Canadian oil and gas company Sintana Energy has signed a definitive agreement with Namibian firm Crown Energy for the acquisition of 67% of the issued and outstanding shares of Giraffe Energy Investments – owner of a 33% share in PEL 79 in Namibia’s Orange Basin. An 8% interest in Giraffe’s common equity is also set to be contributed towards a community trust, with the contribution facilitated by the Knowledge Katti Foundation.Representing the voice of the African energy sector, the African Energy Chamber (AEC) is encouraged to see yet another transaction within Namibia’s Orange Basin, and believes this to be a…
Author: Olamide Obayemi
In support of President Biden’s Digital Transformation with Africa Initiative and building on the U.S. Department of Commerce-wide Africa strategy, NBA Africa, on Wednesday, 24 April, 2024, announced the launch of “Triple-Double: NBA Africa Startup Accelerator,” a startup accelerator based on the continent focused on early-stage African startup companies.Triple-Double: NBA Africa Startup Accelerator will support Africa’s tech ecosystem and the next generation of African tech entrepreneurs by providing them with access to mentorship and capital that will help drive growth in the sports and creative industries.Operated by ALX Ventures, a leading technology incubator that provides the continent’s tech leaders with…
By Abimbola Ogunnaike In the early hours of Thursday, 25 April, 2024, the E54 Bridge of Murtala Muhammed International Airport Terminal One suffered a fire outbreak. Smoke was detected billowing from the E54 Bridge, leading electrical engineers to immediately cut off power to the airport’s E Wing. The Director of Public Affairs and Consumer Protection, Federal Airports Authority, FAAN, Mrs Obiageli Orah, confirmed the incident in a statement issued on Thursday, 25 April, 2024. According to Director, the fire was brought under control at 06:41 am, all flight operations in Terminal 1 of MMA have been diverted to the D…
By Abimbola Ogunnaike At least119 inmates have escaped from the Medium Security Custodial Centre, Suleja, in Niger State after a rainstorm wreaked havoc on a part of the facility late on Wednesday, 24 April, 2024 The Deputy Superintendent of Corrections Command Public Relations Officer, FCT Command, AS Duza, confirmed the development in a statement on Thursday, 25 April, 2024, “A heavy downpour that lasted for several hours on the night of Wednesday, 24 April 2024 has wreaked havoc on the Medium Security Custodial Centre, Suleja, Niger State, as well as surrounding buildings, destroying a part of the custodial facility, including…
Energy Invest: Namibia 2023 – the official investment report on Namibia’s oil, natural gas, power, mining and renewable energy sectors – was relaunched at the Namibian International Energy Conference on Wednesday, in the presence of Namibia’s leading energy authorities, regulators and companies. Endorsed by the Ministry of Mines and Energy and produced by Energy Capital & Power (ECP), the publication serves as the official publication on Namibia’s burgeoning energy sector, tracking its evolution into one of the most dynamic energy hotspots globally. Since the launch of the report at African Energy Week last October, Namibia has produced two more offshore discoveries…
By Abimbola Ogunnaike Definitely this is not the best of times for the embattled National Chairman of All progressive Congress (APC) Dr Abdullahi Ganduje, as scores of demonstrators on Thursday, 25 April 2024, stormed the national secretariat of the party in Abuja to demand his resignation from office. The latest development followed his recent suspension by a faction of his ward executives and the alleged bribery allegation levelled against him by the Kano State government. Chanting solidarity songs and displaying several banners that read, “Ganduje must resign” and “Return the APC chairmanship to North Central,” the protesters appealed to President Bola Tinubu…
By Abimbola Ogunnaike A mother and her child and one other person were reportedly electrocuted at Mowe Market in Obafemi-Owode Local Government Area of Ogun State. The incident, it was gathered happened on Monday, 22 April, 2024 following the restoration of power after Sunday, 21 April, 2024, downpour. The Chairman of the Local Government, Ambassador Adesina Ogunsola, during his visit to the market on Wednesday, 24 April, 2024, gave a seven-day notice to all the traders with shops and stalls under the high-tension powerline to vacate to forestall the recurrence of the tragic incident. An eyewitness said that the electric shock…
Africa Investment Advisor for Lusophone Africa and Pan-African Transactions at the U.S. International Development Finance Corporation (DFC) Jacob Flewelling is set to engage financiers and government delegates in investment advisory and business development during this year’s Angola Oil & Gas (AOG) 2024 conference and exhibition. In collaboration with the private sector, the DFC has invested more than $10 billion across sub-Saharan Africa. During the event – taking place October 2-3 in Luanda under the theme Driving Exploration and Development Towards Increased Production in Angola – Flewelling is expected to provide insight into the DFC’s project pipeline. AOG is the largest oil and…
The ECOWAS Court of Justice (CCJ) and the African Court on Human and Peoples’ Rights (AfCHPR) have pledged to strengthen jurisprudence on the continent through regular peer review mechanisms. The two judicial institutions made this known during a peer review meeting of their officials when a delegation from the AfCHPR headquarters in Tanzania visited the CCJ headquarters on Monday, 22 April, 2024, in Abuja. The CCJ Chief Registrar, Dr Yaouza Ouro-Sama, who welcomed the delegation on behalf of the court’s President, Justice Edward Asante, said the meeting was crucial and an opportunity for sharing experiences between both sides. Ousa while…
In furtherance of efforts to sanitise the mining sector, the federal government has revoked 924 dormant licenses spanning exploration, mining, small-scale mining, and quarrying Licenses Making the announcement on Wednesday, 24 April, 2024, at a press conference, the Minister of Solid Minerals Development, Dr. Dele Alake declared that in line with constitutional provisions, adequate notice was given to all concerned parties through the official Gazette of the Federal Republic of Nigeria, No. 227, which was published on December 27, 2023. “The notice gave all concerned parties 30 days to regularise their status, including clarifications on what caused the license to…