TotalEnergies

DRC
UN, Houston and Washington on Tshisekedi's US agenda

Expected next week in New York for the annual United [...]

Congo
Congo bows to IMF pressure and overhauls hydrocarbons ministry

The Congolese hydrocarbons ministry is about to undergo a radical shakeup. In particular, the powerful hydrocarbons general directorate is to disappear.

DRC
In the midst of a petrol shortage, "contaminated" shipment causes a stir in Kinshasa

A tanker operating for Petrocam was to supply the Congolese capital's service stations, which have been dry since the beginning of September, within the next few days. However, the 25,000 tonne cargo has now been found to be "contaminated" and "dangerous".

The New Guard
South Africa, Uganda, Morocco, Algeria

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

South Africa Fasiha Hassan, Gauteng's MPL pushing to rejuvenate ANC

Uganda Elison Karuhanga, the Lake Albert-connected oil lawyer

Morocco Boucharab, former IT chief of OCP, LVMH and Total, heads into the cloud

Algeria Benghanem keen to put Algeria back on investors' radar

Spotlight | Africa
ExxonMobil, Chevron, Marathon... US giants start mass exodus from the continent

With the exception of Namibia and Mozambique, Africa has ceased to be attractive to US oil companies, which are gradually withdrawing from the market. This strategy is the opposite of that adopted by the Chinese and Russians, which are continuing to push ahead.

Gabon
Minister Massassa rattles tax stability for newcomers to Gabon oil

Oil companies wanting to invest in Gabon risk being put off by the government's new tax provisions that have gone under the radar.

Mozambique
French catering giants Newrest and CIS choose their local partners

There is a fierce battle for catering contracts in Mozambique afoot. While TotalEnergies and ExxonMobil's major projects are currently stalled, French firms have already selected local businessmen to help position themselves for future gas developments.

Angola, Nigeria, Tanzania
Equinor's elite women's squadron in Africa

Within the game of top level musical chairs at Equinor, a new general manager was appointed in Angola to replace Nina Koch, who has taken the helm of the group's Africa operations.

Algeria, France
After Macron visit, French ministers to get down to brass tacks in Algiers

Prime Minister Elisabeth Borne and her top ministers will travel to Algiers before the end of October for a high-level intergovernmental meeting. The aim is to turn the announcements made by Emmanuel Macron last month in Algiers into reality.

Libya
NOC and Tripoli prepare response to ex-Gaddafi communicator in Paris

A French court has ruled that the National Oil Corp (NOC) is an extension of the Libyan state, opening the way for the country's creditors to seize state assets. But Tripoli is planning a counterattack based on arbitration fraud claims.

Egypt, Ethiopia
Egypt's desalination plant projects are running dry

As Ethiopia continues to fill the GERD dam, threatening as it does so to reduce the flow of the Nile River, Egypt is looking to diversify its water supply. But these projects are still marginal, and plans for desalination plants have been scaled back due to the economic crisis.

Sao Tome and Principe
Shell/Galp's drilling on block 6 may kickstart negotiations over block 4

The offshore field in Sao Tomé has recently become a hotspot for oil companies eagerly awaiting the results of drilling on block 6. If drilling is successful, negotiations over block 4, contested by ERHC, Kosmos and TotalEnergies, may resume.

Cameroon
Razel in legal battle with Magil over €26m 'unpaid' debt

Razel, the Cameroonian subsidiary of the French group Fayat, is accusing the Canadian firm Magil, which was in charge of construction for the African Cup of Nations (CAN), of not honouring a debt of more than €26m.

Ivory Coast
Money laundering investigation rocks Ivorian banking sector

The Ivorian economic and financial criminal division has for several months been investigating suspected money laundering, amounting to nearly 52 billion CFA francs. The case is as spectacular as it is far-reaching, with Société Générale being the most threatened.

Nigeria
Disputes still hound Nigeria's relations with ENI and Shell

Nigerian oil company NNPC has managed to settle the lawsuits filed against it in the United States by trading them for block extensions. But the West African giant has not seen the back of its arbitration proceedings involving ENI and Shell yet.

Ethiopia
Stifled by rising oil prices, Ethiopia's private sector turns to solar

Every year Ethiopia uses more than 30% of its oil imports to generate electricity. With oil prices soaring, local industry and agriculture are looking for new sources of power.