IMF / Sub−Saharan Africa Regional Economic Outlook

The sub-Saharan Africa region’s economic outlook will grow by 3.4 percent in 2021, up from 3.1 percent projected in October, and supported by improved exports and commodity prices, along with a recovery in both private consumption and investment. The IMF announced today (Thursday, April 15th) in a press briefing in Washington, DC. _____________________________________________________________________________________________________ “The region’s economy contracted by 1.9 percent in 2020, while this is somewhat less severe, about one percentage points less than we projected in October, you know, […]

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Oil discovery: New discoveries in Angola’s Prolific Basins fuel interest in ongoing bid round

From deep-water commercial fields to onshore plays, Angola boasts a combined depth of resources and existing infrastructure that provide explorers with unparalleled opportunities in the upstream ENI announced on Tuesday 06 April, that it had made a new discovery in Angola. The Italian Major’s latest oil discovery in its Block 15/06 concession offshore Angola underlines why Angola’s Prolific Basins and conducive regulatory framework continue to prove attractive despite stiff competition from new frontiers like Guyana and Suriname. It is also […]

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African presidents and global leaders support bold action on climate change adaptation for Africa

In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.” Africa now faces the dual onslaught of climate change – currently estimated at between $7 billion and $15 billion each year – and Covid-19, which has claimed 114,000 lives. The African Development Bank expects […]

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OPINION: African agriculture is ready for a digital revolution


by Akinwumi Adesina and Patrick Verkooijen Akinwumi Adesina is president of the African Development Bank. Patrick Verkooijen is CEO of the Global Center on Adaptation.    After a dark 2020, a new year has brought new hope. In Africa, where up to 40 million more people were driven into extreme poverty and the continent experienced its first recession in 25 years, a brighter future beckons as the economy is forecast to return to growth this year. Africa now has an opportunity […]

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U.S. Africa Energy Forum 2021 Launches: Promotes U.S. Role as Primary Investor in African Energy

photo Bigstock

The multi-day forum unites U.S. and African policymakers, energy executives and industry leaders to create new linkages and foster discussions The U.S. Africa Energy Forum 2021 – organized by Africa Oil & Power, in partnership with the African Energy Chamber’s U.S.-Africa Committee – will foster alignment between U.S. and African governments’ energy policies and highlight African oil, gas, power and renewable projects across the energy value chain for U.S. investors; the multi-day forum unites U.S. and African policymakers, energy executives […]

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African Energy Thriller Becomes a Wall Street Journal Best-Seller List and tops US Market

Billions At Play became number one on Amazon in several categories only a few days after its initial release in 2019 Following the widely acclaimed release of NJ Ayuk, Managing Director of Centurion Law Group ( and Executive Chairman of the African Energy Chamber’s ( second book, Billions At Play: The Future of African Energy and Making Deals, the resourceful and bold book has become #1 Amazon Best Selling eBook overall, #2 Wall Street Journal Best Selling eBook, #4 USA […]

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Angola’s Petroleum Agency outlines timeline for ongoing bid-round

A hybrid online and physical roadshow for the current bid-round is scheduled for April 6 in at the Talatona Convention Centre in Luanda Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has outlined its timetable for the evaluation of its ongoing 2020 bid round, as interest in the acreage on offer continues to grow. photo caption: Paulino Jerónimo, Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) CEOAfrica Oil & Power Conference In line with its statutory duties as national concessionaire […]

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AAAM hosts Vehicle Component Suppliers in Ghana

The African Association of Automotive Manufacturers (AAAM) hosted an exploratory visit by automotive component manufacturers to Ghana in the first week of March. The objective was to introduce potential investors to the Ghanaian automotive market. The initial visit was focused on aftermarket opportunities, which in time will also support OE assembly as the volumes grow, as currently almost all components are imported. Executives from Maxe (a division of KAP Automotive), Supreme Springs (a division of Metair) and Hudson Rubber were […]

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