First Independent Mena Newspaper
US hydrocarbon exploration firm, Vaalco Energy, will start an offshore drilling campaign next month as Gabon works to increase its crude oil production by 50 percent by 2020/2021. The start of the drilling campaign follows a successful full-field maintenance shut down at four of Vaalco’s platforms in the Central African nation The five-well drilling campaign […]
Japanese Prime Minister Shinzo Abe on Wednesday said his country will offer enhanced trade insurance to boost private sector investment in Africa. Abe made the statement at the opening ceremony of the Tokyo International Conference on African Development opened in Yokohama on Wednesday. The meeting attended by a few dozen African leaders and representatives of […]
Over twenty African leaders are participating in the seventh edition of the Tokyo International Conference for African Development (TICAD) summit that opened proceedings Wednesday in Yokohama, Japan. The summit, held under the topic “Advancing Africa’s Development through People, Technology and Innovation” is attended by more than 4,500 delegates. Morocco is represented at the event by […]
Noble Energy has made a new discovery in Block 1 offshore Equatorial Guinea, with the US company expecting to produce new oil by October, the oil minister said on Tuesday. According to Gabriel Obiang Lima, minister of hydrocarbons and mines, the government is excited to announce the discovery, “which could not have come at […]
The G7 leaders have approved about $251 million in support of the African Development Bank’s AFAWA initiative to back women entrepreneurs in Africa. French President Emmanuel Macron, as the current G7 president, made the announcement to reporters on Monday. He said the AFAWA initiative, comes from an African organization, the African Development Bank, which […]
Blazes burning in the Amazon over the last weeks have prompted a global outcry. However, according to satellite data released by NASA about fires around the world, the central Africa region is the most affected region. Over a period of two days last week, Angola had roughly three times more fires than Brazil, according to […]
Kenya is set to benefit from at least 50,000 new jobs in the maritime sector over the medium term as a direct result of its entry into the league of oil-exporting countries. The East African nation on Monday exported its first batch of oil as President Uhuru Kenyatta flagged off the crude shipment from the […]
Sudan’s new prime minister said the East African nation needs about $8 billion in foreign aid over the next two years to cover its import bill and help rebuild the country’s economy, ravaged by months of political turmoil. Prime Minister Abdalla Hamdok’s appointment as prime minister signals the new Sudanese leadership’s intention to address a […]
Morocco Sunday retained its 3rd place in the overall ranking of the 12th African Games, generally regarded as Africa’s version of the Olympic Games, with 41 medals including 13 gold 11 silver and 17 bronze. At the competitions of the 7th day played Sunday, Morocco earned an extra bronze medal in weightlifting in the […]
Sudan’s new prime minister, Abdalla Hamdok, was sworn in on Wednesday as leader of a transitional government at the presidential palace in Khartoum, state news agency SUNA said. Earlier on Wednesday, General Abdel Fattah al-Burhan, was sworn in as head of the 11-member Sovereign Council, which replaces the now-defunct Transitional Military Council. The new […]