VAALCO Energy has declared the coming online of its first development will in the North Tchibala 1-H well offshore Gabon. The well which was brought online at a rate slightly in excess of 3,000 bpd of oil, leading to about 750 bpd net revenue interest to VAALCO, was drilled to a measured depth of approximately 3,400 metres in the undeveloped Dentale reservoir. The Dentale formation is...

The ongoing financial crisis facing the country adds oil sector's responsibility concerning investment in other areas to relaunch internal production as part of the economy diversification programme the Oil minister, José Botelho de Vasconcelos (picture) said.  He made this known while addressing the opening of the 11th Consultative Council of the Oil Ministry, recalling that his sector...

The National Oil Corporation of Kenya (NOC) has invited Expressions of Interest (EOI) from eligible companies to procure a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin, Kenya. The multi-client surveys and studies are part of the preparation for an open licensing round tentatively scheduled for the year 2017. A...

Heineken and CFAO announce today the creation in Côte d’Ivoire of a joint-venture Brassivoire for the production and marketing of beer in the country. This new company has a shareholding structure of 51% for Heineken and 49% for CFAO. This new brewery, equipped with the state of the art technologies, will be the first establishment in the new industrial area PK24 at the North of Abidjan. The...

The Minister of Higher Education and Professional Training Mary Teuw Niane (photo), has called on the government for the need to put a strategic digital development plan in place in Senegal. On 21 September 2015, during the signing of a partnership agreement between the Senegalese Programme for Youth Entrepreneurship (PSE-J) and the Group Idyal, specialised in computing and telecoms services, the...

Ecobank Transnational Incorporated was granted a facility of USD 285 million by Deutsche Bank AB, who acted with other banks, as the principal bank arranging the financial setup in the framework of a syndicated international loan, on behalf of the Pan African banking group. This new operation brings to USD 535 million the total amount of facilities obtained by ETI through the German bank since...

Condemnations are multiplying since the suspension of the programme Sahara Talk on the radio Sahara Fm in Mauritania. On 21 September 2015, several journalists observed a sit-in in front of the head office of the High Authority for the Press and Audiovisual sector (HAPA). It is this regulatory body which suspended the show Sahara Talk for 30 days, starting from last 17 September. Following the...

Havas is doing market research in Senegal to better establish itself. Vincent Bolloré's group wants to handle the communication of the country for the tourism, sports and investments sectors. An important task which will cannot be undertaken solely by the Senegal Havas agency. That is why a full Havas Africa team, led by its Vice-President Romain Guillemard went to meet the Senegalese...

Egypt will acquire two French Mistral warships originally intended for Russia, the Elysée announced in a communiqué published on 23 September. "The president had a meeting with President [Abdel Fattah Al-] Sissi. They agreed on principle and on the terms and conditions of the acquisition by Egypt of two projection and command Mistral ships", the communiqué from the Office of the French...

Invited to the forum organised by the daily Liberté on 21 September 2015, Iman Houda Feraoun (photo), Minister of Post and Information Technologies and Communications invited private investors to get involved in the development of the national ICT market. Her invitation results from the assessment she made from the inability of Algérie Telecom, the national telecommunications operator, to...