Zimbabwe’s government has granted Makomo Resource the licence to build a 660 MW thermal power plant in Hwange. The infrastructure which will include two 330 MW units will help reduce the nation’s power deficit. “We got the licence from the Government two weeks ago and we are looking at activating our financiers,” said Makomo’s general manager, Samson Mavhura. Construction for the...

Africa Energy has announced the acquisition of a 90% participating interest and operatorship in Block 2B offshore the Republic of South Africa. According to the company, $1 million was paid to Afren and some of its subsidiaries for the acquisition of a 25% participating interest in Block 2B. Another $2 million together with the issuing of 14.8 million new common shares was offered to...

Egyptian gas company EGAS has launched what is considered to be the World’s biggest tender for liquefied natural gas (LNG) in an effort to secure 96 LNG shipments for 2017-2018, participants in the tender revealed. An extra 12 optional cargoes were included in the tender, which EGAS may choose not to award, Reuters reports. According to the trading sources, the payment period for suppliers...

Ivorian authorities are determined to gain more ground in their fight to secure land titles for rural populations. The central part of the country, Bouaké especially, is currently being informed about the issue. The new information operation comes after a sensitization tour organized last July and which included the region. Cote d’Ivoire’s chief of rural land office, Delbé Constant, now...

Mining firm Lucapa Diamond has scheduled two diamond sales for the last 2016 quarter as recoveries of large special stones continue at its Lulo mine, in Angola. The first sale is scheduled for mid-Novemeber and will include the 172 ct and 104 ct Type IIa diamonds recovered at Lulo at the end of September. The sale parcel will also include a 72 ct Type IIa stone which the company recovered...

Mining company DiamondCorp has signed with Rasmala a Sharia-compliant financing agreement for £700,000 which it will invest in its Lace diamond project, in South Africa. The financing comes after the firm’s activities at Lace were halted earlier this month, and suffered adverse share price movements on the JSE and LSE. “We are pleased to have secured this new financing facility, which will...

Vivo Energy Cote d’Ivoire will proceed next month to a stock split at a rate of 50 new shares for an old one, WAEMU’s Bourse Regionale des Valeurs Mobilières (BRVM) announced. As the Ecofin Agency (Agence Ecofin) reported previously, the decision was taken at the firm’s ordinary and extraordinary general meeting held on June 23, 2016. Starting November 4, 2016, the volumes of shares will...

ExxonMobil is to partner Eni and others in the exploration of natural gas in Area 4 of the Rovuma basin in Mozambique, the Chairman of ENH, Omar Mitha, has revealed. According to him, ExxonMobil’s entry is a big advantage for the country particularly due to the company’s experience in the global production and distribution of natural gas. “We are talking about a major player in the global...

ASKY, The Pan African Airline is pleased to announce the opening of a new route between Abidjan and Dakar vice versa starting November 1st, 2016, in daily flight. This new route offers more capacity (seats) and takes into account a significant reduction in flight time, increased frequencies of flight to Dakar adding those departing from Lome to improve and facilitate movements. Below is the...

Delonex Energy in cooperation with the Indian Oil Corporation plans to carry out oil and gas seismic and geophysical surveys in the districts of Marracuene and Manhiça, in Mozambique’s Maputo province in 2017. This analysis will encompass an area of 9 000 km² and cost $70 million. Well tests are to be used to determine if there are hydrocarbons in the Palmeira area of...