Wednesday 30th September 2015. Uniwax S.A., a company specialised in the production and marketing of fabrics and other clothing materials, jumped by 7.9% on the BVRM, with a transaction volume of FCfa 360.3 million for a rotation of 12,415 shares. On the Tuesday before, the company published its intermediary results for the period ending 30 June 2015. They showed a turnover of FCfa 19.64 billion...

The historical telecommunications operator in Senegal, Sonatel, received a formal notice from the Telecommunications and Post Regulatory Authority. In a communiqué published on 30th September 2015, the regulatory authority expressed its discontent at the telecom company for numerous malfunctions which occurred on its network on 15, 18 and 26 September 2015. On those days, for several hours, the...

France is considering reducing its development aid and environmental credits in 2016, according to the 2016 Finance bill presented on 30th September during a cabinet meeting. According to official documents, the “Public Development Aid” (APD) mission is allocated payment appropriations of €2.60 billion next year against 2.77 in 2015. The “Environment, Development and Sustainable...

ASKY, the Pan African airline with the largest network in Western and Central Africa, registered a big increase of +33% in the number of passengers during August 2015 compared to the same period last year. This growth noted on all 22 destinations where ASKY flies in Western and Central Africa is due, among other things, to the new marketing policy implemented by the company, the increase in...

There is a new competitor on the Tunisian telecommunications market. This is Mobile Virtual Network Operator Lyca Mobile. This newcomer will use the physical network of the national telecom operator Tunisie Telecom to offer its services to the public throughout the country. Lyca Mobile will also open its own stores in the country to give consumers access to various client services. According to...

The French newspaper Libération announced that it is organising from 9 to 10 October at the Amitié stadium in Libreville, nine round-table meetings which will gather experts, representatives of the civil society and political leaders from all sides. “Our newspaper has decided to extend these debates abroad starting with the African continent, due to the key issues it is experiencing. These...

Shell Petroleum Development Company of Nigeria Ltd (SPDC) has today declared force majeure on exports of crude oil from the Forcados Terminal in Delta State, subseauent to a leak on the Trans Forcados Pipeline (TFP), which delivers Forcados grade of crude oil to the export terminal. Shell had in July lifted the force majeure declared on exports of Forcados on May 5, following leaks on the...

Ghana’s second floating production, storage and offloading (FPSO) vessel, for the Tweneboa, Enyenra and Ntomme (TEN) Project, off the west coast of Ghana, has been named in Singapore. Oilandgaspeople reports Dr Nana Lordina Mahama (picture), the First Lady of the Republic of Ghana at a ceremony in Singapore on, officially named the vessel ‘FPSO Prof. John Evans Atta Mills’, after the late...

Cameroon’s floating liquefied natural gas project (FLNG) has been approved by all parties of the Gas Convention for the project at a signing ceremony in Yaoundé, Cameroon on the 30th of September. Golar LNG Limited stated that Cameroon’s state-owned oil and gas company Société Nationale des Hydrocarbures (SNH), Perenco Cameroon (Perenco), Golar Hilli Corporation and Golar Cameroon...

Energy infrastructure companies Black Rhino and Mogs Oil & Gas Services, have together with the governments of Djibouti and Ethiopia, signed framework agreements for the construction of a $1.55-billion 550 km fuel pipeline system running through the two countries. The multiproduct pipeline will transport diesel, gasoline and jet fuel from Damerjog, Djibouti, to Awash, in central...