The African Bank of Development (AfDB) has just announced that it had awarded a loan of approximately €115 million (USD 132 million) to Morocco. This financing will go to Plan Maroc Vert, the institution which recently welcomed Akinwumi Adesina at its head indicated. The investment sanctions the success of this initiative which, since its inception in 2008, aroused admiration throughout...

The most high profile Guinean opposition member Cellou Dalein Diallo announced, on 15 October, that he is withdrawing from the electoral process following the publication by the National Independent Election Commission (CENI) of partial results showing the outgoing Head of State leading in the presidential race. Mr. Diallo’s camp also specified that he will not accept the result of the vote...

The Canal+ group is denouncing media piracy in Senegal. "400,00 households are illegally subscribed to TV bundles", the director of Canal+ Senegal, Sébastien Punturello said, while speaking during the seminar on the reform of the national squad against piracy and counterfeit. Mr. Punturello noted the extent of the market share taken by piracy: "if we were to convert 20% of this illegal business...

ILOGS, a subsidiary of Groupe SNPC, has increased its operational capacity with new installations to become more competitive. These works cost FCfa 35 billion, Les Dépêches de Brazzaville reported. The installations are located inside the autonomous Port of Pointe-Noire and were commissioned on 12 October in the presence the President of the Republic, Denis Sassou N'Guesso. They include,...

The French industrial group Alstom announced, on 13th October, that it will supply Casa Transports, the Casablanca public transport company, with 50 additional tramways for the extension of the network of the economy capital of Morocco, worth € 100 million. "Alstom was awarded a contract by Casa Transports for the supply of 50 tramways Citadis meant for use on the new tramway section...

PetroSA’s acting Group CEO Mapula Modipa, has today announced his dissatisfaction with the company’s performance. The national Oil Company had in 2014/15 recorded a net loss of R14.6 billion attributing it to poor performance of gas-replenishment programme called Ikhwezi. Project Ikhwezi was PetroSA’s plan aimed at extending the life span of the Mossgas’ gas to liquid plant not far from...

Romania’s offshore drilling and service provider GSP Holdings has announced plans to establish its subsidiary in Nigeria. According to Gabriel Comanescu the CEO of GSP Holding and President of the Board, the company was already in talks with local partners. “We are targeting pipeline and offshore construction projects that will start from Q1 2016. Negotiations are well advanced with...

Four international oil trading companies have joined 96 other companies bidding for the Nigerian National Petroleum Corporation (NNPC)’s Offshore Processing Agreements (OPA), Vanguard reports. The companies namely, Glencore, Vitol S.A, BP Oil international and Total Oil Trading S.A are to lift approximately 210,000 bbls of the country’s crude oil within a period of 12 months starting from...

The Energy Regulatory Commission (ERC) has released its October to November prices for Super Petrol allowing motorist pay Sh9 for the next thirty days, the Star news reports. The lowest retail price for Super petrol this year was Sh89 and the highest was Sh102. Whilst the Prices for diesel went up by Sh2.44 per litre, kerosene was raised to Sh3.49 per litre placing the prices at Sh82.43 and...

South African regulators on suspicion of price fixing raided firms of five of the biggest suppliers of Liquified Petroleum Gas (LPG) in the country. The firms raided include African Oxygen Limited, Oryx Oil South Africa and the gas division of Total. “The commission believes that the information that will be obtained from today’s operation will enable the competition commission to determine...