Heirs Holdings Significantly Expands Oil and Gas Portfolio, Acquires 45% of OML 17 from Shell, Total and ENI

Lagos, Nigeria – Heirs Holdings (HH), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings […]

Grid Or Solar: Looking for the Best Energy Solution for the Rural Poor

What kind of electricity makes sense in rural Africa to make the most of available budgets? GettyImages Jörg Peters, Leibniz Institute for Economic Research and Maximiliane Sievert, Leibniz Institute for Economic Research South Asia has made tremendous progress in connecting rural areas to the electricity grid but the number of people in Africa without access […]

South Africa’s Electricity Supply: What’s Tripping the Switch

Electricity customers should brace themselves for steeper increases. shutterstock Rod Crompton, University of the Witwatersrand Eskom, South Africa’s state-owned power utility, has a litany of financial and operational problems. In 2017 the Goldman Sachs Group declared it the biggest risk to the South African economy. Several cabinet members have said so too. President Cyril Ramaphosa […]