In Mozambique, fourteen national and International companies have submitted bids for the development of industrial projects that make use of liquefied natural gas in the country. The tender to select companies interested in the design, development and investment in projects for the use of liquefied gas in initiatives like power generation and the production of fertilizers and liquid fuel for...

Tunisia hopes to mobilize $30 billion at the Tunisia 2020 conference taking place in Tunis on November 29 and 30. The nation, which is considered the success of the 2011 Arab Spring, is currently experiencing some economic challenges, worsened by terrorist attacks, which drove tourists away and cause their currency to plummet. Among about 40 countries present at the conference, France,...

Metal Tiger, natural resource investor with assets in Botswana, announced on Monday it has rejected an offer from BMR Group issued last week to buy its shares. The firm said the bid, which states that Metal Tiger’s shareholders will receive for each of the shares they sell 0.231 share of BMR, “fundamentally undervalues” the investor.     BMR said it would examine answer and...

U.S. firm General Electric and Northern States’ Governors Forum (NSGF) signed a memorandum of understanding for the construction of five solar plants having a total capacity of 500 MW in the northern part of the country. The plants, with an individual capacity of 100 MW, will be built in the Borno, Kebbi, Niger and Taraba States. The project is the pilot phase of the Northern Nigeria Global...

ASKY, the Pan-African Airline with the largest network in West and Central Africa, has the pleasure to announce that it is the recipient of the African Airlines Association (AFRAA) Airline of the Year Award for Regional Operations at the AFRAA 48th Annual General Assembly held on November 20-22, 2016 at Victoria Falls in Zimbabwe. The AFRAA annual awards recognize excellence in service delivery,...

The Nigerian National Petroleum Corporation has said that it would rehabilitate the Ajaokuta-Abuja-Kaduna-Kano gas pipeline, as well as upgrade and expand the Kaduna Refining and Petrochemical Company Limited, in order to move the facility towards the path of growth and profitability. This was disclosed by the Group Managing Director, NNPC, Maikanti Baru (photo) during a town hall meeting with...

VAALCO Energy has announced that it has finalized the acquisition of a further 3.23% participating interest in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Etame Limited. The transaction, which had an effective date of August 1, 2016, will boost VAALCO’s net production by about 11% post-closing and will increase its participating interest to 33.58%. VAALCO...

Dangote Group plans to establish in the Kano State, Nigeria, a rice mill to foster the country’s self-sufficiency in rice production. This was announced by Hajiya Halima, director general of the group, on the sideline on the Dangote Day, at the 43rd international tradefair, in Kano. With an annual processing capacity of 250,000 tons, the mill will process rice produced in Kano and the Sokoto...

Land reform in Mali in progressing well. On November 22 and 23, in the presence of the Minister of State domains and Land Affairs, Mohamed Aly Bathily and Colonel Mamadou Djfaga, chief executive of the permanent Secretariat for domain and land reform in Mali, took place a workshop to validate report for the review of the domain and land code of the “legal framework, formalization of land rights...

Eni’s Chief Executive Claudio Descalzi (photo) has said that the company is discussing with several parties regarding the reduction of its stake in the giant Zohr gas field offshore Egypt to 50%. This is coming after the company, which owns the whole concession area that includes its Zohr find, agreed to sell a 10% stake to BP for $375 million. “We believe we can operate the field with...