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February 11 2021, 11:15 AM
(Bloomberg) Standard Bank Group Ltd. wants to raise its stake in its Angolan unit, undeterred after an investor in the business was detained and his shares seized by authorities.
(Bloomberg) Standard Bank Group Ltd. wants to raise its stake in its Angolan unit, undeterred after an investor in the business was detained and his shares seized by authorities.
âOver the last two years we have increased our stake in our subsidiaries in Kenya and in Nigeria,â Sola David-Borha, the chief executive officer of Johannesburg-based Standard Bankâs African division, said in a video call. âIf the opportunity arises in Angola as well, we will do so.â
Angola to allow oil and gas drilling in some nature preservation zones By Candido Mendes on 2/21/2021
Okavango River Basin
(Bloomberg) Angolan lawmakers revoked a ban on exploration for crude and natural gas in protected natural reserves, including the Kassanje Basin and the wildlife-rich Okavango River Basin.
Prospecting will be allowed in 5% of protected zones and âpossiblyâ only 3% will be drilled, Mineral Resources Minister Diamantino Azevedo said.
âWhat weâre doing is not unheard of,â he said, citing the U.S., Norway and Gabon as examples of countries exploring for oil in protected zones. Oil revenues will benefit local communities and the parks themselves, he said.
Angolan lawmakers revoked a ban on exploration for crude and natural gas in protected natural reserves.
(Bloomberg) Angolan lawmakers revoked a ban on exploration for crude and natural gas in protected natural reserves, including the Kassanje Basin and the wildlife-rich Okavango River Basin.
Prospecting will be allowed in 5% of protected zones and “possibly” only 3% will be drilled, Mineral Resources Minister Diamantino Azevedo said.
“What we’re doing is not unheard of,” he said, citing the U.S., Norway and Gabon as examples of countries exploring for oil in protected zones. Oil revenues will benefit local communities and the parks themselves, he said.
The European Union s Court of Justice now has to decide if a binational lesbian couple s daughter will be granted a Bulgarian birth certificate and receive citizenship.