15year

Nigeria's Historic Settlement Paves Way for Oil Development President Bola Tinubu has presided over the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL), resolving the long-running dispute about Oil Prospecting Licence (OPL) 245. The agreement brings to a close 15 years of legal battles over OPL 245, paving the way for the development of one of Nigeria's most significant deepwater resources. This resolution is viewed as a…

Kenya to reopen Somalia border in April after 15-year closure, Ruto says MANDERA, Kenya — Kenya will reopen its border with Somalia in April, President William Ruto said Thursday, pledging tight security as his government moves to revive formal cross-border trade after years of closures tied to al-Shabab attacks. Speaking at the NYOTA Capital Disbursement event in Mandera, Ruto said he will personally officiate the reopening of the Mandera Border Post, which has been shut since 2011. “We cannot trade with closed borders. For…

NAIROBI, Kenya — Kenya has reopened its land border with Somalia for the trade in miraa, or khat, ending a 15-year suspension in a move officials cast as a landmark step for regional commerce and rural livelihoods. The decision, cleared by Kenya’s National Security Council, immediately restores road access for miraa exports through Mandera, Liboi and Kiunga — key crossing points that had been closed to overland shipments. Traders say the reopening will cut costs, expand market reach and curb the influence of cartels that…