Canadian oil company ReconAfrica has just secured funding of 4.37 billion CFA francs (approximately 7.6 million USD) to support its activities in the Ngulu block, an offshore area renamed from the former C-7 block, in Gabon, covering 1,214 km² in shallow waters. This investment is the result of a production sharing contract (PSC) signed on…...
Trending
- BGFI Holding Corporation: successful bet, the offer of 80.558 billion CFA francs oversubscribed
- Dakar-Bamako Corridor: the southern route cannot bear Mali alone
- Facing African financial boundaries, Dangote’s IPO extended
- Daily African Financial Markets: Dangote IPO Extended
- Lesotho: an agreement with the ALSF to better negotiate its major contracts
- Paris-N’Djamena: towards discreet aerial rearmament?
- WADB signs a $25 million USD revolving credit facility with Topaz Multi-Industries SA to strengthen the manufacturing industry in Guinea
- Tunisia: Ennakl Automobiles company’s profit decreases by 9.20% in the first half of 2026
Gabon: ReconAfrica invests nearly 8 million USD in offshore
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com