Circle Oil’s shares fell to 7% today after the company declared plugging and abandoning the Ksiri South exploration well on Sebour permit onshore Morocco. The company, being an Irish incorporated Middle East and Africa focused oil and gas exploration and Production Company with a portfolio of assets in Morocco, Tunisia, Oman and Egypt said the well, which was targeting two objectives in the...

Philémon Yang (photo), Prime Minister of Cameroon, commissioned this 27 August 2015 in Douala, the economic capital, the Dangote cement plant, of a production capacity of 1.5 million tons. An investment of FCfa 50 billion, this cement factory built on the Wouri riverbank by Nigerian billionaire Aliko Dangote, aims to attract 30% of the Cameroonian market in 2015, currently dominated by Lafarge...

Sumol+Compal, Portuguese manufacturer of non-alcoholic drinks, will launch its Angolan processing unit during the third quarter of this year. According to Portuguese media Diàrio Económico, the group will first start with fruit juice processing before moving to fizzy drinks by the middle of next year. “The unit which will be set up in Bom Jesus in the suburbs of Luanda will start by making...

In the fight against the Ebola epidemic in Guinea, one of the concerns of the World Health Organisation remains this: “how to make available to the general public the information based on evidence and help to relay the good information”. This explanation was given by the WHO representative in Guinea, Dr Mohammed Belhocine. He highlighted the importance of good mass communication in the...

The Burundian president Pierre Nkurunziza announced, in a decree published on 25 August, the first government of his 3rd controversial term, largely dominated by members from the hard line of CNDD-FDD, the party in power. The new team which will have to manage a country immersed in a grave political crisis following the re-election of Mr. Nkurunziza is particularly marked by the return to the...

Gabon Internet Xchange (Gab-IX), created on 23 January 2014 by an agreement signed between 15 public and private operators and Internet service providers of Gabon, was chosen as Internet exchange point in the Central Africa sub-region. This means that the Internet traffic of Cameroon, Congo, Equatorial Guinea, Chad and the Central African Republic will be routed through this infrastructure. The...

Egyptians have said that production in the industry will continue to suffer, unless the government starts diverting some of the gas supplied to electricity plants powering homes to factories. Companies however lament on the kind of power cuts that fuelled unrest in the past and government energy policies are dealing a blow to industries vital for economic growth. "Factories have been beset by...

Eastern Libya's state-run oil company Arabian Gulf Oil Co (Agoco), is producing 220,000 bpd, unchanged from last week, according to a company spokesman. tradearabia reports The operator of the port of Hariga and the Sarir oilfield was producing more than 50,000 bpd in June. And Since then, the Majid, Nafoura and Bayda oilfields have closed due to protests or power outages. Agoco contributes...

Vivo Energy Kenya one of the country’s most sought-after fuel and lubricant brands, operating an extensive retail network has sealed a mutual interest partnership with Simba Corporation. Vivo Energy Kenya has been retained by Simba Corp as the exclusive lubricants supplier for the upcoming Simba Corporation Westland’s Service Centre. The company projects that the facility will provide a...

Workers in the Nigeria’s oil and gas industry have said that government’s regulation of petroleum products prices has created more obstacles than encouragements in the system. This obstacles, according to the Chairman/Managing Director of Mobil Oil Nigeria Plc, Mr. Tunji Oyebanji, includes fixed margins, delay in subsidy refunds, product adulteration, indiscriminate construction of stations...