In respect to the various projects that its government plans to implement, Nigeria should install 2000 MW of additional power plants this year. This was announced by the Minister of Energy, Babatunde Raji Fashola. Optimistic, he said: “It is possible. I believe we can do it if we can implement the right methodology”. During budget defense of its division before senatorial committee for...

In Tanzania, PanAfrican Energy has announced that it plans to commission four wells, three of which were initially postponed. The company said the commissioning of the wells will significantly boost their ability to produce natural gas as it took 178 days to renovate three wells and drilling a new one. According to Onestus Mujemula, PanAfrican Energy’s operational engineer, the three wells...

The International Monetary Fund (IMF) has revealed that the drop in the prices of oil will force major financial changes on oil exporters in Africa. IMF noted that the 70 % drop fall in prices in the last 18 months has been a terrible shock to oil exporters like Nigeria and Angola, given their strong dependence on oil revenues. “While most oil producers have low levels of debt and...

South Sudan is to supply Sudan with 28,000 bopd which will be used to generate production and meet the country’s local needs. This is coming after oil ministers from the two countries entered into a second agreement on Wednesday. They agreed to revise the transit fees being paid by South Sudan for the exportation of its oil using Sudan’s pipeline and oil infrastructure. The Sudanese oil...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday announced that it is waiting for green lights from the Federal Government's to begin its planned $3 billion refinery. The association in July 2014 secured more than 1,000 hectares of land to construct refineries that would produce 200,000 bopd at Itobe, Kogi, and Abbe in Bayelsa, Guardian news reports. According...

Panoro Energy on Thursday announced that the floating production, storage and offloading vessel (FPSO) for the Aje field, is en route to Nigeria. The company said the final works on the FPSO have been completed, all major equipment linked to the field development has been delivered to Nigeria and the vessel has departed from Singapore. It is expected to arrive in Nigeria in mid-March 2016, after...

Monday, the British firm Alufer and the government of Guinea signed an agreement for the exploitation of the Bel Air bauxite deposit, located in the Boppa prefecture in the North-West. After obtaining in 2010 his exploration permit and then in 2013 his exploitation permit, the company finally inked the agreement that allows him to produce 5 million tons of bauxite by 2017 as projected. Under...

The government of Mali is about to launch its fourth mobile telephony licence by March 2016. This was due to Atel SA (Alpha Telecom SA), holder of the third licence since 2012, delaying in the launching of its network. Mali’ authorities lost interest in the project of Appolinaire Compaoré and decided to move on. Contacted by the magazine Les Afriques, a source involved confirmed...

In Cote d’Ivoire, cocoa farmers could soon have their own professional card. This is indeed one of the goals of the census scheme for farmers of the industry on which are currently working government and its partners. According to Edouard N'guessan Kouassi, deputy director general of Ivorian Council for Coffee and Cocoa (CCC in French), “the operation will allow to better target aid to...

The World Bank and its subsidiaries will invest $3 billion in Cote d’Ivoire by 2020 to support a scheme focused on economic development which was drawn out by authorities, Pierre Laporte, Head of World Bank’s operations in Abidjan, said on February 1st. “Our concessional window planned for about $800 million. The International Finance Corporation (IFC) will provide $1.7...