U.S. government through the Millennium Challenge Corporation (MCC) will provide Niger $437 million (253.5 billion CFA francs) over five years to finance projects in agriculture, animal husbandry and boost employment under Compact program. Niger’s parliament voted last Monday a law to approve the agreement signed by its government and U.S.’ on July 29, 2016 in Washington, via the MCC....

The President of Angola, José Eduardo dos Santos (photo), is currently facing Court inquiry regarding the appointed of his daughter as the chief executive of state oil firm, Sonangol. The Angolan Supreme court according to Reuters was acting in response to a case filed by 14 Angolan lawyers, accusing the president of favoritism and violation of the Angolan probity law. Isabel dos Santos was...

In Gabon, Oil workers are expected to call off an industrial action at Maurel and Prom's Onal field today, after an agreement was reached to restore sacked personnel. According to the agreement, the oil workers' union will end their strike action and resume work from 6 a.m. local time on Wednesday. The strike, which began on October 17, 2016 was as a result of workers who were dismissed for...

Royal Dutch Shell has recommenced the export of crude oil from the Forcados terminal in Niger Delta following its restoration, the Nigerian government revealed. “The Shell Director, Mr. Andrew Brown (photo), informed the President of the resumption of oil exportation through the Forcados terminal following its restoration. Brown commended the anti-corruption posture of the Buhari...

Nigeria's oil production has increased to 1.9 million bpd, as the government begins move for talks with Niger Delta leaders to end militancy in the region and increase oil production, the oil ministry said. According to the special adviser on international energy relations to Nigeria's oil minister of state, Omar Farouk, Nigeria was in serious need of new investments to increase its reserve base...

Head of Moroccan government Abdelilah Benkirane announced last Thursday during the first session of the strategic orientation council for the Millennium Challenge Account-Morocco agency that part of the second compact financing from the U.S. Corporation will be injected in two major projects including the “Land productivity” project. Aiming to “improve rural and industrial land management...

In Tanzania, the Office Chérifien des Phosphates (OCP) group and the Tanzanian Fertilizer Company signed yesterday a memorandum of understanding to develop agriculture and fertilizer industry in the east African nation. The accord was signed during a visit by Morocco’s leader, agrimaroc.ma revealed. It states that OCP is enabled to provide fertilizer to Tanzania at competitive prices, and...

Power Corner Tanzania will provide power to 40,000 homes across 160 Tanzanian villages by 2020. Since 2015 when it came to the country, the firm’s target was to electrify rural communities with off-grid solar energy. The company will install a mini-grid in each targeted village for not more than $1000 per community. Overall, about $140,000 will be spent to set up the off-grid solar...

Ghana scaled down growth forecast for its GDP for 2017 to 7-7.4% against 8% previously, Reuters reported citing the country’s minister of finance, Serth Terkper. The official said the government’s public expenditures were ranging within margins set by the International Monetary Fund under its 3-year program. He however did not reveal the reasons behind the downscaling. Reuters recalled...

Listed on ASX and TSX, Perseus Mining produced during the previous quarter of the year which ended in September, 43,776 ounces of gold at its Edikan mine in Ghana, thus 9% more than what it produced at the mine the year before, during the same quarter. The result was due to better performances at the processing plant. The company is thus on the good way to achieve its production targets for the...