Nigeria’s 3-year spending plan for 2017 approved by the Federal Government sees oil price benchmark at $42.50 per barrel and production at 2.2 million barrels per day. According to Budget Minister, Udoma Udo Udoma (photo), the budget foresees oil production and prices increasing annually till 2019. Nigeria’s economy has been destabilized by the decline in the prices of crude oil in the...

Kenya’s President, Uhuru Kenyatta (photo), has disclosed that Tullow Oil Plc will make the country become part of the league of oil producing countries, as plans are ongoing to start small scale crude oil production in 2017. According to him, Tullow oil will start oil production in March 2017 and export will begin three months later.  The company will also drill eight additional...

In a study it recently released, the International Institute for Environment and Development (IIED) complained about women’s poor access to rural lands in Tanzanians despite all the positive efforts to insure gender equality in land regulation. The study depicts mainly the low number of women part of village councils and assemblies that have decision power over land transfers....

The European Bank for Reconstruction and Development (EBRD) plans to grant Morocco’s National Port Agency (ANP) a non sovereign loan of €40 million. According to the same source, the loan, for which negotiations are currently ongoing, should be approved in October 2016 after EBRD’s board meet. The loan if approved will be used to finance the renovation, leveling and reinforcement of...

Authorities in charge of agriculture in the Jiffra locality in Morocco, South of Boujdour, are presently assessing the feasibility of a hydro-agricultural project. The project which should cover 1,000 hectares will focus on milk and vegetables production. The MAP indicates that the project will “add value to irrigation waters, improve farmers’ revenues, generate 115 million dirham in added...

Madagascar’s Ministry for Housing Projects, Land Development and Equipment processed in August, freely, nearly 7,500 land transfer applications as a result of death, News Mada reports. One of the promises of President Hery Rajaonarimampianina during his campaign, the new measure should facilitate populations’ access to land services which are often unaffordable. From now to December, any...

Nigerian tycoon and Africa’s richest, Aliko Dangote, will be going to Abidjan at the beginning of September to meet with Ivorian President Alassane Ouattara. This visit comes in the framework of his project to build a cement plant in the country, the Dangote Group said. The plant which will require a FCFA150 billion investment will be established in the Attinguié community, situated 30 km...

In Cote d’Ivoire, cocoa exporters forecast a decrease of about 200,000 tons of cocoa in the exported volume in the first three months of the 2016-2017 season. The fall will mainly result from low rain and insufficient stocks from previous season. According to Reuters, arrivals to ports slumped by 15% this season, and few people expect an improvement given that the new season starts next...

Amid global fall in commodity prices, the mining industry has generated in 2015, more than $3.1 billion of Ghana’s revenues. Out of this sum, the government kept $2.6 billion (about 85%) and used the rest to settle some payments. Ghana’s Chamber of Mines explaining how the money was used said $377.3 million have been used to pay total fiscal charge, $108 million to pay...

According to recent forecasts by US firm eMarketer, global e-trade is on the rise. The firm which specializes in research and data collection revealed in a study that the sector should generate $1.9 trillion in 2016 and keep growing, reaching $4 trillion by 2020. Online sales, which are concerned here, cover items and services excluding travels, food services and tickets to events....