State-run Tanzania Petroleum Development Corporation (TPDC) is currently in negotiations with Africa's richest man, Aliko Dangote (photo) as regards the supply of natural gas to the Dangote Cement factory in Tanzania. The $500 million cement factory in the southeastern Tanzanian town of Mtwara, was established in 2015, with a yearly capacity of 3 million tonnes. The facility operates on...

Indigenous oil and gas company, Southfield Petroleum Limited, has signed an Equipment, Procurement and Construction (EPC) contract with China Machinery Engineering Corporation (CMEC) to build a 250 million standard cubic feet per day gas processing facility in Nigeria. The project, which is worth $198 million, has been planned for completion by 2018 and is expected to be sponsored by the...

Guinea’s minister for land development and urbanism, Louceny Camara, interviewed by Africaguinée, reaffirmed its will to hunt all the illegal residents of state lands. His determination translated into the ongoing State land recovery operation. Though he said no one would receive a treatment of favor, the official said the evicted residents will be compensated upon presenting a documented...

Crédit du Maroc plans to invest 200 million dirham ($19.96 million at the current rate) in 2017 and 218 in its technological infrastructure. The information, which was disclosed in the note for the bond that the lender is issuing, indicates that 100 million dirham will be invested next year. A fourth of this sum will be used to develop the participative bank. 15 million dirham will be...

The Nigerian group Heirs Holdings owned by businessman Tony Elumelu signed two memoranda of understanding with Moroccan banks Attijariwafa and Banque Centrale Populaire. The MoUs were signed during an official visit of King Mohammed VI to his Nigerian counterpart Muhamadu Buhari. With Banque Centrale Populaire, Heirs Holding said it would work on financing, co-investment and information...

Lucara Diamond announced it has ended its contract with Eqstra Botswana who provides it mining services at its Karowe diamong project in Bostwana. The firm highlighted said the five-year contract, signed in December 2014, was terminated on November 29, 2016, and that all associated works were to end on December 13, 2016. It added that it has already started seeking for another mining...

Angolan textile firm Lassola, former Africa Textil, re-started its activities on November 31, 2016, Angop reports. Situated in Benguela, the plant should produce every year, 1.2 million towels, 1.6 million bed sheets, and 120,000 blankets made with cotton to satisfy the local demand for textile products. According to Yashima Moto, industrial chief of Lassola, it will import in a first stage,...

Addressing the press last December 1, the president of the federation of independent syndicates, surveyors and topographers of Cote d’Ivoire (FESIGT-CI), Yoboué Bodoua Sévérin Arsène, painted quite a gloomy picture of the Ivorian land industry. Most preoccupying topics include the management of the allotment’s regularization, how land developers work and the issuance of a definitive...

The Mauritanian group AON (diversified group, holding the Banque National de Mauritanie) and Algerian Copresud (diversified group with assets in oil sector services) entered into partnership to explore potentialities of Algerian and African markets. The firms announced joint-ventures in agriculture (for cereals farming) and maritime drainage. “This partnership targets projects worth millions...

Egypt saw an increase in natural gas production from 4.35bcf/d to 4.45bcf/d in November with the connection of new wells to the national grid to make up for the falling rates in gas production. According to a source at the Egyptian Natural Gas Holding Company (EGAS), the country added new wells with capacity of 100Mmcf/d of gas to production, thereby boosting the total local...