Inspiring Africa's Sustainable Business Growth
CAMEROON – BOCOM Petroleum SA, a leading Cameroonian importer and distributor of petroleum products, has secured €50 million (US$52.31m) financing package through a partnership with International Finance Corporation (IFC), a member of the World Bank. IFC will help BOCOM expand access to liquified petroleum gas (LPG) in Cameroon. The partnership is aimed at boosting access to cleaner and more reliable…
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NIGERIA – Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to produce Liquified Petroleum Gas (cooking gas) to ensure 10 percent of current nationwide demand. The Executive Secretary of the NCDMB, Eng. Simbi Kesiye Wabote announced this while speaking at the 2022 Nigerian International Energy Summit (NIES), in Abuja. The procedure will see NCDMB work alongside select partners…
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AFRICA – Energy and infrastructure conglomerate, Sahara Group, plans to invest over US$1 billion to enhance access to liquefied petroleum gas (LPG) in Africa and emerging economies in a bid to boost the energy transition on the continent. Executive director of the Sahara Group, Temitope Shonubi, disclosed this at the African Refiners and Distribution Association (ARDA) conference 2021 in South Africa…
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KENYA – OLA Energy Kenya, the local subsidiary of Tamoil Africa Holdings Limited, has commissioned a new Ksh40 million (US$360,555) state-of-the-art Liquefied Petroleum Gas (LPG) plant in Nairobi that enables the company to double its capacity and meet the growing domestic demand for cooking gas in the country. Speaking at the commissioning, OLA Energy Kenya Operations Manager Franklin Nubi revealed…
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CÔTE D’IVOIRE – Petroci, Côte d’Ivoire’s national oil company, in partnership with Sahara Energy and under advisory of international law firm Gide and Ivorian law firm SCPA 3K, is set to construct a 12,000-metric ton liquefied petroleum gas (LPG) storage facility in Abidjan. The total cost of the project is 23.9 billion CFA francs (US$43 million) and will increase the…
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