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African Development Bank signs $75 million loan agreement to boost Indorama’s fertilizer production and export capacity

  The African Development Bank has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets while fostering …

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African Development Bank Debars China Henan International Cooperation Group Company Limited for 12 Months for a Fraudulent Practice

The African Development Bank Group, on 28 March 2024, announced the conclusion of a negotiated settlement agreement with China Henan International Cooperation Group Company Limited, thus putting an end to sanctions proceedings for a fraudulent practice against China Henan International Cooperation Group Company Limited. According to the negotiated settlement agreement, …

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ExxonMobil Foundation Collaborates with JA Africa on $300,000 science, technology, engineering, and mathematics (STEM) Program

Program to provide STEM and problem-solving skills to students across the continent; Students to compete for a chance to attend major regional industry conferences; Aims to develop the next generation of African thinkers and workforce. The ExxonMobil Foundation and JA Africa have launched the “ExxonMobil STEM Africa” initiative, a $300,000 …

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Indomie Partners NGOs to Alleviate Hunger Nationwide

In a commendable display of corporate social responsibility, Dufil Prima Foods’ makers of Indomie Instant Noodles, has joined forces with the Kokun Foundation Food Bank, a non-governmental organization to bring relief and joy to the vulnerable by providing free cartons of Indomie Noodles to thousands of Nigerians. During a distribution …

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OTC Recognizes 2024 Spotlight on New Technology Winners

The Offshore Technology Conference (OTC) recently announced the winners of their 2024 Spotlight on New Technology Award. This esteemed honor is given exclusively to OTC exhibitors who are reshaping the offshore energy sector through their innovation and development of technologies. This year, 15 technologies – 5 of them from small …

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McDermott Awarded Offshore Contract from PTTEP

McDermott has been awarded a sizeable* offshore transportation, installation, and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for the Kikeh subsea gas lift project, located 75 miles (120 kilometers) northwest of the island of Labuan, offshore Sabah in East Malaysia. Under the scope of the contract, McDermott will remove …

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