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Editorial Staff

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Kenya loses $7bn due to political uncertainty – local investors

KENYA’S local investors say the country has lost nearly $7bn in the last four months due to political uncertainty associated with electioneering. The Kenya Private...

Ethiopia to outshine Egypt, South Africa in competition for investment

ACCORDING to the new Africa Risk-Reward Index by Control Risks in co-operation with Oxford Economics, Ethiopia and Kenya might soon outshine Egypt, Nigeria and...

Sudan warms up to removal of sanctions

THE Sudanese government appears to be warming up to the idea of becoming part of the international community once again following America’s removal of...

Will Mauritania withstand ECOWAS scrutiny?

WHILE Morocco and Tunisia, members of the dormant Arab Maghreb Union (UMA), have made moves to become members of the Economic Community of West...

Nigeria to ramp up coal production for electricity generation

THE Nigerian government is moving full steam ahead to ramp up coal production to deal with erratic power supply in the country. The plan...

Angola’s Lourenco orders review of oil and mining sectors

ANGOLA’S new president has ordered a 30-day review of the nation’s oil industry to address the ‘significant’ challenges it faces, his first foray into...

Kosmos takes Hess assets off Equatorial Guinea

KOSMOS Energy has entered Equatorial Guinea with a splash by acquiring Hess' 85 percent stake in two long-producing oil fields for $650 million, as...

Ethiopia, Sudan agree on benefits of mega dam project

ETHIOPIA and Sudan agree on the benefits of a 6,450 MW hydro-power dam project Ethiopia is building on Blue Nile river, an official has...

Tullow acquires stake in Cote d’Ivoire Blocks

UK’s Tullow Oil  has acquired a 90 percent stake in four onshore blocks in Cote d’Ivoire, with the remaining 10 percent held by Petroci,...

Ophir to explore new E. Guinea oil and gas acreage

EQUATORIAL Guinea’s Ministry of Mines and Hydrocarbons, Ophir Energy and national oil company GEPetrol have signed a memorandum of understanding ahead of a new...