Boston, Massachusetts, April 2 –Today African businessman and philanthropist Tony O. Elumelu, delivered a keynote address at the 2016 annual Harvard International Development Conference (HIDC) in Harvard University, Boston. He went on after that to Columbia University in New York City to give a talk on Connecting Africa Through Internal Solutions for Development and Growth. This year’s event...

Businessmen from Saudi Arabia will invest $4 billion in various projects in Egypt, Vice President of Saudi Arabia-Egypt affairs council, Abdullah bin Mahfouz said on April 5. Cited by Reuters, Mr. bin Mahfouz indicated that the investments would be directed toward energy, agriculture, import-export, health and logistics sectors. “10% of the capital has been deposited in Egyptian...

The Nigerian National Petroleum Company (NNPC) on Tuesday revealed that the current fuel scarcity in the northern part of the country will end in the next two weeks after the damaged pipelines delivering crude oil to Kaduna Refining and Petro-chemical Company (KRPC) has been renovated. According to the Group Executive Director and Chief Operating Officer, upstream sector, NNPC, Alhaji Bello...

Ivorian Water Distribution Company (SODECI) targets a portfolio of 970,000 customers by 2018, the firm’s 2015 annual report states. To do this, it relies on the economic growth recovered by the country added to the extension of production capacities. At December 31, 2015, SODECI’s number of customers grew by 8.3% to 852,662 from 784,326 at the end of 2014. The growth according to officials...

Dodsal Resources has announced plans to invest additional $300 million in Tanzania in the next two years to fund its exploration and production activities in the country. The company has said it is also planning to carry out an Early Production System so as to bring Gas to the market. Dodsal has to this point made the biggest onshore gas finds in Tanzania’s Mambakofi and Mtini region and...

Algeria's energy exports deteriorated in 2015, hindered by reduced oil and gas output as well as an increase in domestic consumption, an official data revealed. According to a data from the Energy Ministry, the country’s overall energy sales attained 100 million toe, same as the previous year, whereas production dropped 1.3% to 153 million tonnes of oil equivalent (toe). The country has been...

Aminex has announced the implementation of a sale and purchase agreement to relinquish 3.825% interest in Kiliwani North Development Licence in Tanzania to Solo Oil at an overall cash consideration of $2.16 million. Upon complete receipt of the consideration, Solo’s interest will increase from 6.175% to 10% interest in Kiliwani North, while Aminex will maintain a 51.75% operated...

China's National Petroleum Corporation (CNPC) plans to reduce its oil investments and production in other countries except Sudan, due to the cooperation between the two countries, the Sudanese Minister of Finance and Economic Planning revealed. Badr-Eddin Mahmoud Abbas (photo) declared this when he met with CNPC’s delegation led by the Director of Accounts and Finance Liu Yu Jin. He emphasized...

Petroceltic International in its operational update announced that the AT-10 development well on the Ain Tsila gas and condensate field in Algeria confirmed pre-drill predictions. According to the company, the AT-10 development well reached a total depth of 2005m MD on 31 March 2016 and showed a predicted early off-take rate similar to the AT-1 and AT-8 wells, which delivered flow rates of more...

Algerian company Cevital, owned by Issad Rebrab announced it would start its expansion across Africa in Cote d’Ivoire as it plans to disburse about 600 billion CFA francs to build an agro-industrial unit there. This unit, with which the company will position itself on the oilseed crushing, vegetable oil, margarine production, cereal grains stocking, livestock feed production, and local rice...