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Sat,18Nov2017

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Lights out: poor governance and Africa's energy crisis

A street vendor sells her wares by the light of a kerosene wick lamp in Lagos, Nigeria Thursday March 1, 2007. Nigeria claims ownership of one of the world's great energy reserves, but corruption and mismanagement leave Africa's oil giant chronically short of electricity. SUNDAY ALAMBA/AP/SIPA.

A street vendor sells her wares by the light of a kerosene wick lamp in Lagos, Nigeria. Nigeria claims ownership of one of the world's great energy reserves, but corruption and mismanagement leave Africa's oil giant chronically short of electricity. SUNDAY ALABAMA/AP/SIPA.

By: Max Bankole Jarrett

Africa is rich in resources and opportunities. In so many fields, however, the continent is yet to hit its stride, often because there is not enough political will to manage resources better and create necessary incentives. Africa's energy crisis is a prime example.

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Gas fuels Tanzania, Mozambique growth

Photo©Graham KietzmannMozambique and Tanzania's economic potential has been hard hit by low prices for natural gas, but investors are now looking closer to home for customers.

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South African minister tells Eskom to release coal contracts report to Treasury

Photo©Siphiwe Sibeko/ReutersSouth African Public Enterprises Minister Lynne Brown said on Tuesday she had asked state-owned power utility Eskom to immediately provide a report required by the Treasury, which is investigating the utility's coal contracts.

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Energy: Tanzania's President Magufuli orders officials to speed up LNG project

Tanzania's President John Magafuli. Photo©ReutersTanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long.

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Kenya raises retail fuel prices again

File photo©Matt Rourke/AP/SIPAKenyan motorists will pay more for fuel for the next four weeks after the country's energy regulator raised prices, citing the rising costs of petroleum imports.

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Wage strike starts at South Africa power utility Eskom, supplies stable

Photo©Siphiwe Sibeko/ReutersWorkers downed tools Monday at three South African power stations with more set to follow as a wage strike began at state-run utility Eskom, but the company said its operations had not yet been impacted and branded the stoppage illegal.

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Energy: Nigeria slump hits $1bn Transcorp power investment

File photo©Andy Wong/AP/SIPANigeria's investment conglomerate Transnational Corp. has shelved plans to build a $1bn gas-fired power plant blaming fuel shortages and a lack of finance caused by the country's economic downturn.

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Ethiopia: The end, the means

The Huajian shoe factory in Dukem: the government sees manufacturing as the future. Photo©Petterik Wiggers/PANOS-REAThe state-driven economic model leaves no room for dissenting voices as Ethiopia sticks to its 11.2% growth target, with manufacturing leading the way.

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Uganda to grant oil production licences to France's Total

Photo©Wolfgang Rattay/ReutersUganda's cabinet agreed on Wednesday to allow the energy ministry to grant three oil production licences to France's Total, the presidency said.

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Green revolution: Harnessing earth, wind and fire

Photo©©PAUL LANGROCK/ZENIT-LAIF-REAOnly one in four Africans have access to electricity according to World Bank estimations, making the energy shortfall one of the most critical barriers to continental development.

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China, Africa ink $17 bln preliminary cooperation pacts

China's President Xi Jinping speaks during a Forum on China-Africa Cooperation in Sandton, Johannesburg, December 4, 2015. REUTERS/Siphiwe SibekoChinese companies and banks agreed preliminary deals with African counterparts on $17 billion worth of cooperation in sectors including infrastructure, energy, pharmaceuticals and information technology, the official Xinhua News Agency reported on Thursday.

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Algeria to implement 'new growth model' to cope with oil price drop

Algerian President Abdelaziz Bouteflika. Photo©Sidali Djarboub/AP/SIPAAlgeria pans to launch a new "economic growth model" for the next four years focussed on reforming the tax system to bring in more revenue and reduce dependence on energy exports.

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Zimbabwe regulator turns down power tariff hike request

Charlie Riedel/AP/SIPAZimbabwe's energy regulator has turned down an application by the state-run power distributor to raise electricity tariffs by nearly 50 percent because it would hurt a struggling economy, it said on Thursday.

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Protests over salaries delay Libyan oil shipments

File photo©Kamran Jebreili/AP/SIPAGuards protesting over pay shut the eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said.

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Cote d'Ivoire to begin construction of two power plants by 2017, supply Guinea and Sierra Leone

Photo©Charlie Riedel/AP/SIPAIvory Coast will start building a gas-fired power station near its commercial capital Abidjan later this year with work on a second plant due to start by 2017 at the latest, a government official said on Thursday.

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Djibouti signs $75 million financing deal with Saudi firm for fuel imports

File photo©Kamran Jebreili/AP/SIPADjibouti has approved a $75 million financing agreement with a unit of Saudi Arabia-based Islamic Development Bank to help the Horn of Africa nation to buy refined petroleum products, its energy minister said.

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Energy: Cameroon's $1 billion hydroelectric dam expected by 2020

File Photo©Charlie Riedel/AP/SIPAA $1 billion hydroelectric dam planned for Cameroon's Nachtigal River will be ready by 2020, adding over 30 percent to the country's hydropower capacity, the minister of water and energy said on Thursday.

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Niger Delta Avengers say five attacks launched since Friday in Nigeria's southern Delta

A petrol attendant sits on a floating fuel station on the banks of the Nun River on the outskirts of the Bayelsa state capital, Yenagoa, in Nigeria's delta region. Reuters/Akintunde AkinleyeThe Niger Delta Avengers, a militant group which has carried out a series of attacks on Nigerian oil facilities in the last few months, on Sunday said it had mounted five attacks in the southern energy hub since Friday.

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Energy investments: Africa-focused funds fuse $3.3 bn electric power assets

File photo©Ferdinand Ostrop/AP/SIPATwo Africa-focused funds have created a new energy joint venture capable of generating 1,575 megawatts (MW) of electricity in at least 10 countries by merging assets totalling $3.3 billion.

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China firms to fund Congo hydro power plant to lift mining output

ReutersChina's Sinohydro and China Railway Group will finance a $660 million hydroelectric plant in southeastern Democratic Republic of Congo which is being built to reduce the copper-mining region's power deficit.

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