China’s Addax Petroleum Development pulls out from four oil mining blocks in Nigeria
Nigeria’s Oil company, NNPC, has announced the exit of Sinopec’s Addax Petroleum Development (Nigeria) Ltd from its four major oil mining blocks in Nigeria and […]
Business
São Tomé and Príncipe, approves start of free trade zone project
The Free Trade Zone project in Malanza, Sao Tome, should start in January 2023, after the Sao Tome authorities approved on Tuesday the “master plan” […]
Angola: TotalEnergies invests $3 billion in oil exploration
French oil company TotalEnergies recently made available US$3 billion to be used in projects related to renewable energy in several locations around the country, as […]
São Tomé and Príncipe with no foreign exchange to buy essential goods on the international market
The government of Sao Tome and Principe says the net international reserve at the archipelago’s central bank is below the minimum required, i.e., it is […]
Angola devalues nationalization of Chinese stake in Catoca and highlights cooperation with China
The Angolan government yesterday devalued the nationalization of the share held by the Chinese LL International Holding BV (LLI) in the Catoca mine, the largest […]
S. Africa’s coal export to EU soared by 582.7% during 2022
As the world scrambles to secure energy supplies, South Africa has once again emerged as one of the leading exporters, as its coal exports to […]
Angola: government reaffirms promise to build surface metro in Luanda
The Angolan government Tuesday promised to materialize the interconnection of the Luanda and Benguela railways, aiming to connect the eastern part of the country and […]
Angolan company announces auction of 43 special diamond stones including a pink one
Empresa Nacional de Comercialização de Diamantes de Angola (SODIAM-EP) will auction 43 special diamond stones, including a 170.20-carat pink diamond, with viewing sessions taking place […]
Ghanaian shopkeepers close stores in face of record inflation
Shopkeepers in Accra, the capital of Ghana, closed stores Wednesday as part of a three-day protest against the soaring cost of living exacerbated since the […]
Ethiopia blocks the import of “non-essential” products
The Ethiopian government has banned banks from providing foreign currency to importers of some 40 products, including vehicles and alcohol, preventing them from being imported […]