The European Investment Bank (EIB) has signed a €300 million financial agreement with Groupe BPCE, a…
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IFC Announces $30m Equity Investment in Africa Infrastructure Investment Fund
The International Finance Corporation (IFC) announced a $30 million equity investment in the Africa Infrastructure Investment…
Petrobras Shifts Focus to Local Greenfield Projects
Petrobras, the state-run Brazilian oil firm, has announced that it would not invest in foreign wind…
OPEC Pushes for More Investment in Oil Despite Global Renewable Shift
The Organisation of the Petroleum Exporting Countries (OPEC) is seeking more investment in oil despite the…
Nigeria, Saudi Arabia to Develop Solid Minerals Sector
Nigeria and Saudi Arabia have resolved to strengthen collaboration between both countries to enhance the development…
Kenya Startups Attracted $800m Venture Capital in 2023 –Report
Kenyan startups attracted $800 million (Sh127.2bn) in venture capital in 2023, surpassing Egypt, Nigeria and South…
Tinubu Promises to Improve Electricity Supply, Tax Laws in 2024
President Bola Tinubu, in his New Year’s speech, said Nigeria will simplify its tax laws and…
Masdar, Hy24 Partner to Develop Green Hydrogen Projects
Masdar, an Abu Dhabi renewable energy company and Hy24, a clean hydrogen investor, have agreed to…
TotalEnergies Plans to Invest $6bn in Nigeria’s Oil and Gas
TotalEnergies plans to invest $6 billion, focusing on offshore oil projects and boosting gas production. According…
PENGASSAN Urges FG to Unbundle Electricity Grid
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the federal government…