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Africa could quadruple green energy production by 2030: report

Renewable energy sources could supply nearly a quarter of Africa’s power needs by 2030, more than four times the current levels, according to a report published Monday by the International Renewable Energy Agency (IRENA). In 2013 renewables accounted for five percent of the continent’s needs but this figure could reach 22 percent over the next 15 years, IRENA said in its “Africa 2030” report, which sets out a “roadmap” for

Oando aims to pick up Nigerian assets from embattled majors

Nigerian-based oil producer Oando wants to double its oil output by 2019, targeting assets likely to be shed by majors hit by the crude price drop. Chief Executive Wale Tinubu told Reuters in an interview on Monday the retreat among the world’s major producers from the onshore Nigerian oil industry would likely leave a lot of assets on the market. Oando, which produces some 50,000 barrels of oil a day,