After the openings of its Pullman Kinshasha Grand Hotel and Pullman Douala Rabingha, first hotel in Cameroon, the Accor group now announces the opening of the Pullman Lubumbashi Grand Karavia. Previously a property of the Luxembourg registered Holding “African Equities” owned by Philippe de Moerloose since 2010 when it was fully renovated, the 5-star hotel now sees its ownership transferred....

The Electricity Company of Ghana (ECG) will stop providing power to all public institutions that still owe him. This was announced by the vice-minister of Energy, John Jinapor, who also said big consumers such as hotels and nightclubs in the same situation would receive the same treatment thereby allowing health establishments in the country to have more power. The supply cut is part of the...

SEMAFO inc (TSX : SMF) (OMX : SMF) fixed at $11 million the amount to be invested in its exploration projects in Burkina Faso this year. The sum will be injected in its Natougou, Mana projects as well as others susceptible of needing an investment. $6 million will be injected into exploration activities in Natougou (Tapao permit). These activities include various drilling...

TSX-listed firm Ivanhoe announced it was going to proceed to the updating of its NI 43-10 permit at the Kipushi underground mine. Located in DR Congo in the Haut-Katanga region, the Kipushi project is a zinc-copper mine. The firm intends to use the update to speed negotiations with potential strategic investors. However, transactions with investors will only be possible after definite...

MX Oil on Tuesday announced that it has signed a term sheet with a recommended buyer who is part of a recognized international oil and gas group for its investment in the proven Aje field offshore Nigeria. MX is to get $18 millions for the sale of its investment after it meets some certain conditions. The conditions involves the advancement of about $3.5 million to the Company in two...

The President of Dangote Group, Aliko Dangote, has revealed that his company is planning to make foreign exchange incomes for the next five years when all projects are completed. Dangote declared this at a lecture in Zaria, over the weekend. He said the group will before long be Nigeria’s biggest forex earners after the Nigerian National Petroleum Corporation (NNPC). He said the 650, 000...

Afrox on Tuesday announced that it has secured a R100-million contract to supply liquid carbon dioxide to Kingsley Beverages’ new carbonated soft drinks plant in Roodepoort, South Africa. This is coming after the company signed an initial R150-million supply contract in 2013, for the latter’s Malvern and Spring plants. Afrox has also been granted a R260-million, five-year contract extension...

Libya witnessed a fresh attack on an oil pipeline located south of the port of Zueitina. Maintenance teams are working to repair the damages, Ali al-Hassi, a spokesman for the pipeline's guards said on Monday. The pipeline which leads from oil field 103 to the export terminal at Zueitina was hit by an explosion. According to Reuters, though Islamic State militants have been active in the area...

Tullow on Tuesday said it presented a draft field development plan to the government of Kenya in December 2015, in order to set up talks concerning potential investment for upstream development projects in Kenya and Uganda in 2017. According to the company, development plans are progressing in Kenya following the successful conclusion of exploration drilling in 2015 which included the successful...

Ghana’s Sankofa-Gye Nyame field is expected to provide its first oil in August 2017 and first gas in 2018, the acting CEO of Ghana National Petroleum Corporation (GNPC) revealed. The project is estimated provide extra 30,000 bopd when it commences operation, thereby increasing outputs from the Jubilee and the Tweneboa-Enyenra-Ntomme (TEN) fields to more than 120,000 bpd. Sankofa-Gye Nyame is...