Mauritania-Chen-Gonglai

Mozambique: Court sends ex-president’s son, 10 accomplices, to prison for corruption

A court in Mozambique has sentenced the son of a former president, two ex-spy bosses, and eight others to years in prison for their part in a corruption scandal which saw hundreds of millions of dollars in government-backed loans disappear, crashing the southern African nation’s economy. Nineteen people, including state security officials, went on trial […]

Transparency: Uganda joins EITI to attract local, foreign investment

Uganda has joined the Extractive Industries Transparency Initiative (EITI) in order to subject its oil industry to scrutiny and promote accountable management of revenues. Uganda discovered crude reserves more than 10 years ago but production has been repeatedly delayed by disagreements with field operators over taxes and development strategy. According to Uganda’s Minister for Finance, […]

New gas discovery boosts Mauritania and Senegal production potential

Gas production potential bodes well for both Mauritania and Senegal after 30 meters of net gas pay was found in the greater Tortue Ahmeyim offshore project on the border between the two West African nations. The finding was made by Dallas-based operator Kosmos Energy, which has a joint-venture with BP in the area as well […]