Nigeria seeks investors to develop 12 onshore and offshore oil blocks as it seeks to tap into its 37.5 billion barrels of crude. “Nigeria is committed to conducting the licensing round in a fair, competitive and transparent manner and ensuring a level playing field for both indigenous and international investors,” said Gbenga Komolafe, head of […]
Saudi billionaire Mohammed al-Amoudi who has assets in Morocco and Ethiopia has been released from detention in the Saudi kingdom where he had been held since Nov. 2017 as part of the controversial crackdown on corruption. Ethiopian Prime Minister confirmed on Twitter Sunday the Ethiopian-born billionaire and businessman has been released. “We wish Mohammed al-Amoudi […]
Jean Louis Borloo, France’s former energy minister hopes to raise $3 billion from Western donors by next year to help cash-strapped African nations fund renewable energy projects, in a bid to tackle pollution and spur development. According to Jean Louis Borloo, his project to bring energy to 600 million Africans already had commitments from Western […]
