Land Policy Initiative (LPI), in partnership with the International Fund for Agricultural Development (IFAD) and the European Union (EU), have launched in the Democratic Republic of Congo (DRC) a pilot project to mainstream land governance challenges in agriculture. This took place at a workshop co-organized by LPI and the DRC’s government. “The pilot project will help the country mainstream...

MX Oil Plc has on Thursday announced the Aje-5 well, located within OML 113 in Nigeria, has resumed oil production with oil lifting having taken place in July. According to the company, the well recommenced production following a period of limited output caused by mechanical problems. It should be recalled that Panoro Energy, a partner on the field, announced in its third quarter 2016 financial...

The Ministry of Petroleum has on Thursday launched the Nigerian Content Development Fund (NCDF) with an initial value of $200 million to support local oil and gas firms. This is in line with efforts by the government to improve access to low-cost credit across the economy. According to the Minister of State for Petroleum, Emmanuel Kachikwu (photo), the fund would provide finance to energy...

The Russia Federation has agreed to partner with Nigeria to intensify the fight against terrorism in Nigeria and the Lake Chad basin region. The agreement was reached on Wednesday during a meeting between Russian Defence Minister, General Sergei Shoigu, and Nigeria’s Defence Minister, Mansur Dan-Ali, in Moscow. According to Tukur Gusau, the Public Relations Officer to the Nigerian Minister of...

Foreign capital for new investments in Africa soared by 40% in 2016 to $92.3 billion. This was disclosed by Financial Times in its 2017 report on investments in Africa. The document also indicates that the number of projects that received these funds decreased by 16% to 602. According to Adrienne Klasa, author of the report, this trend is to be attributed to an increase in prices of fossil...

The China Civil Engineering Construction Corporation (CCECC) on Tuesday disclosed that the first phase of a rail transit project in Abuja, Nigeria will be commissioned by December. Addressing reporters in Abuja, Project Manager, CCECC, Kong Tao, explained that the rail transit project, which costs $823 million, has a length of 45 km with 12 passengers' stations. The rail, he said, links...

Over the first seven months of 2017, Algeria’s trade deficit has slumped 42%. Indeed, the value which stood at $10.61 billion a year earlier, over the same period, fell to $6.17 billion. The country’s customs office believe the decrease is due to exports rising, by 25.6%, to $20.71 billion (against $16.55 billion in 2016), while imports decreased slighted...

Over the 2016-17 season, Rwanda’s meat exports generated $22.9 million of revenues, up 30% compared to 2015-16. The increase is due to volumes sold rising and global prices of the commodity also, over the period. According to data from Rwanda’s agricultural exports office reported by Newtimes, volumes exported soared 17% to 6,200 tons. Meanwhile, a kg of meat was sold for $3.67...

On October 4-5, 2017, Stockholm, Sweden’s capital, will host the 3rd international conference on community land and resource rights. The event which will be held under the theme “Reducing inequality in a turbulent world: Scaling-up strategies to secure indigenous, community, and women’s land rights”, will be co-organized by Ngo Rights and Resources and Swedish International Development...

In Nigeria, the Cross River State Government has discovered new solid mineral deposits across the three Senatorial Districts of the state. These deposits, if properly utilized would greatly transform the economy of the state and reduce its reliance on federal allocations, according to the state’s Commissioner for Solid Minerals, George Oben’Etchi. According to him, the discovery comes after...