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The Continent
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Spotlight | Libya
NOC boss Farhat Bengdara manoeuvres to set up financial oversight committee

Farhat Bengdara, the chairman of Libya's National Oil Corp during a press conference outside the corporation's headquarters in the capital Tripoli on 14 July 2022. © Mahmud Turkia/AFP

The National Oil Corp chairman was the driver behind the creation of a body to oversee state finances. Khalifa Haftar and Abdelhamid Dabaiba are both represented on the committee, which means they are in a position to influence the allocation of public funds.

Subscribers only Finance, Energy

The Continent

The New Guard
Mali, Kenya, Uganda

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

MaliAli Soumaré, from PS to PR

KenyaBill Amunga, all about business

UgandaMaxwell Atuhura, the activist taking on TotalEnergies

Subscribers only Energy, Politics, Business

Central Africa

DRC
Security chief Bukasa gets worked up over Omani oil deal

Tshisekedi's security adviser is pressuring the minister of portfolio Adèle Kahinda Mayina to ensure that a petroleum product supply contract with United International is implemented.

Subscribers only Energy

Cameroon
Yaoundé ordered to stump up €23m to Magil

Olembe Stadium in Yaounde, Cameroon on 6 February 2022. © Adam Haneen/Anadolu Agency/Anadolu Agency via AFP

A Paris arbitration court recently ordered Cameroon to respect its contractual obligations and pay €23m to the Canadian construction firm so that work on the Olembe football stadium can resume. Talks between the two parties are expected to take place this week.

Subscribers only Business

Central Africa, Congo, Gabon
Perenco appoints new head of African affairs

Le pétrolier Perenco a promu l'un de ses cadres, Jean-Noël Bouassi-Bouassi, au poste tout nouvellement créé de “coordonnateur général des affaires africaines”.

Subscribers only Energy

West Africa

Burkina Faso
Junta clinches lightning sale of Tambao and Inata mines

The two most coveted permits in Burkina Faso have been snapped up in the space of a few months by the little-known company Afro Turk, following an expedited sale endorsed by Mines Minister Simon-Pierre Boussim.

Subscribers only Mining

Niger
Bazoum to set up new oil firm despite opposition

The new state company PetroNiger was due to be launched at a 7 July cabinet meeting, but its official birth was put off because of the interference of Sonidep boss Ibrahim Mamane.

Subscribers only Energy

Eastern Africa and the Horn

Kenya
Ruto deploys sleuths in hundreds of state agencies

President of Kenya William Ruto speaks during a joint press conference at the end of the New Global Financial Pact Summit, Paris, France, on 23 June 2023. © Lewis Joly/Pool/EPA/MaxPPP

The Kenyan government wants to keep a closer eye on the activities of numerous public and semi-public entities in the hope of reducing spending.

Subscribers only Politics

Southern Africa and islands

Namibia
India and Namibia launch hi-tech university in Windhoek

The next generation of Namibian IT experts to begin training at the brand new India-Namibia Centre of Excellence in Information Technology (INCEIT) in Windhoek.

Subscribers only Diplomacy

North Africa

Egypt
Military companies set to keep their tax breaks

The law recently approved by the Egyptian parliament to end tax exemptions for public and military companies should spare a large swathe of the armed forces' business activities. The new legislation is part of reforms demanded by the IMF.

Subscribers only Business

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