Sterling Energy plc has announces that it has formally surrendered the Ntem Concession, offshore Cameroon.According to the company, its wholly-owned subsidiary, Sterling Cameroon Limited, has issued a notice of surrender in relation to the Ntem Concession where it operates with 100% interest. The AIM listed oil and gas exploration company revealed that the surrender will be effective by the end...

Hotels chain InterContinental Hotels Group plans to open new hotels in Algeria, Ethiopia and Uganda, reports How we made it in Africa on August 2, citing one of the group’s executives. “We will enter three new countries in Africa over the coming years: Ethiopia, Uganda and Algeria,” said the group’s director of operations in Africa, Simon Stamper. The opportunity across Africa remains...

Tanzanian authorities have selected in July 2016 a consortium led by IGN FI to design, install and operate the Integrated Land Management System (ILMIS) of Tanzania. This was announced by IGN FI which is specialized in geographic information systems, in a statement. Funded by the World Bank, the project should help ease the management of Tanzanian lands while facilitating access to information...

ASKY, the Pan African Airlines with the largest network in West and Central Africa, has the pleasure to announce winning the MOST PROMISING AIRLINE OF THE YEAR during the Ghana Aviation Award held on Friday, July 29, 2016 in Accra (Ghana). This award recognizes the airline’s remarkable performance and its growth plan. About ASKY ASKY is the Pan African Airline that was created by regional...

Ghana’s economy loses more than $2 billion yearly due to Child malnutrition. According to the UN’s 2016 Global Nutrition Report, “Under-nutrition among children costs Ghana $2.6bn a year, 6.4% of its GDP”. “In the Northern Region of Ghana, the report says about thirty (30) percent of children under five years are stunted or chronically malnourished. This not only affects...

Nigeria’s President, Muhammadu Buhari, has vowed to make the West African Gas Pipeline (WAGP) project, more efficient in order to stabilize the energy sector across the sub-region. This, he said, during a meeting with the President of Benin Republic, Patrice Talon, who is making his first official visit to Nigeria since his election in April. The two heads of state discussed the insecurity in...

Nigeria’s oil production in the onshore and shallow waters has reduced by 70%, due to renewed attacks by militant groups in the Niger Delta region since the beginning of this year. According to operators in this sector, the country is currently faced with zero production and zero revenue from these sources. This, they said at the ongoing Nigeria Annual International Conference and Exhibition...

Mining firm Resolute Mining which operates the Syama, Bibiani and Ravenswood gold mines in Mali, Ghana and Australia respectively, recorded AU$213 million ($161,639,157) of net profit for the year 2016 ended in June. The result which was spurred by hiking gold price is a new record for the company which recorded in 2015 a loss of AU$569 million ($431,796,623). To achieve this, Resolute sold...

Standard & Poor’s downgraded Congo’s foreign currency ratings from B-/B to SD/D (selective default) in the long and short term respectively. “On June 30, 2016, the Republic of Congo failed to make a principal and interest payment on its $478 million notes due 2029n, which were issued under a restructuring of London Club debts in 2007,” S&P said. The bond had a 30-day...

The United Nations Economic Commission for Africa (UNECA) recently announced in a statement that about fifteen African universities will develop training programs that are better suited to Africa’s current land governance challenges.  “Senior leadership drawn from sixteen African universities and institutions of higher learning endorsed key recommendations to review land governance...