Africa is imperfect solution to Europe’s gas woes 28 Apr 2022 The continent’s vast reserves and growing liquefied gas supplies can cut some of the bloc’s energy dependence on Russia. Yet lack of infrastructure, domestic needs and rigid contracts limit Africa’s ability to boost exports quickly. Political instability is a further headache.
Chaotic election ruling raises Congo split risk 21 Jan 2019 The African nation’s top court rejected complaints by runner-up Martin Fayulu, who says the Dec. 30 vote result is fraudulent. Unofficial tallies say he is right. His supporters in Congo’s mining belt could now push for a split from Kinshasa – leaving cobalt supply in turmoil.
Congo’s post-Kabila chaos leaves miners in a hole 10 Jan 2019 Elections in the central African giant have produced a double surprise. Outgoing leader Joseph Kabila’s man lost. But so did a rival who led opinion polls and was favoured by mineral-rich regions. Unrest is likely, especially in Katanga, home to 60 percent of the world’s cobalt.
Glencore can dig its way out of Kinshasa quagmire 30 Apr 2018 A former partner is threatening to freeze two of the $71 bln commodity giant's operations in Congo, demanding $3 bln. It's the latest in a list of woes in the African country, including a tough new mining code. But the 6 pct drop in the stock over the past week is overblown.
Chevron’s two-state oil pact gives Africa hope 31 Jul 2012 The U.S. oil giant’s $2 bln deal with Angola and Congo is a diplomatic coup. It unites two of the largest producers on a continent gushing with resource disputes. With Africa supplying a quarter of the world’s new oil, anything that could help resolve other clashes is welcome.