SOMALIA: Coastline Exploration Signs Seven PSA’s Amid Rejection from President and PM

Coastline Exploration has signed seven Production Sharing Agreements (PSAs) covering offshore, deep-water blocks of the Federal Republic of Somalia. These PSAs enable Coastline to proceed with plans to explore for oil … Read More

GHANA: Tullow Oil, Forest Commission Sign MoU to the Development of Carbon Offset Projects

Tullow Oil has signed a Memorandum of Understanding (MOU) with the Forestry Commission Ghana to identify and develop carbon offset projects that will support both the realisation of Tullow’s 2030 … Read More

AfDB Approves $379.6M Desert to Power financing facility for the G5 Sahel countries

The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages … Read More

UGANDA: Parliament Passes Mining and Minerals Bill, 2021

Parliament has passed the Mining and Minerals Bill, 2021 which will see the establishment of the Uganda National Mining Company which will manage the government’s commercial holding and participating interests … Read More

NIGERIA: NCDMB to Launch US$50m Fund for Oil Industry Manufacturing

The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to launch a US$50 million fund for NOGAPS Manufacturing Product Line. This fund would be dedicated to companies that … Read More