In Paris, more measures are being taken to face the climate change threat. Amongst these, solutions such as renewable energies and improving energy efficiency are multiplying, brought about by public entities or private investors. The Global Geothermal Alliance, one of these solutions, has been established to boost by 500% the current output of geothermal energy by 2030. Involving 36 countries...

In Egypt, the Minister of Petroleum and Mineral Resources, Tarek El-Molla (photo) on Tuesday entered into two agreements with HBSI and EGPC, for oil and gas exploration. The first agreement signed by the Minister, was with Tunisia’s HBSI for the Haliph area in the Western Desert. The least possible investment of approximately $9 million as well as a signature bonus of $1 million, to...

The Federal Government of Nigeria with the aim of closing all loopholes that gave rise to corruption, has decided to split the Petroleum Industry Bill (PIB) into different versions and also divide the Nigerian National Petroleum Corporation (NNPC) into two companies, Vanguard News reports. Indeed the NNPC is to be divided into two companies which are; the Nigeria Petroleum Assets Management...

A report published on December 1st by Nouvelles Donnes confirmed that the growth of major French banking groups in Africa is declining compared to local actors. The “BSEM 2015” or Banking Survey-Emerging Markets, a study conducted by the firm specialized in various development challenges in the banking and insurance sectors this year focused on Francophone Africa. It emerges from this study...

Broadcasting Authority of Zimbabwe-BAZ French Company Eutelsat Communications, major satellites operator worldwide, signed an agreement. The agreement aims to reinforce digital transition of Zimbabwe’s broadcasting network which was launched in 2011. The country thus plans to switch to digital which is now trending in Africa. Eutelsat is to offer 12 free channels on the 48 Digital terrestrial...

On December 4, 2015, during the sixth edition of Forum on China-Africa Cooperation which lasted till December 5, 2015, in Johannesburg, South Africa, Chinese firm China Telecom Group signed with Djibouti Telecom, a cooperation agreement. The agreement was signed by Djiboutian minister for Communication, Posts and Telecommunication, Ali Hassan Bahon. Under this agreement which is the outcome of...

As the COP 21 talks on climate change continue in Paris, Benin’s President Boni Yayi, during the opening of Africa’s official pavilion, clearly voiced the intentions of the continent in regards to the event. “Africa didn’t come to Paris to beg for money or aid, but to ensure the commitment of all parties involved so as to help Africa adapt to climate change,” he said. “The needs to...

On December 3, Senegal and China signed a loan agreement valued at FCFA200 billion ($400 million) to finance the construction of a motorway connecting the Blaise-Diagne International Airport (AIBD) to Mbour and Thiès. This agreement was signed by Senegalese Minister of Economy, Planning and Finance, Amadou Ba, and Vice-president of Business division of import-export Chinese bank (Eximbank of...

As a result of the ongoing COP 21 talks, ten African countries just launched the AFR100 scheme. These countries intend to recover 100 million hectares of arable lands by 2030. While World Bank and Germany are to invest a billion dollars in this project, the private sector will inject $545 million. Vincent Biruta, Rwanda’s minister for natural resources, said the initiative could...

As fuel scarcity persists in Nigeria, various filling stations are taking full advantage of the ongoing supply shortage by violating market regulations laid down by the Department of Petroleum Resources (DPR). So far 97 filling stations in both Lagos and Ogun states have been sealed by the (DPR) for market violations. According to the DPR, in a statement the retail outlets violated various...