Various major Russian firms plan to invest a total of $4.6 billion to develop an industrial park in Egypt near the Suez Canal, in 2035, Russian media reported. The news came through Russia’s ministry of trade. Construction works for this park which will cover 2 million m², will commence in 2018. The park will be located east of the Saïd port. According the Russian ministry of trade,...

A gas pipeline operated by the Nigerian National Petroleum Corporation in the South Western region has been attacked by guys disguised as maintenance staff. According to Muyiwa Adejobi, a spokesman for Ogun state police, the attack took place in the town of Ogijo.“We were told that some guys came in two vehicles dressed as officials in charge of repairs and maintenance of the gas pipelines and...

South Africa’s national statistics office, Stats SA, revealed that mining output in the country has slumped by 4.4% in May 2016 compared to the same period in 2015. In May 2016, the main drawback was iron ore production (like in April where it dropped by 6.9%). South Africa’s iron output has indeed slumped 26.4%, which represents -4.9 percentage points of global decrease. Also, manganese...

A Chinese consortium will invest more than R40 billion ($2.8 billion) in an industrial park specialized in the processing of mining products in South Africa, a statement published on July 14 by the South African Ministry of Trade and Industry revealed. The consortium which is led by Hong Kong Mining Exchange Company will build and operate the park which will comprise plants that will process...

In Ethiopia, tourism generated a record $3.5 billion in 2015 against $2.9 billion in 2014, thus soaring 20.7% according to data published on July 13 by the Ministry of Culture and Tourism. This amount exceeds cumulated revenues of the sector in Kenya and Tanzania. Tourism in the two neighboring touristic destinations indeed generated over the past year a total of $2.77 billion....

Zarara Oil and Gas through its subsidiary, Midway Resources International (MRI) in Kenya, plans to commence drill operations in Block L4 by Q1 of 2017.This is coming after the company suspended its previous schedule of Q2, 2016. Zarara before now concluded the Environmental Social Impact Assessment (ESIA) field work in both Kenya’s blocks L4 and L13 as it gets ready to spud the Pate-2 well on...

Tony Attah (photo) has been appointed as the managing director and CEO of Nigeria LNG, the operator of the Bonny export plant. He is to replace Babs Omotowa, who has been managing the company since December 2011. Attah was the managing director of Shell Nigeria Exploration and Production before returning to Nigeria LNG after serving as senior projects advisor at Shell, working in the...

In Kenya, the Energy Regulatory Commission in its monthly review on Thursday increased the retail prices of fuel, kerosene and diesel in Nairobi.The maximum retail price of petrol in the capital increased by 7.84% to 92.93 shillings per litre. The retail price for diesel has increased to Sh83.24 per litre, while a litre of super petrol is going for Sh92.93 in Nairobi. Kerosene has also been...

In Egypt, Petrobel has announced that production is expected to increase to 700 million cubic feet per day, upon the conclusion of drilling activities on the Nooros field located in Abu Madi West concession in the Nile Delta by September, 2016. The field is a significant gas find made by Eni and BP in July 2015 and was drilled by Petrobel, Energy Egypt reports. The Nooros field produces 305...

Investments in Cote d’Ivoire in the first half of 2016 reached FCFA219 billion ($370 million), up 25% compared to the same period the previous year, statistics disclosed on July 12 by the National Centre for Investments Promotion (CEPICI in French). Out of the investments made, 28% were made in the construction sector, 25% in food and agriculture, 16% in transport and logistics, 12% in...