Senegal: Kosmos Energy confirms large-scale gas find offshore

The US oil and gas exploration company, Kosmos Energy has confirmed a large-scale gas find at its Yakaar-2 appraisal well, offshore Senegal. In a statement released this week, Kosmos said the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in a similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing […]

Africa must accelerate pro-poor, inclusive recovery to boost economic growth

African countries should accelerate inclusive recovery efforts to boost economic growth to eliminate the impact of the shocks caused by Covid-19, the war in Ukraine and climate change, all of which have pushed more people into extreme poverty and have increased inequality worldwide, according to Antonio Pedro, the Executive Secretary of the United Nations Economic […]

EBRD Lends Egypt €205 Million for Rehabilitation of Cairo Metro

The European Bank for Reconstruction and Development (EBRD) has announced a €205 million loan to Egypt to help the transports authority rehabilitate Cairo Metro, the major means of public transport in the Egyptian capital. The funds will finance urgent works on Line 1 – the oldest of the Cairo underground lines – which remains the […]