Indian car manufacturer Mahindra & Mahindra has commissioned on May 27, a business center in Nairobi, Kenya, in order to better serve East and Central Africa. The center will serve as distribution canal for the group’s products, including agricultural equipment, utility vehicles, private cars, power generators and equipment used in the agro-industry. “Our new center is an investment...

Victoria Oil & Gas has announced that its first profit as revenues from its Logbaba field in Cameroon for the seven-month period ended December 31, increased extremely as it is planning to boost its reserves and produce more gas in the country. Initial results for the seven months were $1.63 million, while revenues increased to $21.4mln. The company has changed its end of the year...

Sasol Ltd. aims to boost the capacity of its processing facility in Temane, Mozambique to meet the growing regional demand for the country’s gas. According to the senior vice president of Sasol’s exploration and production unit, John Sichinga, Sasol will increase the facility’s capacity by about 8% to 197 million gigajoules by 2017.“There’s no shortage of demand. There’s a power pool...

Total on Tuesday announced that it has signed an agreement to acquire Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya, Uganda and Tanzania. These assets include two logistical terminals in Mombasa, Kenya and Dar es Salaam in Tanzania, as well as a retail network of around one hundred service stations (67 in Tanzania, 9 in Kenya and 32 in Uganda). The transaction is subject to the...

Egypt's Carbon Holdings has announced that it has signed a deal with one of the four export credit agencies expected to provide funds worth between $4 billion and $5 billion for its Tahrir petrochemicals project. Located at Ain Sokhna at the southern end of the Suez Canal, the $7 billion structure will be one of Egypt’s biggest petrochemical projects when completed. The project...

Sudanese Minister of Oil and Gas, Mohamed Zayed Awad (photo), has disclosed that Sudan's incomes from South Sudan's oil transit fees in Q1 of 2016 reached $160.4 million. South Sudan has continually demanded that Sudan’s government lessen the oil transit fees as a result of the decline in the prices of oil globally as well as the drop in its output to about 160,000 bpd caused by the civil...

Sudan wishes to get its first nuclear plant. The country intends to achieve this with the help of China which will provide nuclear power technology. According to the German media Tageszeitung which revealed the news, construction of the plant should be start, latest by 2027 and have a capacity of 1,200 MW divided into two 600 MW reactors. Its construction should take 6 to 7 years. Sudan...

Last week-end, the Liberian minister of Education has initiated the payment of salaries of teachers via Mobile Money. During the launching of this program which currently is at the test stage, Gbovadeh Gbilia, deputy-minister of taxes and human resource development at the ministry of education, said that the government was looking for innovative means to insure that teachers get their salary as...

Toyota, Orascom and GDF Suez grouped as a consortium have received approval to build a 250 MW wind park in the Gulf of Suez. Output of this park will be transferred to power grid for 25 years at 4.7 cent per kW. The construction of this plant, which should start next month, will take into account bird migration cycles. It will be funded by the consortium and the Egyptian ministry of finance...

Cote d’Ivoire will approve the creation of 10 new TV channels which are going to be received on the terrestrial digital tv network. The call to tender for the project will be launched on May 30, 2016, and last until October 31, 2016, with the opening of application. In its release, the High Audiovisual Communication Authority said the call to tender is launched “to allow 10 commercial TV...