Nigeria’s three refineries Port Harcourt, Warri and Kaduna, produce 60% of the kerosene consumed in the country, according to the Nigerian National Petroleum Corporation (NNPC). Speaking at a 2-day Investigative Public Hearing of the House of Representative Committee on Petroleum Resources (Downstream), the Chief Operating Officer, Downstream, NNPC, Henry Ikem Obih, explained that the...

Today, July 17th, begins in Accra a regional workshop relating to land tenure in Africa. The three-day event which will focus on Securing Community Land Rights on the Continent, is organized by the Land Policy Initiative, which is a joint programme of the tripartite consortium of the African Union Commission (AUC), the African Development Bank (AfDB) and Economic Commission for Africa (ECA), in...

Proparco has granted a USD 12 million loan to Peninsula Plaza, a project company set up to build and operate a mixed-use retail / office complex in Dar es Salam. This project is part of the current boom in infrastructure development in Dar es Salaam and will generate major benefits by enhancing urban infrastructure, structuring the local economy and creating jobs. This loan will finance the...

France has decided to provide Ivory Coast a financing of €2.125 billion (about FCFA1,394 billion) between this year and 2020. This was revealed by Ivoirian Prime Minister Amadou Gon Coulibaly, at the end of a visit by a French delegation, from July 12 to 13. According to the PM, the facility will be used to fund projects in “key sectors in line with the 2016-2020 National Development...

Africa’s agricultural sector is mainly driven by Ethiopia and Ivory Coast according to report recently released by Consulting firm Havas Horizons. The survey which assessed the opinions of 55 major financial and banking institutions based on the continent, lists the top five leading African nations in terms of agriculture. While 90% of the population surveyed believe the African agriculture is...

Car maker Faurecia just inaugurated a new car seats factory in Morocco. Located in Salé, the infrastructure which cost about €16 million will generate 1,300 jobs. According to L’usine Nouvelle, the plant will produce every day 10,000 leather and textile seat-coverings for 3008 Peugeot and Opel Grandland X models. With the new infrastructure, Faurecia now has two plants in Morocco,...

In Nigeria, the Lagos state government has revealed plans to raise N100billion ($290 million) in bond offering to finance critical infrastructural projects in the state, according to the Commissioner of Finance, Economic Planning and Budget, Akinyemi Ashade. “We have a lot of projects in the area of tourism. We have the facelift of Lagos Marina, Onikan, and the construction of about six...

The United Nations Children's Funds (UNICEF) has donated medical equipment worth N1.2 billion ($3.5 million) to the Adamawa state government in a bid to reduce prevalent maternal mortality. The equipment includes, 226 baby dressing tables, 220 bed screens, 180 infusion stand, 226 microscope, 300 delivery kits, 200 stethoscope, 300 surgical kits, and 322 examination tables among other...

The Nigerian Civil Aviation Authority (NCAA) has revealed plans to start issuing licences for the use of the Remotely Piloted Aircraft (RPA), also known as drones, for both commercial and private use in the country. Speaking to the press in Abuja on Thursday, Dele Sasegbon, Director of general aviation at NCAA said: “We have proposed regulations already. For the integration of unmanned...

In Nigeria, the Benue state government has said the sum of N300 billion ($868 million) is needed to dredge River Benue to tackle flood in the state. This is after the Nigerian Meteorological Agency (NiMET) listed six local governments in the state as areas likely to be affected by flood in the country, this year. According to the State Commissioner for Water Resources and Environment, Terlumum...