Technip’s wholly-owned affiliated company, Technip Umbilicals Ltd.; a wholly-owned subsidy of Technip comprising of Technip Umbilicals Ltd. in Newcastle upon Tyne, UK, Technip Umbilicals Inc. in Houston, USA, Angoflex in Lobito, Angola and Asiaflex Products in Johor, Malaysia and Angoflex Ltd have been awarded a contract by ENI S.P.A. to supply umbilicals to the Block 15/06 East Hub Development...

RoyalGate Energy, Texan company on the lookout for big oil and gas prospects in Africa which are not yet operated, announced on 25th September the impeding start on block Z of his drilling programme on the Tulip Upper Isongo discovery and the Tulip Massive Isongo prospect. The drilling of the first Z-1 well on the block, located at the north of Bioko Island and south of the Alba oil field run by...

Starting from 28th September, Jumia is organising in Côte d'Ivoire the second edition of the Electronic Days which will end on 2nd October. After the July edition, the e-retailer decided to institutionalise the Electronic Days concept, in partnership with MTN. Jumia, who aspires to be the African leader on e-retail, wants to popularise online shopping, but also facilitate the access to...

About 515,000 migrants and refugees have crossed the Mediterranean sea to reach Europe since the start of 2015, according to data published by the UN High Commissioner for Refugees (UNHRC). Around 383,000 individuals reached Greece, and another 129,000 Italy, according to the UNHCR which specified that 54% are of Syrian origin and 13% are Afghani. In Greece, 71% of the migrants are Syrians who...

From now on, selling SIM cards on streets is prohibited in Cameroon. Mobile operators will thus have to set up retail outlets or make deals with partners who have certified spots to commercialize their SIM. This is one of the main terms included in the 3rd September 2015 decree signed by Cameroon’s Prime Minister and which reinforces and clarifies the procedures related to the identification of...

The Kenyan bank group Equity Bank announced, on 30 September, having obtained the green light from regulators to acquire 79% of the capital of ProCredit Bank Congo. The transaction announced last May, and whose amount has not been revealed, falls within the framework of Equity Bank's expansion plan in Africa. The Kenyan group indeed announced, at the end of last March, that it was...

The Cameroonian Head of State, Paul Biya, officially received at the presidential palace Stéphane Fouks (photo), vice-president of the communications group Havas, owned by Vincent Bolloré, the French businessman. The tête-à-tête on 29 September 2015 examined communications in Cameroon in order to position the country on the financial markets and thus foster its economic development. The...

The Governing Board of the Bank of Central African States (BEAC) presided by the Cameroonian Minister of Finance, Alamine Ousmane Mey, met in ordinary session on Monday 28 September 2015 in Yaoundé, Cameroon. During this session, the Board noted that, "revised macroeconomic forecasts in 2015 present a downturn in economic growth with a rate of 2.5%". This new growth forecast is less than the...

In the US, a class action suit has been lodged against the Nestlé, Hershey’s and Mars groups. These world leaders in chocolate products are under attack for their presumed part in the exploitation of children in cocoa farms, Swiss periodical Bilan reports. Explaining the motivations of this lawsuit, the Hagens Bemen firm which represents the plaintiffs declared: “The consumers who sought...

The European Union (EU) is increasing its pressure on the regime of the Burundian President Pierre Nkurunziza, whose re-election for a very controversial third term has plunged the country into a spiral of violence. According to diplomatic sources, Brussels should adopt sanctions on 1 October against four close allies of Mr. Nkurunziza. 28 member states of the EU have already given their...