Africa Energy Corp, a Canadian oil and gas exploration company, has granted incentive stock options to the Companys senior executive to acquire 2,500,000 shares of the Company at an exercise price of CAD$0.17 per share. The options will have a five-year term and vest fully after three years
With an aim to raise US$150mn from an initial public offering (IPO), Egyptian government plans to sell 24 per cent stake of the state-owned Engineering for the Petroleum and Process Industries (ENPPI) on the domestic equity market
China Harbour Engineering Company (CHEC) has signed a contract to upgrade number one to seven berth in Dar es Salaam in Tanzania
The governments of Uganda and Tanzania have signed an agreement to build a US$3.55bn crude oil pipeline, which will boost exports from Uganda
Doraleh Multipurpose Port is set to transform shipping in the Horn of Africa
