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Ganope Pushes Back Bid Deadline

Egypt’s state-run firm in charge of oil and gas activities in Upper Egypt, Ganoub El Wadi Petroleum Holding Company (Ganope), extended the deadline for receiving offers for its international bid round in the Red Sea to mid-September, instead of August. The push back of the deadline allows more companies to submit their offers, Al-Shorouk reported. […]

July 23, 2019 Read More

South Africa Allocates Eskom Billions

The government of South Africa allocated an extra $4.24 billion to its beleaguered state-owned power utility Eskom over the next two years so it can service its debt. The funds were allocated through a special appropriation bill, according to a Reuters report. Eskom fails to generate sufficient profit to meet its debt servicing costs and […]

July 23, 2019 Read More

Kenya Finance Minister Arrested

In an ongoing corruption probe in Kenya, the country’s Finance Minister, Henry Rotich, has been arrested on suspicion of financial misconduct. The suspected crimes revolve around the construction of two dams. Charges against Rotich, announced on July 22, stem from a police investigation into the misuse of funds in a dam project overseen by the […]

July 23, 2019 Read More