Sound Energy on Thursday, announced that it has signed a binding agreement to buy Maghreb Petroleum Exploration’s 25% working interest in the Sidi Moktar Licences in Morocco. This is coming after the Company's announcement on October 22, 2015, that it had entered into heads of terms to acquire Maghreb Petroleum Exploration’s interest in the Sidi Moktar Licences. The Licences cover...

Tripoli-based National Oil Corporation (NOC) has announced that Libya's crude output still stands below 400,000 bpd after attacks by Islamic State militants on its oil facilities last week. “Production of crude oil today is less than 400,000 barrels, it's still the same”, the spokesman of NOC Mohamed Al-Harari said. IS militants last week clashed with Libya’s Petroleum Facilities Guard...

Ashok Beeharry and Ritvik Neerbun, two of MBC’s (Mauritius Broadcasting Corporation) journalists received a warning after participating to a debate-forum organized in November 2015 by media Trust, public institution that trains journalists. The debate to which these journalists participated was titled: “What future is there for journalism in public service”. MBC said they expressed...

In a tweet dated January 12, 2016, Stéphane Richard, Orange’s CEO, announced the soon-to-come entry of his firm into two new African markets in addition to Liberia’s, Burkina Faso and Liberia. With these, Orange is now formally present 20 African countries and has landed 6.8 million more subscribers in Liberia. In a released published today, January 13, 2016, Orange said its arrival in...

Athi River Minning Cement (ARM Cement), Kenya’s second cement producer behind Lafarge-Holcim’s subsidiary, Bamburi Cement, announced it received an acquisition offer from a big investor. Though no further details were given about the transaction, the Kenyan press revealed that the unknown investor was Ultratech, India’s leading cement producer with assets in the Middle East. The group is...

Aminex has signed a Gas Sales Agreement (GSA) with the Tanzania Petroleum Development Corporation (TPDC) for the Kiliwani North gas field, situated in the Tanzanian Coastal Basin, off the coast of Tanzania. The agreement which came into effect as of December 31, 2015, provides the basis for the commencement of production and for the company to generate its first revenues from Tanzania. Under...

As part of a business development support to its main distributors, Vivo Energy Ghana Limited on Wednesday awarded four brand new Shell lubricants trucks to its distributors to facilitate the safe transportation of Shell lubricants all through the country. The Managing Director of Vivo Energy Ghana, Ebenezer Faulkner, while presenting the keys to the trucks, urged the distributors to work...

Tullow Oil, on Wednesday, announced that the Tweneboa, Enyenra and Ntomme (TEN) project, offshore Ghana, is 80% complete and making tremendous progress. The company stated the project which is aimed at developing the TEN discoveries, has not been affected by the decline in the prices of crude oil in the international market. It remains within budget and first oil is expected between...

Cotton producers from the Niellé basin have threatened to burn yields as a response to government’s decision to implement zoning. “We want no zoning on our farming lands; we will not be forced to belong to any cotton companies we do not want,” they said. “We are being forced to work with a cotton company while, since the reconstruction of the sector, farmers, individually or in...

Sub Saharan Africa should prioritize the development of its power industry if it wants to overcome the internal challenges to its development. This is what emerged from World Bank’s latest report of global economic perspectives. “Solving the problems of the power sector should be a priority,” the report said. “The implementation of appropriate conditions for a competitive industrial...