Oil and gas supermajor, Eni, will invest $10 billion toward the development of the Baleine field offshore Ivory Coast. The investment will be made in three phases between 2023 and 2027 and will result in the production of 200,000 barrels of crude oil per day (bpd). Oil and gas production from the field began in …
Ivory Coast: Eni to Invest $10B in Offshore Baleine Field Read More »
Upon its completion by the end of the year, the Rusumo Falls hydroelectric power plant is poised to generate 80 MW of power. A significant portion of this energy will be dedicated to powering the Bugesera International Airport in Rwanda, marking a transformative milestone in the region’s power infrastructure. This decision not only ensures reliable …
Rusumo Falls Hydroelectric Plant to Power Rwanda’s Bugesera Airport Read More »
“World Bank Suspends Liberia’s Access to Undisbursed Loans Due to Loan Default” Amid a loan repayment default of 60 days during George Weah’s administration, the World Bank has suspended Liberia’s access to “unwithdrawn loans.” The decision, communicated through a letter dated November 15 by Ousmane Diagana, Vice-President of the Western and Central Africa region at …
World Bank Suspends Access to Unused Loans in Liberia. Read More »
In Lagos, several agreements in principle were inked between Nigerian and French companies, highlighting France’s commitment to bolstering investments in Nigeria amid challenges to its military presence across the continent. During a two-day visit to Nigeria’s economic hub, Olivier Becht, the Minister Delegate for French foreign trade, led an economic summit and supervised the signing …
Nigerian and French Companies Sign Multiple Agreements. Read More »
Turkish state-owned crude oil and natural gas company, Botas, and Algerian National Oil Company, Sonatrach, have extended their existing gas supply contract for three years. Under the deal, which was announced by Turkey’s Minister of Energy and Natural Resources Alparslan Bayraktar on 21 November, Turkey will continue to buy 4.4 billion cubic meters of Liquefied …
The World Bank has approved $60 million in financing to support the The Gambia to enhance the financial capacity of state-owned enterprises, strengthening revenue mobilization, improving economic governance and building climate resilience. The government will use the funding to support its multifaceted strategy for economic growth which includes initiatives aimed at enhancing private sector involvement …
The Gambia Secures World Bank Funding for Climate Resilience Read More »
Libya’s parastatal National Oil Corporation (NOC) has exported its first shipment of Erawin crude oil. Produced from the Erawin onshore field, the crude oil had been exported through oil and gas exploration company, Zallaf Libya Oil and Gas. Announced on 16 November, the inaugural shipment was estimated at 600,000 barrels and was exported through the …
Tongxin Micro, an industry-leading semiconductor solution provider, and Valid, a provider of interoperable eSIM services around the world, have jointly launched a comprehensive eSIM one-stop solution for global OEMs. This solution has successfully passed the GSMA’s eSIM product filing audit, establishing Tongxin Micro as China’s first and the world’s foremost provider of eSIM solutions for …
Tongxin Micro partners with Valid to boost eSIM global deployment Read More »
SGS, the world’s testing, inspection and certification company, has announced the launch of a new certification scheme to help exporters succeed in the complex regulatory landscape of the East Africa Community (EAC). SGS EAC-Ready certification is a voluntary certification scheme that simplifies the process for exporters entering markets in the republics of Burundi, Congo, Kenya, …
SGS launches EAC-ready certification scheme for exporters to East Africa Read More »
British multinational oil and gas company Shell has disvovered a gas reservoir at the North East El-Ammiya block in the Mediterranean Sea, offshore Egypt. The discovery was made at 250m below sea level using Stena Drilling’s Stena Forth drillship. The well bearing the discovery is Shell’s first in a campaign in which the major will …