Tunisian minister of tourism, Salma Elloumi Rekik, cited by Reuters, said Tunisia planned to attract at least 5.5 million tourists this year. Though the figure would be about the same as in the previous year, it remains a positive performance considering tourists’ concern about visiting the country. Tourists are concerned because Tunisia suffered many terrorist attacks in 2015. It is the case...

Each year, Africa spends up to $15 billion in wheat imports. According to experts attending the on-going Support to Agricultural Research for Development of Strategic Crops (SARD-CS), this amount will increase in the coming years. According to Zimbabwe’s Mechanisation and Irrigation Development secretary Ringson Chitsiko, the situation is due to Africa’s lack of passion in agriculture....

Tlou Energy Ltd on Thursday announced that it is witnessing excellent progress at the Lesedi CBM Project, in Botswana, where well testing is presently in progress on the Selemo wells. According to the company, successful well testing operations at the Lesedi CBM Project have been enlarged to include the Selemo 2 and Selemo 4 wells, following the start-up of tests on Selemo 1 in Q1. “Excellent...

The Minister of State for Petroleum Resources, Emmanuel Kachikwu has confirmed reports that works on the pipeline feeding the key Forcados export terminal will last until June. “The line won't be ready until June,” he said. Kachikwu has also announced that the country is hoping to enter into an agreement with international partners by July to renovation Nigeria’s three outdated refineries...

Independent Resources in its operational update regarding the Ksar Hadada hydrocarbon exploration permit, onshore Tunisia, announced that the country’s national oil company Entreprise Tunisienne d'Activités Pétrolières (ETAP) has presented an application for a one year extension of the permit to the Direction Générale de l'Energie.ETAP submitted the application at the request of...

Sound Energy on Thursday announced that drilling of the first well has commenced at Tendrara, onshore Morocco. According to the company, the drilling began on April 20, 2016 and is expected to reach a total depth of 2640 metres as the programme will include coring, logging, completion and...

The President of Gabon, Ali Bongo (photo), has said that the country is planning to return to the Organization of Petroleum Exporting Countries (OPEC) and is making efforts to bring together other African countries for a more organized reaction to the declining oil prices in the global market. According to the president, Several members of OPEC have requested that the country return to the group...

Kenya Commercial Bank, Kenya’s major bank in terms of assets volume, said it was interested in acquiring majority stake in Chase Bank of Kenya which is currently under receivership. Details regarding the offer will be released after April 27, 2016, when the bank is to re-open. On April 7, 2016, Central Bank of Kenya placed Chase Band (11th bank in Kenya) under receivership after its managing...

International Monetary Fund and World Bank announced on April 19, 2016, they have partnered with Organization for Economic Cooperation and Development (OECD) and United Nations (UN) to develop efficient tax systems to fight tax optimization by multinational companies in developing countries, those in Africa included. Details regarding the collaboration are not really clear given that each of...

Central Bank of Tunisia postponed the European roadshow to meet investors specialized in fixed return financial products, Zwaya revealed citing sources close to the operation. The tour was postponed because of the principle agreement signed with International Monetary Fund for a $2.8 billion credit line. As the tour was postponed, also was the issuing of $500 million sovereign bond...