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TotalEnergies’ $4.5 billion demand tests Mozambique’s post-conflict recovery When the French energy giant TotalEnergies pressed Mozambican authorities this month to cover U.S.$4.5 billion in “costs of closure” as a precondition for returning to its troubled northern operations, it handed a politically combustible problem to a country still wrestling with violence, displacement and fragile state finances. The demand — disclosed in a letter to the presidency and reported by Mozambican sources — bundles several company…

In a significant move, Resolute Mining, an Australian-based company, has agreed to pay a hefty sum of $160 million to the Malian government in a bid to settle an ongoing tax dispute. This decision comes on the heels of a troubling incident where Mali's authorities detained the company’s CEO, Terence Holohan, along with two other staff members during their trip to Bamako for what was supposed to be routine negotiations with the current regime. As tensions rise, the spotlight on foreign mining operations in Mali grows ever…

Tragedy struck at the heart of Turkey as five individuals lost their lives, and 22 more suffered injuries during a shocking assault on the Turkish Aerospace Industries’ headquarters, reports the government. Eyewitnesses recounted hearing rapid gunfire followed by a deafening explosion in the vicinity of Ankara. At a BRICS conference in Kazan, Russia, Turkish President Recep Erdoğan, standing alongside his counterpart Vladimir Putin, denounced the event as a "vile act of terrorism." Turkish Interior Minister Ali Yerlikaya…

Picture this: a computer screen flashing a cyberattack warning. A group of cyber bandits swiped a whopping $350,000 from a Somali solar energy company by rerouting their funds. Mogadishu (AX) — In a daring cyber-heist revealing alarming flaws, hackers drained over $350,000 slated for a Somali solar venture. The hit spotlighted gaps in security at India-based International Solar Alliance (ISA). The intended recipients, Hayle Barise Energy Solutions, are paving the way for solar development in Somalia. Instead, the cash…

Mogadishu (AX) — A groundbreaking partnership was forged between North Western State of Somalia's Ministry of Minerals and Energy and Emirates Industrial Laboratory, a hub from the UAE, aiming to transform the mineral testing landscape in Dahabshiil’s neck of the woods.Ink dried on the agreement in Dubai, where Mohamed Osman Said, the heavyweight at North Western State of Somalia's Ministry, gave Emirates Industrial Laboratory the green light. With this deal, North Western State of Somalia shuns the hefty task of outsourcing…

In Senegal, the public transport company Dakar Dem Dikk has resumed liaison services since Monday, August 23, suspended due to the resurgence of the Covid-19 pandemic since July 17. as reported from Dakar, Théa OlivierNow that the new cases of Covid-19 are less numerous, the public company has decided to reopen the lines to the…

Employees of Transport du Congo (Transco) demonstrated on Monday, July 26 in Kinshasa. They are asking for wages back. On Monday morning, the depots of the public bus transport company were blocked by angry officers. Employees demand an eight-month repayment and more bonuses. They are asking for resignation from their…

In Gabon, the French oil company Perenco, the largest oil producer in the country, was accused and prosecuted by a prosecutor near the Court of First Instance in Port-Gentil, the country's economic capital. The oil company is sued by NGOs for environmental pollution. Perenco recognizes an unintentional oil spill, but not necessarily to the extent that NGOs have done.…

In the Democratic Republic of Congo, the extension of the Grand Inga Dam in the Goma region could finally see the light of day. On Sunday the 14th, President Félix Tsishekedi took the floor to announce the name of the partner chosen for this project, estimated at 80 billion dollars (US). This is the Australian mining magnate Andrew Forrest, who after making his fortune mining iron ore wants to become a…

The luxury industry in Africa is still in its infancy, but it exists and is beginning to become visible. It is to accelerate development that LaureenKouassi-Olsson, a French-Ivorian entrepreneur, launches Birimian, an investment company focusing on African and Afro-luxury European. "One of the reasons for Yves Saint-Laurent's…