293 solar panels and 93 streetlamps, for a production capacity of 73 KW of electric energy per day. This summarises the mini-solar power plant, with a global cost of FCfa 454 million, which the Chinese firm Huawei Technologies has just offered to the town of Mvomeka’a (photo), hometown of the head of state of Cameroon located in the Southern region. The infrastructure was commissioned on 27...

French journalists, Eric Laurent and Catherine Graciet, are in custody since 27 August in Paris for attempted blackmail and extortion on the King of Morocco, Mohammed VI. They spent the night at the Brigade de Répression de la Délinquance contre la Personne (BRDP – Bureau of Criminal Investigation on Crimes against Persons). Both journalists are suspected of trying to extort money from...

In Côte d’Ivoire the national cocoa traders have decided to react to the supremacy of their international counterparts in the sector. In order to become more competitive, they have decided to create an Ivorian Traders Association (GNI). This structure is the result of the merger of six cocoa and coffee export companies, indicated the press note. Conscious of the issues which led to the...

Sanlam one of the largest financial services groups in South Africa is aiming for a potential acquisition in Angola, the company's senior official told Reuters, as it look for new streams of income to offset slowing growth. "At this very moment, we are in discussions in Angola," said Heinie Werth, head of Sanlam's emerging markets unit. "Angola was always on our radar." Werth stated that his...

The Moroccan company Les Eaux Minérales d'Oulmès recently announced the takeover of a Beninese company. Indeed, Eau Technologie Environnement (ETE) fell under the authority of the Moroccan business which acquired 45.79% shares from the Cauris Croissance fund and 9.26% from Christian Mondjanagni, its founder. With 55% shares in the capital of ETE, Les Eaux Minérales d'Oulmès can now roll out...

The property development housing the Saint John Plazza, one of the most well know theatres in the economic capital of Cameroon, will be auctioned on 17 September 2015 in Douala, in the offices of the District Court of Wouri, announced a communiqué on the sale of foreclosed properties from the law firm Michel Vouckeng. This sale will be executed under the warrant of Union Bank of Cameroon (UBC),...

The Congolese government announced, in a communiqué published on 24 August, having revised downward its growth prospects for 2015 to 8.4% against a previous figure of 9.2% when prices for copper have reached their lowest level in 6 years. The economy of the largest producer of the red metal in Africa registered a growth of 9.5% in 2014, according to official data. “The raw materials market,...

Former Public Works Minister, Atty. Samuel Kofi Woods has blamed the leadership of President Ellen Johnson saying she is fully responsible for the collapse of the National Oil Company of Liberia (NOCAL). He said government was aware that the NOCAL was going to collapse but did nothing to prevent the current situating facing the entity. President Ellen Johnson Sirleaf few days ago endorsed the...

The Shell Petroleum Development Company of Nigeria (SPDC), a company which produces and supplies gas to domestic customers through pipelines has declared force majeure on Bonny Light exports effective from August 27, 2015 as result of the activities of vandals and oil thieves. The declaration came in less than one week after the company lifted the force majeure it had declared on gas...

Talks have been ongoing between the two neighboring countries Kenya and Uganda over the construction and financing of a new oil pipeline linking the two countries and ferry crude produced by companies including Tullow Oil Plc, according to the Kenyan Energy Ministry. Discussions over project time frames involving officials from both East African countries also began this week, Joseph...