Mali’s top Court upholds Appeal Court decision fining Moov Africa Malitel, Orange-Mali
Mali’s Supreme Court has confirmed a final decision demanding Moov Africa Malitel and Orange-Mali, two telecom companies, to pay up to $195 million to the […]
Business
China wants to continue financing Angola and highlights 25% increase in trade
The Chinese ambassador to Angola said on Monday that China was available to continue financing infrastructure and investing in the African country, also noting the […]
US court settlement confirms bribes in Angola’s oil sector
Dutch company Frank’s International will have to pay the US Treasury US$7.9 million (7.26 million euros) for participating in bribes in Angola between 2008 and […]
Kenmare Mining Company delivered 15,6 ME to the Mozambican Government
The Kenmare Company that exploits heavy sands in northern Mozambique has handed over $17.1 million (€15.6 million) to the government in contractual tributes during the […]
Angola’s Etu Energias wants to produce 50,000 barrels of oil per day by 2025
Etu Energias, Angola’s largest private oil company, plans to increase production to 50,000 barrels per day by 2025, following the purchase of blocks from Galp […]
Mozambican government goes to parliament to answer on State companies and central bank
The Mozambican government will go to parliament on Wednesday and Thursday to answer questions from members of parliament about the interventions in the state-owned companies […]
Cape Verde negotiates resumption of tourism project of 117 ME in Boa Vista
The promoters of the White Sands tourist resort, which in 2013 was expected to invest 117 million euros in the Cape Verdean island of Boa […]
Cape Verdean Oil Company led by Galp with record profits of 9.5 ME in 2022
Cape Verdean oil distributor Enacol, led by Portugal’s Galp, recorded historic profits of 9.5 million euros in 2022, double the previous figure, according to the […]
Angolan Minister of Mineral Resources encourages gold production with the creation of a refinery
The Angolan Minister of Mineral Resources, Oil and Gas said on Wednesday in Cabinda that he is counting on the Buco Zau gold project to […]
Cimpor begins pozzolan exploration in Cape Verde island within 18 months
Within 18 months, Cimpor will start a pozzolan exploration in a Cape Verdean island, with an investment of 3 million euros, and generate about 100 […]