Belarus agricultural machinery manufacturer Minsk Tractor Works will built a plant in the Mpumalanga province, South Africa, 330km east of Johannesburg, the Belarus Industry ministry announced in a statement published on December 12. According to the memorandum of understanding signed by Minsk Tractor Works and South African authorities, the construction of the infrastructure will commence in...

Led by the Malagasy government from 2005 to 2015 to secure populations’ land rights, mainly customary, Madagascar’s land reform has yielded results. In fact, two studies providing an overview of the reform were recently published. “In 2005, they had been two innovations, and the idea was to better respond to the population’s need for tenure. The first step is decentralization: Here, the...

“It’s clear the transition to a clean energy future is inevitable, beneficial and well underway, and that investors have a key role to play,” said Ban Ki-Moon, the UN Secretary General, welcoming a study according to which investment funds valued at $5.2 trillion decided to sell off their fossil fuel assets. Published by Arabella Advisors, a philanthropist company, the study shows...

Portuguese bank BPI announced in a statement that its shareholders (83.2%of votes) have approved on December 13, 2016, the takeover by mobile operator Unitel of its Angolan subsidiary, Banco de Fomento Angola (BFA). The move will see BPI sell 2% of its 50.1% stake in BFA, to Unitel which used to hold 49.9%. The mobile operator will thus be holding 51.9% of the firm’s capital while the...

The Commissioner for Oil and Gas in Delta State, Mofe Pirah, has announced that Heritage Oil Limited and some other oil companies have showed interest in relocating their headquarters to the State. Heritage Oil is the new operator of OML 30. According to Pirah, the move was a new development bearing in mind the fact that militant groups like the Niger Delta Avengers (NDA) have continually...

Following the desertion of the construction of Uganda’s $4 billion oil refinery in June 2016, RT Global Resources, a Russian consortium, has decided to establish new terms for its contribution in the project. RT Global Resources, which is the highest bidder for the financing and construction of the refinery in Hoima, abandoned the deal after the Ugandan government failed to assure their...

Nigeria saw its crude oil production increasing to 1.782 million bpd in November surpassing that of Angola, thereby regaining its production as Africa’s top oil producer.The West African country in March lost the top position to Angola when its production fell to 1.677 million barrels per day, compared to Angola’s 1.782 million bpd, thanks to a rise in militant attacks on oil facilities in...

Apache plans to invest $100 million in horizontal drilling of 20 wells in the Apollonia field located in the Egyptian Western Desert so as to produce around 40Mmcf/d of gas from limestone. The US energy company intends to advance with the investments once trails on vertical wells prove successful. According to Khalda Petroleum’s CEO, Mohamed Abdel Azzim, Apache and Shell, together with...

Oryx Energies has completed the construction of a new Liquefied Petroleum Gas (LPG) cylinder filling and storage depot in Dodoma, marking the end of a key phase of investment in new and upgraded LPG facilities across the country over the past 18 months. The choice of Dodoma coincides with the Government’s recent decision to move all Ministries from Dar es Salaam to the country’s...

In Libya, the Rayayina Patrols Brigade of the Petroleum Facilities Guard have decided to put an end to a two-year-long blockade of two of the country’s key oil pipelines. The Rayayina pipelines transports crude oil to the Zawia refinery and the Mellitah terminals in western Libya from both the Al-Sharara and Al-Feel oilfields, which have been shut down since the pipelines were initially blocked...