China Railway Construction Corp has announced in a statement published on November 3, that one of its subsidiaries won a $2.3 billion contract in Zambia to build a railway that will connect Chipata (in the East) to Serenje (in the Centre). Construction works for the 388km-long infrastructure should last four years. The contract for the project was signed by China Civil Engineering...

Ivorian mining company, NOCI, announced it would invest up to $365 million (220 billion CFA francs) to develop a nickel project in the Western part of Cote d’Ivoire. The announcement came after the government provided the firm the operating permit for the project. NOCI intends to develop the project in two phases resulting in the creation of 700 permanent jobs. First, it will invest 130...

Techno Oil Limited has signed a multi-million naira contract with Cakasa Nigeria Limited to build a 12,000 metric tonnes automated Liquefied Petroleum Gas (LPG) terminal in Lagos State. According to the Managing Director of Techno Gas and Power, Collins Onyeama, the project was part of moves to increase the use of LPG also known as cooking gas, as a source of domestic fuel by many households in...

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, is currently on a visit to Iran for talks on an oil deal, sources close to his delegation said.The visit is coming not long after Saudi Arabia stopped its oil cargoes to the country. Saudi Arabia informed Egypt that it will be halting shipments of petroleum products to Egypt until further notice, an Egyptian official said on...

The most recent financial and operations report released by the Nigerian National Petroleum Corporation (NNPC) has revealed that the combined performance of three of Nigeria’s refineries is below 20 per cent. These three refineries are the Warri Refining and Petrochemical Company (WRPC), the Kaduna Refining and Petrochemical Company (KRPC), and the Port Harcourt Refining Company (PHRC). An...

Egyptian Oil Minister, Tarek El-Molla (photo), has announced that following the completion of the sixth well the Zohr gas field, Italian Eni has commenced the drilling of the seventh well, Zohr-7. The minister declared this during the regular committee meeting set up to assess the execution phases of the Zohr field project development. El-Molla added that the Zohr-7 is the last well in the...

In Algeria, state-owned energy company, Sonatrach, has granted China Petroleum Engineering Construction (CPECC) a contract worth $410 million to renovate the Sidi R'cine oil refinery which is close to the capital Algiers. Under the agreement, the Chinese construction company will perform restoration works at the refinery for 21 months. Once rehabilitated, the refinery will assist in...

The European Bank for Reconstruction and Development announced it will lend Tunisia $5 million to help it develop its olive oil production sector. The financing which will be directed to Sovena MENA and Tiba Foods, subsidiaries of Sovena, to allow them to expand their olive oil supply networks and boost their production capacity for export-directed bottled oil. The facility thus goes...

In Ghana, PEG Africa, solar energy solution provider, plans to supply power to 75,000 people. To do so, the firm mobilized from ResponsAbility, SunFunder and Oikocredit, $500,000 each totaling $1.5 million. “We hope to support PEG in achieving meaningful growth. Off-grid solar for improving the living standards of economically disadvantaged people is a big opportunity in Ghana and...

Mining company Burey Gold inked an agreement with Emirati firm Medidoc FZE to buy a 60% onterest in Tendao project which comprises five exploration licences covering a total of 1,456 km², in North-Western part of DR Congo. The deal will help the firm reinforce its presence (more than 2,000 km²) in the Kilo-Moto greenstone belt where it  already operates the Giro project. President of...