Toward resolving the dispute that led Nigeria to threaten of cut gas supply, Ghana has announced that it will pay the sum of 170 million dollars it owes Nigeria by February 2016. According to the spokesperson of Ghanaian Ministry of Power, the Volta River Authority the country’s state power generating company is to pay the debt to N-Gas in three parts starting from November. « The...

GPB Global Resources has announced that it has acquired a 2D seismic Data Acquisition at the Gewane-El Wiha licence area in Ethiopia. The licence area which is situated in the Afar region North-East of Ethiopia, covers approximately 42,000 km² and has seen Airborne FTG and Magnetic Survey carried out in February this year. GPB Global Resources had signed a Petroleum Production Sharing Contract...

Engen Petroleum, a South African oil and gas company plans to add two new service stations to its retail network in the Democratic republic of Congo as well as construct an Engen Truck Stop long haul site. The GM of Engen’s International Business Division, Drikus Kotze, stated that the company has just received approval for construction of service stations on the Tourisme in Kinshasa, which it...

On October 13, 2015, a group of cocoa producers including Gics Enugma and Ugicam, from Nkoétyé which is about 10 Km from Cameroon’s Southern regional capital, sold 60 tons of cocoa for 90 million FCFA, the Mutations daily reports. This feat arose from a grouped sale organized by National Cocoa and Coffee Board (ONCC). Michael Ndoping Managing Director ONCC said grouped sales aside boosting...

The National Iron and Steel Company (Feraal – Société National du Fer et de l’Acier) will select, prior to end October, an international expert firm to study the feasibility of operations on the mega deposit of Gara Djebilet, APS reports. The choice will be made “from a shortlist of 3 international firms of world renown and specialised in mining, steel and metal industry”, Ahmed...

At least three people were shot dead this Tuesday 20th October during a demonstration organised by the opposition against a constitutional referendum which would allow President Denis Sassou Nguesso to seek a third term in 2016, the Reuters agency reports. A witness who brought one of the bodies to the city mortuary declared that his friend was killed by security forces. “I was there when they...

The new Congolese public airline, Congo Airways, launched on 20th October its commercial flights with the inauguration of the regular connection Kinshasa-Lubumbashi. This first flight between the capital city and the second city of the Democratic Republic of Congo took off from the Ndjili international airport in Kinshasa shortly after 9H00 GMT, with 160 passengers on board. According to...

In Cameroon, current local supply in cement is estimated to about 5 million tons (Production and Imports) for a national demand of 3 million tons thus implying a significant gap between supply and demand for this commodity. This mainly resulted from the establishment of two new cement plants in the country (Dangote and Cimaf) which ended the half-century reign of Lafarge over the market....

The drilling on the Aigle prospect, in the CI-508 licence containing total crude prospective resources of 300 million barrels oil equivalent in the Côte d'Ivoire offshore, will start closer to end 2015. Genel Energy Plc, oil company listed in London, owning 24% of this licence, announced this schedule, on 20th October, in an update on its activities. The well will focus on an important oil...

For several months now, clients of La Poste SA and its subsidiary La Poste Bank are facing numerous challenges when withdrawaling or depositing money. In the 10 provinces of the country, the problems are the same. Long queues at the counter, but the service is not up to par. According to the clients, the explanations given by the officers to justify this situation are legion: No internet...