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Oil & Gas: ENI announces Angola’s largest offshore discovery

Italian oil and gas giant Eni has found more oil in offshore Angola after a drilling campaign completed last week. The Agogo discovery is believed to hold 450-650 million barrels of light oil in place with further upside, ENI said in a statement. According to the oil giant, the prospect in Angola’s deep waters has […]

AfDB, World Bank commit more funds for renewable energies in Africa

The African Development Bank (AfDB) will soon launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy, the bank’s president Akinwumi A. Adesina said. Speaking at the One Planet Summit in Nairobi, Adesina said that the Bank would commit at least US$25 billion towards climate finance. In his words, the […]

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Algeria signs $1,03 billion deal to develop Ain Tsila gas field

UAE-based Petrofac International LLC and operating joint venture Groupement Isarene have signed engineering, procurement, and construction (EPC) contract to develop a gas field, located in the Illizi basin in Algeria. Ain Tsila gas field was discovered in 2012 and developed by Petroceltic International. Located around 1,100 km south-east of Algiers, Ain Tsila gas fields will […]

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Maroc Telecom to Acquire Chad’s 1st Mobile Operator

Morocco’s telecom giant Maroc Telecom continues its international development focusing on its expansion in Africa wherein the company is present in several African countries. It signed on Thursday an agreement with international telecommunications & media company Millicom to acquire 100 pc of the shares of its subsidiary Tigo Chad, 1st mobile operator in Chad. The […]

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Guinea Bissau to drill first-ever deep-water well offshore

Well management specialist Exceed has secured a $4 million contract from Swedish operator Svenska Petroleum Exploration to drill the first deep-water well off the Coast of Guinea Bissau. The year-long contract will allow Exceed, assisted by Svenska, to execute the well, along with front-end engineering planning, management for health safety and environment and logistical support. […]

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Fuel consumption drops by over 20% after price hike in Zimbabwe

In Zimbabawe, fuel consumption has declined by 35 million liters following the January fuel price hike announced by President Emmerson Mnangagwa. According to the Governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, the fuel consumption has dropped from 165 million liters of fuel per month to 130 million liters per month. In his […]

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South Africa: study shows decentralized renewable energy can improve the grid

A new study commissioned by the South African Wind Energy Association (SAWEA) indicates there are huge opportunities for corporates and municipalities to go for affordable and low carbon electricity. The report, launched during a Conference in Cape Town, examines 14 different scenarios in five different South African municipalities. According to the report, the South African […]

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Washington lauds Rabat for repatriating eight citizens held in war-torn Syria

The US State Department Sunday welcomed Morocco’s move to repatriate eight Moroccan citizens held in Syria by the Syrian Democratic Forces (SDF), a US-Backed Kurdish-Arab Alliance. “Repatriating foreign terrorists to their countries of origin is the best solution to prevent them from returning to the battlefield,” said Robert Palladino, State Department deputy spokesman in a […]

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Qatar Airways expands operations with Doha-Rabat route

Qatar’s national flagship carrier has announced the launch late May of a new route to Morocco, connecting Doha to Rabat, in addition to already existing operations in Casablanca and Marrakech Qatar Airways made the announcement at world’s largest tourism gathering, ITB, in Berlin on Wednesday as it unveiled seven new destinations. Scheduled to start on […]

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Liberia to connect 102.000 households to the electricity grid

In Liberia, about 102,000 households will soon be connected to the national grid to increase reliable access to affordable electricity throughout the West African nation, Liberia News Agency (LINA) reported. This initiative will include the Monrovia Consolidation, Kakata Corridor and the Monrovia-Bomi Corridor, the state-run news agency said quoting Information Manager at the Public Affairs […]

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