The Togolese state has just granted the Cameroonian economic operator Simon Pierre Ndjeng, introduced as boss of the Togolese subsidiary of the Spanish company Modul System, the authorisation to build university campuses in the cities of Lomé, the capital and Kara, in the north of the country, disclosed the business and economic affairs newsletter La Lettre du Continent. Moreover, we learn that...

The oil and gas company Tower Resources Plc is getting ready to sign a Production Sharing Agreement(PSC) in which it will hold 100% shares in the Thali block, in the Rio Del Rey basin in the Niger Delta oil sub-basin in the Cameroon Offshore. The oil company, listed in London, announced on 15th July the imminence of the signing of this agreement which has been approved by the Cameroonian...

In Tunisia, the threat was finally carried by the Audiovisual Communication Independent High Regulatory Authority (HAICA). This 15th July 2015, the institution seized the equipment of two television channels (Tounesna TV and Zitouna TV) and the Holy Quran Radio. These private media, which operated without licences, were thus obliged to stop broadcasting. They had so far turned a deaf ear to the...

Générale des Carrières et des Mines (Gécamines SA) signed, on 21 June, a framework-agreement of strategic cooperation with China Nonferrous Metal Mining Co. Ltd (CNMC), a Chinese company headquartered in Beijing. The signing of this agreement comes as part of the development of mining projects of the DR Congo national company and would help define the principles of the future cooperation...

Mr Henri-Marie DONDRA, Managing Director of FAGACE and Mr Appolinaire COMPAORE, Chairman of the Board of Alpha Télécommunication Mali (ATEL Mali), signed a guarantee agreement on the creation of a new telecommunication network in Mali. Worth FCFA 4 billion, which is 40% of the loan to be mobilised by ATEL-Mali from the West African Development Bank (BOAD), this agreement will enable the...

Golden Rim Resources Ltd, Australian company listed on ASX, discovered important new areas of mineralisation in basement rocks in the South of the Guitorga formation, in the Banouassi project of its Korongou gold site in Burkina Faso. The company announced on 16 July the finding of these ore zones which were intersected during the phase 3 of its reverse circulation drilling program which covered...

GreenWish Partners (GreenWish) will launch during the last quarter of 2015 the construction works of Senergy II, a photovoltaic plant of a 20MW capacity located in Bokhol, at the border of Senegal and Mauritania. The investment fund specialised in renewable energy infrastructure, who presented in Dakar on 1st July its construction and financing plan to the National Electricity Company of Senegal...

The European Bank of Investment (BEI) is considering opening branches in four new African countries in order to increase its exposure on a continent where the financial needs of the infrastructure are great, reports the Bloomberg agency on 15 July 2015, quoting a manager of the institution. “We will open an office in the Cameroonian capital Yaoundé by end 2015, before getting branches in...

bg-Solar&Finance, Ivorian company headquartered in Grand Bassam, is planning the construction of 1500 duplex villas equipped for solar energy in Agboville, about 75 kilometres from Abidjan: “this project will be one of the most modern solar cities, if not the only one of its kind” promised the promoter on its Facebook page. The construction work on the Maurice Dande Housing project of...

Premier African Minerals Ltd, mining and trading company, with mining assets in Western and Southern Africa, has received exploration rights covering an area of 249.75 km2 in a sparsely populated location in the eastern part of the Collines department in central Benin. The permit was given to G&B African Resources Benin SARL, its wholly-owned subsidiary, after entering into an agreement with...