Nigeria: Shell invests in Bonga North deep-water project - ITREALMS

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Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. 

Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest.

Strategic: NASENI invests in Powerstove to boost production - ITREALMS

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The National Agency for Science and Engineering Infrastructure (NASENI) has announced its first-ever investment in Powerstove, a pioneering Nigerian company specializing in the production of cookstoves, having significant experience in carbon credit projects.

This strategic investment marks a major milestone in NASENI's on-going efforts to combat global warming and foster a sustainable ecosystem by Nigerian companies dedicated to decarbonization.

Saudi Telecom invests N1.7trn on Telefonica - ITREALMS

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The Saudi Telecom Company (STC) has invested for a 9.9 per cent interest in Telefonica with the sum of €2.1 billion, about N1,700,176,044,000.00 trillion, thereby increasing investments outside of its home market, reports ITREALMS.

A press statement available to ITREALMS, STC is backing Telefonica’s current leadership and strategy claimed it had no intention of acquiring control or a majority stake in the Spain-based operator group.

2023 Inspiration Challenge: OPPO invests USD $440,000 - ITREALMS

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OPPO Research Institute in global partnership with the Qualcomm Technologies, GSMA 5G IN, Amazon Web Services and LinkedIn, announced the launch of 2023 OPPO Inspiration Challenge on the World Smile Day. Based on the brand proposition of "Inspiration Ahead", OPPO and its global technology ecosystem partners aim to bring new and innovative solutions to life by providing funding, support and partnership opportunities. By working together, OPPO hopes these innovations can create a positive impact, and encourage greater awareness of the issues that affect global communities.

2023 OPPO Inspiration Challenge – Call for proposals
OPPO and partners pledged funding and technical support for innovative proposals.