French energy company Total Energies, together with partners Qatar Energy and the Congolese national oil company SNPC, has been granted a license to explore the Nzombo field in the Republic of the Congo. This was announced in a company statement. Total Energies will hold a 50% stake in theContinue Reading
Trade between Russia and Egypt exceeded $9 billion in 2024, making Egypt Russia’s largest trade and economic partner on the African continent. The Russian Ministry of Foreign Affairs stated this in its Telegram channel, noting that 26 August marks the 82nd anniversary of the establishment of diplomatic relations betweenContinue Reading
Gazprom has signed a memorandum of cooperation with the Mongolian government aimed at developing a partnership in the oil and gas sectors. The document was signed during a working visit by a delegation from PJSC Gazprom led by Management Board Chairman Alexei Miller to Mongolia, Gazprom said. Miller held workingContinue Reading
Kenya is holding talks with China on converting its dollar debt into yuan as well as extending its repayment period, Bloomberg reported, citing a statement by Kenyan Finance Minister John Mbadi. According to him, the negotiations are aimed at helping Kenya reduce its annual debt servicing costs to China. “TheContinue Reading
Nigeria’s Dangote Group has appointed David Bird, a former Shell executive and ex-CEO of 0Q8 refinery in Oman, as chief executive of its refinery and petrochemical division, the company said on Saturday, as it accelerates its pan-African growth strategy. Bird, whose appointment took effect on August 1, brings overContinue Reading
The Industrial Development Corporation (IDC) of Zambia has signed a $1.1 billion agreement with Chinese company Fujian Xiang Xin for the construction of an oil refinery and energy complex in the city of Ndola. This was reported by the Zambia Daily Mail, citing IDC. The agreement was signed as partContinue Reading
The Corporate Affairs Commission (CAC) says its Artificial Intelligence (AI) business registration portal now processes over 11,000 transactions daily, despite some ongoing challenges. In a statement on Sunday, CAC management said it was working to address identity verification and payment difficulties affecting smooth portal operations. Launched on June 30, theContinue Reading
By our Correspondent The Nigerian Communications Commission has announced a new licensing framework designed to foster innovation and expand opportunities for startups and technology-driven enterprises within the telecommunications sector. The Executive Vice Chairman of the NCC, Dr. Aminu Maida, disclosed this in a speech delivered on his behalf byContinue Reading
By Lawal Sale World leaders, mostly from the countries of the Global South, are converging in Kazan city of Tatarstan Republic in Russian Federation for the 16th BRICS Summit from October 22 – 24, 2024. Russian President Vladimir Putin, who took over the chairmanship of the BRICS bloc beginning fromContinue Reading
By – Lawal Sale Chinese President Xi Jinping on Wednesday sent a message of condolence to Nigerian President Bola Tinubu over the death of former Nigerian President Muhammadu Buhari. On behalf of the Chinese government and people, Xi expressed deep condolences and extended sincere sympathy to the family of Buhari,Continue Reading
