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Page : 1181 - Results of 11801 to 11810 from 15788 Results

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27/10/2016
Jacka Resources has announced that it is still considering withdrawal from Tanzania’s Ruhuhu Block following a failed farm-out campaign in September 2014. This, according to Oil News Kenya, is the second time the company has considered a withdrawal from the licence. It initially announced in November 2015 that its management was exploring all options including relinquishment as the farm-out...
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27/10/2016
The Federal Government of Nigeria has been given a 21-day ultimatum by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to put an end to the ongoing mass lay off of oil workers by foreign oil firms operating in the country. According to the union, international oil companies in Nigeria have sacked an estimated 3,000 workers due to the current economic recession in the country....
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27/10/2016
Zambia is to resume talks with the government of Angola as regards the construction of an oil pipeline, a senior government official said. According to the Minister of Energy, David Mabumba (photo), a team from his ministry will meet officials from Angola on Friday to discuss on the way forward. The country’s investment agency, the Zambia Development Agency (ZDA), in 2012 signed a $2.5...
Law
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26/10/2016
Determined to “contribute to the improvement of land governance which necessarily requires rationalization and transparency of land management system”, the project to support the reform of urban land (PAGEF) has decided to use sensitization and training as its main weapons. In this framework, it has organized on October 25, 2016, in Tambacounda, a workshop on the modernization of land...
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26/10/2016
Cote d’Ivoire’s Privatization Committee just launched a call to tender for a council that will lead the disengagement process of the State in the Banque de l’habitat de Cote d’Ivoire (BHCI), local media revealed. The State hereby wants to forego its 55.9% stake in the lender which specializes in property loans. On September 22, 2016, the Ivorian Privatization Committee denied the...
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26/10/2016
ASX-listed Resolute Mining has reported new high-grade gold intercepts from an ongoing extension drilling program at its Syama mine, in Mali. The firm told its shareholders that a completely new zone of mineralisation had been identified south of the Syama deposit and the new zone appeared to be separate from the main Syama orebody, minningweekly.com reported. Resolute’s CEO and MD, John...
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26/10/2016
Ecobank has announced the roll-out of its new mobile banking solution for the end of 2016, across the 33 sub-Saharan African countries where it operates. The solution - Masterpass “QR” - is already used in Nigeria, the group’s largest market. “The solution will enable millions of micro, small and medium enterprises across Africa to begin accepting fast and secure digital payments,” the...
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26/10/2016
In Algiers, the Anti-Locust Committee for the West African Region (CLCPRO in French) just announced the creation of a $6 million regional fund to control the locust threat. This sum will be mobilized by various member-states of the committee. “Launching this regional fund will help better control locust activity by allowing the various interventions mechanisms to take action at the right...
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26/10/2016
The Central Bank of Nigeria (CBN) has issued an order suspending all dividend payment by MTN to its shareholders for Q3 2016 from its Nigerian subsidiary. The order concerns four commercial partner banks of MTN Nigeria: Standard Chartered Bank, Stanbic IBTC, Diamond Bank and Citi Bank. The decision comes amid an investigation on MTN Nigeria undertaken by the senate which said the firm has...
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26/10/2016
In Egypt, Eni plans to add 80Mmcfpd of gas from its Nooros concession to the national grid by the end of November 2016. According to a source with the Egyptian Natural Gas Holding Company (EGAS), the total gas production from Nooros is set to increase from 850Mmcfpd to 930Mmcfpd by the end of November. This is to occur after the drilling of a number of development wells and adding them to the...
 

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