Brazilian oil giant Petrobras has bought three exploration blocks in Sao Tome and Principe, marking its return to the African oil and gas market. This comes three years after the company sold off its Nigerian assets.
Petrobras' exit from Nigeria in 2020 was due to financial struggles and a desire to streamline its global portfolio. However, the company has experienced a turnaround and is now focusing on international expansion.
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African Development Bank calls for collective action to manage resourcesThe African Development Bank (AfDB) has called on Africans to stand together and effectively manage the continent’s vast resources to create wealth and improve lives. Vice-President and Chief Economist, Kevin Urama, emphasized the need for collective action and efficient resource management. The graduation ceremony marked the completion of the African Development Executive Training Programme, which focused on enhancing accountability, transparency, and curbing corruption in public finance management.
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