In Nigeria, the tomato-processing industry is currently facing a paradox, according to actors from the sector. Truly, while local production could satisfy market needs, the country still injects N12 billion per year in tomato imports. These imports lead to the wasting of about 750,000 tons of the commodity, yearly, due to challenges in stocking, industries’ supply chain and unstable prices....

In South Africa, the railway which is to connect the Majuba coal-fired plant to a coal mine will be completed in 2017. Eskom, South Africa’s state-owned power supply company, made the announcement. The 68km-long corridor will be the first major rail freight project, launched in country since 1986, according to Eskom. Construction of the Majuba coal-fired plant started in 1983 and ended in...

Mining firm Algold Resources will start in a few weeks a 10,000 m drilling campaign at its newly acquired Tijirit project, in Mauritania. With this campaign, the firm will be able to complete compliant Nl 43-101 resource estimation. Captal Drilling, who is in charge of drilling at the Tasiast gold mine near Tijirit, will carry out the drilling campaign. The company said it launched, when it...

According to African Press Agency (APA), the French telecom company Orange is about to complete acquisition of Liberian mobile telephony company Cellcom. The process which was launched in January 2016, by Orange Cote d’Ivoire was approved on April 5, 2016 by Liberia’s President, Ellen Johnson Sirleaf, and Liberia Telecom Regulatory Authority (LTA) on February 10, 2016. In a statement cited...

In Sao Tome and Principe, the National Oil Agency has announced that Kosmos Energy and Galp Energia will conduct seismic surveys in three oil blocks in the Exclusive Economic Zone of the country in January 2017. This declaration comes six days after Kosmos Energy obtained 65% of the interest held by Equator Exploration in block 12 of the Exclusive Economic Zone of Sao Tome and Principe, where...

The ongoing Mombasa-Nairobi oil pipeline expected to be completed by September 30 is at present behind schedule and will not be completed as planned, the Star news reports. The project is aimed at easing the flow of refined oil products from the Port of Mombasa to the market but Kenyans will have no choice than to pay an extra Sh25 billion to fund the project. The contractor in charge of the...

The Ministry of Petroleum has announced that the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and BP has entered into an agreements concerning transportation and the processing of natural gas in the country. This agreements includes areas of construction, transportation and processing of gas produced from the Atoll field and an investment...

Victoria Oil & Gas Plc, on Thursday revealed that the Government of Cameroon has approved the assignment of a 75% participating interest in the Matanda Production Sharing Contract (PSC) in the Matanda block from Glencore Exploration Cameroon Limited to Gaz Du Cameroun Matanda S.A. The remaining 25% participating interest in the PSC is being held by Afex Global Limited. As announced on the...

Independent Resources plc, on Thursday announce that its subsidiary Independent Resources Ksar Hadada Limited, has taken up 100% of the contractor interest in the onshore Ksar Hadada hydrocarbon exploration permit in Tunisia. Independent Resources Ksar Hadada Limited (IRKH), is at present the only contractor in the Production Sharing Contract after it successfully submitted it to Entreprise...

South African diamond mining company DiamondCorp sold, during 2016’s first quarter, 8,648 carat, the first sale at its Lace mine since 1931. From this, 6,247 carat has a diameter exceeding 1.25 mm. The firm sold them at $175/ct average, thus totaling $1.1 million. Remaining 2,401 carat come from residue production and has a diameter lower than 1.25 mm with an average sale price...