Energy giant announces projects across Africa including Uganda, Rwanda and Malawi ANALYSIS | AGENCIES | French energy giant TotalEnergies has announced expansion of its renewables portfolio with new deals in Africa. The energy company bought 100% of SN Power, a subsidiary of Norwegian renewable energy company Scatec, the company said in …
Read More »Kenya, Congo-Brazzaville sign 18 cooperation deals
Brazzaville, Congo | Xinhua | Kenya and the Republic of the Congo signed on Saturday 18 cooperation agreements and memoranda of understanding during Kenyan President William Ruto’s state visit to Congo-Brazzaville. The 18 agreements and memoranda of understanding, signed at the People’s Palace in Brazzaville, the capital of the Congo Republic, …
Read More »Uganda, South Africa sign five deals
Kampala, Uganda | THE INDEPENDENT | President, Cyril Ramaphosa and Yoweri Museveni witnessed the signing of five MOUs by their respective governments of Uganda and South Africa in a move aimed to build strong political and economic relations between the two countries. On Tuesday, both governments signed an MOU on cooperation …
Read More »Negotiating infrastructure deals with China
Four things African governments need to get right Kampala, Uganda | FOLASHADE SOULE | You don’t negotiate with China!” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that …
Read More »Museveni enters fight over $ 20bn oil deals
French domination sparks fight with Chinese Kampala, Uganda | HAGGAI MATSIKO | Oil companies—Total E&P, Tullow Oil and CNOOC—are locked in a bitter fight for control of Uganda’s oil sector. The coveted prizes are deals worth about $20 billion. The three entered a partnership in 2012 when Tullow Oil, which …
Read More »Kutesa’s dodgy deals
How American bribery case sucked in Museveni Kampala, Uganda | HAGGAI MATSIKO | Foreign Affairs Minister Sam Kutesa is likely to come under fire from Parliament following exposure of a deal in which he received a dodgy “donation” of US$500,000 (Approx. Shs1.8 billion) from a Chinese NGO cum think tank. The …
Read More »Five of Israel’s largest tech deals
Jerusalem, Undefined | AFP | US giant Intel announced Monday it would buy Israeli car tech firm Mobileye for more than $15 billion (14 billion euros), the largest cross-border tech deal in the Jewish state’s history. Mobileye makes advanced driver assistance for car manufacturers, and has already collaborated with Intel and …
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