Month: February 2025

 Our module being a developing nation as we are is to ‘Drill Baby Drill’ and maximize the exploration and production of oil and gas to catalyze industrialization and economic growth. This was the key message delivered by Florival Mucave, Chairman of the Mozambique Energy Chamber, during the Invest in African Energies: Mozambique Roundtable held in partnership with the African Energy Chamber (AEC) in Maputo on Thursday. In his opening remarks, […]

 Africa’s oil and gas sector continues to draw interest from international oil companies (IOCs) through well-structured Production Sharing Contracts (PSCs) and strategic farm-in agreements. Last week, US major Chevron completed a farm-in agreement with Custos Energy for PEL 82 in the Walvis Basin offshore Namibia. Under this transaction, Chevron acquired an 80% participating interest and operatorship, while Custos and the National Petroleum Company of Namibia each retained a 10% interest. […]

 Saudi Export-Import Bank (Saudi EXIM) and The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) have signed an Implementation Agreement for $5 million line of financing in favor of Alizz Islamic Bank in the Sultanate of Oman, under the “KSA SMEs Export Empowerment Program”. The agreement aims to enhance the access of Saudi non-oil exports to Omani markets, promote export opportunities for the SMEs sector in the Kingdom, and attract Omani […]

 Sunbeth Global Concepts (www.Sunbeth.net) was a proud gold sponsor, exhibitor, and panellist at Chocoa 2025, the leading marketplace for high-quality, sustainable cocoa and chocolate. The event was part of Amsterdam Cocoa Week, held from 4 to 9 February 2025. SGC is a significant contributor to Nigeria’s cocoa industry, which is the fourth largest globally. It originates approximately 35,000 metric tonnes of cocoa beans annually and collaborates with over 3000 local […]

 In 2025, South Africa will hold the rotating presidency of the G20. Given its position as Africa’s most industrialized nation and an energy hub, South Africa’s leadership could play a pivotal role in attracting investment to the continent’s energy sector. By leveraging its G20 platform, South Africa can push for increased funding from global partners, particularly for natural gas projects, which are critical for Africa’s energy security and economic development. […]

 The share of Africans going without basic life necessities on a frequent basis continues to increase, the latest Afrobarometer (www.Afrobarometer.org) Pan-Africa Profile (https://apo-opa.co/40YwUp7) shows. The proportion living under severe material deprivation has risen to its highest average level of the past 25 years. Most countries surveyed by Afrobarometer have lost the gains in poverty reduction they achieved in the first decade and a half of the 21st century. The report, based […]

 The African Commission on Human and Peoples’ Rights should take urgent action to stop the Malian junta’s crackdown on the political opposition and dissent, Human Rights Watch said today in a letter to African Union officials. The Commission should give immediate attention to the cases of several political figures who are or were presumed forcibly disappeared by the Malian authorities or have been detained for politically motivated reasons.  “The Commission should request an invitation from […]