Algeria plans to boost oil and gas productions to feed both rising local and global demand. According to Xinhua news, the country’s Prime Minister, Abdelmalek Sellal (photo), had foretold an increasing global demand for clean energy in the future counting Algeria's natural gas. Last year, Algeria succeeded in boosting natural gas output by 2.3% as a result of efforts made by Sonatrach. Sellal...

Burkinabe Coris Bank International (CBI) just announced it was going to establish subsidiaries in Senegal and Benin in 2016. “We will expand to other countries in 2016,” the firm’s CEO and founder, Idrissa Nassa, told press agency APA, while putting an accent on Benin and Senegal. Already in Cote d’Ivoire, Mali, and Togo, Coris Bank previously said it planned to expand its network to...

To celebrate its 90 year anniversary this year, World’s number three of communication sector initiated a contest through which it is to provide funding to 90 digital projects. Named Publicis 90, the initiative is opened to students, new startups, project bearers or employees of Publicis Groupe all around the world. Applicants can submit their projects via the dedicated platform...

The IPO of Botswana Telecommunication Corporation Limited is undoubtedly the biggest event recorded by the Botswana Stock Exchange since the year started. Indeed, since it has been launched, it has been found that about 1,000 investors per day submit their offers for the shares at branches of Barclays, the arranger of the transaction. For government, this is a success as its aimed was to...

The Nigeria Labour Congress (NLC) on Friday called on the Federal Government to use the money collected from those who stole from the treasury to build refineries in order to meet the country’s energy requirements. The union made this call at a stakeholders meeting held in Lagos on fuel subsidy and petrol pricing in Nigeria. “It has become obvious that building refineries is imperative for...

Ghana on Friday revealed plans to ban improved supply of Liquefied Natural Gas (LNG) from Nigeria via the West African Gas Pipeline (WAPG) scheme, Guardian news reports. As a matter of fact, Ghana has complained about the failure to fully utilize the pipeline, which supplies an insignificant 50 million scf/d of gas to the country, out of its 460 million scf/d capacity. “Nigeria need to supply...

Talks of a cooperation between OPEC and Russia to reduce production have raised hopes in the international market as Russian Energy Minister Alexander Novak (photo), claimed that the country will hold talks with OPEC in February on a possible agreement to reduce output. “There are very many questions, on checking cuts, from what base to count from. In order to start working through these...

Ethiopia needs a funding of $500 million by the end of April 2016 to fight hunger. According to the U.N World Food Programme (WFP) who made the announcement, this sum will be used to support 10.2 million people facing critical food shortages this year. The institution indicated that the country which is experiencing its worst drought since 1984 could be overwhelmed despite executive’s...

In its recent 2016 risk-country review published on January 26, credit-insurer Coface lowered the ratings of five African countries: Algeria, South Africa, Gabon, Tanzania and Madagascar. Algeria whose economy depends mostly on oil and gas had its ratings dropped to “B” from “A4” with a negative outlook. South Africa also fell down to “B” from “A4” with a negative outlook, due...

International money transfer website WorldRemit and MTN have signed earlier this year a partnership agreement enabling WorldRemit’s users around the world to send money to MTN’s Mobile Money customers in Rwanda, Uganda and Zambia. MTN Group Head of Mobile Financial Services says “the partnership makes sense for both companies, as WorldRemit and MTN share a disruptive approach to...