GHANA THREATENS DATV SHUTDOWN OVER SUBSCRIPTION PRICES
GHANA THREATENS DATV SHUTDOWN OVER SUBSCRIPTION PRICES Government demands 30% reduction in DSTV subscription fees or faces licence suspension; MultiChoice responds cautiously, investors express concern over regulatory tensions Ghana’s government has threatened to suspend DSTV services unless operator MultiChoice reduces subscription prices, escalating a standoff over consumer costs. Communications Minister Samuel Nartey George said on […]
BURKINA FASO CRIMINALISES SAME-SEX RELATIONS WITH NEW LAW
BURKINA FASO CRIMINALISES SAME-SEX RELATIONS WITH NEW LAW New law enforces prison sentences of 2–5 years and fines, as activists warn of declining safety and growing repression Burkina Faso’s military-led government has passed a new law criminalising same-sex relations, reversing the country’s previous legal stance and placing it among more than half of African states […]
RAND HOLDS FIRM AS INVESTORS AWAIT SOUTH AFRICA’S Q2 GDP AND KEY ECONOMIC DATA
RAND HOLDS FIRM AS INVESTORS AWAIT SOUTH AFRICA’S Q2 GDP AND KEY ECONOMIC DATA Currency steadies near R17.58/$ as markets look to GDP, mining, manufacturing, and current account figures; stronger reserves and central bank rate cut provide support The South African rand was steady on Monday, trading at R17.58 to the U.S. dollar by 06:28 […]
Tanzania and Algeria Strengthen Oil and Gas Regulatory Cooperation
Tanzania and Algeria Strengthen Oil and Gas Regulatory Cooperation Tanzania’s Petroleum Upstream Regulatory Authority (PURA) and Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) have established cooperation aimed at exchanging experiences and building capacity in regulating oil and natural gas exploration and production activities. The meeting, held in Algiers on Sunday, was attended […]
Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa
Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa The Cabora Bassa Project by Invictus Energy Ltd has received National Project Status from Zimbabwe Finance Minister Mthuli Ncube, following constructive meetings that finalized terms of the Petroleum Production Sharing Agreement (PPSA), now being prepared for execution. National Project Status is reserved for projects deemed […]
Egypt Plans to Double Power Sector Investment to $7.6 Billion
Egypt Plans to Double Power Sector Investment to $7.6 Billion Egypt will dramatically increase investment in the electricity and renewable energy sector to EGP 136.3 billion ($7.6 billion) in the 2025-2026 fiscal year, nearly doubling the EGP 72.6 billion allocated in 2024-2025. Public investments will account for 73% of the total, with private contributions representing […]
Angola Prepares Final Licensing Round by Q4 2025
Angola Prepares Final Licensing Round by Q4 2025 Angola’s Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo has announced that the country’s next licensing round will open by Q4 2025, offering acreage in the proven Kwanza and Benguela basins as part of efforts to sustain oil production above one million barrels per day in […]
Indian Oil Corporation Shifts Strategy, Buys 2 Million Barrels of Nigerian Crude
Indian Oil Corporation Shifts Strategy, Buys 2 Million Barrels of Nigerian Crude Top Indian refiner Indian Oil Corp has made a strategic shift in its latest tender, skipping U.S. oil purchases entirely and instead acquiring 2 million barrels of West African crude and 1 million barrels of Middle Eastern grade. The state refiner purchased one […]
UK’s Afentra Secures Strategic Angolan Offshore Block
UK’s Afentra Secures Strategic Angolan Offshore Block UK-headquartered and AIM-listed upstream oil and gas company Afentra has taken significant steps to secure its first offshore operatorship by expanding its portfolio with Block 3/24, adjacent to its existing assets off the coast of Angola. The company announced signing heads of terms with Angola’s National Agency of […]
Nigeria Targets 10 Billion SCF Daily Gas Output by 2030
Nigeria Targets 10 Billion SCF Daily Gas Output by 2030 The Nigerian federal government has reaffirmed its ambitious target of producing 10 billion standard cubic feet (SCF) of gas per day by 2030, with fresh assurances that ongoing reforms are positioning the country as a global energy hub. The commitment was made in Abuja by […]