Tanzania has revealed plans to commission a plant by 2025 to process as much as 11.1 trillion cubic feet of gas. The East African country has at least 57 tcf of natural gas reserves and the Ministry of Energy in its plan has estimated that the country can regain as much as 70 % of the resource. It also sees total demand at 32.5 tcf over 30 years, with 8.8 tcf intended for power...

Saudi Arabian Oil Company, Saudi Aramco has announced that it notified the Egyptian General Petroleum Corporation, (EGPC), in early October that it would stop the supply of refined oil products to Egypt, a government official revealed. “Aramco informed the EGPC early this month of its inability to supply Egypt with shipments of petroleum products,” the official said not disclosing the...

SDX Energy in its operational update on the initial discoveries from the interpretation of the 300 km² of 3D seismic data acquired over its South Disouq concession in H1 2016, announced that the data set has identified several leads and prospects in the Abu Madi section and also the Kafr El Sheikh formation, as anticipated. According to the company, data processing began in June and the...

Senegal’s government announced it secured a 32.5 billion CFA francs loan from Islamic Development Bank for Sonacos S.A. (formerly Suneor). The facility which will help better structure marketing of groundnut, will be used to settle payments to farmers by the end of October, APS said. The financing comes for Sonacos S.A. at a vital moment as it is overwhelmed by debts, few months only after it...

The government of Addis Ababa declared yesterday a six-month state of emergency following months of violent protests. “The state of emergency is vital. It is essential to restore peace and stability over a short period of time. We put our citizens' safety first. Besides, we want to put an end to the damage that is being carried out against infrastructure projects, health centres,...

Burkinabe Seybou Bouda was appointed executive director for 23 African nations at the World Bank for a two-year term, a source close to the institution revealed on Oct. 9, 2016. He will officially take office on November 1, 2016. It is the first time in the history of the World Bank that Burkina Faso gets a seat at the board of administration. Economist and diplomat by training, Mr. Bouda...

The Kenyan Government and Joint Venture partners made up of three oil companies, have agreed on the rules of engagement in the exploitation of oil resources in Turkana County. A statement from the State House confirmed that the partners; Tullow Oil, Maersk and Africa Oil reached an agreement to venture into the country’s oil sector. The agreement was reached after a meeting led by President...

In Senegal, 120 MW of solar power plants will start operating by 2018, said chief of state-run power company (SENELEC), Mouhamadou Makhtar Cissé. “Overall, 120 megawatts of solar power will be added to Senelec’s grid by 2018. This is a fifth of what the company generates. Initially, at least 20% of the country’s energy mix should have come from renewable. We have long passed this...

The government of Burkina Faso has adopted at a council of ministers last Wednesday a decree that establishes a National Council for Land Tenure in rural areas (CONA/SFR). The entity will help the nation better manage its rural land. “The adoption of this decree provides the structure a legal framework which will insure the efficient implementation of the national strategy for land tenure in...

Benin will issue on October 13, 2016, FCFA40 billion (about $68 million) in fungible treasury bonds, West Africa’s regional agency for debt planning UMOA-Titres revealed. The bonds will mature on October 14, 2021. Coming with an interest of 6%, the bonds will be offered to investors from the eight member-states of the West African Economic and Monetary Union, at FCFA10,000 each unit...