The company headed by the gas-rich emirate's energy minister is put off by the business climate in the Niger Delta, where Western majors have been scaling down for a decade.
Orange's Central African Republic branch is in turmoil. The government, which instated a 1% tax on all digital transactions, accuses Orange of increasing its banking commissions without proper authorisation. Its finance director was questioned at the interior ministry last week.
The bank headed by Slawomir Krupa - which needs to improve its profitability - has decided to leave Tunisia, Cameroon and Ghana. It has asked the investment bank Lazard to find buyers for these African subsidiaries.
The company has spoken with representatives of villagers living near its farm in Kenya - who accuse its security guards of acts of violence - in the hope of reaching an out-of-court settlement. The compensation they may ask could be in the tens of millions of dollars.
Pedro Ribeiro's nomination as the French major's new boss in Libya comes as the firm is resuming negotiations for the strategic Waha oil field.
US tech giant Oracle, which has been present in Morocco since the signing of the Abraham Accords, is looking to speed up its growth there. But it has to contend with competition from China's Huawei, which, despite being under US sanctions, maintains a strong presence in the kingdom.
