(3 minutes read)
· Egypt had started negotiations with the International
Monetary Fund (IMF) to obtain a one-year financial assistance to cope
with the recession caused by the Covid-19 pandemic.
· French energy major Total’s 14 workers including two of its
staff have tested positive for the new coronavirus at its sites in
Congo Republic: yet its output at the 190,000 barrels per day have not
been affected.
· The death toll in the ongoing armed conflicts in two unstable
provinces in eastern Democratic Republic of Congo had climbed to 43,
creating a major law and order concern.
· Traders and transport operators in the Republic of Congo are
agitated over containment, curfews and a state of health emergency,
resulting in extending containment to 20 more days from April 21,
creating mainly huge hurdle for the country’s informal sector
workers.
· Minister of Mines and Hydrocarbons of Equatorial Guinea,
H.E. Gabriel Mbaga Obiang Lima, provided key insight on the country’s
plans in working through the current state of global oil markets and
the COVID-19 pandemic and stressed the importance of flexibility and
taking a realistic approach in order for oil producers all over the
world and, especially in Africa to recover from the downturn.
· Africa Finance Corporation (AFC) announced the appointment of
Dr. Kingsley Obiora as its new Chairman as well as the appointment of
Ms. Anastasia Proxenos as an Independent Non-Executive Director and
Henry Oroh and Mr. Batchi Baldeh as Non-Executive Directors.
· African airlines are struggling amid the COVID-19 lockdown as
flight demands for business or pleasure ceased since measures were put
in place by governments to curb the spread of the coronavirus
pandemic.
