In a significant move toward joining the Extractive Industry Transparency Initiative (EITI), Equatorial Guinea received the official backing of the EITI International Secretariat on Friday. The endorsement follows a decade of efforts by Equatorial Guinea to join the initiative, which seeks to
To develop the economy, a stable political environment is necessary. There would be no economic development or improvement of people’s livelihood without stability. Countries should achieve mutual understanding, actively build trust, and create a peaceful and stable environment for economic developmen
Democracy is neither black nor red. Democracy is gray…it chooses banality over excellence, shrewdness over nobility, empty promises over true competence… it is eternal imperfection, a mixture of sinfulness saintliness and monkey business.
- The bond between former President Joseph Kabila and his successor,Felix Tshisekedi deepens today as the former leader visited the President this Sunday.
“The future of our continent is looking very promising indeed,” African Development Bank Group (www.AfDB.org) President Akinwumi Adesina declared in the opening words of his address to diplomats at a lunch organised today, Tuesday, in Abidjan. Adesina referred to the Bank’s recent flagship publication, the African Economic Outlook 2019 (https://bit.ly/2yXn4pr),
The country opens its doors to foreign investment through a Mining Licensing Round with competitive terms to new investors applying by the end of June 2019. Malabo, 05 Feb 2019. The Government of Equatorial Guinea (EG) opens this year betting for success on its first Mining Licensing Round “EG Ronda 2019 Mining Round”, to be […]
United Bank for Africa is set to open a new branch in Mali on February 4, Reuters reported on Thursday. The spokeswoman for UBA’s subsidiary in Mali, Maimouna Oumarany, said by telephone, “Mali is a large market with a low (bank) account penetration rate. We are hoping to do better than the 13 banks already […]
Sub-Sahara Africa is witnessing competition among leaders and countries to meet the aspirations of their people. The focus in most countries is for the natural resources of the country to positively touch the lives of the citizens to remove poverty and enthrone good governance. Equitorial Guinea is leading the way in making her extractive industry […]
Mordecai Ladan, the Director, Department of Petroleum Resources (DPR) on Tuesday said the organisation generated N1.3 trillion as revenue and an additional $200 million from legacy indebtedness in 2018. Ladan made this known at the opening of a workshop on Revenue Generation, Accounting and Reporting Process to the Federation Allocation Accounting Committee (FAAC) in
India and Nigeria enjoy warm, friendly and deep-rooted bilateral relations. India established its Diplomatic House in Lagos, Nigeria in November 1958 even before our independence in1960, the President, Abuja Chamber of Commerce and Industry, Prince Adetokunbo Kayode has said. He said both countries were in the forefront of international anti-colonial, nonaligned and later