AGP Executive Report
Last update: 7 hours agoOil & Gas Expansion: Petrobras keeps growing abroad, adding new offshore Cote d’Ivoire production-sharing blocks and weighing further investment opportunities in Mexico and Venezuela, with recent acquisitions also reaching Namibia, South Africa, and São Tomé and Príncipe. Offshore Exploration Watch: Galp Energia signs a tentative deal to run exploration studies on offshore Equatorial Guinea blocks EG-02, EG-09 and H, with the company already active as a partner in ultra-deepwater acreage near São Tomé and Príncipe. Trade Facilitation: The EU-WCO Rules of Origin Africa Programme is building local know-how, with Customs officers from Nigeria, Comoros, Morocco, The Gambia and São Tomé and Príncipe completing training-of-trainers workshops to strengthen rules-of-origin implementation for preferential trade deals. Aviation Safety: The EU updates its Air Safety List—Kyrgyzstan’s certified carriers are removed, while Air Express Algeria is added and barred from operating in the EU. Finance Oversight: African banking supervisors meet in Yaounde to tackle emerging risks, including digital fraud, cybersecurity, AI and climate risks, aiming to keep financial systems stable. Regional Banking Leadership: Afreximbank appoints Peter Adeshola Olowononi as director of regional operations for Southern Africa, bringing experience across client relations that included São Tomé and Príncipe.
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