Tag Archives: Africa

South Africa Prepares for a Battery Energy Storage System Tender

In a project that the World Bank hopes will be a catalyst for implementing its climate change strategy in low and middle-income countries, Eskom, South Africa’s 100% state-owned electricity utility, will launch a tender for a 1.4 gigawatt-hours battery energy storage system (“BESS”). The tender will likely be issued in the first or second quarter … Continue Reading

What the Home Battery Could Mean for Africa

The African continent is revolutionizing itself as the place where no infrastructure is no problem.  This began in the telecommunications field:  Africa lacks a robust system of landlines, which traditionally enable better access to desktop computers, online services, and financial institutions.  But the emergence of cellular telephony has allowed individuals across Africa to bypass this … Continue Reading

Anatomy of a Nigerian Oil Scandal: Audit of National Oil Company Fuels Momentum for Sectoral Reform

After months of speculation and mounting pressure, it’s finally here: the government of Nigeria has released the long-awaited PricewaterhouseCoopers (PwC) forensic audit of the Nigerian National Petroleum Corporation (NNPC), the country’s national oil company. It’s not often that the release of a highly technical accounting report makes the headlines—much less grabs the attention of millions—but … Continue Reading

A Spotlight on Solar Power in Africa

The new year may only be a few months old, but 2015 has already ushered in a number of exciting developments in the solar power space in Sub-Saharan Africa. Solar projects coming online across the continent and more in the pipeline. Riding the momentum of 2014 in which it brought online the largest photovoltaic (PV) … Continue Reading

Nigerian Court of Appeal Allows Third Party to Challenge Arbitration Award

In the recently published Abuja Court of Appeal case of Statoil (Nigeria) Limited & Anor v. Federal Inland Revenue Service & Anor ((2014) LPELR-23144(CA)) (“Statoil”) dated 13 June 2014,  the Nigerian court held that a third party had locus standi to challenge an arbitration agreement to which it was not a party. This decision has … Continue Reading

Geothermal Power in East Africa

Last week, London-based firm EnergyNet held its “Powering Africa Summit” in Washington.  The Summit, opened by U.S. Secretary of Energy Moniz, attracted project developers, equipment suppliers, financiers, the U.S. Government’s Power Africa team, and African government officials.  Unfortunately, due to the African Union Summit that was being held at the same time in Ethiopia, no minister … Continue Reading

Planning Ahead to Arbitration – Important Considerations for Investors

As foreign investment into Sub-Saharan Africa continues to grow, inevitably, so does the risk of disputes arising between commercial parties. The potential benefits of arbitration in settling a commercial dispute, including procedural flexibility and neutrality, are well known (read more from the ICC here). This post provides an introduction to the relevance of arbitration to investors considering … Continue Reading

NEPAD Summit Introduces Flagship Infrastructure Projects Just Before The Anticipated U.S.-Africa Leaders Summit

From June 14-15, African leaders, businesses and investors gathered for the Dakar Finance Summit for Africa’s Infrastructure–organized by the New Partnership for Africa’s Development (NEPAD)–to discuss the financing of major national and regional infrastructure projects.  The Summit’s hallmark feature was the creation of theDakar Agenda for Action (DAA), which acknowledges African states’ desire to reduce … Continue Reading
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