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investment

DRC and China renegotiate mining ‘contract of the century’, thus averting relationship rift

February 5, 2024 Geraldine Boechat 0

The Democratic Republic of Congo (DRC) government has noted it had finally resolved the 16-year dispute over a controversial mining deal between it and China […]

TotalEnergies ready to invest six billion dollars in Nigeria

December 20, 2023 Steven Addamah 0

TotalEnergies CEO Patrick Pouyanné met Nigerian President Bola Ahmed Tinubu on Monday. The French giant said it was ready to invest “six billion dollars over […]

Angola inaugurates second phase of 39ME gas project in Soyo

December 15, 2023 Geraldine Boechat 0

Sonangol inaugurated Thursday December 14 the second phase of the Falcão project, an investment of 42.8 million dollars (38.9 million euros) that will supply gas […]

Angola plans to invest 16.3 billion euros to electrify half the country by 2027

October 27, 2023 Geraldine Boechat 0

Angola plans to reach an installed capacity of 8,000 megawatts and an electrification rate of 50% by 2027, which will require an investment of 17.2 […]

Tanzania pays $30 million to Winshear to settle dispute

October 17, 2023 Steven Addamah 0

Winshear Gold Corp reports that it has successfully concluded the settlement agreement with the United Republic of Tanzania (“Tanzania”) (collectively the “Parties”) in relation to […]

President of Mozambique calls for Vietnamese investment in the country

September 13, 2023 Steven Addamah 0

President of Mozambique Filipe Nyusi received the Vice President of Vietnam, Võ T. Ánh Xuân, as part of his four-day working visit to Mozambique, “to […]

Mali’s junta adopts new mining law to boost state revenues

August 30, 2023 Geraldine Boechat 0

Mali has adopted a new mining code allowing the military-led government to increase ownership up to a 30% stake in new mineral projects and collect […]

Togolese State acquires minority stakes in Lome-based ASKY

August 22, 2023 Geraldine Boechat 0

The government of Togo acquired on Monday 14.39% stakes of Ethiopian Airlines-backed airline Asky operating from the Togolese capital Lome for a total investment of […]

Oil companies have invested more than €1.8 billion in prospecting in Mozambique since 2006

August 22, 2023 Steven Addamah 0

Since 2006, oil companies in Mozambique have invested more than 1.8 billion euros in hydrocarbon exploration projects that are awaiting development plans or final investment […]

Foreign investment in Mozambique fell 66.8% in the first quarter

August 16, 2023 Steven Addamah 0

Foreign Direct Investment in Mozambique fell 66.8% in the first quarter, compared to 2022, to US$460.1 million (€417.3 million), led by South Africa, according to […]

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