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
- Lomé pays tribute to two African industry captains: Gervais Koffi Djondo and Paul Kammogne Fokam
- A Timeless Critique of Sartre: “A Plea for Intellectuals”
- EBID welcomes AfDB as its first institutional shareholder
- Algeria removed from the FATF grey list: a major turning point for the country’s financial credibility
- Senegal raises 107 billion CFA francs after strong demand from UEMOA investors
- Ivory Coast reaffirms itself two notches away from investment grade (Fitch)
- Senegal: hidden debt, undeclared debt, odious debt: what should be remembered?
- Insurance: 30% decrease in the consolidated profit of the Tunisian group CARTE in 2025
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