Inhabitants of Sao Tome and Principe, the small country located in the gulf of Guinea, offshore Gabon and Equatorial Guinea, are about to have access to high-speed internet. The African Coast to Europe consortium which is represented by French telecom group Orange, its subsidiaries and other investors, just announced the starting of construction for a landing station for fiber optic which is to...

Lucara Diamond Corp, triply listed Canadian diamond producer, has recovered from its Karowe mine (100% interests) in Botswana, a 1,111 carat gem quality, Type IIa diamond classified as the “second largest diamond ever recovered”. The magnificent stone was found in the Southern lobe of the Karowe mine and is the first diamond to be recovered through a modern processing facility, the Large...

Egypt’s government has decided to reinforce its cooperation with Jordan and Iraq in the oil and gas industry, towards finding a sustainable solution to the current power crisis Egypt is going through. On November 15, in Amman, Jordan, a Memorandum of Understanding was signed to this end between Egypt’s minister of oil and mining resources Tareq El Mulla, Jordanian minister of energy Ibrahim...

Guinea Bissau just benefited from a 19 billion FCFA grant from the African Development Bank (ADB). This funding is to be used to improve power supply in the country, Xinhua agency reports citing an official source. This grant is to be injected into projects related to the transportation of electricity from the Sambangalou and Kaleta dams, respectively in Senegal and Guinea, to Bissau, the...

South Africa and USA just signed an agreement involving a yearly import of 65,000 tonnes of American chicken. This agreement which was reached a few months ago was under review because Pretoria had concerns about health regarding the avian flu which is currently hitting the US. This last trick of South Africa to evade the US irritated the world giant who, through its president Barack Obama,...

Mainly as a result of the worldwide drop in oil prices, Nigeria’s economic growth dropped to 2.84% in Q3 2015 against 6.23% for the same period last year, Nigeria’s Statistics Office announced on November 17. Between July 1st and September 30, crude production in the country has reached 2.17 million barrels per day against 2.05 million barrels for the same period the previous year, the...

In Nigeria, the Nigerian National Petroleum Corporation (NNPC), has announced that it has made a deal with oil marketer to end fuel scarcity which has been causing noticeable queues throughout the country. The Group General Manager Public Affairs, Ohi Alegbe, in a statement, declared that the commitment of marketers in supporting measures provided by the federal government in bringing back...

In Tanzania, Bowleven Plc. has signed a conditional Heads of Terms (HOT) with Aminex Plc. to acquire 25% interest in the Kiliwani North Development Licence and also a 50% interest in the Ruvuma PSA. According to Kevin Hart (photo) the Chief Executive of Bowleven Plc, the choice to sign the agreement with Aminex follows the widespread screening of a huge number of opportunities in...

In Botswana, the North West District Council (NWDC) has announced plans to cut its fuel expenses by 10% to 15% in 2016. Speaking with the Maun Administration Authority (MAA) councillors in Maun recently, the council chairperson, Gaokgakala Letswee stated that a new fuel management system would be introduced to monitor the amount of fuel consumed daily. He added that fuel stations would be...

The Korea Gas Corporation (KOGAS), has announced plans to continue with the project of constructing pipelines coast to coast for the delivery of gas in Mozambique, a source from the company revealed. "Based on the close relationship with the Government of Mozambique, a nation that is emerging as a new country with energy resources, we are planning to carry out the project of building a natural...