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What the Global Oil Crisis Means for Africa

What the Global Oil Crisis Means for Africa

Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year high in recent weeks. It remains firmly above $100 per barrel at the time of…

Central Energy Fund to Invest $68M in South African Gas Project

Central Energy Fund to Invest $68M in South African Gas Project

South Africa’s Central Energy Fund (CEF) will reportedly invest R1-billion ($68-million) to help fund Renergen’s Virginia Gas Project in Free State, South Africa, in order to accelerate the second phase of the project’s development. According to News24, CEF has signed a term sheet to invest the funds in return for a 10% stake in the…