During the second edition of African Digital Summit held in Casablanca last week, Azzedine Mountassir Billah, director general of Morocco’s Autorité Nationale de Régulation des Télécommunications - ARNT - (National Telecommunication Regulatory Authority) encouraged government and companies to invest more in the development of services and content in Morocco, in order to avoid exhaustion of...

Randgold Resources Ltd, gold company listed in London and New-York, ended joint-venture with AngloGold Ashanti Ltd regarding redevelopment of Obuasi gold mine in Ghana. The dual-listed mining company announced on December 21, it has decided to end with immediate effect, its investment agreement with AngloGold saying proposed investment did not meet its investment criteria. The decision...

After five days of talks in Nairobi, the respective ministers of trade of the member-states of World Trade Organization (WTO) inked an important deal regarding Africa’s cotton industry. The agreement is to help the less developed countries, mainly those in sub-Saharan Africa, have a greater access to non-producing foreign markets for the commodity by suppressing customs and taxes. It was also...

The Democratic Republic of Congo plans to issue a billion dollars Eurobond which will be invested in projects that will help boost economic growth, Bloomberg reported on December 18 citing DR Congo’s Prime Minister, Augustin Matata Ponyo. “We are in the process of working with external advisers to identify what is possible”, the Prime Minister said. “It will allow us to mobilize funds...

Mozambique’s Minister of Resources and Mining, Pedro Couto, on Monday revealed that the country’s natural gas exports increased to about 115.4 million gigajoules in 2015. He revealed this at the opening the 1st Coordinating Council of the Ministry of Mineral Resources and Energy. He noted that the production of natural gas had risen by 8% and the decline in prices in the global markets...

African Petroleum on Monday announced that it has signed a new Production Sharing Contract (PSC) which covers its CI-513 licence area in Ivory Coast with Ophir Energy plc. Under this new PSC, Ophir Energy is the operator with 45% interest, alongside African Petroleum and Petroci; the National Oil Company of Côte d’Ivoire with 45% and 10% carried interest. The new PSC also includes the...

In Angola, a mutual agreement, was entered into recently between the chairperson of the Board of Directors of Sonangol EP, Francisco de Lemos José Maria (photo), and Cláudio Descalzi Eni’s CEO for the development of plants in the Luanda and Lobito (Benguela) refineries. Sonangol in a press note stated that the agreement also includes the improvement and increase in the potential of the...

EIVA a company that provides software, hardware and integrated solutions for any offshore survey and subsea engineering operations, has announced that it has entered into a partnership with OceanCosmos Nigeria Limited to become its first representative in Nigeria. OceanCosmos Nigeria is to offer its clients both EIVA’s hardware and software solutions as an indigenous point of contact that...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Sunday, ordered appropriate agencies to begin the special supply of petroleum products as a way of guarantying the country-wide availability of the product during Christmas. In the directives, the Pipelines and Products Marketing Company (PPMC) and the Petroleum Products Pricing Regulatory Agency (PPPRA) are to begin the new...

In Libya, the Eastern government’s state oil company has entered into an agreement to sell 2 million BO to Egypt, a spokesman revealed. This is part of the Libya’s effort to gain exports despite the fact that most trading companies prefer to deal with the rival western government. According to Aswat Masriya News, a group from the eastern NOC led by the chairman, Naji al-Moghrabi, had...