Tuesday, September 30, 2025
Home Blog Page 756

Sudan’s de facto ruler won’t join peace talks, vows to ‘fight for 100 years’

0

Sudan’s de facto ruler, army chief Abdel Fattah al-Burhan, said Saturday his government would not join peace talks with rival paramilitaries in Switzerland, vowing instead to “fight for 100 years.”

“We will not go to Geneva … we will fight for 100 years,” Burhan, whose troops have been battling the paramilitary Rapid Support Forces (RSF) for over 16 months, told reporters in Port Sudan.

The United States opened talks in Switzerland on August 14 aimed at easing the human suffering and achieving a lasting cease-fire.

While an RSF delegation showed up, the Sudanese armed forces were unhappy with the format and did not attend, though they were in telephone contact with the mediators.

The talks were co-hosted by Saudi Arabia and Switzerland, with the African Union, Egypt, the United Arab Emirates and the United Nations completing the so-called Aligned for Advancing Lifesaving and Peace in Sudan Group (ALPS).

They wrapped up Friday without a cease-fire but with progress on securing aid access on two key routes into the country, which is gripped by one of the world’s worst humanitarian crises.

The brutal conflict has forced one in five people to flee their homes, while tens of thousands have died. More than 25 million across Sudan — more than half its population — face acute hunger.

African Energy Chamber (AEC) Endorses Oando’s $783M Acquisition of Nigerian Agip Oil Company

0

Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from Italian multinational Eni. As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) endorses this groundbreaking acquisition, which underscores the growing role of local exploration companies in revitalizing Nigeria and Africa’s upstream landscape.

The $783-million transaction sees Oando’s participating interests in Oil Mining Licenses (OML) 60, 61, 62 and 63 increase from 20% to 40% and its total reserves grow by almost 100% to one billion barrels of oil equivalent. Oando’s ownership stake will also increase in NAOC’s joint venture assets, which include 40 discovered oil and gas fields – of which 24 are currently producing – 40 identified prospects and leads, 12 production stations, 1,490 km of pipelines, three gas processing plants, the Brass River Oil Terminal, the Kwale-Okpai Phase 1&2 power plants and associated infrastructure. 

With a diverse portfolio of on- and offshore assets in Nigeria’s oil and gas sector, Oando represents one of the leading indigenous explorers on the continent. Currently, its producing assets include Qua Iboe (OML 13) and the Ebendo Field (OML 56), in addition to the four OMLs acquired from NAOC. The company’s promising development pipeline includes OML 90 and OML 122, which hold tremendous potential for boosting Oando’s operational capacity, while its exploration prospects center around interests in several strategic assets, including OMLs 321 and 323, as well as Blocks 5 and 12, OML 131 and OML 145.

“This announcement is the culmination of ten years of toil, resilience and an unwavering belief in the realization of our ambition since the 2014 entry into the Joint Venture via the acquisition of Conoco-Philips Nigerian Portfolio. It is a win for Oando, and every indigenous energy player, as we take our destiny in our hands, and play a pivotal role in this next phase of the nation’s upstream evolution,” said Wale Tinubu CON, Group Chief Executive, Oando PLC.

Affirming its commitment to Africa’s energy sector growth, the company will discuss its latest acquisition and investment strategy, with a focus on integrating just transition principles and technologies and ensuring local value creation. Boasting a number of strategic partnerships and with a focus on sustainable growth, Oando PLC is well-positioned to harness the full potential of Africa’s energy resources and create long-term value for the company’s stakeholders. With a diverse and robust array of assets, Oando PLC has established a firm foundation for its business operations, ensuring a strong and sustainable presence in the dynamic and ever-evolving oil and gas sector.

“Oando is delivering on its pledge to expand upstream investments and its position in Nigeria’s oil and gas sector. The AEC congratulates and supports Oando on the successful completion of this milestone transaction, as it affirms the influence of local exploration and production companies and their unwavering belief in harnessing the full scope of Africa’s energy resources.    We look forward to unpacking this deal and its many implications for the sector at this year’s AEW,” says NJ Ayuk, AEC Executive Chairman.

Distributed by APO Group on behalf of African Energy Chamber.

Colonel Technology Targets Ethiopia with Advanced AI and  IoT Innovations

0

By our staff reporter

Dubai-based cutting-edge leading technology and innovative firm, Colonel Technology, is making significant strides in the global tech landscape. Known for its expertise in artificial intelligence (AI), Internet of Things (IoT), machine learning, Building Information Modeling (BIM), fintech, big data, and 3D modeling, the company has forged robust partnerships with research and development (R&D) centers and companies across Korea, Germany, China, the USA, and Singapore.

Founded over a decade ago, Colonel Technology has focused on advancing research and development in mixed reality, digital simulation, and military technology. The company’s commitment to establishing and maintaining high-performance computer infrastructures, as well as pioneering innovations in chips and integrated circuits, has positioned it as a key player in the global tech industry.

“Our mission has always been to present the future for you,” said Yaqoub Yousif Alnaqbi, CEO of Colonel Group. “We have an incredibly talented and dedicated team that is constantly innovating and finding new ways to tackle complex challenges.”

Alnaqbi, who received his education at the American University of Beirut and has a wealth of experience in B2G projects across various sectors, now leads Colonel Group in its global expansion efforts. Under his leadership, the company has established itself as a trusted provider of advanced computer systems, AI robotic systems, and software solutions tailored to meet the specific needs of its clients.

