Groupe Filatex is a Madagascan company that has plans to be a leading light in Africa’s renewable energy sector.
The cards have been shuffled on the global investment table and all eyes are on Africa, writes Hasnaine Yavarhoussen, CEO of Groupe Filatex.
In Africa there is an unacceptable gap between electricity supply and demand, where 600 million people still lack access to reliable energy.
Sterling Energy has completed its withdrawal from the Ambilobe block offshore Madagascar.
Sterling Energy has confirmed it plans to pull out of the Ambilobe block in Madagascan waters by July.
Exxon Mobil has ended its oil exploration in Madagascar after disappointing findings in its off-shore blocks, the Malagasy Mining and Petroleum Minister said on Friday. The U.S. company had no immediate comment. Exxon's affiliates resumed exploration in Madagascar in 2013 after a four-year pause due to a force majeure declared after the 2009 coup on the Indian Ocean island.