Namibia’s Oil and Gas Sector Enters New Investment Phase with Planned Sintana Energy NSX Listing
Namibia Oil and Gas Sector Advances as Sintana Energy Plans Secondary Listing on NSX to Boost Local Investment Participation Namibia’s oil and gas industry is entering a new phase of financial development following the planned secondary listing of Sintana Energy on the Namibia Securities Exchange (NSX), a move widely seen as a milestone for local capital market participation in the country’s emerging upstream energy sector. The listing, announced at the Namibia International Energy Conference (NIEC)
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AfDB Boosts Uganda Rural Electrification Drive with €7.33 Million in Additional Financing
African Development Bank Approves €7.33 Million for Uganda Rural Electricity Project to Expand Access and Complete Compensation Payments The African Development Bank (AfDB) Group has approved an additional €7.33 million in financing to complete compensation payments for communities affected by the Uganda Rural Electricity Access Project (UREAP) Phase I. Approved on 7 April, the funding is intended to close existing financing gaps, ensure full compensation for project-affected persons, and support the completion of outstanding environmental
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TotalEnergies Expands African Energy Push as Namibia Emerges as Key Offshore Oil Frontier
TotalEnergies Boosts Africa Exploration Strategy as Namibia Offshore Oil Projects Advance Toward 2026 Investment Decision TotalEnergies is accelerating its global exploration strategy, investing approximately $1 billion annually in new energy developments as it strengthens its upstream portfolio across key regions, including Africa. The company says its long-term growth depends not only on capital investment but also on building strong partnerships, trust, and sustained collaboration with host governments and local communities. Namibia Emerges as a Strategic
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Uganda Targets 10% GDP Growth on Oil Start as Infrastructure and Timeline Challenges Persist
Uganda Eyes Double-Digit GDP Growth from Oil Production Despite Pipeline Delays and 2027 Output Risks Uganda is projecting that its Gross Domestic Product (GDP) could grow by more than 10% once commercial oil production begins, according to government statements shared on X. The state also announced it has allocated UGX 24.3 billion (approximately $6.57 million) to accelerate preparations for production. The government maintains that oil output could begin this year, marking a major milestone in
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UAE Highlights Kimberley Process Achievements as UN Adopts Diamond Conflict Resolution
Kimberley Process Chair Ahmed Bin Sulayem Presents UAE Reforms as UN Backs Conflict-Free Diamond Trade Resolution Custodian chairperson of the Kimberley Process (KP), Ahmed Bin Sulayem, addressed the United Nations General Assembly (UNGA) on April 15, outlining the United Arab Emirates’ achievements during its “Year of Best Practice” and introducing a UAE-led resolution titled “The Role of Diamonds in Fuelling Conflict,” which was adopted by consensus. In a media statement, the Ministry of Economy of
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Trafigura Signs $1bn Oil-Backed Financing Deal with Gabon to Boost Liquidity
Gabon secures $1 billion oil-backed financing from Trafigura in seven-year crude supply deal to strengthen public finances and investment spending Global commodities trader Trafigura has signed a $1 billion oil-backed financing agreement with the government of Gabon, providing upfront liquidity in exchange for future crude oil deliveries over a seven-year period. Announced on Wednesday, the arrangement will see Trafigura extend prepayment financing to the Gabonese state while acting as the exclusive buyer of the country’s
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