Inspiring Leadership & Sustainable Business Transformation in Africa
GABON – Solen SA Gabon, a subsidiary of Solen Renewable Dubai, has just launched the construction of the Ayémé Plaine photovoltaic solar power plant, in Libreville, the capital of Gabon. The future facility will have a capacity of 120 MWp. The launch of the Ayémé Plaine solar photovoltaic power plant in Gabon comes almost six months after the signing of…
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GABON – The Gabonese State, through the ministry in charge of investment promotion, has signed a contract with the Turkish company Desiba Energy for the construction of a solar power plant with a capacity of 20 MW. Desiba intends to invest 27 million euros (US$31.83m) in the construction of its solar photovoltaic power plant. The Turkish company Desiba Energy has…
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GABON – Total Eren, a renewable energy independent power producer (IPP), has signed an agreement with the Gabonese authorities for the construction of a 50 MWp solar power plant near the capital Libreville, Gabon. Total Eren, which is 30% owned by the French oil company Total Energies, signed the preliminary agreement with Alain-Claude Bilie By Nze, Gabon’s Minister of Energy…
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GABON – The Board of Directors of the African Development Bank has granted €39 million (US$46.27m) loan for the implementation of the first independent producer of hydroelectric power project in Gabon. This is a loan of €20 million (US$23.73m) from the African Development Bank, €10 million (US$11.86m) from the Africa Growing Together Fund (AGTF) and concessional financing of €9 million…
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GABON – Tullow Oil, an Oil and gas company, has completed the sale of its 10% working interest in the Dussafu Marin permit asset in Gabon to Oslo-listed Panoro Energy. Tullow Oil announced that it had already received a payment of US$39 million for the Dussafu asset earlier in the day as well as a U$5 million contingent consideration relating…
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GABON – The Ndjolé hybrid solar power plant, with an expected capacity of 400 kW, is set to be commissioned in July 2021, according to the Gabonese Minister of Energy and Water, Alain Claude Bilié By Nze. The installation is being carried out by Ausar Energy, a subsidiary of the French group Engie. The plant, located in the province of…
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GABON – Gozem, a West African-based eCommerce startup which offers ride-hailing, logistics, food delivery, and fintech services, has launched in Gabon with a taxi-booking app. This is the first time Gozem will spread its operations outside West Africa. As it were, its focus is currently on Francophone African markets. Residents of Libreville, Gabon’s capital, can now access digital ride-hailing services…
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GABON – The African Financial Company (Cofina) has granted a fund of CFAF 250 million (US$456k) to Ogooué Labs, a coworking venue hosting and incubating startups looking for a space to get creative and innovative, to support entrepreneurship in Gabon. This funding aims to support the StartX 241 program initiated by the incubator aimed at small and very small businesses…
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GABON – Vaalco Energy, a company engaged in hydrocarbon exploration, has signed a sale and purchase agreement (SPA) to acquire Sasol Gabon S.A.’s (Sasol’s) 27.8% working interest in the Etame Marin block offshore Gabon. Since Vaalco currently owns and operates a 31.1% working interest in Etame, the transaction will almost double Vaalco’s total production and reserves. In addition, Vaalco is…
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GABON – BW Energy, an exploration company, has announced the acquisition of jack-up drilling rigs, the 2003-built sister-units Atla and Balder from Borr Drilling for a total price of US$14.5 million. BW Energy has also concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilising a converted jack-up rig to reduce investments…
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