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Africa

Africa

OIL/GAS exploration firm Tullow Oil has found water-bearing reservoirs in its South Omo block, onshore Ethiopia. Tullow operates the South Omo block with a 50pc equity interest – Africa Oil has a 30pc stake and Marathon Oil another 20pc stake.

Reykjavík Geothermal and the African Union will sign a USD 8 million (EUR 5.8 million, ISK 900 million) contract today allowing Reykjavík Geothermal to start drilling in the Ethiopian Rift Valley as part of two 500 MW power plants under construction. The energy produced by the power plants will be …

The estimated amount for total illegal profits obtained from the use of forced labor in Africa is US$13.10 billion per year Forced labor in the private economy generates $ 150 billion in illegal profits per year, about three times more than previously estimated, according to a new report from the …