Latest news with #Angolan
The South African
15 hours ago
- Sport
- The South African
Orlando Pirates and Kaizer Chiefs chase Angolan superstar!
Orlando Pirates and Kaizer Chiefs are reportedly in the race for Angolan forward Laurindo Depu Aurelio, who is on the books of Portugal's Gil Vicente but spent the season with Serbian giants FK Vojvodina Novi Sad. The 25-year-old has amassed three international caps (netting twice), and is currently valued at around R5 million, according to 'What I can tell you is that both teams had their scouts there. The scouts were all happy with what they saw in Depu and they enquired about him,' a source confirmed. 'Apparently Kaizer Chiefs wanted their defender Inacio Miguel to help them talk to the player and his representatives. And Orlando Pirates also believed to be willing to talk to the player. They have their different reasons but apparently the scouts from both clubs are happy with what they saw.' A second source reaffirmed the links, saying, 'Apparently Chiefs don't want to dwell much on Feisal Salum if the price is still that high and will now consider Depu.' 'But the problem is Depu is now based in Portugal and it could also be another challenge. However it's believed that they want to use Inacio Miguel to bring Depu to Naturena. So let's wait and see.' Meanwhile, Orlando Pirates are said to be closing in on Zimbabwean sensation Prince Ndlovu: 'Highlanders FC value Prince (Ndlovu) and that's why they are pricing him at around R15million,' a source revealed. 'For now this price is believed to be directed at South African team Orlando Pirates because apparently they are the ones who have enquired about his services. Highlanders believe it's a fair price looking at his talent, quality and future ahead of him.' Let us know by leaving a comment below, or send a WhatsApp to 060 011 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
2 days ago
- Sport
- The South African
Kaizer Chiefs and Orlando Pirates chase Angola's Laurindo Depu
Kaizer Chiefs and Orlando Pirates are now battling for the signature of a COSAFA Cup star that has caught the attention of South Africa's biggest football clubs. Laurindo Depu Aurelio became the standout player of the 2025 COSAFA Cup, clinching the Golden Boot with an impressive eight goals. The Angolan forward's red-hot form did not go unnoticed, with both Chiefs and Pirates closely tracking his performances during the tournament. A well-placed source revealed that scouts from both camps monitored Depu throughout the competition. 'What I can tell you is that both teams had their scouts there. The scouts were all happy with what they saw in Depu and they enquired about him. Apparently Chiefs wanted their defender Inacio Miguel to help them talk to the player and his representatives. And Pirates also believed to be willing to talk to the player,' the source shared. Kaizer Chiefs appear to be accelerating their interest in Depu as a potential alternative to Feisal Salum. With the Tanzanian midfielder likely out of reach for this transfer window, the Glamour Boys are turning their attention to bolstering their attacking options. Depu, 25, is currently contracted to Portuguese outfit Gil Vicente. But spent the previous season on loan at Serbian side FK Vojvodina. His international record with Angola speaks volumes, and his two goals against South Africa in the COSAFA Cup final, which Angola won 3-0, sent a clear message to Betway Premiership scouts. Orlando Pirates have also thrown their hat into the ring. The Bucs, known for pouncing on top African talent, view Depu as a valuable addition to their striking department. With both clubs expressing concrete interest. The Soweto derby could extend to the transfer market in what may be a fierce battle for Depu's signature. Which team would suit Depu best? Kaizer Chiefs or Pirates? Let us know by leaving a comment below or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X, and Bluesky for the latest news.
TimesLIVE
2 days ago
- Business
- TimesLIVE
Rwanda, DRC initial peace agreement ahead of signing next week
Rwanda and Democratic Republic of Congo (DRC) technical teams initialed a draft peace agreement that is expected to be signed next week, the two countries and the US said on Wednesday, aiming for an end to fighting in eastern DRC. The provisional agreement, announced in a joint statement, could mark a breakthrough in talks held by President Donald Trump's administration to end the fighting in eastern DRC and bring billions of dollars of Western investment to the region, which is rich in minerals including tantalum, gold, cobalt, copper and lithium. The provisional agreement, reached after three days of talks, addresses territorial integrity and a prohibition of hostilities and the disengagement, disarmament, and conditional integration of non-state armed groups, according to the statement. The agreement also includes provisions on the establishment of a joint security mechanism that incorporates a proposal discussed by the parties last year under Angolan mediation. The ministerial signing of the agreement is scheduled for June 27.
