Tunisian subsidiary of Orange has launched MBC shahid plus, a service that provides access to TV and Video on Demand (Vod). Orange Tunisie hereby gives its customers the opportunity to watch shows, series and movies they might have missed earlier on TV. Subscribers also have access to a library of Arab movies. The Vod segment of the service includes more than 1,000 Arab and foreign movies, as...

To fight youth unemployment in Africa, Swiss group Nestlé will train 300,000 youth by 2018. “We are going to create more than 3,000 internships and apprenticeships in African countries by the end of 2018. During the same period, we will offer qualified work experience to more than 300,000 African youth aged below 30 years,” said Paul Bulcke, CEO Nestle. Regarding to Nestle’s initiative,...

In Tanzania, Wentworth Resources has revealed that the production of natural gas has increased in the country ever since the Mnazi Bay field came on stream. According to the company, gas deliveries from Mnazi Bay flows through the new transnational pipeline to be used in power generation facilities near Dar es Salaam. Production capacities from the gas field reached 74 Mmscf/d in Q2 but reduced...

Africa gathers a substantial pool of optimistic and more connected consumers for the years to come, according to a study published on June 21 by Boston Consulting Group (BCG).  In a study entitled “African Consumer Sentiment 2016: The Promise of New Markets”, the group revealed that Africa will have twice more affluent consumers than UK by 2020. As for the total number of African...

“If national wheat production was ever to fall, the government has taken the adequate measures to import enough wheat to satisfy citizens’ demand,” Abdeslam Chelghoum, Algerian minister of agriculture, fishery and rural development told a press conference in Bouira, on the sidelines of the launching of a harvesting-threshing season. According to the minister’s evaluations, Algeria will...

Victoria Oil & Gas Plc, on Thursday, announced that it has appointed an existing member of the Board, Ahmet Dik, as the new Group CEO. Aside being an existing member of the board, Dik was also the Chief Executive Officer for the Company's solely owned Cameroon subsidiary, Gaz du Cameroun S.A (GDC).Ahmet Dik has been involved in development of both Victoria Oil & Gas Plc and GDC business....

Ghanaian Minister of Energy and Petroleum, Emmanuel Armah Kofi Buah (photo), has announced that the cabinet has approved a gas master plan anticipated to guide the country’s gas industry from 2016 to 2040. According to the Minister, the plan will put the country back on the road to industrialization. “I am happy to announce that just last week, cabinet gave approval for the Gas Master Plan;...

PetroSA has announced that Siphamandla Mthethwa (photo), the CEO of Central Energy Fund, has been selected as its acting CEO effective from June 30. This is coming after the current acting group CEO Mapula Modipa resigned from the company. Modipa has been in the company for a year and is resigning for personal reasons. Mthethwa is expected to spearhead the transformation plan started by Mopida...

Wentworth Resources has announced that it has been granted approval by the government of Mozambique for its Tembo-1 gas discovery appraisal plan. This will make the company become the operator by increasing its interest from 11.59% to 85% while Empresa Nacional de Hidrocarbonetos (ENH) will hold on to the remaining 15% participating interest in the Rovuma Onshore Concession, with the option to...

The Central Bank of Kenya announced on June 20 that it has selected NIC Bank to assess the assets and liabilities of Imperial Bank, which has officially been declared bankrupt. The operation should insure that deposits made by the bank’s clients are returned to them. Imperial bank has been placed under receivership by the Central Bank since October 2015 as it encountered some cash flow...