Stake

Algeria's New Law: A Paradigm Shift in Mining and Economic Diversification Algeria's parliament recently approved a landmark law that transforms the landscape of its mining industry. This significant legislation allows foreign companies to own up to 80% of mining projects, signaling a bold new direction for this OPEC nation as it strives to diversify its economy. Have we reached a turning point in Algeria’s economic narrative? Only time will tell. A resounding majority of lawmakers supported this initiative during…

Namibia's Pursuit of Nuclear Power: A Turning Point in Energy Development Exciting discussions are emerging in Southern Africa as Namibia takes pivotal steps toward constructing its first nuclear power plant. In a groundbreaking partnership with the state-owned Russian company Rosatom, Namibia aims to tap into its rich natural resources and reduce its reliance on imported electricity. Isn’t it fascinating how a single project can potentially reshape an entire nation's energy landscape? As it stands, South…

Upcoming Talks Between U.S. and China: What’s at Stake In a highly anticipated meeting, Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and Trade Representative Jamieson Greer are set to meet with representatives from China in London on Monday. This dialogue represents a crucial step in U.S.-China relations, which have faced significant challenges in recent years. President Donald Trump recently expressed optimism about these discussions in a social media post, stating, "The meeting should…

TotalEnergies Divests Non-Operating Stake in Bonga Oil Field In a strategic move that reverberates through the oil industry, French energy powerhouse TotalEnergies formally announced on Thursday its decision to sell its 12.5% non-operating stake in Nigeria's renowned Bonga oil field. The deal, valued at $510 million, sees this asset transition to a Shell subsidiary—illustrating yet another significant chapter in the evolving story of energy production in Nigeria. This divestment, executed through TotalEnergies…

TotalEnergies Divests Stake in Nigeria’s Bonga Oil Field: Implications for the Industry On a notable Thursday, French energy powerhouse TotalEnergies made headlines by announcing its decision to sell a 12.5% non-operating stake in Nigeria’s Bonga oil field. The buyer of this stake is none other than a subsidiary of Shell, with the transaction valued at an impressive $510 million. Such a substantial move is indicative of broader trends in the energy sector, where strategic shifts are not just common—they’re essential for…

Significant Collaborations: Saudi Arabia and South Africa's Thriving Partnership Over the past year, a remarkable series of high-level discussions between Saudi Arabia and South Africa has unfolded, leading to some noteworthy agreements and deals that amount to billions of dollars. This burgeoning relationship is particularly evident in Africa's most industrialized nation, and there’s much more to come as corporate activities ramp up. The foundation of this growing partnership can be traced back to a pivotal…

Harvard University: Navigating Financial Winds Amid Presidential Dispute Everyone acknowledges that Harvard University holds a prominent position in the realm of higher education. But what happens when its financial dealings come under scrutiny from none other than a former U.S. president? Such was the case when Harvard, with considerable funds at stake, found itself at odds with President Trump. Picture this: $9 billion on the line. That's enough to make anyone's palms sweat, even those…