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Oando Acquires Oil Block In Angola

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...
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Ruto officially becomes President, promises to revamp Kenya's economy

Ruto at his wearing 

 

By Akinola Ajibade


Kenya, yesterday, sworn in Dr William Ruto, as the fifth democratically elected President  of the East African Country, amidst pledge to revive the economy, which has in recent times, plagued by a soaring inflationary rates, huge unemployment among others. 

This came a week after the Supreme Court rejected a challenge by his main political opponent, Raila Odinga.

Odinga had appealed the election, which brought in Ruto, but the country's apex court upheld the result announced by the Independent Electoral and Boundaries Commission (IBEC) chair, Wafula Chebukati.

Since Ruto' s election weeks ago, many African leaders have congratulated him, as well as gracing his innuguration as the new President of Kenya. 

They include Nigeria’s Vice President, Professor Yemi Osinbajo,  Ugandan President Yoweri Museveni among others, who graciously attended the swearing in off Ruto, which took place at the 60,000-capacity Moi International Stadium, Kasarani, Nairobi, the nation’s capital.

Ruto

Ruto’s predecessor and former principal, Uhuru Kenyatta during the ceremony said, “My family and I join all Kenyans in wishing the very best to our next President Dr William Samoei Ruto and extending to him our warmest congratulations for receiving the mandate of Kenyans to lead us as our 5th president.”

Speaking on his new leadership role, Ruto, who was deputy president for a decade said, “A village boy has become the president of Kenya,” to the cheers of the crowd.

According to Reuters, the 55-year-old Ruto has the job of combating an economic crisis in East Africa’s wealthiest and most stable nation, where food and fuel prices are surging, unemployment is high and public debt

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