Power Africa and Africa50 have signed a memorandum of understanding for a new partnership focused on attracting power sector financing and developing innovative public private partnership models in sub-Saharan Africa.

Africa50 will be the nineteenth development partner to join the Power Africa initiative. This new partnership between Power Africa and Africa50 provides a foundation for collaboration in the energy sector at the country and regional"...

French oil major Total wants to sell its 12.5% stake in a deepwater oilfield off the coast of Nigeria, industry and banking sources told Reuters.

The stake in Oil Mining Lease (OML) 118, which is located some 120 kilometers (75 miles) off the Niger River Delta, is valued at up to $750 million, two of the sources revealed

Investment bank Rothschild is running the sale process"...

Khartoum, Nov. 5 (SUNA) – The Council of Ministers, chaired by the Prime Minister, Dr. Abdalla Hamdok, Tuesday gave a directive in its regular meeting for the follow up of its recommendations to end the transportation crisis and to tighten control on the transport.

In a press statement, the Minister of Culture and Information, Faisal Mohamed Salih, said that the Council of Ministers has reviewed a report on the situation of the public transport,"...

The 20th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020) will be held at the New China International Exhibition Center in Beijing on March 26-28, 2020. Featuring 1,800 exhibitors, 120,000 professional visitors from 65 countries and regions, and 7 exhibiting halls of 90,000sqm, cippe2020 is a can't-miss event for anyone who wants to explore China’s petroleum and petrochemical market.

cippe"...

Minister of Energy and Mining Adel Ali Ibrahim has apologized to the Sudanese people because of the power cuts during the past days, at a time he announced the start of the electricity interconnection between Sudan and Egypt with capacity of “50” megawatts per day.

He also announced that they have received funding from the Ministry of Finance for maintenance"...

DURBAN - Taste Holdings is set to exit its food business by selling its South African Starbucks franchise for R7million to an entity called K2019548958 in a strategic shift for the company.

Taste Holdings said that following detailed operational reviews and canvassing potential partners and capital providers, it had reached the conclusion that Taste should change its strategic direction and exit the food business.

“It"...

Egypt signed a Memorandum of Understanding with South Sudan on Tuesday for cooperation in the field of oil and gas during the 2019 South Sudan Oil & Power (SSOP) Conference held in Juba.

South Sudan will launch its first ever licensing agreement in the first quarter of 2020 regarding 13 blocks onshore open for tender.

South"...

About 600 potential oil sector investors have gathered in Juba for the South Sudan Oil and Power conference.

The conference is an avenue for the government to dialogue and to make deals with companies interested in energy and future investments in South Sudan.

According to the conference organizers,"...

In a bid to increase oil production and woo investors, South Sudan’s oil minister has announced 14 new blocks ready for oil exploration.

Minister Awow Daniel Chuang was addressing the third Oil and Power Conference in Juba on Tuesday, bringing together over 600 potential oil sector investors.

Chuang said the country will announce the 2020 Licencing Round for the"...

Khartoum – Minister of Energy and Mining, Adel Ali Ibrahim and Venezuelan Ambassador to Khartoum discussed prospects of cooperation between Sudan and Venezuela in the field of energy and mining.
The ambassador presentede an investment offer by Venezuelan companies in the field of minerals and oil, while the minister expressed his desire to benefit from the expertise, technologies and capabilities of the State of Venezuela in the field of energy and mining, especially that Sudan has promising opportunities in the"...