Oando PLC has won the ‘Deal of the Year’ award at Africa Energy Week 2024 for its $783 million acquisition of Nigerian Agip Oil Company from Eni. The acquisition, 10 years in the making, doubled Oando’s stake in the joint venture to 40% and marked the company’s role as operator. The award recognizes the transformative deal that represents 30 years of strategic planning and commitment towards becoming Africa’s first indigenous International Oil Company.
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Trump’s Return: Mixed Prospects for Africa’s Relations with the US
Donald Trump's second term as US president presents a complex landscape for Africa, with some Africans optimistic about strengthening partnerships and conservative values alignment, while others remain skeptical due to his limited engagement and controversial policies. Concerns arise from Trump's withdrawal from the WHO, potentially weakening Africa's healthcare systems, and his lack of interest in extending the AGOA, which could impact trade relations with the continent. Critics question Trump's commitment to Africa, highlighting his past...
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