Month: August 2024

 Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from Italian multinational Eni. As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) endorses this groundbreaking acquisition, which underscores the growing role of local exploration companies in revitalizing Nigeria and Africa’s upstream landscape. The $783-million transaction sees Oando’s participating interests in Oil […]

 Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts. The project in Akwa Ibom, Nigeria, targets producing an initial 1.8 million tonnes per annum (MTPA) of methanol, […]

 Thirty young men and women from across Libya joined UNSMIL disarmament, demobilization and reintegration (DDR) experts on Thursday to share their ideas and recommendations on how to implement a DDR process in Libya based on international standards. The group continually raised the impact of political and security instability on youth in Libya and stressed that there needed to be dialogue between different actors, armed groups, and a unified legal, security […]

 The Directorate of Financial Reporting&Grants, under the Department of Internal Services of the ECOWAS Commission, organized an Inter-Offices Working Session from August 19th to 23rd, 2024, in Abuja, Nigeria. This session brings together financial services staff from ECOWAS Representative Offices across the region. The primary objective of the meeting is to conduct inter-office reconciliations, clear long-standing advances, and update the financial books and records of the Offices. This critical working […]

 President Cyril Ramaphosa has assigned shareholder responsibility for each of the state-owned enterprises that previously fell under the Department of Public Enterprises to the respective line-function Ministries. President Ramaphosa has signed proclamations which, in terms of Section 97 of the Constitution of the Republic of South Africa of 1996, transfer the administration, powers and functions entrusted by the specified legislation as follows: -    Alexkor: Minister of Mineral and Petroleum Resources […]

 President Joseph Nyuma Boakai, Sr., delivered a compelling Keynote address highlighting Liberia’s investment potential at the 124th National Black Business Conference in Atlanta, Georgia on August 23, 2024. The President’s message focused on the vast opportunities for investors, particularly businesses, to leverage Liberia's natural wealth. He highlighted the country's fertile land and favorable climate, offering significant potential for agricultural investments, especially in rice production. With a substantial portion of Liberia's […]

 On August 20, 2024, the Indonesian Embassy in Tripoli, in collaboration with the Audit Board of Indonesia (BPK), held a virtual meeting with the Libyan Audit Bureau to discuss cooperation in the management of state finances. This meeting aimed to strengthen collaboration between the two institutions in enhancing the accountability of public financial management. This collaboration is expected to reinforce the integrity and cooperation of audit institutions in both countries, […]

 Amid the gradually improving and conducive situation in Libya, on August 15, 2024, at the Old City area of Tripoli, Libya, the Indonesian Embassy in Tripoli, supported by the Indonesian Student Association in Libya (KKMI Libya), conducted a cultural and culinary promotion of Indonesia at the International Cultural and Food Event (Kojina Al Madina) by showcasing four types of food, including: Fried Rice Chicken Satay Rendang Shredded Cucumber Ice The […]

 This September, Canon (www.Canon-CNA.com) will be championing the work of photojournalists for the 35th consecutive year, as part of its decades-long partnership with Visa pour l’Image. During the festival’s Pro Week (September 2-7), held in Perpignan in the south of France, Canon will honour the craft of documentary storytelling, awarding two project grants and providing a cohort of 25 young emerging talent with access to the festival through the brand’s […]