Israeli company Spacecom announced that its communication satellite AMOS-5, it lost contact with on November 21, 2015, was forever gone. The satellite cannot be retrieved, added Russian manufacturer JSC Information Satellite Systems – Reshetnev who built the satellite when declaring the satellite “fully de-energized”. “The malfunction is final and any additional operation of the satellite...

Facebook’s “Instant articles” service which was launched in May 2015 knows quite the success. Indeed, Facebook on the 16th of December 2015 announced that seven months only after it has been launched, the mobile-based service (phones and tablets) which allow Medias all around the world to publish their articles on the social network has attracted 350 global media partners. “So far, over...

Following the declaration of force majeure on LPG exports by some major gas refineries in South Africa due to rationing of electricity to their plants and rising domestic demand, Zimbabwe is likely to be affected again by the shortage of Liquefied Petroleum Gas (LPG). South Africa is the main supplier of LPG to Zimbabwe. The country’s demand is on the rise as a result of dominant power...

Rhino Resources has announced that it has been granted access to four offshore blocks in the East and West of Africa. Indeed, the company was granted two offshore blocks; Blocks 17 and 24, in the Comoros territorial waters off Mozambique in November 2015 which totals 11,947 km² and are at present subject to approval by the National Assembly. Blocks 17 and 24 is bordered by block R5-C in the...

On December 16, 2015, US Federal Reserve (Fed) has ended its crisis-adapted monetary policy increasing by 0.25% its rates for the first time in 10 years. The rate which since 2008 ending had been fluctuating in a 0 to 0.25% range now climbs to a 0.25%-0.50% range. Fed said the reason for this decision was an improvement in US economy’s indicators. USA’s GDP growth this year was forecast at...

MagneGas Corporation, this week revealed that it has entered into a strategic partnership with the aim of expanding its technology in West Africa. Indeed, this technology company that counts amongst its discoveries an original process that transforms liquid waste into MagneGas® fuel, has entered into a Memorandum of Understanding (MoU) with Sierra Leone based, Masada Waste Management...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Thursday announced that the Federal Government planning to engage private investors to build new refineries amidst the current old ones. Kachikwu, also revealed that two of the country’s current refineries are likely to begin operations before the end of December. In September, 2015, the Group Managing Director of the Nigerian...

Tlou Energy in its update on the ongoing field development activities, revealed that last year, it involved Botswanan-based Ecosurv Environmental Consultants and submitted an Environmental Project Brief for the Lesedi CBM Project. In March 2015, Public consultations and background specialist analysis were concluded and a Scoping Report was submitted to the Botswanan Department of...

Mobile networks operators Orange and MTN have each deposited an installment payment to Côte d’Ivoire’s government on the15th December 2015, in order to renew their licence which ends in the Q1 2016. The subsidiary of the French Group paid 50 billion FCFA out of the 100 billion requested whereas the South African Group subsidiary paid 75 billion FCFA. Bruno Nabagne Koné, the Ivorian...

Algeria’s minister of Energy, Salah Khebri reached out to state-owned lighting systems manufacturer Rouiba Eclairage encouraging him to invest in the renewable energies sector. During a surprise visit to the firm, the minister asked its top brass to “extend its range of products to systems used in the renewable energies industry and to integrate the renewable energies in its national...