Russia stands ready to support African nations in developing technologies for self-sufficiency, ensuring technological sovereignty and managing continental data systems. “Africa is resource-rich. Yet today, data has become the most valuable resource. Russia isn’t proposing to exploit this data, but rather to develop technologies enabling Africa to manage it independently. The digital industry’s future is […]
Investment manager Liontrust has named Phil Rosenberg as head of Middle East and Asia to drive growth across key international markets. Rosenberg brings over 35 years of experience in distribution, including a 14-year tenure as managing director and head of distribution for the Middle East at GAM Investments. According to the investment manager, his appointment […]
Four Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share placements, with their boards having approved proposals to issue A-shares to designated investors. The initiative includes the Bank of China (BOC), China Construction Bank (CCB), Bank of Communications (BOCOM), and Postal Savings Bank […]
One of Switzerland’s main political parties could soon propose capping UBS’s investment banking activities as part of a regulatory overhaul aimed at making the sector less risky, a senior lawmaker said on Wednesday. The right-wing Swiss People’s Party (SVP), the biggest group in parliament, would pitch the plan as soon as possible if the government […]
Shell said on Friday it has taken the final investment decision for Gato do Mato, a deepwater project offshore Brazil with a capacity of 120,000 barrels of oil per day, where first oil is expected to flow in 2029. Shell, the operator of the project, owns a 50% stake in Gato do Mato, while Ecopetrol […]
Johnson & Johnson has laid out plans to raise U.S. investments by 25% to more than $55 billion over the next four years, as a threat of drug import duties by the Trump administration compels companies to expand their manufacturing operations domestically. The pharmaceutical giant JNJ.N said on Friday it planned to build four new […]
While West Texas Intermediate (WTI) oil prices have slipped nearly $3.50 a barrel since January—hovering uncomfortably around $68—New Mexico lawmakers just gave oil producers something else to stew over: higher royalty rates. Senate Bill 23, which passed the House of Representatives on Thursday, is now sitting on Governor Michelle Lujan Grisham’s desk. The bill raises […]
Having pulled out from the joint venture on oil and gas projects initially located at Olokola Free Trade Zone in Ogun Waterside some years back which necessitated the construction of the Dangote Refinery and other investments in Ibeju Lekki, Lagos State, Aliko Dangote, Africa’s foremost Industrialist and President of the Dangote Industries Limited, is now […]
The African Energy Chamber (AEC) has expressed its appreciation to the Trump administration following the Export-Import Bank of the United States (EXIM) reauthorising a $4.7 billion loan to support Mozambique’s Liquefied Natural Gas (LNG) project. This move signals renewed confidence in the country’s energy sector and strengthens U.S. participation in Africa’s natural gas industry. A Critical Boost for Mozambique’s LNG Sector The Mozambique LNG project, spearheaded by TotalEnergies, is […]
Iran plans to expand its shipping routes to West and Southwest Africa following a decision by the African Affairs Task Force, chaired by the first vice president, a senior trade official said. According to the Trade Promotion Organization of Iran (TPO), Mohammadreza Safari, acting director general for Africa at the organization, said on Sunday that […]
