Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
Every naira, shilling and cedi spent at the pump is tied to decisions made thousands of kilometres away. Oil prices retreat on Thursday as investors weigh the oil supply outlook against fresh Middle East tensions, and African drivers, traders and finance ministers are watching closely. Brent crude slipped more than $1 in early trade to […]
Israel and the United Arab Emirates have reached a deal to normalise relations, with Israel agreeing to suspend its controversial plans to annex parts of the occupied West Bank. In a surprise declaration via US President Donald Trump, who helped broker it, the international locations known as the accord “historic” and a breakthrough toward peace. […]
Africa’s largest telecommunications network, MTN, is going through fresh allegations from US regulation association Sparacino PLLC following its choice to exit its Middle East portfolio in the next three to 5 years. Sparacino, which has represented the households of lots of Americans killed and injured in Afghanistan, accused MTN of prolonging its disinvestment from the […]