Perseus Mining announced that by the end of the 2018 financial year, it would have invested a total of AU$40 million in its Edikan gold project in Ghana. Perseus’ MD and CEO, Jeff Quatermaine, said AU$14.1 million had been invested in the project at the end of Q3 of this year in June. The miner plans to raise AU$30.9 million and AU$5.4 million in 2017 and 2018 respectively, to advance the...

Few days ago, the Dangote group has announced that it will invest more than $170 million in the production of rice and sugar cane in the Nasawara State, Nigeria. According to the information, reported by Forbes Africa, the firm intends to put to use the 17,000 hectares it owns in the State. Dangote Group through Abdullahi Sule, head of the sugar division, reaffirmed its commitment to...

To overcome its deficit in fish products, Cote d’Ivoire must boost its local production. This was the main component of the message of Ivorian Prime Minister Daniel Kablan Duncan at the occasion of the opening of the Second African Conference on Tuna. “Fish production is below the local demand,” the official said while highlighting that his nation whose inhabitants consume 11-14 kg of...

French car manufacturer PSA Peugeot Citroën has opened in Ethiopia, a new assembly unit, in association with local industrial group Mesfin Industrial Engineering, Les Echos reported on Sept 6. Established in Wukra, situated 800 km north of Addis Ababa, the unit will assemble Peugeot 301, 208 and 2008 received in kits. It will initially produce about 1,000 cars a year, for the Ethiopian market...

Victoria Oil & Gas has signed a confidential settlement with its subsidiary Gaz du Cameroun to resolve all unresolved issues regarding the initially announced Reserve Bonus Payment Agreement and a 1.2% royalty due pursuant to the Contingent Payment Agreement (CPA). The CPA was agreed on before Victoria Oil &Gas’ involvement in the Logbaba Gas Project. GDC owns a 60% participating...

Oilfields services giant, Halliburton, has said that the world will need 20 million barrels of oil every day by 2020 so as to meet growing demand in the face of lower crude production. According to the President of the company, Jeff Miller, capital expenditures have been slashed, asset sales are on the rise and the market has basically hit the bottom. He added that when expenditure drops as a...

Egypt’s Oil Minister, Tarek El-Molla (photo), held talks with British Ambassador to Cairo, John Casson, to enhance cooperation in the oil and natural gas industry.The two sides expressed ways of developing Egyptian-British ties and develop joint projects between the two states as UK is the largest investor in Egypt. According to El-Molla, a considerable number of British companies have large...

For the first time, Algeria’s Saharan Blend light sweet crude is heading to Cuba to help balance the low supplies being delivered by Venezuela whose productions have been affected by the low oil prices regime. According to sources, State-owned oil company, Sonatrach, intends to ship about 515,000 barrels of crude to Cuba in October, to complement Venezuelan crude supplies, which dropped by 40%...

  Clontarf Energy PLC and its partner Petrel Resources PLC, have announced that they are now in talks with Ghanaian authorities and negotiations are ongoing concerning a possible award of some acreage. The partners, in June, were summoned to begin negotiations regarding the procurement of an offshore block over the Tano basin block in respect of the prior application on deep-water Tano...

Overwhelmed with land-related cases, Malagasy jurisdictions are implementing mechanisms that will help them boost their efficiency. In this framework, the Tribunal Terrier Ambulant (TTA) of Anjozorobe has decided to launch decentralized courts. The new jurisdictions should help close the distance with litigants. According to TTA’s president, about 1,500 land titles will be reviewed and...