February 2025 - Page 81 of 137

Bluewater to Sell Apex International Energy, Highlighting Full-Cycle Private Equity (PE) Investment Model in Africa’s Oil and Gas Sector

Private equity is playing an increasingly pivotal role in Africa’s energy sector, driving growth and innovation in the continent’s oil and gas markets. This week, specialist energy private equity firm Bluewater announced the sale of Apex International Energy – transformed under its stewardship into a leading player in Egypt’s energy market – to a subsidiary of Hong Kong-listed United Energy Group. The transaction underscores the full-cycle nature of private equity […]

13 February, 2025

Business / Economics

Oranjemund Dialogue Highlights Offshore Oil Risks and Community Rights

The Legal Assistance Centre hosted a Community Dialogue in Oranjemund on the Environmental and Social Impact Assessment for Block 2914A, raising concerns over offshore oil exploration risks. In a statement, the LAC's Corrinna Van Wyk says experts criticized the ESIA for outdated biodiversity data and weak oil spill response plans. Participants expressed frustration over the lack of public consultation, despite legal rights under the Environmental Management Act . A South […]

13 February, 2025

World

Trump talks with Putin and Zelenskyy

US President Donald Trump has spoken with the leaders of both Russia and Ukraine, pledging to start negotiations to end their war "immediately." Wednesday's call with Vladimir Putin was the first known conversation between the two men since President Trump re-took the Oval Office last month. Benji Hyer reports.

13 February, 2025

Business / Economics

Weekly Economics Wrap 6-13 February 2025: Key Developments in Global and Regional Markets

Namibia: Interest Rate Cut and Oil & Gas Capacity Building The Bank of Namibia has lowered its key interest rate for the fourth consecutive monetary policy meeting, aiming to support economic growth amid stable inflation projections. On Wednesday, the central bank cut the repo rate by 25 basis points to 6.75%, following similar reductions in its last three policy decisions. The move is expected to provide relief to borrowers while […]

13 February, 2025

Dr. Sam Nujoma

Swapo Congress Plans Remain Unchanged reports One Africa TV

Swapo deputy secretary-general Uahekua Herunga has confirmed that arrangements for the party’s extraordinary congress on February 28 remain unchanged ahead of the politburo meeting tonight. The central committee is set to convene on Saturday following the politburo discussions. NewsOnOne from Africa TV journalist Envaalde Matheus compiled this report. The analyst went on to credit Nujoma for the liberation struggle Namibia endured under Apartheid South Africa: Catch last nights full bulletin […]

13 February, 2025

South Africa

S.A’s ACDP leader Kenneth Meshoe says unemployment remains too high

S.A's ACDP leader Kenneth Meshoe says unemployment remains too high, with many qualified doctors struggling to find work. He warns losing the African Growth and Opportunity Act could have serious economic consequences for South Africa. President Cyril Ramaphosa’s state of the nation address was under scrutiny for a second day yesterday. Debating the address, Meshoe said the ACDP supports sending a delegation to the United States to engage with the […]

13 February, 2025

Africa

AU Summit Focuses on Conflict Resolution and Self-Reliance

The 38th African Union Summit has commenced in Addis Ababa, Ethiopia, bringing together leaders from all 55 member states. Key discussions will address ongoing conflicts across the continent and strategies to reduce dependence on foreign aid, especially in light of US funding cuts and its withdrawal from the World Health Organization. Additionally, the summit will see the election of a new AU chairperson, with Kenya’s Raila Odinga, Djibouti’s Mahmoud Ali […]

13 February, 2025

Business / Economics

Oil giant Chevron slashing up to 20% of its global workforce

Mass layoffs coming to Chevron. The oil major says it's slashing up to 20% of its global workforce as part of a cost-cutting effort. It's the last oil and gas company to cut headcount among lower prices. Toni Waterman has more.

13 February, 2025

South Africa

In South Africa, EFF Tells Ramaphosa To Focus on Phala Phala, Not Empty Promises

South Africa's EFF has called on president Cyril Ramaphosa to focus on his Phala Phala farm in Limpopo instead of making empty promises. Debating the state of the nation address, the party’s Omphile Maotwe argued urgent steps such as expropriating land without compensation and nationalising the South African Reserve Bank are needed:

13 February, 2025