First Independent Mena Newspaper
Africa’s mergers and acquisitions (M&A) activity fell sharply in the first half of 2025, with deal volumes declining by 21% and total values down 16% compared to the same period last year. According to a new report by DealMakers Africa, foreign investors are retreating from the continent due to global interest rate hikes, a strong […]
A BBC investigation reveals troubling allegations that Shell overlooked repeated warnings about corruption and mismanagement in Nigeria’s billion-dollar Ogoniland oil clean-up project. The program, initiated eight years ago and funded by various oil firms including Shell’s $350 million contribution, faces accusations of widespread fraud and ineffectiveness. Internal documents suggest both Shell and Nigerian government officials […]
In a blow to Namibia’s efforts to become a crude producer, the British energy giant Shell has announced a $400 million write-down related to an offshore oil discovery in the southern African nation, citing concerns about the project’s commercial viability, There have been several oil explorations by major oil conglomerates in Namibia in recent years, […]
Shell said it will ditch its downstream business in South Africa by divesting its shares in a local company, ending 120 years of operations there. “Shell has decided to reshape the downstream portfolio and intends to divest our shareholding in Shell Downstream SA (SDSA). Considering SDSA’s illustrious history, this decision was not taken lightly,” the […]
The past few days have been full of news for Nigeria’s resources sector: It was announced that Nigeria Agenda 2050 requires approximately $100 billion, with 80% expected from the private sector; Shell is set to divest its Nigerian onshore oil and gas subsidiary for $1.3 billion; and the West African country will see the launch […]
Morocco’s electricity and water utility ONEE signed a deal to buy from Shell 0.5 billion cubic meters of liquified natural gas (LNG) over 12 years in a push to increase the share of natural gas in its energy mix, Morocco’s ministry of energy transition said. In the first years, the LNG will be supplied via […]
The UK’s Supreme Court has ruled that it was too late for a group of Nigerian claimants to sue two Shell subsidiaries over a 2011 spill off the coast of Nigeria’s Niger Delta. The legal case, launched by residents of Nigeria’s oil-producing Niger Delta, is one of a series of legal battles Shell has been […]
Namibia has made its third light oil discovery 270 km off its coast in the Orange Basin, though experts say the southern African country will only reap the rewards of these discoveries in a few years. The drilling process in the Orange Basin started in December 2022 and was successfully finished in recent days, according […]
Shell will pay 15 million euros in compensation to Nigerian farmers for oil spills that severely polluted three villages in the Niger Delta, the oil giant has said in a statement. A court in The Netherlands ruled in 2021 that Shell’s Nigerian subsidiary was liable for damages resulting from the spills and ordered the oil […]
The acquisition of Nigeria-based Daystar Power by Shell is significant for the UK-headquartered oil giant, which has long been active in the continent’s hydrocarbons market, as it must look for new sources of growth as fossil fuels are phased out. Shell has acquired Daystar Power, a Nigeria-based provider of hybrid solar power solutions to commercial […]