Sonatrach Group, is considering increasing natural gas supply to countries such as Egypt and Jordan as part of efforts to boost its own production. According to chief executive officer Amine Mazouzi (photo), company is negotiating the supply of liquefied natural gas to Egypt, which plans to issue a tender and is also eyeing other Middle Eastern markets like Jordan.Algeria is boosting output...

Clontarf Energy and Petrel Resources have announced that a proposed work programme on the Tano acreage, offshore Ghana has been submitted to the Ghanaian authorities in Accra.  This follows the announcement by the partners on September 19, 2016, that they have been offered revised Tano Basin acreage coordinates by Ghanaian officials. The new work programme is to form part of the current...

Libya’s oil production is expected to reach a three-year high of 900,000 barrels per day by December, as fields begins operations and ports reopen after five years of armed battle that has damaged sales. According to Libya’s National Oil Corp. Chairman, Mustafa Sanalla (photo), the country currently produce 540,000 barrels a day and is expected to reach 900,000 barrels by the end of this...

Guest of honor of the third edition of the Rebranding Africa Forum (RAF) 2016 in Brussels (Belgium) from October 13 to 15, 2016, Burkina Faso will use the opportunity to find investors for its economic and social development plan (PNDES 2016-2020), Apanews said. At the event which is held on the theme “Responding to Africa’s industrialization challenge” will be present Burkina’s...

Miner Hummingbird Resources has started civil works at Yanfolia gold project in Mali. Imagri which was appointed as the contractor in September 2016 started surveying, setting out and trenching in preparation for concrete pouring later this month “This is an important milestone for Hummingbird Resource and we are on schedule for our firstgoldpour by the end of 2017, targeting 132 000 oz...

People of Kandara, in central Kenya, signed a petition asking for the restitution of about 2,400 hectares of land on which Fresh Del Monte grows pineapples. Things have thus become uncertain for the agro-food giant who wanted to renew the lease for the lands concerned as it expires in 2019. Petitioners reproach the multinational an abusive exploitation of leased lands. “The company has been...

In response to global financial crisis, 25 members of the International Monetary Fund (IMF) have committed to a total of SDR 243 billion ($340 billion) in bilateral borrowed resources through end-2020. “These commitments will preserve the overall lending capacity of the IMF and provide confidence that the Fund will continue to address the needs of our membership. I am heartened that so many...

After buying Socimat in Cote d’Ivoire in July 2016, cement maker LafargeHolcim Maroc Afrique (LHMA) continues its expansion in Africa by acquiring two new firms in sub-Saharan Africa. Indeed, LMHA, which is a joint-venture between the Société nationale d’investissement (SNI) and LafargeHolcim, just bought a 50% stake in SCB Lafarge Benin and 54.7% in Cimencam in Cameroon. Amounts for the...

Tanzania’s president John Magufuli just commissioned a $120 million fruit processing unit in the suburb of Dar es Salaam. The unit will be built by business mogul Said Salim Bakhresa, Fresh Plaza revealed. Located in Mwandege, in the Mukuranga district, the plant can process 20-25 thousand tons of fruits each year and employs in the long-term about 600 people. The government intends to...

Soon, a $200 billion high-voltage line will be laid between Tambacounda and Zinguinchor in Senegal. . “Only the eastern part of the country and the Casamance are yet to have a high-voltage line. This project will therefore help connect these parts of the country to the national high-voltage grid,” said Mamadou Diémé, Senelec’s regional deputy for South Senegal. Developing this...