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Congo Brazzaville: At least 37 dead in stampede during army recruitment

As many as 37 died Tuesday November 21 at Michel-Ornano Stadium in Brazzaville on the eve of a recruitment process by the Army, Congolese authorities have announced. Thousands of youths in capital Brazzaville reportedly invaded the Stadium on Monday night to find a seat for the recruitment process organized by the Army for the following […]

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 […]

Moroccan Attijariwafa Bank, Japanese Sumitomo Corporation Team up for Africa’s Development

The Moroccan banking group, Attijariwafa bank, and the Sumitomo Corporation Europe Limited, one of the branches of the Japanese giant, have signed recently a memorandum of understanding, under which they agreed to establish a long-term partnership for the implementation of major development projects in Africa. The memorandum seeks to promote cooperation between the two groups […]