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 […]
Sub-Saharan Africa is expected to go into recession this year due to the coronavirus pandemic. This is according to a World Bank assessment of the impact of covid-19 in this part of the continent. GDPs are expected to fall in Nigeria, Angola and South Africa, the three largest economies in sub-Saharan Africa. World Bank chief […]