Petronas, Malaysia's Petroliam Nasional Bhd has announced that it was still operating in Mauritania after recent media reports said it had started to withdraw out of the North African nation as low global oil prices cut revenue. "In the event that Petronas intends to close our operations in the country, it will be in strict compliance with our legal commitments and is subject to customary...

Banking group Attijariwafa Bank established on September 14, 2015, in Douala, a subsidiary of its money transfer firm Wafacash which will cover all the Central African region, announced a legal release published October 5, 2015. The Director General of this public limited company with capital of 2 billion FCFA is Mehdi Khandid who will have for Deputy Director General, the Cameroonian Solange...

In Côte d’Ivoire, the Bafing region will benefit from a FCfa 18 billion project aimed at boosting soya farming. This area of the country, which has lands suitable for the farming of the oilseed crop, will also be the location of a soya to mayonnaise processing plant, Mamadou Coulibaly Sangafowa, Ivorian Minister of Africulture, said during a visit in the region. While the project has just...

The French bank group Société Générale announced on 6 October, having finalised the acquisition of 65% of the capital of the bank Mauritius Commercial Bank Mozambique (MCBM), which becomes Société Générale Moçambique. The bank, which did not disclose the financial terms of the operation, had concluded an agreement last March with Mauritius Commercial Bank for this transaction, achieved...

The National Telecommunications Regulatory Authority (ANRT) has just come out of its wait-and-see position with regards to Maroc Telecom. Indeed, the telecom authority has just ordered the national telecommunications operator to publish before mid-October its offer bulk offer for the access of the competition to its local loop from which they would offer Voice and Data telecommunications services...

“The transmitter of Owoto radio is mine”, MP Christophe Lutundula declared again on the air of Radio Okapi, on 2nd October 2015. Still on the same radio, the MP said that “Owoto radio is not a government endowment”. He has not stopped countering the Congolese authorities according to whom the Congolese government is the proprietor of the equipment of radio Owoto. The minister of...

The Ivorian authorities launched, on 6th October, the expansion works of the Autonomous Port of Abidjan (PAA), which cost is of FCfa 560 billion (approximately 854 million Euros). The works which will be undertaken by the China Harbour Engineering group over a period of 4 years consist in building a second container terminal capable of accommodating the “biggest container ships sailing the...

The Congolese government has set the date for the referendum on a new Constitution bill which would allow President Denis Sassou Nguesso to seek a 3rd term in 2016 to 25th October. Mr. Sassou Nguesso, 72 years, announced on 22nd September the implementation of a commission in charge of adopting a “Constitution bill” and convening a “referendum poll in the near future”. In less than two...

The TV channel El Watan TV could face some problems in Algeria. The news website Tout sur l’Algérie reveals that the director of this private media, Djaafar Chali, was summoned at the Ministry of Communication. The channel is accused of “promoting violence”, the news website reports, citing sources in the ministry led by Hamid Grine. Indeed, El Watan TV is reproached with broadcasting an...

Soraz, the oil refinery in Niger owned by China National Petroleum Corporation's (CNPC), has announced facing short-term difficulties due to a fall in global oil prices, but still focused on selling its own products eventually. The refinery, a joint venture between CNPC and the government, has a capacity of 20,000 b/d and processes oil from the West African country's Agadem field that began...