ep-palestine

South Africa: Chairman of Central Energy Fund Sacked

The director and chairperson of South Africa’s Central Energy Fund board has been dismissed, the minister of energy, Jeff Radebe said in a statement. The Central Energy Fund (CEF) manages defined energy interests on behalf of the government, including the development of the country’s oil and gas assets. The board of the CEF also oversees […]

Africa’s BRICS currency dilemma: feasible alternative or definite non-starter?

Discussions among the BRICS member countries continue over the formation of a united currency that would facilitate trade between BRICS nations and decrease reliance on the ‘greenback’, though whether this ambitious plan succeeds is far from certain, many analysts say. In May, BRICS member countries India and Nigeria announced they had officially signed an agreement […]

Ghana: Private company to take over state-run electricity company

Ghana will hand over its Electricity Company (ECG-Ghana) to a Private Sector consortium, state-run Daily Graphic newspaper reported. According to the Millennium Development Authority, the company that was responsible for handling the operations, investment and management of ECG, the deal was done under the Private Sector Participation of the Power Compact II Agreement of the […]