DIPLOMATIC ECONOMY

DIPLOMATIC ECONOMY

Europe Announces Major Release, Review Of Public-private 5G Funds To Spur Economy

By James Blackman The European Commission has published a major review of funding for 5G-based and 5G-related industrial transformation, including €10 billion(US$12.18billion) of new public-private partnership (PPP) funding to drive the region’s digital and green agendas, and a series of “ambitious” recommendations to raise venture funding in home-gown 5G networks and 5G-based IoT applications. The commission has proposed 10 new ‘institutionalised European partnerships’, some building on existing projects, between the European Union (EU) and either member states or industry players. The EU will provide €10 billion of funding, which will...
DIPLOMATIC ECONOMY

Delegation Of Nigeria’s Ministry Of Petroleum Resources Holds A Bilateral Meeting With The Ministry Of Mines And Hydrocarbons Of Equatorial Guinea

By Precious John, Special Correspondent Minister of Mines and Hydrocarbons of Equatorial Guinea H.E. Gabriel Mbaga Obiang Lima met with Minister of State Petroleum Resources of Nigeria H.E. Timipre Sylva, at the presidential palace in Malabo intending to strengthen bilateral relations between the two countries. The meeting included a signing of a memorandum of understanding (MoU) which will consolidate new opportunities for the hydrocarbons sector for both countries and, allow the counterparts to collaborate on maritime piracy protection strategies as security remains a major concern for energy infrastructure, with attacks...
DIPLOMATIC ECONOMY

Cameroon’s Tradex Inaugurates Its First Service Station In Equatorial Guinea As Part Of Its Expansion Plan

By Precious John, Special Correspondent Equatorial Guinea’s Head of State H.E. Teodoro Obiang Nguema Mbasogo officially inaugurated Cameroonian oil operator, Tradex’s first service station last week after nine months of construction work. The new filling station located in Malabo II was constructed by Equatoguinean company, Alammarin For Construction SL and has a storage capacity of 100,000 litres of fuel and 300 tanks of 12.5kg of butane gas. The launch of Tradex’s flagship filling station in the country signals its entrance into Equatorial Guinea’s petroleum products market and, forms part of...
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