Port operator Marsa Maroc raised 194 billion dirham ($197 million) in the framework of its listing on Casablanca Stock market. On June 27th, the bourse announced anticipated closure of subscription period for Marsa’s IPO. In a note published on its website, the Casablanca stock market indicated that subscription period closed by anticipation on June 27th at 2:30 PM, instead of June 30 as...

From 2000 to 2014, Angola received 23% of Chinese loans to African governments and public institutions, reveals a study published mid-June 2016 by the John Hopkins University, US. Entitled “China Africa Research Initiative (CARI)”, the study is the product of nine years of research conducted by Jyhjong Hwang, Deborah Brautigam and Janet Eom. It shows that out of the $86.9 billion that...

African Development Bank (AfDB) recently endorsed its “Feed Africa: Strategy for Agricultural Transformation in Africa 2016-2025 project” which aims to develop a competitive agro-food industry in Africa and improve living standards of agriculture-depending populations. In fact, between 315 and 400 million dollars will be injected in 15 priority commodity value chains in order to achieve...

The Nigerian Minister of State for Petroleum Resources, Emmanuel Kachikwu, has announced that the country will start exporting refined petroleum in 2019. According to the Minister, the key work in the restoration of the refineries will begin in earnest in August and since the work would be carried out in phases, he is confident that by the end of 2018 the works would have been concluded and...

The Ghanaian government has put measures in place to begin exploration activities in the onshore Voltaian Basin. According to the Executive Director of Environmental Protection Agency (EPA), Daniel S. Amlalo, the geological survey conducted in the Voltaian Basin by the Soviet Geological Survey Team, between 1962 and 1966, indicated the possibility of oil and gas in the Northern Region and other...

China’s National Offshore Oil Corporation (CNOOC) is currently being pressurized by the government to move ahead with plans to exploit the discovery made on Block S, in Equatorial Guinea. According to the country’s Minister for Mines, Industry & Energy, Gabriel Mbaga Obiang Lima (photo), the Ministry has before now given CNOOC sufficient time to create a development solution. He said if...

Camusat, one of the market leaders in developing telecom infrastructures, is pleased to reveal the results of the first site implemented in Madagascar using its rural solution. Installed and commissioned in 5 days, this 100% solar powered and non-concrete telecom site enables Camusat’s mobile operator client to link an unconnected village of 5,000 inhabitants to mobile networks. With this...

In a statement published on June 24, German stock operator Deutsche Börse and its British counterpart, the London Stock Exchange (LES), announced they still plan to merge despite UK’s exit from the European Union. “The merger is not conditional on the outcome of the Referendum,” said the two groups while adding “they remain fully committed to the agreed and binding merger terms”....

South African firm Rand Merchant Bank Holding (RMH) announced on June 27, 2016, it made its first direct investment in the property sector. The group, for an undisclosed amount plans to buy a 34% stake in urban renewal property company, Propertuity. RMB Holdings, which until now focused on investments in the finance sector, said in May 2016 it would explore new opportunities so as to create...

The Nigerian National Petroleum Corporation (NNPC) has revealed that oil production in Nigeria has increased to about 1.9 million bpd, from 1.6 million bpd, as a result of the maintenance works taking place in the Niger Delta region. According to NNPC spokesman, Garba Deen Muhammad, oil production rose to around 1.9 million bpd since last week.“Production has increased because we are making...