In Senegal, Amar Holding plans on training 1,600 youth to agricultural machinery. Explaining the reasons behind the initiative, Serigne Hamadou, the group’s secretary general, told APS at the Paris International Agriculture Tradefair (SIA): “Senegal lacks machinists. It’s a fact that people are not aware of. Usually, agriculturists are the one who become agricultural machinists”. The...

Singapore’s Sovereign Wealth Fund GIC (Government of Singapore Investment Corporation) has injected $100 million in two Africa-focused real estate funds established by private equity firms Actis and RMB Westport, Perenews reported on March 2. GIC, Singapore’s biggest sovereign fund, has funded Actis Real Estate Fund III and Real Estate Development Fund II. Both institutions initially...

Petroplan a global Recruitment Organization that supplies skilled technical professionals and support services to the Oil, Gas and Petrochemical industries on Monday announced that it has extended its operation into Mozambique, following the granting of an official business license to operate in the area. “We are very excited about the new office opening in Mozambique, which will help us to...

In Ghana, it could be possible to see ‘Dumsor’ or power outages re-emerge. This was announced by Policy think tank, Africa Centre for Energy Policy (ACEP) which unlike President John Mahama who claimed the end of the outages, believes the power crisis is not over. “Load shedding has been suspended because the economy has not yet recovered,” said Ishmael Ackah, head of research and...

Ghana’s Petroleum Minister has revealed that the country is still on the lookout for key oil and gas projects, in spite of the decline of crude oil prices globally. Emmanuel Armah-Kofi Buah (photo) disclosed this after the FPSO Prof. John Evans Atta Mills was received in the country on March 2, 2016. The vessel is to produce and store oil from Ghana’s TEN offshore fields operated by Tullow...

Egypt’s President, Abdel Fattah al-Sissi ended his Asian tour on a good note. After the $17.7 billion of investment it obtained from Japan on February 29, the head of state obtained another $3.6 billion commitment from his South Korean counterpart during his visit to her nation from March 3 to March 5. Agreements related to the South Korean investments in Egypt were signed by...

Africa Oil has revealed plans to cut back exploration this year as a result of the uncertainty in global prices as it has spent $207 million on its operations in Kenya. Africa Oil and Tullow plans to drill only one well in 2016, as a result of the declining oil prices in the global market which is demoralizing investment in new resources. According to the company, for 2016 the only...

Egypt just replaced the head of its Agriculture Quarantine Authority (AQA), Saad Moussa. Ibrahim Ahmed Imbabi, foremerly head of the Plant Pathology Research Institute, is the new head of the AQA, Reuters report. The new appointment results from a controversy that shook the country’s agricultural sector a few weeks ago and directly involving Saad Moussa. Truly, AQA’s outgoing head imposed a...

In Egypt, the government is presently in talks with Russia to open new international bids for the shipments of liquefied natural gas (LNG). The aim of the negotiations was to resolve the energy situation in Egypt by 2019 and safeguard the needs of electric power generation stations in the country. Meanwhile, the Minister of Petroleum and Mineral Resources, Tarek El Molla (photo), has said that...

The Nigerian National Petroleum Corporation (NNPC), has announced the reopening of the Port Harcourt refinery, after it was closed about six weeks ago. The corporation also announced that it has increased its efforts to end the current fuel scarcity throughout the country. According to Victor Adeniran, the Group Executive Director, Commercial and Investment, Warri and Kaduna refineries cannot...