African National Oil Companies (NOC) Drive Exploration and Production Through IOC Collaboration
Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, NOCs are emerging as strong partners for foreign firms. Boosting Production Major oil producers
UN Deputy Representative Commends UPDF Troops in Somalia for Strengthening Confidence and National Reputation
UN Deputy Representative Commends UPDF Troops in Somalia for Strengthening Confidence and National Reputation The Deputy Special Representative of the United Nations Secretary-General for Somalia, Raisedon Zenenga, has praised the Uganda Peoples’ Defence Forces (UPDF) troops serving under the United Nations Guard Unit (UNGU X) in Somalia for their professionalism
African Leaders Unite to Mobilise African Investment and Financing for Implementing Agenda 2063
Discussions centered on innovative strategies for mobilizing African capital, strengthening financial institutions, and leveraging the role of African Multilateral Financial Institutions (AMFIs) in financing critical development sectors On the sidelines of the 38th Ordinary Session of the Assembly of the African Union Summit in Addis Ababa, Ethiopia, African Heads of State,
Five cardinals set to succeed Pope Francis
While Pope Francis remains hospitalised with double pneumonia, many are asking who might lead the Vatican and Catholic Church in the future. The 88-year-old pontiff showed the onset of bilateral pneumonia – meaning it is present in both his lungs – as his condition continues to present a complex
Scottish Africa Business Association Embarks on Pioneering Trade Mission to Kenya
The Scottish Africa Business Association (SABA) is excited to announce a trade mission to Kenya to explore new business opportunities for Scottish companies and institutions, supported by the Scottish Government. This mission will take place from May 12- 16, and will focus on key sectors that promise mutual growth and
African leaders discuss obstacles to the continent’s economic integration
On the sidelines of the 38th African Union Summit, African leaders discussed obstacles to the continent’s economic integration, underscoring visa-free movement to reduce illegal migration and strengthen official travel channels. The high-level dialogue, convened by the African Development Bank Group and the African Union Commission alongside the AU Summit, brought
How Djibouti’s Mahamoud Ali Youssouf beat Odinga to win AUC Chair seat?
Kenya’s candidate for the African Union Commission (AUC) Chairperson position, Raila Odinga, has lost in the election held in Addis Ababa, Ethiopia. Although Raila won the first two rounds of voting, Djibouti’s Mahamoud Ali Youssouf triumphed in the subsequent rounds, securing the Chairperson seat. In the first round, Raila received
AFC and CEXIM Strengthen Partnership to Drive Trade and Infrastructure Growth Across Africa
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to deepen collaboration in financing strategic infrastructure and trade projects across Africa. The agreement builds upon an existing relationship between the two institutions, dating back to 2018,
