Month: June 2024

[[{"value":"The Republic of the Congo has a goal of increasing hydrocarbon production to 500,000 barrels per day (bpd) and projects such as Wing Wah Oil Company’s Bango Kayo development will serve as catalysts for meeting this objective. The project is a strong example for how integration and scalability can be utilized to not only monetize resources but maximize production beyond the lifecycle of initially-tied in blocks. The African Energy Chamber […]

[[{"value":"The 4th Meeting of the Arab-Africa Trade Bridges (AATB) Board of Governors (BoG) alongside the 11th Meeting of the AATB Executive Committee (EC) will take place on July 1-2, 2024, in Tunis, Republic of Tunisia. In addition, AATB will be a strategic partner and sponsor the Tunisia Africa Business Meetings (TABM) 2024. This significant event, held in collaboration with the Government of Tunisia, aims to strengthen economic cooperation and enhance […]

[[{"value":"The Board of Directors of the African Development Fund has approved an additional $10 million from the Global Agriculture and Food Security Program (GAFSP) to implement activities and scale up the impact of the Smallholder Agriculture Development for Food and Nutrition Security project in Liberia. The project aims to improve food and nutrition security and reduce poverty of targeted rural populations in Liberia by increasing agricultural production and productivity of […]

[[{"value":"The decision by South Africa’s highest court to refuse the Minister of Home Affairs’ leave to an appeal, cements a landmark ruling for The Helen Suzman Foundatoin (HSF), represented by DLA Piper (https://www.DLAPiper.com), that successfully challenged the decision to terminate the Zimbabwean Exemption Permit Regime (ZEP). The Constitutional Court of South Africa refused the Minister of Home Affairs’ application for leave to appeal in the ZEP case, bringing to a […]

[[{"value":"The African Development Bank’s (www.AfDB.org) investments in The Gambia’s energy sector have significantly improved access to affordable and reliable electricity, with at least 70% of Gambians projected to have power by the end of 2024 (50% in rural areas), according to a recent Bank country progress report. Notable projects include an interconnection with Senegal, which provides 50 megawatts of power to augment the Gambia’s bulk supply system. The report,  approved […]

[[{"value":"Multinational energy corporation Chevron (apo-opa.co/4bdXTAl) and Equatorial Guinea’s state-owned oil company GEPetrol (apo-opa.co/4evFXUB) have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11 in Equatorial Guinea- representing a $2 billion investment. Situated in close proximity to producing Block B which houses the Zafiro field, the blocks are considered to be highly-prospective and are poised to play a major part in revitalizing exploration and production offshore Equatorial Guinea. As the […]

[[{"value":"The second day of African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) Annual Meetings (AAM 2024) that took place in The Bahamas from June 12 - 15 featured a highly informative Roundtable focusing on Factoring and Receivables Finance. This Roundtable brought together industry leaders, experts and stakeholders from Africa, the Caribbean Community (CARICOM) and beyond, to explore the multifaceted aspects of factoring and its implications for regional development, particularly within the Caribbean region. […]