Warning European, American and Asian transnational agro-industrial companies, the Nigerian civic society said “Nigerian and African governments must rise to protect the people from his invasive land grab that threatens all life forms, especially the rural poor who are the best custodians of forest, food, land and water”. Denouncing the land deals that “are mostly shrouded in secrecy by...

Victoria Oil and Gas in its operational update and interim results on its asset in Cameroon, announced that it enjoyed a 93% increase in per day production in H1 of 2016 while its sales also increased by 50%. The Africa-focused company achieved a major breakthrough the same period when the initial explorations costs of the Logbaba onshore gas project in Cameroon were recovered. According to...

Foxtrot International has concluded a four-year $850 million field development programme on Block CI-27, offshore Ivory Coast. The two new gas fields on the block; Marlin and Manta, have begun operation after a four-legged manned platform was installed including related processing and pipeline facilities as well as the drilling of one exploration and seven production wells. Gas output...

Africa’s first edition of the International IT fair, AITEX, (Africa IT Expo), which began last Wednesday on the sidelines of the Casablanca international fair, ended on September 24, 2016, on a topic focused on universities. This first edition was punctuated by debates, expositions, meetings, workshops, conferences, business meetings, and was under the theme: “Digital transformation, key to...

US President Barack Obama has announced on September 21 that $9.1 billion would be invested in Africa, promising to work to boost trade exchanges with the continent. “The United States is determined to be that partner -- for the long term -- to accelerate the next era of African growth for all Africans,” he told many of his African counterparts during the US-Africa business forum held...

Sudan wishes to boost its horticultural exports. This was revealed by a delegation of local farmers at the Macfrut fair which was held in Rimini, Italy, from September 14 to 16, 2016. During the event, these farmers thanked the government for supporting them. “We receive much government support for agricultural and horticultural projects in Sudan. This allows us to invest in the cultivation...

The Overseas Private Investment Corporation (OPIC) will financially support Lekala Power develop the Taiba N’Diaye wind station in Senegal. The US finance institution has revealed during the African Business Forum in New York it woud provide $250 million in financing and $70 million in reassurance to the 158 MW project. “OPIC partnering with Lekela illustrates the opportunity for...

Senegal through its recently approved new strategy Senegal Numerique 2025 (Digital Senegal 2025) intends for digital to generate 10% of its gross domestic product. This was revealed last Thursday by Antoime N’Gom, director general of the Senegal’s organization of ICT professionals (OPTIC) at the first IT international fair, AITEX 2016. Speaking on the event’s third panel (e-Gov), N’Gom...

Based on its revenues forecast for the next decade, the South African power utility Eskom says it may invest $11 billion in nuclear program. Eskom’s Generation Executive, Matshela Koko, told Reuters that they plan to raise huge amounts of cash in the 2016/17 financial year. “These cash resources could be deployed to fund the new nuclear build programme,” he said. The nation plans to...

US Government’s development finance institution, Overseas Private Investment Corporation (OPIC), has announced on Sept 22 it will open an office in Nairobi, Kenya, to cover East Africa. “I am thrilled to announce that we are opening a third office in Africa to increase OPIC’s regional presence,” said Elizabeth L. Littlefield, OPIC President “This office will cultivate a strong U.S....