Gabon News Archives - AfricaBusiness.com

22Jan

By Africa BusinessNo Comments

Energy, Gabon News

Owendo Mineral Port (OMP) and British International Investment (BII) accelerate port’s energy efficiency, reduce carbon emissions with new solar energy system

Owendo Mineral Port (OMP), part of the pan-African group Arise Ports & Logistics, and British International Investment (BII), UK’s development finance institution and impact investor, announced a significant commitment to sustainable development with an investment of 2.6 million USD. The funds will be dedicated to the implementation of a 1.56 MWp solar system and a 1 MW battery energy storage system. This project, aligned with BII's vision of achieving a net zero emissions portfolio by 2050, represents a concrete step towards solving the climate challenge. The anticipated environmental benefits are major, with an estimated reduction of more than 1,700 tons of CO2 per year, while optimizing port operating costs. This solar energy investment is part of OMP's wider sustainability strateg...

23Sep

By Africa BusinessNo Comments

Energy, Gabon News

Wärtsilä signs Concession Agreement to develop, supply, construct, operate and maintain major 120 MW power plant project in Gabon

The technology group Wärtsilä and Gabon Power Company (GPC), the subsidiary of the Sovereign Fund of the Gabonese Republic (FGIS) dedicated to energy and water, have on 22 September 2021 signed a Concession Agreement with the Government of Gabon for the development, supply, construction, operation and maintenance of a 120 MW gas power plant. Wärtsilä, jointly leading the project development with GPC, will build the plant under a full Engineering, Procurement, and Construction (EPC) contract and will then operate and maintain the plant under a long-term 15-year Operation and Maintenance (O&M) agreement. The EPC contract and the O&M agreement will be signed in 2022 with Orinko S.A., the joint venture between Wärtsilä and GPC. The plant will be located at the industrial site of Owend...

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

21Nov

By NJ AyukNo Comments

Angola News, Cameroon News, Energy, Gabon News

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak oil,” when crude production reaches its maximum rate before going into permanent decline. Predictions run the gamut: OPEC’s latest World Oil Outlook, for example, forecasts increasing oil demand for two more decades. But the International Energy Agency stated in its 2020 World Energy Outlook report that demand for oil probably will plateau after 2030. And the 2020 energy outlook from BP states that the world has already passed peak oil and predicts even greater drops in demand as countries comply with carbon dioxide abatement measures. While no one can p...

Sidney and Bernice Clyman – African Art collection

27Jul

By Shahina ParvinNo Comments

Art, Democratic Republic of the Congo, Gabon News, Ghana News, Mali News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Republic of the Congo

Sidney and Bernice Clyman – African Art collection

There are many ways to collect ancient and historical pieces of art. One of the most famous ways to collect art pieces and show off your wealth is to go to an auction house. Auction houses not only have the most unique collection of items but it is also a place where an individual can feel the thrill of competing against others to purchase any item. Due to the progress of online activities auctions managed to make its way to the online market. Sotheby's is one of the largest and fourth oldest auction companies in the world. With the website “www.sothebys.com” anyone can have the experience of joining the online auction hosted by Sotheby's and browse through their exciting collection of art pieces. On 30 June 2020 9:30 AM EDT African Art from the collection of Sidney and Bernice Clyman was...

Improved housing doubles in Sub-Saharan Africa

1Apr

By Africa BusinessNo Comments

African News, Botswana News, Gabon News, Main, Real Estate, Tanzania News, Zimbabwe News

Improved housing doubles in Sub-Saharan Africa

A new study led by the London School of Hygiene & Tropical Medicine, Imperial College London and Malaria Atlas Project, University of Oxford has revealed that improved housing had doubled on the African continent between 2000 and 2015. The study published in the “Nature International Journal of Science” is the first accurate estimate of urban and rural housing quality in sub-Saharan Africa and was done using state-of-the-art mapping. While highlighting the positive transformation in the region, the prevalence of improved housing doubling from 11% in 2000 to 23% in 2015, the study also estimates that 53 million urban Africans (in the countries analyzed) still lived in slum conditions in 2015. Lead author Dr. Lucy Tusting, from the London School of Hygiene & Tropical Medicine who co...

22Jul

By The African Press OrganizationNo Comments

Energy, Gabon News, Green Energy

AfDB supports Gabon renewable energy sector with €57m loan

LIBREVILLE, Gabon, July 20, 2012/African Press Organization (APO)/ – The Board of Directors of the African Development Bank (AfDB) Group (http://www.afdb.org), through its private sector window, approved on 18 July 2012 in Tunis, a senior loan of €57.5 million to the Coder Hydropower Project for the design, construction and operation of two run-of-river hydro projects in Ngounie Province and North Gabon. The project consists of two run-of-river hydroelectric power plants, a 70 MW plant in the Ngounie Province and a 52MW plant in north Gabon. Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/african-development-bank.jpg Despite a high electricity access rate of up to 83 percent, the Gabon electricity sector still faces frequent electricity shortages and blackou...