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As part of the construction of the Kinguélé Aval hydroelectric dam (35MW), the project company Asonha Energy has received the first installment of the non-sovereign financing of XAF 81 billion granted by the International Finance Corporation (IFC), the African Development Bank (AfDB), the Development Bank of Southern Africa (DBSA), and the Emerging Africa Infrastructure Fund… ....
Thomas Hedley, Field Editor November 3, 2020 Read more about Gabon’s growing hydrocarbon sector and more in the Africa Energy Series Special Report: Gabon 2020 – the leading investor resource for tracking the country’s current and future movements within the sector. Download the report and other AES Special Reports here. Gabon is one of Africa’s pioneers when it comes to oil exploration and production. A new oil and gas code was adopted in 2019 and well-received by the industry due to its incentives for both major foreign operators as well as local players. With 12 production sharing contracts signed in the last two years and many expressions of interests, Gabon’s hydrocarbon sector is set to heighten in the short term, leading the entire economy upwards with it. ....