ECOWAS President Kadré Désiré Ouedraogo (photo) presented the draft agreement meant to help re-establish constitutional order in Burkina Faso, 4 days after the military coup. Ce projet prévoit la restauration des institutions de la transition et du prédisent Kafando ainsi qu’un pardon aux putschistes, sanctionné par une loi d’amnistie qui devrait être votée avant la fin de ce mois....

Nostra Terra Oil & Gas has signed a strategic joint venture agreement with Independent Resources, an AIM listed exploration and Production Company focused on the acquisition of producing assets in the Mediterranean and North Africa region and a similar strategic intention to that of Nostra to invest in producing or near-production assets. Under the Agreement, the parties is to co-operate in...

Petroceltic an Irish oil company is to begin drilling in 2016 at one of its prospects, situated close to a recent huge gas find off the coast of Egypt. Recently, Italian energy group Eni announced the discovery of what has already been estimated as being one of the world’s largest natural gas fields, stretching for 100 km² and potentially holding as much as 30 trillion cubic feet of gas, or...

Exactly one year ago, on 18 September 2015, Nexttel, Cameroon’s 3rd mobile operator, launched its activities in the country. Over the period, the Vietnamese telecom operator registered about 2 million subscribers, which represents 11% of Cameroon’s market shares. Considering this penetration rate recorded over the last year, Nextell now boasts of having “the largest market share increase...

The commitment taken by Tunisia in the framework of the next parties’ conference is to lower its carbon intensity by 41% in 2030, taking 2010 as base year. The country could reach this goal by mainly relying on the energy sector where it is planning to reduce its carbon intensity by 46% by 2030. Other sectors such as agriculture, forestry and other land usage, industrial processes and waste...

Aïn El Kebira cement company in Sétif, a subsidiary of Ciments d’Algérie group will go public in 2016, CEO Laid Khaber announced on 10th September. “The Ain El Kebira cement factory IPO is scheduled for 2016”, he declared to the press, adding that this operation open 35% of its capital to institutional investors (banks, financial institutions and insurance companies), as well as...

According to the Economic Policy Institute (EPI), granting China the status of market economy could endanger up to 3.5 million jobs in the European Union. According to Robert E. Scott, who led the study, if Europe grants China the status of market economy which it claims, Chinese exports to Europe would then increase by 25 to 50% per year: “By giving up the possibility of rectifying the...

According to experts, the Burkinabe growth in 2015 will finally stand at 4% against an initial forecast of 5%. This drop is principally linked to the fall in cotton prices. Indeed, the country being the top producer of the white gold on the continent, is bearing the brunt of the drop in prices for cotton on the world markets since last year. Thus, despite a season which will be sealed by a...

Total Cameroon, Cameroonian subsidiary of the French Oil and Gas Company, upon reviewing its Awango solar lamps sales, said they were “a phenomenal success”. According to the firm, more than 90,000 of these lamps are sold yearly in Cameroon, through its fuel stations network. First company to commercialize rechargeable solar lamps in Cameroon, Total is now in competition with various...

Officials and African actors in the world of finance have expressed, on 16 September in Abidjan, their desire to attract more financing from the Muslim-Arab world to cover the shortfalls in resources experienced by the continent. "The sector of Islamic finance offers excellent prospects for the African continent that our states should seize", declared the Ivorian Prime Minister, Daniel Kablan...