During its latest media briefing in early June, ReconAfrica revealed the progress of its exploration work in Namibia's Kavango Basin.
On July 12, ReconAfrica provided an update on its petroleum and gas exploration activities in Namibia's Kavango Basin. The Canadian company, already involved in exploration in the region, has been authorized by the Namibian Ministry of Environment, Forestry, and Tourism to drill 12 more exploration wells in Petroleum Exploration License (PEL) 73. The latter is located in the northeastern part of the country.
The company plans to carry out these activities between July 2023 and July 2026. The primary objective of the project is to identify potentially exploitable petroleum and gas deposits. "The management is currently focusing on developing and prioritizing its inventory of prospects to execute a multi-well drilling program targeting the two primary zones: the Damara fold belt and the Karoo rift basin," the company stated.
Abdel-Latif Boureima
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Buenassa has submitted a $1.5bn bid to acquire Chemaf as part of a $3.5bn industrial plan The roadmap includes completion of Chemaf’s...
Government plans CFA-equivalent investment of 41.8 billion Congolese francs over 2026–2028 Funds target farm equipment purchases and rehabilitation of...
Two aging gas turbines commissioned in 1977 are being replaced at Port-Gentil Installed capacity is expected to rise to 40–50 MW from 25–30...
Togo plans to mobilize CFA35 billion ($63 million) in 2026 to finance decentralization and deconcentration reforms. The allocation represents...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...