InvestInAfrica

Tullow Oil Targets Ghana to Slash Debt Below $1 Billion

7 days ago

In a strategic move aimed at strengthening its financial standing, Tullow Oil is intensifying its focus on Ghana as part of a broader initiative to reduce its crippling debt below the $1 billion mark. This comes amid an ongoing evaluation of its assets and a commitment to invigorate its operational framework in the West African region.

Angola Set to Re-enter Eurobond Market with Ambitious $1.5 Billion Offering

1 month ago

In a significant financial move, Angola has announced plans to issue a new Eurobond worth $1.5 billion, marking the country’s anticipated return to international debt markets. This strategy aims to bolster the nation’s economy as it seeks to navigate the complexities arising from previous debt management challenges.

TotalEnergies Targets $750 Million LNG Project in Nigeria to Enhance Supply Chain

4 months ago

In a significant move to bolster its liquefied natural gas (LNG) supplies, TotalEnergies is setting its sights on a substantial $750 million project in Nigeria. This endeavor comes at a time when the global energy landscape is undergoing considerable shifts, prompting energy companies to secure and expand their LNG capabilities.

The Rise of Botswana: A New Haven for Wealthy Africans Seeking Diversification

5 months ago

In an ambitious push towards economic diversification, Botswana is positioning itself as an attractive destination for affluent individuals across Africa. This strategic move not only aims to bolster its own economy but also seeks to offer lucrative opportunities for wealthy investors, enticing them to relocate or invest in this stable Southern African nation.

Standard & Poor's CEO Blasts Ratings Bias Impacting Africa, Costing Billions

5 months ago

In a pivotal statement, the CEO of Standard & Poor's (S&P), Mohamed El-Erian, criticized the inherent biases in the global credit rating system, emphasizing how they disproportionately affect African nations. He highlighted that these biases have resulted in significant financial ramifications for the continent, costing it an estimated $7 billion annually. This commentary brings to light an ongoing discussion regarding the fairness and accuracy of ratings applied to emerging markets.