Forum

China’s Addax exits four Nigerian oil blocks as NNPCL inks asset transfer agreement

Sinopec’s Addax Petroleum Development (Nigeria) Ltd has exited four Nigeria oil blocks OMLs 123/124, 126/137 as the Nigerian National Petroleum Company (NNPC) Ltd on Tuesday (1 October) signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA). Addax began operations in Nigeria in 1998 by signing Production Sharing Contracts (PSCs) with […]

Morocco takes over presidency of UfM Parliamentary Assembly

Morocco has officially taken, Wednesday in Strasbourg, the presidency of the Parliamentary Assembly of the Union for the Mediterranean (UfM). The handover of the presidency of this body to the speaker of the Moroccan House of Representatives, Rachid Talbi El Alami, took place during the meeting of the Mediterranean delegation chaired by European Parliament President, […]

Africa urged to unlock $4 trillion in domestic capital for infrastructure boom

The Africa Finance Corporation (AFC) has called on African governments to tap into over $4 trillion in untapped domestic capital to bridge the continent’s widening infrastructure gap. In its 2025 State of Africa’s Infrastructure report, the AFC emphasized that pension funds, sovereign wealth funds, commercial banks, and reserves collectively hold the capital needed to transform […]