The Ivorian government has decided not to rely on the international debt market this year to finance its economy. Rather, the country plans to acquire the $2.1 billion it needs from WAEMU’s (West African Economic and Monetary Union) capital market, Reuters reported citing Abdourahmane Cisse, Ivorian Deputy Minister in charge of budget. Cote d’Ivoire’s decision was driven by the high...

The Nigerian Minister of state for Petroleum Resources, Emmanuel Kachikwu, on Monday said that that the days of $50 per barrel of oil is approaching. Kachikwu, noted that he is confident that the Organization of Petroleum Exporting Countries’ (OPEC) members will be able to arrive at a decision to freeze oil production to fight the low oil price. “The minister for energy in Qatar and...

The Nigerian National Petroleum Corporation (NNPC) has announced that it received four more cargoes of petroleum products to keep the country afloat. NNPC Group General Manager, Group Public Affairs Division, Ohi Alegbe, disclosed this in a statement in Abuja. The statement guarantees the public of adequate supply of petrol throughout the country. “The deliveries which amount to about 180...

Crude oil prices plunged on Friday as talks of a meeting by oil producers to freeze production did not assure traders that efforts were being made to reduce rising glut. The decline occurred after oil markets increased late on Thursday led strong U.S. gasoline demand and on hopes that OPEC members can manage supply. Hopes had been raised on talks of a meeting between OPEC-members Saudi Arabia,...

Angolan Vice-President Manuel Vicente, one of the probable successors to Angola’s presidency, has been directly implicated in a corruption investigation opened by the Portuguese justice into a magistrate, AFP said on February 25, citing a source close to the case. The magistrate, Orlando Figueira, 54, is accused of receiving a bribe to shelve an investigation involving Vicente, the same...

In Burkina Faso, the Coalition pour la Renaissance Artistique au Burkina Faso (CORA/BF) demanded that radios and televisions broadcast 90% of local music. The association reached out to the High Communication Council (CSC), in the name of all musicians and professionals from the music industry of the country. According to Mamadi Barra alias Bam Raady, coordinator of CORA/BF, the request is...

On March 2, 2016, the Tunisian Minister of Communication Technology and Digital Economy will reveal the names of the three telecom operators who will get 4G licence, ilboursa.com reports. Initially planned for February 29, 2016, the announcement has been postponed with no explanation. It should be recalled that last November 3, 2015, minister of Communication Technology and Digital Economy...

According to the Department of Forecast and Economic studies, Senegal’s phosphate production increased by 31.8% in 2015. In 2015, Senegal produced 1,242,800 tons of phosphate against 942,900 tons in 2014. This represents an increase of 299,900 tons. It mostly results from calcium phosphate surging 41.02% in 2015, to 1,062,000 tons, from 752,200 tons in 2014. Senegal which is among...

President John Mahama declared he has finally dealt with the power crisis which Ghana has been experiencing for four years now. Addressing Parliament, he said: “I stood before this very august house and promised to fix the power sector deficit that at the time had become a significant constraint to the economic growth and a destruction to Ghanaians both home and at work”. Adding that it...

Ghana’s Ministry of Food and Agriculture (Mofa) recently mentioned a policy which aims to decrease poultry imports. The policy, according to authorities, should improve local production. Statistics from the ministry shows that local supply meets only 42% of national demand, thus letting imports from Europe and America fill deficit. During a recent tour of the Tema harbour, Mofa’s deputy...