Firms

LUANDA, Angola — European leaders descended on Luanda this week for the EU-African Union summit with a clear, urgent goal: secure access to Africa’s critical minerals and shore up fragile supply chains as global geopolitical tensions rise. "Africa and Europe are partners of choice, bound by common interests and priorities and shared values," EU Council President António Costa wrote on social media as the summit began. "In a turbulent world, our commitment to build a peaceful, prosperous and sustainable future — and to…

The Hobyo-Port Initiative (Courtesy of MyProperty) Pretty recently, Turkish builders have been all about turning African air and sea ports into some real head-turners. Summa Construction is knee-deep in airport ventures in Nigeria. Meanwhile, Metag Holding, hailing from Ankara, inked a $70 million blueprint to spruce up Hobyo Port, Somalia's mighty second-largest. These Turkish enterprises are grabbing the spotlight with their big plays in boosting African airwaves and waterways. "Metag Holding's freshly inked pact looks…

"We want to unequivocally tell international firms: save your time when it comes to the Holhol oil field or any other resources in this area. No one holds the legitimate authority to seal such deals unless they follow the proper legal channels and gain mutual approval," Karash emphasized. Recently, the Federal Government of Somalia inked an oil exploration deal with Turkey. Turkey plans to send a ship to the Somali coastline in October to start evaluating offshore oil reserves. Though Holhol is tucked away inland and not a…