Power is one of the biggest hurdles to stronger growth in the sub-Saharan African region. A number of factors – from dumsor in Ghana and high tariffs in Kenya to a lack of grid access in Gabon – mean that both households and industrial firms are often subject to inconsistent and unreliable electricity supply.
With the return to stability and economic growth, foreign direct investment is again flowing into Côte d’ Ivoire’s hydrocarbons sector. Prompted by the prospects of greater oil finds and growing domestic demand for gas, companies have sought to make the most of existing production fields, while also seizing the opportunity to further...
Algeria’s growth over the past decades has been driven in large part by heavy government spending, which is enabled by the country’s vast hydrocarbons wealth. As a result, as oil prices dropped – by almost 70% between the summer of 2014 and the beginning of 2016 — the consequences for the economy were significant, with Algeria experiencing a...
In spite of the fact that Algeria has some of the largest oil and gas reserves in Africa, is among the continent’s top-five producers in oil and is the single biggest gas producer, the age of its upstream facilities is beginning to show, with maturing production levels. Output for both oil and gas has slowed steadily over the past decade,...
In 2011 the government launched the National Development Plan for Renewable Energies (Plan National de Développement des Energies Renouvelables, PNDER), a massive programme to develop renewable energies. The initiative entails plans for the addition of 22 GW to the national grid by 2030, entirely generated through renewable energies. “This...
Low oil prices have had a significant impact on producers. According to a 2015 study by consultancy Wood Mackenzie, following the price drop, well over $200bn in spending on oil and gas projects around the world has been deferred, and roughly 250,000 industry employees globally have lost their jobs. This has been magnified in commodity-...
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