Allan Akombo, 6:43 am AFKI Original
Uganda has heightened its oil race with its east Africa neighbor, Kenya after it awarded eight production licenses with an eye on having products in the market by 2020. Uganda granted on Tuesday eight production licenses to France’s Total and UK-listed explorer Tullow Oil, paving way for a final push towards commencement of commercial production.
Allan Akombo, 3:18 am AFKI Original
Kenya plans to set up a first nuclear power plant with a capacity of 1,000 megawatts (MW) by 2025. This is expected to rise to a total of 4,000MW by 2033 making nuclear electricity a key component of the country’s energy mix which is projected will be about 19,000MW in total. Kenya currently has an installed capacity of 2,298MW of energy from diverse sources such as hydro, geo thermal and thermal.
Allan Akombo, 2:57 am AFKI Original
Kenya faces a race against time to win the full backing of South Sudan for its planned crude pipeline after Kampala pulled the plug on an earlier deal for a joint petroleum project with Nairobi. Uganda on Saturday formally announced it will build a pipeline for its oil through Tanzania rather than Kenya, which had wanted to secure the export route. “There is no more paralysis on that matter, we are moving,” Ugandan President Yoweri Museveni said at the end a regional summit meeting in Kampala on Saturday.
Allan Akombo, 5:56 am AFKI Original
Consumers in key Southern and western Africa economies are facing a fresh wave of power tariff hikes as utilities battled the effects of costly supplies. In a latest move, South Africa’s energy regulator on March 2 allowed state-owned power firm Eskom to raise tariffs by 9.4 percent in the 2016/17 budget. Power consumers in West Africa have also been subjected to a fresh round of increased power tariffs. Ghana’s power regulator hiked power tariffs effective December 14, 2015 in an attempt to lure private investors
Allan Akombo, 6:26 am AFKI Original
Uncertainty over the construction of a joint crude oil pipeline and refinery by Kenya, Rwanda, South Sudan and Uganda has deepened after Kampala reaffirmed it was pushing on with talks of building its own pipeline through Tanzania. Landlocked Uganda is keen to get a pipeline to the east African coast to ship its crude reserves, estimated at 6.5 billion barrels, at the least possible cost. The east African country discovered crude reserves in its Albertine rift basin in 2006.
Allan Akombo, 3:32 am AFKI Original
According to the Africa Visa Openness Report 2016 published by the African Development Bank (AfDB), the most visa-open countries are found in West Africa and East Africa. A massive 75 percent of countries in the top 20 most visa-open countries are in West Africa or East Africa. Surprisingly, only one in North Africa and none in Central Africa are in the top 20 most visa-open countries —underlining the challenges the continent faces in boosting its trade and investment profile.
Allan Akombo, 4:39 am AFKI Original
In East Africa however a budding rivalry between Tanzania and Mozambique, that have both discovered major gas reserves, has sparked renewed activity in the Liquified Natural Gas (LNG) segment despite the slump in energy projects in other parts of the world. The two countries are in a vicious race to become Africa’s newest LNG exporter and snap up contracts before supplies from rival producers in other parts of the world come to market.
Allan Akombo, 3:16 am AFKI Original
Some analysts say sub-Sahara is witnessing an overall scramble for its energy resources, especially by emerging global economies, the BRICS (Brazil, Russian Federation, India, China and South Africa) attracted by the numerous new discoveries y of oil and gas reserves mainly in east and West Africa. Some critics however warned that Russia’s renewed dalliance with Africa may go beyond the historical Cold-War games and have mixed implications.
Allan Akombo, 1:31 am AFKI Original
The discovery of large reserves of oil and gas has raised the profile of eastern Africa countries, with the potential of joining world’s energy producers. But the new found reserves have brought a bigger problem and triggered escalating disputes among the soon to be new oil states in Africa.
Allan Akombo, 4:04 am AFKI Original
Under growing pressure for transparency and accountability, East Africa is changing the way it manages exploration and production rights of new oil and gas resources. Uganda’s Cabinet approved plans to open up six exploration blocks in the oil-rich Albertine Basin for licensing in the country’s first competitive bidding .