Oando Plc Favour Ifeoluwa & Akinola Ajibade Oando Plc says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc, Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
By Akinola Ajibade
African countries would get rid of hunger and famine caused by the war in Russia and Ukraine soon,.if plans by the African Development Bank( AfDB), United Nations ( UN) and other Multilateral Agencies to boost food supply in the continent, is anything to go by..
This happens as AfDB and other Developmtal Agencies are making plans to improve food production in Africa in order to avert the heavy toll, which the on-going Russia-Ukraine war would have on the African continent
Russia is one of the major producers/ exporters of wheat in the world, a development, which its. war with Ukraine has affected
The report said that immediate and efficient use of all existing mechanisms to help countries directly suffering from the war and its consequences are urgently needed.
Speaking on the issue the African Development Bank Group President Dr. Akinwumi . Adesina said that the need to lessen the impacts of the Russia-Ukraine war on Africa is important.
He noted that the Bank has an emergency food plan for countries in the continent, adding that efforts are being made to build on the success of the programmes, especially the African Development Bank’s Technologies for African Agricultural Transformation (TAAT) initiative to raise food production in countries in the continent.
The Bank, he said, would help 40 million farmers increase their harvests of heat-tolerant wheat varieties, rice, soybean and other crops to feed about 200 million people.
“If ever there was a time to drastically raise food production in Africa, it is now,” he added.
Prior to this period, the United Nations, according to its Secretary-General Antonio Guterres announced had in March this year, established 32-member UN Global Crisis Response Group.
The members of the group, he said, iare the heads of the various organizations in the world, stressing that they found out that 41 African countries are facing maximum exposure to at least one emergency caused by the war
“The war is supercharging a three-dimensional crisis – food, energy and finance – that is pummeling some of the world’s most vulnerable people, countries and economies, , Gutteres said.
He said that the Global Crisis Response Group will help decision-makers around the world mobilize solutions and develop strategies and recommendations to help all countries—including the most vulnerable—weather the interlinked crises.
Guterres further said that action plans recommended by Global Crisis Response Group described African countries as the most vulnerable to the looming crisis.
Recall that 1.7 billion people in 107 economies are exposed to at least one of the three risks highlighted by the Global Crisis Response
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