The Tunisian parliament will soon meet in a plenary session to discuss the issue of public domains in Meknassi, Sidi Bouzid governorate, in the central part of the country, Shems Fm reports. “On the initiative of the Sidi Bouzid governorate, the session will focus on the State domain issue in Meknassi. The meeting aims to grant ownership of land used by farmers for decades. They are being used...

The World Bank has approved on June 2, the provision of a $120 million facility to the Ivoirian state, reveals a statement from the institution. The funds should help finance the programme for infrastructure projects for urban development and improving the competitiveness of secondary cities (PIDUCAS). Developed to create an environment that will make more attractive some of the country’s...

The Speaker of the Nigerian House of Representatives, Yakubu Dogara (photo), is currently being investigated by the Economic and Financial Crimes Commission (EFCC) on allegations of illegally adding figures to the 2016 budget after being passed by the parliament. This was revealed in a letter from the anti-corruption agency dated June 9. According to the agency, the speaker and three other...

Eland Oil & Gas says its subsidiary, Elcrest Exploration and Production, has signed a rig contract with OES Energy Services to secure a rig for a new drilling programme at the Opuama field in OML 40 in Nigeria. This is coming after Eland last week announced plans to raise up to $19.5 million to increase production from the OML 40 licence by three-fold. The rig will drill the side-track...

The Afam VI power plant in the Niger Delta region of Nigeria, has seen its output drop by about 40% to 350Megawatts due to transmission challenges. The plant has the capacity to generate 650MW of electricity but only generates at most 450MW due to lack of adequate capacity to evacuate the entire 650MW. “The reliability of the existing infrastructure also needs improvement. For example,...

The Aliko Dangote Foundation has donated food items worth $625,000 to victims of insurgency and other Internally Displaced Persons (IDPs) in Borno state. This is aimed at complementing the government’s intervention to bring relief to the people. This gesture is part of the Foundation’s humanitarian efforts to provide aid to IDPs in the state, according to the Chief Executive of the...

Forte Oil Plc, plans to raise N20 billion ($62million) as equity from the Nigerian Stock Exchange (NSE) to support its diversification processes, according to Julius Omodayo-Owotuga, the company’s Executive Director and Group Chief Financial Officer. He said: “We have commenced preparation to raise additional capital as we see opportunities, we continue to explore them and raise money in...

The International Monetary Fund (IMF) could grant Zambia an Enlarged Credit Facility of more than $1.3 billion, according to Tsidi Tsikata, head of the institution’s mission. The news was revealed last Saturday during a joint press briefing with the Zambian minister of finances. The IMF representative said the three-year programme aims at overcoming the country’s budget deficit which is...

In Cote d’Ivoire, the Junior Chamber International (JCI) is mustering all efforts to improve land management in the country. Its Bouaflé office, in the central western region has, in this framework, organized last Saturday a seminary themed “strategy for a sustainable land management in Cote d’Ivoire”. “The Junior Chamber wishes to definitely end this phenomenon,” said the unit’s...

It seems Cote d’Ivoire still has the trust of international investors as the actors massively responded to all its sovereign bonds issuances. On June 9, at the close of stock markets, its order book for ongoing bond issuance received close to $10 billion worth of subscriptions at interest rates below 7%. In details, the country issued a €625 million Eurobond which was subscribed at...