Nigerian tycoon Tony Elumelu is set to leave the chairmanship of United Bank for Africa Plc after 12 years, closing a major banking chapter as a new oil and gas boardroom role comes into view. Tony Elumelu will step down as chairman of United Bank for Africa (UBA) in August 2026 after reaching the tenure…
London-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal, giving it a major foothold in Egypt as it seeks to reduce its reliance on oil assets in Iraq’s conflict-prone Kurdistan region. UK-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal. The acquisition gives…
The Democratic Republic of Congo, the source of about 70% of the world’s cobalt and the world’s second-largest copper producer, does not expect this year’s output of the critical minerals to suffer despite supply chain disruptions triggered by the recent conflict in the Middle East, a senior mining official told Reuters. DR Congo expects no…
