The recent mission led by the Cameroonian Cocoa and Coffee Interprofessional Council in Milan for the Universal Expo held there has started yielding fruits. Indeed, according to CICC’s executive secretary Omer Gatien Malédy, some Italian industrialists are interested in building in Cameroon, solar-powered cocoa-drying ovens. This project led by Italian industrialists from whose...

Since 23 October 2015, mobile operator Méditel has launched its ADSL offer on the Moroccan market. Though the unbundling requested from Maroc Telecom for a year and a half now is not yet complete, the telecom company, subsidiary of French telecom group Orange, has decided to go into the market with the little already available. The offer is composite, i.e. consisting of a fixed telephone line...

Oklo Resources Ltd, an Australian mining company, received the firm commitment from experienced and professional investors to raise a total of USD 3 million which will be used to advance its gold projects in Mali. Some 40 million ordinary shares will be sold, in two stages, at the price of USD 0.075 per share with Taylor Collison as lead arranger, the company listed on ASX explained on 15...

The Tongon gold mine, of which Randgold owns 89%, has finished paying its USD 448 million shareholders’ loans and is now in a position to pay dividends Mark Bristow (photo), Executive Director of the London- and New York-listed company, said. This was on 24 October, during a press conference on the quarterly activities of the Tongon mine where the loans were used in part to finance the need in...

RAK Petroleum Plc. which holds 33.33% of Foxtrot International LDC has announced that it has begun production from a second platform on Block CI-27 offshore Ivory Coast. The Marlin-B1ST well, being the first in an initial five-well drilling campaign to develop two previously discovered fields on the block is at present flowing about 1,100 bbls/d of 26 degree API oil through a 35/64...

Despite the decline in the prices of crude oil, Tullow Oil Plc is still proceeding with its production activities in Ghana, Group Chief Executive Officer, Mr Aidan Heavey (photo), said. “Oil prices always move up and down but this time round, it has been a dramatic decline for the company but we are focused on key projects in Ghana,” Heavey told Ghanaweb. The oil company has witnessed the...

Following the Minister of Petroleum and Mineral Resources Tareq el Molla’s declaration that Egypt will be a regional center for energy of oil and natural gas, the country has today revealed plans to engage a third Floating Storage and Regasification Unit (FSRU). The FSRU is to allow Egypt to keep up with its imports of natural gas to meet growing domestic demand as well as import LNG and...

Egypt's petroleum minister Tarek El Molla has announced that British oil major BP is to start production at its North Alexandria concession in early 2017 instead of the mid-2017 it had initially reported. “The offshore concession's output will be roughly 450 million cubic feet per day in 2017 and reach 1.2 billion cubic feet per day by the end of 2019," El Molla told Oil and gas people. As a...

African Petroleum in its update has announced that it is still seeking strategic partners on its 10 licences in Côte d’Ivoire, Liberia, Senegal, Gambia, and Sierra Leone, so as to share risk and potential reward of the company’s exploration program as well as fund its high impact exploration drilling campaign in 2016 and beyond, Petroleum Africa. The company stated that its immediate focus...

During his visit in Douala on 19 October 2015, Cyrille Bolloré, president of Bolloré Transport Logistics, announced that the Bolloré group intended to finance the feasibility studies and construction works for the railway that extends from Ngaoundéré in the Northern part of Cameroon to Ndjamena, Chad’s capital city.   Previously selected as technical expert on this project by...