Home Business Coris Investment Group Acquires TotalEnergies’ Assets in Burkina Faso
BusinessNews

Coris Investment Group Acquires TotalEnergies’ Assets in Burkina Faso

1.2k

French oil and gas giant TotalEnergies is selling its assets in Burkina Faso to Coris Investment Group, RTB has reported. This move comes weeks after the company transferred its operations in Mali to Coly Énergie Mali, a local energy firm.

While the terms of the acquisition in Burkina Faso have not been disclosed, the terms of the Malian acquisition ensured that all 1,109 employees of TotalEnergies would retain their jobs. On January 23, a delegation from Coly Énergie, led by newly appointed Chairman René Hounsinou, met with Malian Prime Minister General Abdoulaye Maïga. During the meeting, they introduced the company’s new leadership and reassured the government of continued operations without disruptions.

The Malian government welcomed the acquisition, seeing it as a positive step for the country’s energy sector, with potential benefits for the local market and employment. TotalEnergies has operated in Mali for over 60 years, playing a key role in the oil and gas industry and, more recently, in renewable energy through its affiliate, Total Eren.

Read Also:

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Nigeria’s External borrowing
FinanceNews

Tinubu Government Delays Release of Signed Tax Acts to the Public

Four days after President Bola Tinubu announced the signing of four tax...

one-party state in Tinubu's administration
News

As Tinubu Urges Africa-Caribbean Unity in Saint Lucia, Over 272 Nigerians Killed in June Alone

While Nigerians deal with deadly violence, worsening hunger, and mass flooding, President...

BusinessNews

You Can’t Tax a Dead Economy: Nigeria Is Suffocating Under Its Own Policies

As Nigeria’s Central Bank clings to its benchmark interest rate of 27.5...

News

“Wike is Not a Blessing to Us, He’s a Disaster” — Workers Protest in Nigeria’s Capital Over Unpaid Wages, Poor Working Conditions

Staff members of the Federal Capital Territory Administration (FCTA) in Abuja barricaded...