Guinea and China International Water & Electric Corp. (CWE) are in talks to build a hydroelectric power plant worth $ 2 billion. With a capacity of 550 MW, this power station will principally supply the bauxite mines of which the country has the biggest reservoir in the world. “The idea is to supply the mining industry. We wish to construct refineries for our bauxite”, declared...

The Sea Invest group, specialised in warehousing, will invest between 300 and 350 million Euros in the expansion of its activities in the Ivorian ports of Abidjan and San Pedro. The information was announced on 11th September by the president of the group, Philippe Van De Vyvere, following a meeting with Ivorian Prime Minister Danie Kablan Duncan. Present in Côte since 2008, the Sea Invest...

The Gabonese President Ali Bongo announced, on 15 September, that he would transfer two luxurious properties to the State of Gabon. “And the State, it is not me (...) I wish to share what I have received with the Gabonese people”, he declared on the airwaves of Europe 1, with the assurance of having already transferred a property in Libreville to the State. The Gabonese Head of State had...

The airline companies Air Algeria and Tunisair have just signed a framework collaboration agreement notably centring on chartering planes between the two parties, maintenance and training. The agreement signed on 8 September by the CEO of Air Algeria, Mohamed Abdou Bouderbala, and the CEO of Tunisair, Sarah Rejeb, also includes an increase in the number of flights Algeria-Tunisia to reach 42...

The Government of Nigeria has announced that it is looking into the alleged involvement of Ghanaian companies in the theft of its crude. President Muhammadu Buhari (picture) highlighted on the possible involvement of Ghanaian companies in the stealing of crude oil from Nigeria during a recent visit to the fellow West African country. He said his government had discovered some Nigerian oil...

Tower Resources an AIM-listed, London-based, independent oil and gas exploration company with a pan-African regional focus. has announced the signing of the shallow water Thali (formerly known as 'Dissoni') Production Sharing Contract ('PSC'), offshore Cameroon. The PSC signing ceremony took place on the 15th of September 2015 at the offices of Société Nationale des Hydrocarbures ('SNH')...

Libya’s government set to boost oil production in five-fold and also plans to punish companies working with a rival cabinet endeavoring to control the divided North African nation’s crude deposits. Oil companies operating in Libya or seeking to operate, must register with the National Oil Corp. (NOC ) controlled by the elected government based in the country’s eastern...

Tower Resources an AIM-listed, London-based, independent oil and gas exploration company with a pan-African regional focus. has announced the signing of the shallow water Thali (formerly known as 'Dissoni') Production Sharing Contract ('PSC'), offshore Cameroon. The PSC signing ceremony took place on the 15th of September 2015 at the offices of Société Nationale des Hydrocarbures ('SNH')...

The Nigerian National Petroleum Corporation (NNPC) has announced plans to revisit the fiscal terms of the existing Production Sharing Contracts (PSC) entered into by the Corporation with some International Oil and Gas Companies with the aim of seeking promising benefits to Nigeria based on prevailing realities in the industry. Speaking at the France-Nigeria Business Forum organized to mark the...

Kenya and Uganda in August ended months of deliberation to sign an agreement on an oil pipeline which will cost virtually $4 billion. The process of finding the money to build it and companies to start pumping crude according to Bloomberg may be a harder task. The 1,500-klm pipeline is crucial for exporting the region’s crude when production commences; 2018 in Uganda’s case. With the...