The current situation at the Institution of Tunisian Television (ETT) is extremely surprising. Indeed, ETT’s Director General Mustapha Ben Letaïef who previously dismissed the Editor in chief of the news department, Hamadi Ghidaoui, was sacked. Also, directors of Watania 1 and Watania 2 channels, Iheb Chaouech and Chadya Khedhir resigned from their positions It all started from the diffusion...

Toro Gold Ltd, registered mining company of Guernesey, published on November 10, an update on its exploration activities for gold in Côte d’Ivoire that shows very encouraging results. For the four exploration permits where it is in joint-venture with the Australian firm Predictive Discovery, Toro says its exploration team has made an excellent start making rapid progress. This includes the...

Italian giant Eni will inject more than $2 billion in Egypt over the next four years for the implementation of a number of oil and gas projects which should provide a sustainable solution to the issue of the increasing demand in domestic energy in the country. The significant investment is subsequent to various changes, implemented by government, in the Sinai 12 and Abu Madi, North Port...

For private investors, the renewable energies sector represents a $13 billion worth investment opportunity. This was revealed by a report of Regional centre for renewable energies and energy efficiency. The country indeed plans to raise its energy capacity from 31 GW (2013) to 60 GW in 2020. 20% of this capacity or 11 GW will be derived from renewable energies. “There is currently more...

Kenya expects its coffee yield for the 2015-2016 season to go up 22%. This increase will result from the implementation of a number of initiatives driven towards production boosting, said the industry’s regulator. The country plans on benefiting from the positive impact of the increase in lands allocated to the crop as well as of the exploitation of new plantations in its western part. The...

Bahraini investment group Growthgate Capital which specializes in the agro-food sector, has acquired 6% of additional interests in Retail Holding, the main shareholder of Label’Vie, specialist of large-scale retailing, and concessionaire of Carrefour brand in Morocco. The transferor in this transaction is Unimer, another operator of the Moroccan agro-food industry, who by the way cashed-in...

Kenya’s government announced on November 13, it would review the rule that forces foreign investors to hold not more than 70% of stakes in a company and partner with locals. Known as the 70-30% rule, this law was introduced in another related to business establishment (Companies Act). Since it was implemented, many complaints arose from foreign investors and multilateral financial backers who...

Rwanda’s senate adopted on November 17, a constitutional reform allowing president Paul Kagame to obtain a third mandate in 2017 and remain in power till 2034. The Senators who mostly belong to the Rwandan Patriotic Front (RPF, President Kagame’s party) voted the new 101 and 172 acts. The new 101 act reduces the presidential mandate from 7 to 5 years and limits it to two renewals. The 172...

As fuel scarcity persists in Nigeria, the Nigerian National Petroleum Corporation’s (NNPC), System 2B trunk line in Warri on Tuesday evening exploded till late this afternoon, no casualty has been recorded so far. The System 2B trunk line situated near the David Ejoor Barracks, Effurun, close to Warri, Delta State delivers products to the Benin City depot and other depots in the Northern...

In Madagascar, Oyster Oil and Gas has confirmed reports of the departure of Afren Group from the country and the release of its previously held interests in onshore Antsiranana concession Block 1101. According to the company, the government of Madagascar and the Office des Mines Nationales et des lndustries Stratégiques (OMNIS) has requested its presence in order to discuss and agree on the...