TotalEnergies

The New Guard
Libya, Somalia, South Africa

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

LibyaAhmed Albibas, civil rights champion

SomaliaFathi Bashe, youth ambassador for the Horn of Africa

South AfricaMqokeleli Gomba, chief engineer at Richards Bay

South Africa
Sesakho Magadla's return as PetroSA boss dismays employees

Magadla's appointment as PetroSA acting CEO has sparked concern within the country's national oil company. Managers reproach her over failed negotiations with TotalEnergies and for signing controversial contracts when head of operations for the group.

Angola
Israeli businessman Gilad Myerson makes a new wager on Azule Energy

Myerson has set his sights on offshore oil in Southern Africa. Seeking to replicate his recent success with ENI in the North Sea, he has founded a new company for the endeavour.

Mozambique
TotalEnergies awaits EXIM Bank's decision on Mozambique LNG

At the French major's HQ, there are high hopes of speedy support from America's EXIM bank for the mega gas project in the Cabo Delgado province. The organisation's board is due to discuss the matter in Washington in the coming weeks.

Kenya
Jiangxi Construction Engineering wins $46m contract for Isiolo-Mandera corridor

The Chinese company has been awarded a $46m contract by the Kenya National Highways Authority to upgrade a 38km stretch of road in the northeast of the country.

Cameroon
Following on from Geocoton, Baba Danpullo plans to pull out of Sodecoton

Cameroonian business magnate Baba Danpullo, a minority shareholder in cotton producer Sodecoton, has been trying to sell his shares since the beginning of the year. This follows on from the company's French strategic partner, Geocoton, announcing its own withdrawal.

Central African Republic
Difficult-to-sell huge diamond loses its sparkle for Touadéra

The Central African president is trying to sell a 178-carat diamond that was found in the southeast of the country but, three months after the lifting of the diamond embargo, it's proving quite the challenge.

African Union, Somalia
New AU peacekeeping mission in Somalia to be discussed in Addis Ababa and Doha

A meeting between all the parties involved in Aussom, the African Union's new support and stabilisation mission in Somalia, is due to take place on 24 and 25 February in Addis Ababa.

Chad
World Bank earmarks $100m to combat desertification in Chad

The World Bank is drawing up a $100m project to help fight desertification in Chad. The plan, to be implemented by the environment ministry’s department of environmental assessments, must be submitted for validation by the bank's board by 28 November.

West Africa
Sanctions-hit Dubai trader Coral Energy reinvents itself again

After an initial name change to 2Rivers, oil trader Coral Energy has transferred its activities to a new entity, Safira Global Trading. Coral Energy was sanctioned in December for selling Russian oil below the floor price.

DRC
Europeans not in union on how to respond to the M23 and Rwanda situation

The EU's member states are struggling to come up with a common diplomatic strategy to put pressure on Paul Kagame's Rwanda.