The Bir Sebaa and Bir Msana (Hassi Messaoud) deposits started production on Saturday and will supply, in a first phase, a cumulated input of 32,000 barrels per day which will strengthen the oil production of Algeria, reports APS. The Bir Sebaa deposit, located 150 km North-East of Hassi Messaoud, is a reserve of approximately 758 million barrels of which 25% recoverable. The initial production...

Sterling Energy PLC, an upstream oil and gas company listed in London, has finalised the acquisition of a 40.5% stake in the production sharing contract (PSC) on Block C-3 covering 9800 km2, offshore Mauritania. The acquisition made through Sterling Energy Mauritania Ltd, its 100% owned subsidiary, is within the scope of its sales and purchase agreement with Tullow Mauritania Ltd which is the...

StratMin Global Resources PLC, a company in the graphite sector in Madagascar, is producing 900 kg of refined graphite an hour in its Loharano project, it announced on 3 August. This production rate follows the successful completion of the second stage of the optimisation of its Loharano project processing plant, the company listed in London advised. StratMin emphasises having significantly...

The Senegalese business school opens the first course on oil trading of the continent, in partnership with Philia SA, a company operating in the oil and gas sector, headquartered in Geneva. The idea is to train on the African continent the traders and logistics coordinators of an essential and strategic sector. The world market for oil and its derivatives is subjected to fluctuations which have...

The Stock Exchange of Casablanca and London signed a partnership agreement last week to launch the Elite Programme of assistance to SMEs in Morocco, according to a communiqué dated 3 July. «We are pleased to sign this agreement which strengthens our cooperation with our strategic partner, LSEG» explained Karim Hajji, CEO of the Moroccan Stock Exchange. The Elite Programme consists of...

Henceforth, a partnership and co-development agreement now links the media groups Africable and Hadafo. It is about 2 major companies in the West African communications sector generally and specifically in the audiovisual segment. Based in Mali, Africable groups 2 TVchannels, an advertising agency, the communications agency Perroquet, a digital cable company Multicanal, as well as Datcom...

After a long dry spell, Algerian tomato production is displaying interesting results thanks to the support provided by the government. "After production was devastated by bad growing seasons, this sector has started reaping the fruits of the sustained efforts made to revitalise it. Hence the importance of continued efforts with a view to achieving the coverage of national needs while reflecting...

It is her husband, the ex-president of Madagascar who made the announcement: "I declare that we have won a victory in Antananarivo" rejoiced Marc Ravalomanana whose spouse has just been elected, according to him, Mayor of the capital. Even before the release of the official results, the camp of the ex-president claims victory with over 55% of votes. However, the polls were characterised by...

The airline company Syphax Airlines has temporarily suspended its flights to and from Tunisia starting from 30 July 2015. A decision taken after the announcement the day before by the International Air Transport Association (IATA) to stop all operations linked to the private Tunisian transporter. Syphax Airlines apparently did not honour its financial commitments to the international institution...

The oil and gas company Savannah Petroleum Ltd signed with the Nigerien government a production sharing agreement (PSA) on the oil of the R3/R4 licence area covering 5,249 km2 in the Agadem rift basin, a region located in South-East Niger. According the terms of the agreement, which signing was made public on 31 July, the Nigerien state will freely benefit from a 15% shareholding, lower than the...