Energy & Oil

Change the laws and boost investment, workshop tells government

Addis Ababa, Ethiopia - Various companies have proposed that the government introduce better petroleum and mining laws to help boost the potentially lucrative industry. eDuring a two-day workshop at the Harmony Hotel organized by the renowned consultancy firm Deloitte Ethiopia earlier this week, representatives of different companies said that Ethiopia has immense mineral and petroleum resources, […]

Obama pledges $7 billion to upgrade power in Africa

(CNN) — U.S. President Barack Obama pledged $7 billion Sunday to help combat frequent power blackouts in sub-Saharan Africa. Funds from the initiative, dubbed Power Africa, will be distributed over the next five years. Obama made the announcement during his trip to South Africa, the continent’s biggest economy. “Access to electricity is fundamental to opportunity in this […]