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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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Mnangagwa wins Zimbabwe Presidential Election


Mnangagwa


By Favour & Akinola Ajibade


Zimbabwe Electoral Commission, Zimbabwe Electoral Commission (ZEC) has announced Emmerson Mnangagwa as the winner of its just concluded Presidential Election.

The body said that Mnangagwa polled 52.6% of the votes cast.

Nicknamed “The Crocodile” for his ruthlessness, Mnangagwa is Zimbabwe’s third president.

He became leader after a 2017 coup that ousted Robert Mugabe who had ruled the southern African nation for 37 years.

According to ZEC, the candidate of the Citizens’ Coalition for Change (CCC), Nelson Chamisa secured 44% of the vote.

Mnangagwa received more than 2.3 million votes, while Chamisa garnered 1.9 million, ZEC said.

Voter turnout in the country of almost 16 million was 69%.

The constitutional court has upheld the result of the election, amid claims of rigging from the opposition.

Promise Mkwananzi, a spokesman for the Chamisa’s Citizens Coalition for Change (CCC) said the party had not signed the final tally, which he described as “false”.

While speaking with newsmen, he said,“We cannot accept the results,” adding the party would soon announce its next move.

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