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AFRICANGLOBE - Uganda on Wednesday signed a Memorandum of Understanding (MoU) on the sustainable development of petroleum resources discovered in the country with licensed oil companies. The signing of the memorandum is seen as the first step in speeding efforts to start oil production, while offering a roadmap for the commercialisation of petroleum resources.
AFRICANGLOBE - President Goodluck Jonathan’s official 4-day visit to China has culminated in the signing of at least nine memoranda of understanding (MOUs) between Chinese investors and the Nigerian government and private sector at the Nigeria-China Investment Forum in Beijing.
The United States EXIM Bank has signed a Memorandum of Understanding (MoU) with Nigeria's Federal Government to provide $1.5billion as its commitment towards the...
Kenya will sign a Memorandum of Understanding on development with General Electric Company. This was agreed after the company's top executive led by its chairman and chief executive Jeffrey Immelt, and the President and CEO for Africa, Jay Freland were hosted by the vice president Kalonzo Musyoka at an inter-ministerial round table meeting in Nairobi yesterday.
A Chinese contractor, the Great Wall Drilling Company, has secretly signed a memorandum of understanding with the Kenya government to drill 80 geothermal wells, with funding expected to come from the Chinese Exim Bank.