Colonel Technology is actively targeting key government sectors, including military, police, municipalities, defense, road and infrastructure, oil and gas, and energy industries, as well as enterprises such as banks and real estate developers. The company aims to support the digital transformation and modernization efforts of these sectors, both domestically and internationally, by providing cutting-edge technology and innovative solutions.

Despite its global reach, Colonel Technology has its sights set on expanding into new markets. “Unfortunately, we do not have any initial investments in Ethiopia at the moment. However, we are very interested in the Ethiopian market and see it as a promising opportunity where we can contribute by collaborating with relevant clients and serving the Ethiopian community,” Alnaqbi noted.

The company plans to enter the Ethiopian market within a year, aiming to provide innovative services and technologies to support infrastructure development. Its core offerings include Intelligent Construction Project Management (iCPM), along with AI, IoT, machine learning, BIM, and related solutions for governments and enterprises. Colonel Technology envisions entering the Ethiopian market through strategic partnerships that will enable it to play a pivotal role in the country’s digital transformation.

As Ethiopia continues to develop its infrastructure and embrace digital transformation, there is a growing demand for advanced technological solutions that can support these efforts. Hence Colonel Technology’s plans to enter the Ethiopian market within a year cannot be overstated, bringing with it a suite of innovative services and technologies designed to support infrastructure development and modernization.

How the Kenyan Gen Z protests ushered in a new way of demanding accountability and transparency

0

Bonface Orucho, bird story agency

The Port of Banana project, a  deepwater project in the Democratic Republic of Congo (DRC), has gained fresh momentum with the addition of a new investor, sparking renewed optimism for the port’s long-awaited completion.

The British International Investment has committed up to US$35 million alongside DP World for the strategic project expected to become a key driver of trade and economic growth in the country and region.

According to Chris Shijiutomi, the managing director and head of Africa for BII, “the Port of Banana will play a major role in supporting the economic aspirations of millions living in the DRC.”

The DRC is Africa’s second-largest country and the fourth most populous, with more than 100 million people. With a coastline of only 37 km, the majority of the DRC is landlocked, forcing most of its international trade to pass through neighboring countries such as Angola and the Republic of Congo-Brazzaville.

While DRC currently has two ports, the ports of Matadi and Boma, they are shallow water ports limited by the depth of the Congo River where they are situated. The port of Matadi for instance, has a draft of around 8.2 m and is around 93 miles upstream from the mouth of the Congo.

The new port is located at Banana Creek, an inlet about 1 km wide on the north bank of the Congo River’s mouth, in the Bas-Congo province.

Recognising the significance of a deepwater seaport, the government issued a 30-year concession to DP World to develop the port of Banana, the first deep-sea port in the country.

With a draft of 17.5 m, the Port of Banana is expected to receive large container vessels from around the globe and will become a single gateway for imports and exports of containers in the DRC. 

A review of the earlier contractual agreement was done in 2021 with a renewed focus on the project targeting a 600-meter quay and an annual capacity of 450,000 teu. The first stone was laid at a ceremony in 2022, with construction works scheduled to finish in 2025.

The port is being developed in phases, with its capacity set to expand incrementally over time, integrating with a wider infrastructure network, including a free zone and multimodal logistics linking the country’s major urban hubs like Kinshasa, home to nearly 17 million people, via the cities of Boma and Matadi.

The economic relevance of the new port cannot be understated. According to BII’s press statement about the project, it will facilitate the DRC’s access to global markets, unlocking the country’s international trading potential.

An evaluation commissioned by BII shows trade efficiencies that will be created from the completion of this project will cut the cost of international trade in the DRC by 12%.

Also, according to Seatrade Maritime News, the project will enable “the creation of approximately 85,000 jobs, US$1.12bn in additional trade and US$429m in increased economic outlook — equivalent to a 0.65% increase in the DRC’s GDP.”

Other assessments show the project holds far greater impact potential. For instance, according to Container News, the BII-DP World partnership will “improve access to vital goods for 35 million people, support 5 million jobs, and generate an additional US$51 billion in trade by 2035.”

The 578-kilometer Banana-Matadi-Kinshasa trade corridor, which serves approximately 54 million people, is poised to see substantial economic benefits from the new port development.

Since 2021, DP World, along with other investors such as BII, have been undertaking rapid expansion and modernization programs across a range of African ports. The two, for instance, have a history of modernization and expansion of ports in Dakar (Senegal), Sokhna (Egypt) and Berbera (Somaliland). DP World last year announced it was investing US$10 billion in African ports.

From Indian operator Adani’s recent debut of operations at the Dar es Salaam Port to DP World’s growing operations in Angola, Djibouti and Egypt, the global investment appeal in African ports is undoubtedly in vogue in recent years.

This week, Noatum Maritime, a Spanish multinational, has announced it is acquiring a controlling stake in the Egyptian maritime agency Safina to expand its presence in Egypt’s maritime market and the entire Middle East region. This reaffirms the global investors’ interest in African ports.

Investment in this sector will continue to surge in 2024, according to a report by logistics firm Agility. The report, which surveyed close to 1000 logistics industry executives worldwide, revealed that over 47% of respondents plan to increase their investments in Africa, while another 14% are eyeing first-time investments in the continent.