Tanzania’s government expects its economy to grow by 7.5% in 2017 and 7.9% in 2018, up from 7.2% in 2016, Minister of Finance and Planning, Philip Mpango, said on November 2. “The macroeconomic objectives of the government are to attain gross domestic product growth (GDP) of 7.5 percent in 2017, followed by 7.9 percent in 2018”, Mpango told parliament. He added that the government...

Singapore’s maritime transport firm Pacific International Lines has commissioned on October 31 a logistics centre it has established in Egypt. Situated in Cairo, at the Al Tajamouat industrial park, the centre which covers 20,000 m² was commissioned as Singapore’s President, Tony Tan Keng, was officially visiting the Egyptian capital. Opening the centre which is equipped with advanced...

The African Development Bank (AfDB) provided Algeria a $1 billion loan to help it deal with deficit caused by slump in oil revenues. The funds will partly be used to support the government’s efforts regarding the mobilization of internal resources, in addition for investments aiming to improve business environment, which is to boost energy efficiency and promote renewable energies to be...

On November 2, 2016, Ngo Search for Common Ground has organized in Bujumbura a land-related experience-sharing workshop between Congolese and Burundian officials. Aspects discussed during the session include land-related innovations and the reform of land legislation in Burundi. “The aim is to gather State and civic society actors so they work in synergy on land. In Burundi, we want to boost...

Thirty (30) billion dollars. That’s how much the initiative in favor of the Adaptation of African Agriculture (AAA) plans to raise to fight global warming. Launched by Morocco, this initiative wishes to mobilize this sum during the COP22. According to the COP22’s team of media advisers, all African nations have factored agriculture in their national efforts to fight global warming. As the...

The Nigerian National Petroleum Corporation (NNPC) plans to join forces with the Republic of Niger on the purchase of crude oil for supply to the Kaduna refinery. The Group Managing Director of NNPC, Maikanti Baru, revealed this after a meeting with Niger’s Minister of Energy and Oil, Foumakoye Gado, in Abuja. According to Baru, NNPC also plans to partner with Niger as regards the sharing...

Sasol has commenced the drilling of a third well in its production-sharing agreement area in Mozambique. According to John Sichinga (photo), senior vice-president of Sasol Exploration and Production International, the company is making improvement on detailed design work for surface-processing facilities. He added that the first gas well had produced gas during well test and results were being...

SeaBird Exploration has announced that it has signed an agreement to provide a source vessel for an upcoming ocean bottom seismic survey in Gulf of Guinea. The project which is expected to begin by late Q4 2016 will have a duration of about two to three months. The company said the Osprey Explorer will be used for the project but did not disclose the name of the client, financial terms or...

Pura Vida Energy has been granted a 12-month extension to the current exploration phase of the Nkembe production sharing contract, offshore Gabon. According to the company, the extension will run till January 2018 with no further work commitments. The Australian oil exploration company which holds a 100% interest in the Nkembe production sharing contract, which contains the Loba oil discovery...

Maersk Oil has announced that it has decided not to give up on the Chissonga project in Angola, which it has been making efforts to develop for years now. Maersk Oil had revealed earlier this year, plans to reduce its US and Angola organizations, due to the challenging environment for deepwater development. This move had resulted in the shutting down of the company’s Houston office as well as...