The controversy surrounding the sale of OML 29 by Shell Petroleum Development Company of Nigeria to Aiteo Eastern Exploration and Production Company Limited in 2014 may be far from being over as Aiteo has again dragged Shell to court over what it alleged as “fraud, deceit and misrepresentation” in the sale. In a suit, FHC/ABJ/C8/738/2021,
September 17, 2021, was a memorable day for African Leadership Magazine Group as it successfully hosted jointly the 5th edition of its annual Invest in Africa Summit and the 11th edition of the Africa Business Leadership Awards (ABLA). The Invest in Africa Summit aims at bringing together Policymakers, private sector leaders, civil society leaders, and all stakeholders in
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote, has received the African Leadership magazine (ALM) African Local Content Icon Award in recognition of his dedication and commitment to improving local content in sub-Saharan Africa. The Award was virtually bestowed on Him at ALM Summit on Friday, September 17. In his remarks; Engr.Wabote expressed appreciation
The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) has approved a one-million-dollar grant for the modernisation of Africa’s aging hydropower fleet. According to a statement from the AfDB, the modernization of hydropower stations is an opportunity to increase generation capacity at low-cost, and with relatively short lead-times and minimal environmental
African Oil and Gas Producing Countries, Urged to Develop A Social Investment Plan that Utilizes Proceeds from the Hydrocarbons.
The Director of Resources and Energy, ABSA Securities, United Kingdom, a specialist investment bank with focus on funding for oil and gas projects in Africa, Camillo Atampugre, maintained that a social investment plan is critical to stimulating impactful growth across the African continent. He noted that ABSA Investment’s focus aims to drive sustainability and advocate