Business Wire
2 days ago
- Business
- Business Wire
Maurel & Prom S.A.: Signing of an SPA to acquire additional interests in Blocks 3/05 and 3/05A in Angola
PARIS--(BUSINESS WIRE)--Regulatory News: Etablissements Maurel & Prom S.A. (Paris:MAU) ("M&P", the 'Group') is pleased to announce it has agreed to jointly acquire, alongside Afentra plc ('Afentra'), Etu Energias S.A.'s ('Etu') 10% interest in Blocks 3/05 and 13.33% interest in Block 3/05A in Angola (the 'Acquisition'). M&P has signed a Sale and Purchase Agreement ('SPA') with Etu for its 50% share of the Acquisition which is subject to customary closing conditions including approval from Angolan authorities. M&P will acquire an additional interest of 5% in Block 3/05 and 6.67% in Block 3/05A, with an initial consideration of $23 million. A contingent consideration of up to $11 million may be payable, linked to a combination of oil price thresholds, production performance, and the successful development of existing discoveries. The acquisition will be funded entirely from M&P's existing cash resources and available credit facilities ($377 million as of 31 March 2025, proforma finalisation of the accordion in early April). Olivier de Langavant, Chief Executive Officer of M&P, declared: ' This transaction marks a further step in the expansion of M&P's footprint in Angola, a country where we see strong potential for long-term value creation. By increasing our interests in Blocks 3/05 and 3/05A, we reinforce our commitment to stable, producing assets with upside from development and near-field exploration. We are also pleased to strengthen our collaboration with our partners, including Sonangol and Afentra, as we continue supporting Angola's upstream sector. ' Transaction overview M&P has signed an SPA to acquire 50% of Etu's working interests in offshore Blocks 3/05 and 3/05A, consisting in a 5% non-operated working interest in Block 3/05 and a 6.67% non-operated working interest in Block 3/05A. The effective date of the transaction is 31 December 2023. The total headline cash consideration payable by M&P at completion is $23 million. This includes $22 million for the Block 3/05 interest and $1 million for the Block 3/05A interest. The consideration is on a cash-free, debt-free basis and is subject to customary adjustments for working capital and crude inventory balances between the effective date and completion. Based on current estimates, these adjustments are expected to result in a material reduction to the final cash consideration payable at completion. M&P may pay up to $6 million in contingent consideration for Block 3/05: This applies only to the years 2025 and 2026, with the annual contingent payment capped at $3 million; Payments are based on a sliding scale of average annual Brent oil price between $75 per barrel and $123 per barrel; and Only if average gross production exceeds 15,000 barrels of oil per day for the relevant year. A further contingent consideration of up to $5 million may be made in connection with the Caco-Gazela and Punja discoveries on Block 3/05A: Two payments of $2.5 million each are payable one year after first oil from each development; Subject to a minimum Brent price of $75 per barrel and gross production averaging at least 5,000 bopd during the twelve months following first oil; and First oil must occur by 31 December 2029 for the contingent payments to become due. Following completion of the Acquisition, the joint venture partners across both Blocks 3/05 and 3/05A will be comprised as follows: Next steps Completion of the Acquisition remains subject to customary conditions precedent, including government approvals in Angola and finalisation of definitive documentation. M&P expects closing of the Acquisition to take place in the second half of 2025. Asset description Located offshore in the Lower Congo Basin of Angola, Blocks 3/05 and 3/05A are mature, producing assets comprising several oilfields developed since the 1980s, with a strong track record of production. It benefits from established infrastructure and ongoing redevelopment efforts aimed at enhancing recovery. M&P has been a partner on these blocks since 2019. Before the Acquisition, it held a 20% interest in Block 3/05 and a 26.67% interest in Block 3/05A. As of Q1 2025, gross production on Blocks 3/05 and 3/05A was respectively 21,300 bopd and 800 bopd. Glossary For more information, please visit This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production rates and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage. Maurel & Prom is listed on Euronext Paris CAC Mid & Small – CAC All-Tradable – PEA-PME and SRD eligible Isin FR0000051070 / Bloomberg / Reuters
Straits Times
2 days ago
- Politics
- Straits Times
Rwanda, DRC initial peace agreement ahead of signing next week
WASHINGTON/KINSHASA/DAKAR - Rwanda and Democratic Republic of Congo technical teams initialed a draft peace agreement that is expected to be signed next week, the two countries and the United States said on Wednesday, aiming for an end to fighting in eastern Congo. The provisional agreement, announced in a joint statement, could mark a breakthrough in talks held by President Donald Trump's administration to end the fighting in eastern Congo and bring billions of dollars of Western investment to the region, which is rich in minerals including tantalum, gold, cobalt, copper and lithium. The provisional agreement, reached after three days of talks, addresses territorial integrity and a prohibition of hostilities and the disengagement, disarmament, and conditional integration of non-state armed groups, according to the statement. The agreement also includes provisions on the establishment of a joint security mechanism that incorporates a proposal discussed by the parties last year under Angolan mediation. The ministerial signing of the agreement is scheduled for June 27. Rwandan and Congolese experts reached an agreement twice last year under Angola mediation on the withdrawal of Rwandan troops and joint operations against the Rwandan Hutu rebel group FDLR, but ministers from both countries failed to endorse the deal. Angola stepped down in March from its position as a mediator between the parties involved in an escalating Rwanda-backed rebel offensive in eastern Congo after several attempts to resolve the conflict. Fighting in eastern Congo escalated this year as Rwanda-backed M23 rebels staged an advance that saw it seize the region's two largest cities, raising fears of a wider conflict. Congo says Rwanda is supporting M23 by sending troops and arms. Rwanda has long denied helping M23, saying its forces are acting in self-defence against Congo's army and ethnic Hutu militiamen linked to the 1994 Rwandan genocide that killed around 1 million people, mostly ethnic Tutsis. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
