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Ghana Opens First Round Of Bidding For Exploratory Licenses

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Ghana Opens First Round Of Bidding For Exploratory Licenses

President Nana Akufo-Addo announced the opening of the country’s first open and competitive round of bidding for energy exploration licenses, with three offshore blocks being offered. Previously, Ghana had awarded leases through a closed negotiation process.

All of the blocks are located in ghana’s central basin. To undertake the exploration and extraction.

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Bidders have to show financial capacity and technical expertise and present a timetable for their exploration and development program.

President Akufo-Addo also announced a review of all licensing agreements covering blocks that were inactive, where concession holders had not undertaken the required exploratory or development work.

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This move could see a number of blocks re-enter the market, either through competitive bidding or direct negotiations, generating further interest in the upstream component of the industry from both independent operators and major players.

Although the development of these offshore sites will require significant investment, rising international oil prices could well justify the expense.

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Development of major offshore oilfields is set to boost export earnings and stimulate investment inflows.

African News

Omar Daf Extends Contract With Sochaux

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Sochaux Coach, Daf Extends Contract With Club

Forty one year-old former Senegal international defender Omar Daf has extended his contact as coach of French club Sochaux until June 2021.

Daf was appointed coach of the second division side last November.

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The former French champions are currently just two points above the relegation zone in Ligue 2 with 17 games left this season.

Earlier this week Sochaux signed former Liverpool and Mali midfielder, Momo Sissoko.

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Daf played 14 seasons for Sochaux across two spells, previously coached the club in an interim capacity in 2013 and 2015.

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African News

France Extradites CAR Football Official Wanted By ICC

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France Extradites CAR Football Official Wanted By ICC

France has extradited to the Hague, a senior Central African Republic football official wanted by the International Criminal Court (ICC) for war crimes committed in the C.A.R.

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A committee member of the Confederation of African Football  Patrice-Edouard Ngaïssona, was arrested in Paris last month for coordinating attacks on Muslims in his country. He has denied the allegations.

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Patrice had declared himself political co-ordinator of the Christian anti-Balaka militia. The group has been blamed for hundreds of killings.  The ICC says Patrice was responsible for murder, torture and the recruitment of child soldiers.

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Ethiopia Arrests Former Minister Over Corruption Allegations

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Ethiopia Arrests Former Minister For Corruption Allegations

Ethiopian Former Minister, Bereket Simon has been arrested at his residence on suspicion of mismanagement of public funds.

Simon was a former Communication Minister, and was also a former head of a regional public investment fund. Simon was a member of Ethiopian Peoples Revolutionary Democratic Front (EPRDF).

Zigale Gebeyehu, head of the regional anti-corruption bureau told local journalists that Bereket was detained on suspicion of corruption and now held in police custody in Bahir Dar city, the capital of the region.

Also arrested was a former civil servant, Tadesse Kassa, who was also a former board member of TIRET.

Prime Minister Abiy Ahmed has been pursuing a nationwide crackdown on graft in the public sector since taking office last year

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