Search

ENI to Sell 30% Stake in Ivorian Exploration Operations for €1 Billion

Allen dreyfus Logo
© Allen Dreyfus
  • ENI aims to raise €1 billion by selling a 30% stake in its Ivorian exploration operations
  • The move is part of an €8 billion diversification strategy targeting global operations

 

Paris, France – Italian energy giant ENI is planning to sell a 30% stake in its exploration operations in Cote D’Ivoire, seeking to raise €1 billion as part of its €8 billion target to diversify its global operations, according to local reports.

Recent Business

Jeremy Awori, Group CEO of Ecobank Transnational. Photo @Ecobank Group/Facebook
Ecobank’s $500mn capital raise: growth story or defensive gamble amid Nigeria drag?
Read More »
Stephen Blewett, CEO of MTN Ghana at the company's AGM in Accra. Photo by MTN Ghana/Facebook
MTN’s $1bn bet: Can Ghana turn digital ambition into an African innovation engine?
Read More »
Africa Fintech startups are struggling. Photo @Pexels
Why Africa’s fintech start-ups are losing the fight for survival
Read More »

Recent Politics

Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Treason case lays bare Nigeria’s hidden power struggles under Tinubu
Read More »
Benin Finance Minister Romuald Wadagni. Photo @Romuald Wadagni/Facebook
Benin election 2026: From fiscal discipline to political delivery - Wadagni’s real test begins
Read More »
Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
Read More »

Latest Posts

Latest news insights