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Nigeria puts squeeze on oil majors as upends deals

Lagos, Nigeria | AFP | Nigeria’s President Muhammadu Buhari on Monday signed a measure to change the country’s agreements with multinational oil companies to significantly increase the share of offshore oil revenue it takes. “This afternoon I assented to the bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) …

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‘Machar, Kiir to hold talks in Kampala’

Juba, South Sudan | THE INDEPENDENT |  The Sudanese People’s Liberation Movement in Opposition (SPLM-IO) has confirmed that its leader Dr. Riek Machar will travel to Kampala for a planned meeting with South Sudan President Salva Kiir tomorrow. In an interview with Radio Tamazuj,  the deputy spokesman for the SPLM-IO Manawa …

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Nigerian contemporary art booms and prices soar

Lagos, Nigeria | AFP | First there was Tutu, the “African Mona Lisa” sold last year for 1.5 million dollars. Then a second portrait by revered Nigerian painter Ben Enwonwu, called Christine, sold in mid-October, for 1.4 million dollars. Both record sales of famous works by the late “father of African …

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4 Burundian journalists held for undermining state security

Nairobi, Kenya | AFP | Four journalists and their driver are still being held in Burundi after being arrested for undermining national security while covering a rebel attack from neighbouring DR Congo, the attorney general said. The Burundian reporters were detained on Tuesday last week while reporting in Bubanza, in the …

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Kenyans say UK stole land for tea, push for UN inquiry

Kericho, Kenya | AFP | Kibore Cheruiyot Ngasura was just a small boy when his family was violently expelled from their ancestral land in Kenya’s lush tea-growing western highlands by British colonizers, and banished never to return. Eighty-five years later he still bristles at the memory, recalling the fear and confusion …

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AfroChampions Initiative presents $1trn AfCFTA investment framework

The AfroChampions Initiative held its second conference on sustainable green growth and industrialisation in Kigali, Rwanda. Kigali, Rwanda | TOM COLLINS | The AfroChampions Initiative, a set of public-private partnerships designed to leverage resources and funds to create more multinational corporate champions in Africa, has proposed a $1trn investment framework …

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Egypt, Ethiopia to meet in Washington over Nile dam

Cairo, Egypt | AFP | Egypt’s foreign minister confirmed Tuesday that his country would take part in mediated talks in Washington next month over a controversial dam Ethiopia is building on the Nile. Egypt, Sudan and Ethiopia “will meet in the United States on 6 November… to break the deadlock in …

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