Yesterday, Morocco’s king Mohammed VI commissioned the Africa Fertilizer Complex (AFC) in Jorf Lasfar. The commissioning of this fertilizer-producing factory whose output will mainly go to sub-Saharan Africa marks the fulfilling of a commitment of the kingdom made to sub-Saharan nations. Truly, Mohammed VI previously promised to participate to the development of agriculture of these countries...

Consulting firm Cyclope forecast that price of commodities would fall 18% in average in 2016 against 38% the previous year. The drop should thus be less severe than last year’s said the consulting firm which specialized in the analysis of world commodity markets and was founded by Philippe Chalmin, professor at the University of Paris-Dauphine. This year, commodities affected include iron...

The African Development Bank (AfDB) via a release published on January 28 announced it has granted Mali FCFA60 billion to finance a project which aims to improve the mobility and resilience of populations by constructing roads and building basic social infrastructures. The funding which is divided into a loan of FCFA40 billion and a grant of FCFA20 billion, will be injected in a project to...

“The government of Senegal doesn’t owe Abbas Jabber anymore”. These are the words of Senegal’s minister of agriculture, Papa Abdoulaye Seck, who announced the end of the saga that opposed the government to Sunéor’s former owner. “Everything the State owed Abbas Jabber in the framework of the firm’s transfer has been paid last Wednesday. Sunéor is now back to the government....

Last week, Faisal Gergab, chairman of the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) to which was transferred all Libyan assets in Africa, met, in Cote d’Ivoire, with the Ivorian ICT minister, Bruno Nabagne Koné. During the audience granted him, the Libyan representative presented the Ivorian minister a plan for str ategic development of mobile operator...

Following the Thursday night explosion from Oil Pipelines owned by Nigerian Agip Oil Company, the residents of Brass Local Government Area of Bayelsa State have said that multiple bombings of the company’s oil pipelines have made thousands of barrels of oil to pollute waterways, farms and fishing grounds. Fishermen in the community have revealed that for two days, oil kept flowing without...

Sasol has announced that it has been granted approval by the Mozambique Council of Ministers for its field development plan (FDP). This field development plan will allow the company develop more hydrocarbon resources to support the growth of Southern Africa. The plan is to be developed in phases. The first phase of the Production Sharing Agreement (PSA) licence area development offers an...

In order to overcome its worst electricity crisis ever, Zambia has increased power tariffs for mining companies. Obtaining the information from sources which desired not to be identified, Bloomberg revealed that the new tariff, applied on January 1, 2016, is 10.35 cents a kilowatt hour. British firm Vedanta Resources announced last Friday that charges of its Zambian unit increased 25%, thus...

As drought hits Morocco, its government has decided to take action. Indeed, as rain deficit for the 2015-2016 season is 63% higher than last season’s, authorities have decided to mobilize 4.5 billion dirham to overcome the crisis. According to Medias 24, this sum will be invested in preserving livestock, protecting green resources, and sustaining balance in rural areas. While the first goal...

Since last January 28, two TV channels have stopped broadcasting in DR Congo. These are Radiotelevision Nyota and Mapendo owned by the Nyota group. The two channels which were broadcasting from Lubumashi in the Katanga province have been prohibited from broadcasting over the territory. This was decided by Minister of Communication and Media, Lambert Mende, in decree published on January 20....