Libya’s oil production during the weekend reached 685,000 barrels of oil per day (bpd) up from around 600,000 a day last month, an official from the National Oil Corporation (NOC) revealed. The country’s output increased following the lifting of the two-year blockade on key pipelines leading from the western fields of Sharara and El Feel. The NOC official said output has been rising...

Uganda’s government in partnership with Korea Rural Community Corp (KRC), is preparing in the Kibuku and Palissa districts, located in the Eastern parts of the country, a Sh4.5 trillion ($1.28 billion) irrigation project which will be spear-headed by the Ministry of Agriculture. “The project, which is to be constructed on River Mpologoma in Pallisa and Kibuku districts, is to run for 49...

Tunisian State Secretary in charge of land affairs, Mabrouk Korchid, announced on Dec 28, 2016, airing on Shems FM that 14,000 ha of State lands had been effectively recovered. The State has recovered 14,000 hectares of Public lands that were illegally occupied by citizens. Overall, 64,000 hectares of these lands were occupied illegally, Korchid said. Aiming to boost land’s contribution to...

In Q3 2016, Ghana’s year-on-year gross domestic product (GDP) grew 4%, against 3.6% the year before. This was revealed by the country’s statistics office which explained the increase by a greater oil output. “We saw the resumption of oil production from the Jubilee field [...] and this contributed to the increase in GDP for the quarter,” acting government statistician Baah Wadieh...

In 2016, Chad spent 235 days without internet or social networks. The situation was reversed last December 2, after restrictions imposed since February 27, 2016, were lifted. Borderless Internet conducted a study on the losses generated as a result of the situation. “These 235 days without social networks in Chad cost its economy €18 million, that is nearly CFA18 billion,” the...

By 2040, the renewable energy sector might create in Morocco between 270,000 and 500,000 jobs, reveals a study conducted by the Mediterranean Forum of Institute of Economic Sciences (Femise). According to the study, this potential will be sustained by growing interest and investment in this form of energy. Femise also said major opportunities could arise from challenges that the nation will face...

Ethiopian State-owned group the Ethiopian Agricultural Business Corporation (EABC) bought 936,430 tons of fertilizers for 6.4 billion birr ($286 million), Addisfortune revealed. 70% of the fertilizer comes from the Office Chérifien des Phosphates (OCP) and will be sent to Ethiopia through the ports of Djibouti and Sudan. “The importation of the fertilizers via Port Sudan will reduce the...

In Nigeria, many companies have suffered the drop in oil prices, as their operating costs surged significantly. Among these are companies from the Dangote Group. Additionally, the slump in oil revenues pulled the Naira down in June, subsequently reducing the value of Nigerian assets in US dollars. These two factors combined caused Dangote to lose $4.9 billion, a third of his wealth,...

During the council of ministers held on December 28, 2016, the government of Burkina Faso, based on an alarming report from the Parliamentary investigation commission for urban land, said all illegally acquired and occupied lands will be recovered. Released last October 13, the report revealed that more than 105,000 plots of lands, in urban areas, had been fraudulently awarded between 1995 and...

The government of Mozambique has announced that all measures has been put in place and the country is ready to switch to low-sulphur diesel from starting from June next year. The sulphur content of the diesel being imported by the Southern African country is at 500 parts per million (ppm) but this is to be substituted by diesel with only 50 ppm of sulphur from June. According to the national...