The country’s utilities sector is in the midst of a rapid transformation, with a host of ambitious new projects expected to alter Kenya’s energy mix for the better, reducing import dependency and slowly ending decades of capacity constraints that have aggravated residential consumers and impeded industrialisation. Renewable energy development...
Although it has significant potential for future development, Kenya’s nascent oil and gas industry is, like so many other markets, facing a number of challenges, both external and domestic, in 2015. An economic slowdown in China, weaker global oil prices, a depreciating shilling and proposed local content regulations have affected planned...
Hydrocarbons wealth has underwritten Algeria’s growth for decades, allowing the country to accumulate huge foreign currency reserves and underwrite a major public spending campaign over the past 10 years. Thanks to high oil and gas prices, the government has been able to fund infrastructure and social programmes, including subsidies, helping...
Hydrocarbons activity is the single most important industry in Algeria, accounting for approximately 60% of government revenues and 95% of total exports. The fall in oil prices since mid-2014 of more than 50% had a negative impact on the country’s finances and resulted in a halving of earnings from hydrocarbons exports. Concerns have been...
As well as holding the 10th-largest gas reserves in the world, Algeria is also the top natural gas producer in Africa, with a total of 83.3bn cu metres (bcm) in 2014. Hydrocarbons have been one of the main drivers behind the country’s economic development, and according to the IMF they account for around 95% of Algeria’s export earnings,...
With Jordan importing an estimated 97% of its energy needs, costing up to 40% of its annual budget in recent years, development of renewable energy has become a top priority for the kingdom, particularly wind and solar power, with Jordan’s dry, sunny climate and windswept northern and eastern regions offering the perfect locale for wind...
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