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 […]
TotalEnergies has decided to transfer its French-speaking customer service operations from Belgium to Morocco by end of 2025 within the frame of its delocalisation strategy to keep up with growing global business competition. The giant energy company has also informed the Liège-based call centre Ikanbi, Belgium, that it will not renew its contract set to […]
Russia and Mozambique reaffirmed their longstanding defense partnership during a diplomatic visit to Moscow by Mozambican Foreign Minister Maria Manuela dos Santos Lucas. The talks with Russian Foreign Minister Sergey Lavrov highlighted both countries’ commitment to strengthening military cooperation and expanding economic ties, particularly in the energy sector. Lavrov pledged continued Russian support for enhancing […]
South Korea’s Samsung Heavy Industries (SHI) has signed a landmark $637 million deal to build a floating liquefied natural gas (FLNG) facility for a European client operating in Mozambique, reinforcing Africa’s rising profile in global energy markets. The state-of-the-art Coral Norte FLNG platform, to be constructed offshore, will liquefy, store, and export natural gas directly […]
French prosecutors have launched a judicial investigation into TotalEnergies, accusing the oil giant of involuntary manslaughter and failing to assist people in danger during a brutal jihadist attack in Mozambique’s Palma region in March 2021. The attack, carried out by Islamist militants linked to ISIS, left over 1,400 people dead or missing, including 55 subcontractors […]
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, […]
French energy giant Totalenergies divested from its offshore gas operations in South Africa due to the lack of a gas market in the country. There was no South African market to be able to monetize any gas found, said CEO Patrick Pouyanne after the French company reported its third quarter results. The move by Totalenergies […]
Senegal joins other African countries like Nigeria or Namibia that have struggled to manage their oil and gas resources discovered in recent years for the real benefit of the people, including by improving the energy situation at home. The oil and gas finds in Africa have rarely lived up to their promise, often doing more […]
French energy giant TotalEnergies has unveiled a $6 billion investment plan spread across several years in Nigeria, just as the West African country is looking to cut down on red tape hindering investment in its oil and gas sector. Through this announcement, TotalEnergies has reiterated its commitment to investing in Nigeria’s oil and energy sector, […]
The Xlinks Morocco-UK power project is gaining momentum as French oil giant TotalEnergies has injected £20 million in the ambitious green project, joining fellow investors Octopus Energy and Abu Dhabi National Energy Company (TAQA). The French supermajor has decided to back the Morocco-UK project after withdrawing from Algeria due to endless hurdles to investors and […]