By Chisom Michael Africa plays a crucial role in the global oil market, with the continent holding a significant portion of the world’s proven oil reserves. Africa’s oil reserves represent approximately 7.5% of the global total, serving as an essential energy source for both the continent and international markets. The oil industry is a key component of economic growth…
The African Energy Chamber (AEC) is protesting what it sees as discrimination by Western lenders in supporting the continent’s oil and gas projects, with owners and investors forced to suspend development plans, or into alternative local sourcing. Nj Ayuk, the chamber’s executive chairman, told The EastAfrican that by refusing to bankroll Africa’s oil and gas projects, with a direct…
By Clifton Movirongo. The Namibia Oil and Gas Conference, coordinated by the Economic Association of Namibia (EAN), the Namibia Investment Promotion and Development Board, and the Hanns Seidel Foundation, was officially launched on Tuesday in Windhoek and will take place on 16 and 17 August. The conference’s primary goal is to create a platform for a large-scale public consultation,…