Kenyan group Jubilee Insurance announced, on 12 October, having started operations in the Democratic Republic of Congo as part of an expansion programme in sub-Saharan Africa which also includes having a presence in Ethiopia and Madagascar prior to the end of the current year. Commenting during the signing of a partnership agreement with automobile distributor CMC Motors, Patrick Tumbo (photo),...

On 13 October 2015, the sub-marine fibre optic cable Africa Coast to Europe (ACE), was officially commissioned during a ceremony organised by the ministry of Communication and Information and Communication Technologies. The commissioning involved starting up the connecting equipment housed in the landing station located at Rue du Centre Psychiatrique Jacquot, in the Fidjorossè area of Cotonou....

Algerian Prime Minister Abdelmalek Sellal announced, on 14 October, that his country will start in 2016 the construction of a big transhipment port linked to the main highways in order to transport goods through Africa. “The construction works of the new commercial port of the central region, to be located between the cities of Cherchell (Tipaza) and Ténès (Chlef), are scheduled to start in...

South Africa’s Strategic Fuel Fund (SFF) is looking to resume crude imports from Iraq, if sanctions placed on the country are lifted. SFF is seeking to import from Iraq 24-million BO a year to boost its reserves, an official told Businessday live. South Africa has not been importing crude oil from Iraq since 2003 due to sanctions imposed on the country by the European Union and the United...

Gulfsands Petroleum Plc in its update today expressed disappointment for not beinggranted an extension by Morocco’s oil company ONHYM (Office National des Hydrocarbures et des Mines), to its Fes Petroleum Agreement in the country. The Fes Agreement covers the Fes area onshore Morocco where the company had targeted prospective resources of about 478 million barrels of oil equivalent. The...

Ghana's Minister for Power Kwabena Donkor has on Thursday led a government delegation to Abuja to begin talks with N-Gaz, a Nigerian consortium, and other stakeholders in an effort to avert execution of threats from Nigeria. Nigeria had recently threatened to cut gas supply to Ghana due to an outstanding debt of $181 million. According to the West African Gas Pipeline Company (WAPCo)...

Moroccans, Nigerians and Kenyans dominate the 2015 edition of the “Choiseul 100 Africa – Future economic leaders” ranking compiled by the Choiseul Institute, a think-tank based in Paris. This ranking published every year “identifies, lists and ranks young African leaders aged 40 years or less, who might play a major role in the economic development of the continent in the near...

Panoro Energy ASA has today declared the successful completion of the Aje-5 production well situated on the OML 113 licence, offshore Nigeria. The drilling which began in July has now being completed and all major equipment used has being moved to Lagos. The equipment which includes the Saipem Scarabeo 3 semi-submersible drilling rig is to re-enter the existing Aje-4 well to be completed as a...

Angola has decided to cut its expenditure by half this year as a result of the decline in the prices of oil. The country records approximately two-thirds of fiscal revenue in crude oil since crude prices fell in June last year putting the second-largest crude oil producer in Africa at risk. While representing the President Jose Eduardo dos Santos at the state-of –the –nation address in...

Colas, the transport subsidiary of Bouygues, has succeeded in producing energy thanks to photovoltaic cells installed on roads. Referred to as Wattway, this new technique of producing solar energy, is the fruit of five years of research conducted with the National Institute of Solar Energy (INES). The usually fragile photovoltaic cells are covered with a patented transparent coating which allows...