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IMF predicts higher Economic growth rate for Mozambique from new Gas discoveries

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By Agencies… The International Monetary Fund (IMF) predicts that Mozambique’s average growth rate during the first half of the next decade could reach the staggering figure of 24…

Analysis: Will Kenya be a Rule-Maker or rule-taker in the ‘uncertain’ Crude oil Business?

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By Hez Gikang’a  The big economic and financial news of 2016 is the complete rout of crude oil benchmark prices after prices hit an all-time decade low of…

We reset Business plan in 2015 to deal with market challenges—Tullow Oil

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Tullow Oil Plc says it was prompted to reset the business in order to deal with the effects of the uncertain market situations as it labored deliver on…

South Sudan seeks to renegotiate Crude Transportation Charge with Khartoum

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South Sudan has asked immediate neighbor Khartoum to lift the lease of crude oil transportation facilities and cost due to danger posted by current market prices. South Sudanese…

Kenyatta wants Plan to transport Crude Oil by road Finalized by end of January, Oil expected at Port by September 2016

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Kenya President Uhuru Kenyatta has given a ‘State House team’ until the end of January to work out on the logistics of transporting the crude oil from the…

Export Pipeline needed to enable Commercialization of Uganda and Kenya Oil—Expert

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With recoverable oil reserve estimates of approximately 750 MMbbl and 600 MMbbl in Uganda and Kenya, respectively, and with government share of the reserves expected to be about…

Kenya in preparation to see crude sales in 2016 as Uganda remains uncertain

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Speculative media reports coming from Kenya say the country is in preparation to pump its Oil deposits from Lokichar valley to the International market in early 2016. According…

French Oil Firm Total Attacks Ugandan Tax Using Investor-State Dispute Settlement (ISDS)

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By Edward Ronald Segyawa and Frank Mulder…. The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year…

The ‘not so good’ awaiting Nigeria Oil industry amid the threat of falling prices in 2016

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This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil. This is especially true for Nigeria, where there’s a possibility…

New Reservoir discovery makes ‘Africa Oil’ stronger in Kenya Oil sector

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Africa Oil announced that the Etom-2 well in Block 13T in northern Kenya has discovered 102 metres of net oil pay. The company in a press statement indicated…