Business
Parliament Ratifies Jubilee and TEN License Extensions to 2040, Securing $2 Billion Investment for Ghana
In a landmark decision that cements the future of Ghana’s petroleum sector, Parliament has formally ratified the license extensions for the West Cape Three Points and Deepwater Tano Petroleum Agreements, which cover the prolific Jubilee and TEN fields.
The licenses will now remain in effect until 2040, unlocking a wave of new investment and ensuring sustained revenues for the nation.
The ratification, announced on Friday February, 20, 2026, by operator Kosmos Energy, concludes a strategic negotiation process that positions Ghana to maximize the long-term value of its premier offshore assets. The company confirmed it played a leading role in progressing, negotiating, and executing the extensions alongside the Government of Ghana.
Economic and Energy Security Boost
The extended agreements are expected to channel up to $2 billion in incremental investment into the Ghanaian economy over the coming years. A key component of the renewed contracts includes a commitment to deliver higher volumes of affordable natural gas from the fields to support domestic power generation, bolstering the country’s energy security and supporting industrialization efforts.
Beyond investment, the extended lifespan of the fields ensures a prolonged revenue stream for the state through royalties, corporate taxes, and petroleum holdings. This provides a stable fiscal foundation for national development planning for the next 14 years.
Driving Future Production from a World-Class Asset
As part of the amendments to the Jubilee plan of development, the partnership will drill up to 20 additional wells in the field. This intensive drilling campaign is expected to significantly enhance recovery and increase Jubilee’s 2P (proved and probable) reserves.
The operational benefits of the extension are already evident. Kosmos reported that gross daily production from the Jubilee field has surged past 70,000 barrels of oil per day (bopd) in February month-to-date, driven by the successful ramp-up of the J74 well, which came online in early January and is now producing approximately 13,000 bopd.
Furthermore, the first well of the five-well 2026 drilling campaign, J75, has been successfully drilled, encountering approximately 40 meters of net pay. It is expected to come online around the end of the first quarter, mirroring the multi-zone completion strategy that proved successful with recent wells.
“This improved performance, combined with the financial progress we are making, strengthens the resilience of the company and ensures we are well positioned to create long‑term value for our shareholders,” said Andrew G. Inglis, Kosmos Energy’s chairman and chief executive officer, while highlighting the company’s record production levels.
The license ratification represents a significant vote of confidence in Ghana’s investment climate and its deepwater potential, ensuring that the Jubilee and TEN fields continue to be a cornerstone of the national economy for a generation.
Business
Young Self-Taught Black Inventor Julian Brown Develops Revolutionary Plastic-to-Fuel Technology
Atlanta, USA – A young Black inventor from Atlanta, Julian Brown, has stunned the scientific community and gone viral worldwide after developing a backyard process that converts everyday plastic waste into usable diesel, gasoline, and jet fuel.
Born in Tennessee and raised in Atlanta, Brown — a self-taught welder with no formal degree or laboratory — created a system called “Plastoline.”
Using an upgraded form of pyrolysis (a thermal decomposition process), enhanced with microwaves and solar energy for cleaner conversion, he built a small reactor capable of turning discarded plastics back into high-quality fuel.
Independent tests reportedly confirmed that the diesel and gasoline produced are among the most refined seen, and he has successfully powered vehicles with the fuel in live demonstrations.
Brown launched a startup called Nature Jab and began sharing his experiments on Instagram and TikTok, where the videos quickly gained millions of views globally. Despite suffering second-degree burns in a reactor explosion, he refused to abandon the project.
He attempted to raise $1 million to scale the technology but secured only tens of thousands of dollars. In July 2025, he posted that he was under attack before temporarily vanishing from public view.
He has since re-emerged, with supporters calling for his protection and greater investment in his work.
The innovation has sparked particular excitement across Africa, where plastic waste accumulates in massive quantities in landfills and communities.
Experts say Brown’s technology could offer a practical solution for turning waste into energy, addressing both environmental pollution and fuel shortages on the continent.
Commentators have criticised the lack of substantial support from investors and the broader community, questioning why a breakthrough with such transformative potential, especially from a young Black inventor, has not received wider backing.
Business
MTN Signals Major Data Center Investment Plans in Ghana
Accra, Ghana – MTN Group is exploring significant investments in data centers in Ghana as Part of its digital push.
The telecoms giant says the move is a natural extension of its broader digital infrastructure strategy in one of its most important African markets.
Group Chief Executive Officer Ralph Mupita made the announcement during a strategic visit to Ghana at the beginning of 2026. He said the company is keen to partner with both public and private stakeholders to develop large-scale data centers that would enhance cloud computing, data storage, and digital service capabilities across the country.
Mupita stated that such facilities are critical to supporting Ghana’s long-term digital transformation and economic growth.
He acknowledged, however, that establishing world-class data centers would require addressing key infrastructure challenges, particularly reliable power supply, suitable land, and advanced cooling systems. MTN is therefore considering collaborative models to ensure projects meet both commercial viability and sustainability standards.
During his engagements, Mupita held discussions with MTN Ghana’s leadership, regulators, and senior government officials, including the Bank of Ghana, the Ghana Investment Promotion Centre, and Minister for Communications, Digital Technology and Innovations, Sam George.
He described Ghana as a priority market that “feels like home” and reaffirmed the Group’s commitment to deepening investments in digital infrastructure and financial inclusion.
On the fintech front, Mupita highlighted plans to expand mobile money services while working closely with the central bank to strengthen fraud prevention through artificial intelligence.
The visit underscored MTN’s ambition to remain a key partner in Ghana’s digital economy, driving innovation, job creation, and inclusive growth.
MTN Ghana (Scancom PLC) is the dominant telecommunications market leader in Ghana and has been recognized as a top-performing operation within the MTN Group. The company is actively shifting from a traditional telco to a technology platform company, with a focus on fintech (Mobile Money) and digital inclusion.
Business
New Cashew Processing Plant and Fertilizer Facility to be Set Up in Ghana
Accra, Ghana – Ghana’s Ministry of Food and Agriculture has signed three Memoranda of Understanding with Chinese firm SENTUO Group Limited to drive agro-industrial growth through major new investments in processing, fertiliser production, and farmer support services.
The agreements, signed in Accra on Tuesday, include the establishment of a cashew processing plant at Sampa in the Bono Region and a fertiliser manufacturing facility. SENTUO will also roll out 30 Farmer Service Centres nationwide to improve access to quality inputs, mechanisation services, and technical support for farmers.

The projects are expected to create significant employment opportunities, particularly for young people, while enhancing value addition and reducing Ghana’s reliance on raw commodity exports.
Minister for Food and Agriculture Eric Opoku described the partnership as a major step toward the government’s Agriculture for Economic Transformation Agenda.
“We are ready to industrialise Ghana’s agriculture,” he said, adding that the cashew plant will process both nuts and apples to maximise returns across the entire value chain.
He emphasised the need to move from exporting raw produce to building a vibrant, value-driven agro-industrial economy.
The Chairman of SENTUO Group Limited, Xu Mingjuan, said the company’s nearly 20 years of operation in Ghana and the current government’s 24-hour economy policy had encouraged further investment. He confirmed that engineers have already started preliminary work on the projects.
The deals signal growing Chinese interest in Ghana’s agricultural transformation and are expected to strengthen food security, boost exports, and create sustainable jobs across the value chain.
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