The revenue for Algerian oil and gas exports dropped by 43.71% during the first half of 2015, leading to an increase in the trade deficit of the country, announced the Customs authorities on 21 July. These exports which represent about 94% of Algeria’s foreign sales earned the country US$ 18.09 billion during the first six months of 2015 against US$ 32.14 billion for the same period in 2014....

In Côte d’Ivoire, the president Alassane Ouattara has just reshuffled his cabinet. The main new development is the creation of a complete communication directorate which the president has handed over to his niece, Masséré Touré. There was up until now a president’s communications unit led by Masséré Touré heading the written press, and Amadou Coulibaly managing television and radio....

The French telecom group Orange, currently in negotiations with the Indian telecom group Bharit Airtel for the acquisition of its subsidiaries in Burkina Faso, Congo, Chad (pictured), and Sierra Leone, would like the sale operation to be concluded by 4th quarter 2015. The information was disclosed by the spokesperson of Orange, indicated the news website Mobile World Live. According to the...

The Central African president Catherine Samba Panza has proceeded with a second reshuffle of the provisional cabinet of Prime Minister Mahamat Kamoun (pictured) in less than a year. Six new faces make their entrance in the government which is meant to lead the country till the advent of a new government following the elections scheduled in October and November. Nicaise Samedi Kamoulaisse...

According to exclusive information from the Moroccan website Medias 24, the holding Anouar Invest will sell its fishing business to Supreme Group for 800 million dirhams. The media which makes reference to sources close to the project indicated that Anouar Invest will sell all its shares in the company Silver Food and its subsidiaries Silver Fishing and Sopcoda to Talem Food & Beverages...

The French group Saint Gobain, top ranking worldwide for the production, processing and distribution of construction materials, announced on 20 July having finalised the acquisition of 50% shares of the Tanzanian company Lodhia Gypsum Industries. The financial terms of this transaction, which is in line with the strategy of Saint Gobain to develop its presence in sub-Saharan Africa, have not yet...

VAALCO Energy, Inc., an American Oil company listed in New York, announced on 20 July having started operations in the 2-H well, in the South-East of the Etame offshore field, with a production rate of about 3,400 barrels of oil per day. The Texan company stated having a net share of 850 barrels of oil per day in this well’s production which has a total depth of 14,012 feet. It is planning to...

Cameroon Airlines Corporation (Camair Co), the Cameroonian airline, has invited applications for the hiring of a sales and marketing manager. According to the company, this “professional” must be “motivated”, have a 10-year experience in marketing and sales, and “high management skills”. The applications must reach the company latest by 23 July 2015. The Sales and Marketing job at...

The National Company of Electrical Industries, (ENIE) will soon commission a solar panels and cells manufacturing plant. This was announced by Djamel Bekkara, CEO of ENIE to APS. The plant which will be located in Sidi Bel Abbès, required an investment of over US$ 20 million. The operation will employ about one hundred people and will produce about 25 MW of solar panels and cells per year. This...

Platinum Power welcomes in its shareholding structure the public-private investment fund PME Croissance (PMEC). PMEC has amongst its institutional investors the Moroccan state (represented by CCG), Germany (KfW), the European Investment Bank (EIB), the French Development Agency (FDA) as well as first-rate Moroccan institutional investors. “PMEC buying into the capital is a significant stage...