Monday , September 25 2023

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Specialist gains traction in oil,gas sector

Due to the large size and weight, this 9.5MW 11KV WEG electric motor has to be disassembled for shipment and reassembled on the offshore FPSO off the coast of Ghana. Africa is “hungry for electricity”, and electrical specialist Zest WEG is seeing growing demand from the oil and gas sector, …

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Akobo to apply to trade on OTC Markets platform

Scandinavian-based Ethiopian gold exploration and boutique mining company Akobo Minerals has announced plans to apply for trading on the OTC Markets platform in the US In addition, the company intends to secure a Nkr 30-million convertible loan and  believes there are several benefits of having an additional US-based quotation for …

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US, Saudi Arabia in talks to secure metals in Africa

The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks. A state-backed Saudi venture would buy stakes in mining assets worth $15-billion in African …

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