industry

Somalia’s Oil Gamble: Promise, Pitfalls and a Narrowing Window In a region where new oil and gas frontiers can redraw maps and fortunes, Somalia has long carried a paradox: abundant potential beneath the ground, and little to show above it. Today, with fresh licenses signed and seismic boats in the water, the country stands at another inflection point. The question is not whether hydrocarbons lie under Somali soil and sea—the geological hints are there—but whether the politics, contracts and institutions can finally bring…

Muscat: Qais Mohammed Al Yousef, the esteemed Minister of Commerce, Industry, and Investment Promotion, had an insightful meeting on Tuesday in Muscat with Hassan Hussein Mohamed, Somalia's Minister of Livestock, Forestry, and Range, who is gracing Oman with his presence during an official visit.In this meeting, they explored ways to enhance collaboration in the realm of livestock and meat production. The dialogue also touched on bolstering joint investments and other industries that cater to the shared aspirations of both…

Idris Elba has set his sights on a significant shift in his life over the next ten years — he wants to move to Africa. This isn’t just a personal endeavor; it’s a heartfelt commitment to bolster the continent's burgeoning film sector. With an eye toward progress, Elba envisions constructing film studios in two pivotal locations: Zanzibar in Tanzania and Accra in Ghana. He believes it’s high time for Africans to take charge of their own stories. “We need to reclaim our narratives,” he asserts, urging a break from the confines…

Kawu Sumaila has stepped into the role of Chairman for the Senate Committee on Petroleum Resources (Downstream) and is already raising crucial questions about Nigeria's level of transparency in the oil sector. Taking over this position after the untimely passing of Senator Ifeanyi Ubah, Sumaila shared his vision for combating the pervasive secrecy that seems to cloak the industry like a heavy fog. Historically, Nigeria’s oil industry has faced harsh scrutiny due to its lack of transparency. This sector is not just vital;…

Four Ugandan environmental activists have been obtained on the French National Assembly on Wednesday, March 16. They got here to attraction in opposition to TotalÉnergie's mega oil mission in Uganda. The firm intends to speculate in native firms and create…

In Chad, the oil tanker ExxonMobil is in the knife segment with its employees. The American multinational, which operates the Doba oil basin in the south of the country, announced a few months ago its intention to sell its assets to an English company. But the terms of this departure do not suit the employees who have entered into a quarrel with the American company. Yesterday, the employees even…

In the DRC, the authorities, on Thursday in Kinshasa, presented an ambitious re-industrialization plan worth 58 billion US dollars. For experts, this plan is beneficial, but there is a huge funding challenge. However, this gives optimism to some. as reported from Kinshasa, Pascal MulegwaPresenting the plan to an audience of…

African rivers are polluted by the development of the textile industry on the continent. It is NGO Water Witness who sounded the alarm in a report published on August 17 and which is based on case studies in Tanzania, Ethiopia, Madagascar and Lesotho. Wastewater emissions are the most important source of pollution in the…

Several investors have joined forces as part of a public-private partnership in the construction of a hydropower plant that will produce green energy for the capital Libreville. Projects from the Gabonese Fund for Strategic Investments and the company Meridiam, the future facility will increase electricity capacity in the Gabonese capital by 13%.…