oil

However, in a deep economic crisis, Angola needs new money to revive its economic machine. The authorities have therefore decided to privatize the diamond and oil sectors, two flagships in its economy. Privatizations should take place by the end of 2021, according to Finance Minister Vera Daves Da Souza, who made it clear she…

Since the abolition of government subsidies (in September) on imports, the price of petrol is partly indexed to the market price. A small revolution in Nigeria, the largest raw material producer on the African continent with very little refining capacity. Even if legislative measures remain and petrol remains cheap in the country, adaptation is still difficult for consumers and players in the sector.…

On November 10, 1995, Nigerian author and environmental activist Ken Saro-Wiwa and eight comrades had been by chance executed by President Normal Sani Abacha's regime after a controversial trial. A member of the Ogoni minority, he warned the worldview concerning the ecological disasters linked to the exploitation of oil within the Niger Delta. Twenty-five years later, Ken Saro-Wiwa has left heirs. .

The bi-weekly Alternative and its director were sentenced on Wednesday, November 4, by the Supreme Court to pay two million each for defamation. The decision arouses indignation in the Togolese press. as reported from Lomé, Peter Sassou DogbéThe newspaper published in its publication in early June, embezzlement of almost 500…

Since April, Gabon has been in a state of health. The Central African country is facing a major economic hit as a result of Covid-19 lockdown measures and falling oil prices. The arenas of this unprecedented crisis could remain at Port-Gentil, its oil capital, for a while. Businesses, shops, transportation, tourism and other sectors in the country's economic center are all struggling. Port Gentil has…

Nigeria is formally in recession for the primary time in additional than a decade, ending three years of low however optimistic progress. The African nation's financial system is closely depending on oil exports, however the coronavirus pandemic has lower international demand and the value of oil has fallen. That is unhealthy information for a rustic whose price range plans had been depending on getting a sure value per capita. Barrel, a value that now means Nigeria is promoting crude oil at a loss. Our correspondent…

The country's largest union is stepping up pressure on the government by calling for demonstrations on Monday 28 September to protest the rise in fuel and electricity prices in the country. In the context of economic crisis, the federal government has in fact decided to end its subsidies in these two sectors. The price of petrol at the pump is now indexed to market prices, while electricity prices will double in early September. The threat of a social movement launched by the Nigerian Labor Congress was at the center of…

Two months after the sinking of a Japanese ship in Mauritius, the first overview of the consequences of the oil spill on biodiversity. It will take several months to assess the impact of the 1,000 tonnes of fuel spilled on the coral reef. Also on land, oil spills can have consequences, especially for two bird species that are already in danger. The water in the lagoon is petrol blue. Two months after the oil spill that hit Mauritius in the Indian Ocean, "we sometimes find oil products on the surface," said Vikash Tatayah,…