In Zimbabwe, the National Oil Infrastructure Company (NOIC) has announced that fuel pipeline charges in the country will be reduced from January 1, 2017. This development signifies a reduced pump price and would likely benefit the consumers. According to the Confederation of Zimbabwe Industries (CZI), its committee on energy has been told that the pipeline charges are expected to drop...

Egypt’s Oil Minister, Tarek El Molla (photo), has announced that the country has terminated its tender to hire a third liquefied natural gas import (LNG) regasification terminal as it is no longer needed. “The tender to rent a third regasification terminal was cancelled due to a lack of need for it and until we reassess the gas production capacity of Egypt and the consumption levels over the...

Royal Dutch Shell plans to stop gas production from Egypt’s Rosetta field in the Rashid concession, by July 2017, as dues owed by the Egyptian government continues to accumulate. The company has refused to pay for field development to offset the natural decline in production. According to a source with the Egyptian Natural Gas Holding Company (EGAS), the development of Rosetta gas field which...

During a roundtable in December 9, 2016, the council of ministers of Niger has decided to grant mining firms XANTUS and Endeavour Mining, new prospection permits in Tillabéry and Agadez. According to the approved related agreements, the two firms should respectively invest in lithium and gold exploration in Niger. In regard to details, XANTUS will receive in Tillabéry four mining permits,...

France and Germany signed a financing agreement with the government of Uganda to provide €90 million for the construction of the Muzizi hydropower dam. France through the French Development Agency said it would provide €45 million, a concessional loan. The remaining €45 million will come from the German kfW Bank, a concessional loan of €40 million and a €5...

Mobile operator Telma has launched its activities in Comoros last December 9. The firm which operates under the name Telco (Telecom Comores) said it has deployed 50 telecom sites across the nation. These infrastructures already provide voice and data services to 60% of the population. The firm’s telecom network operates under 4G, its CEO, Patrick Pisal-Hamida, revealed. For Comoros’ people,...

Investment firm Tana Africa Capital sold its 25% stake in agrofood group Promisador to japanese Ajinomoto Co. for $399 million. In a statement reported by Africa Capital Digest, Duncan Randall, Tana Africa’s Managing Director said: “Tana Africa Capital and its shareholders have enjoyed a positive, decade long relationship with the Promasidor Group…We have highly valued the...

Nigeria plans to sell N20 billion ($63 million) of green bonds in the first half of 2017 to finance renewable energy projects, Bloomberg reported on December 9, citing official sources. “We are on track to sell the bond in the first quarter, a sovereign, and could have another by the end of the year,” Environment Minister Amina Mohammed said. “The sale will also help fund an...

Less sugar but same taste. That is the goal which Swiss firm Nestlé aims at. The agrofood giant indeed announced that it discovered a process which reduces the sugar level in its chocolate bars by up to 40% without changing their taste. Nestlé plans to start using the process in 2018, after getting it patented. Commenting the discovery, the firm said the new process helps “structure the...

Land title issuance has begun in Azazga, in the Tizi-Ouzou wilaya, 100km East of Algiers, El Watan reports. The operation is carried out by the land conservation office. “Cadastre operations were conducted a year ago and related documents were exposed for a month, last June, at APC’s office in Azazga. The final stage, which the issuance of land title was launched a few weeks back and...