Earlier this week, the government of Togo, during a council of ministers, adopted a decree to establish the Société d’Infrastructures Numériques or SNI (Digital Infrastructures Company). The firm will hold the nation’s strategic telecom capital. Clearly put, SIN will own the main telecom infrastructure used to provide quality telecom services across the nation. The decree states that the...

Mining giant Anglo American announced on November 30, 2016, that it will sell its 9.7% stake in South African firm Exxaro. The firm said it will use proceeds from the sale to reduce its debt. The 9.7% stake (35 million shares) was valued at around R3.38 billion ($240.2 million), based on the closing rate fixed at the closure of JSE on Tuesday. Anglo American announced a 40% increase in its...

Data published by the Central Bank of Egypt reveals that trade between the North African nation and the rest of the world slumped during the 2015/16 fiscal year, by $8.54 billion. It was estimated at $75.02 billion over the period, against $88.55 billion in 2014/15. The situation according to the institution results from a decrease in imports and exports. The bank said the...

Commercial bank for Africa plans to launch, in 2017, its M-Shwari mobile banking service in Cote d’Ivoire and Rwanda, in partnership with MTN, which has subsidiaries in both countries. “Our feasibility studies conducted on Cote D’Ivoire show that it is a very promising market,” said Chris Pasha, head of marketing at CBA, cited by Kenyan media Daily Nation.     Launched in...

To rapidly expand its audience, Agribusiness TV plans to produce a monthly program which will be broadcasted on traditional TV stations in Africa, both public and private channels.  The station also said it would start producing and broadcasting fully mobile-adapted videos. Stories will be shot, edited and broadcasted with mobile phones. Agribusiness TV is a project of MediaProd, a...

In Egypt, the Ministry of Petroleum on Friday said it has received six bids for oil and gas exploration worth a total investment of close to $200 million. According to the Ministry, Royal Dutch Shell, BP, Apache Corp and Apex are part of the companies that won bids. It added that BP's bid was worth about $46 million, Apache's was at least $60.6 million while Shell offered close...

FAR Limited has debunk claims that it does not have the means to exercise its option to farm-in into the Djiffere block, offshore Senegal. According to the company, there has been reports claiming that it could not raise money to exercise its option to farm into the Djiffere block offshore Senegal. “There has been some concern raised about reports that FAR could not exercise its option to farm...

Höegh LNG has announced the signing of a Floating Storage Regasification Unit (FSRU) contract with Quantum Power Ghana Gas Limited (QPGGL) for the Tema LNG import terminal located near Accra in Ghana. The Tema LNG project, which is supported by national oil and gas company Ghana National Petroleum Corporation (GNPC), is the first such project to be executed in sub-Saharan Africa, according to...

As part of efforts to boost the country’s reserves, State-owned energy company Nigerian National Petroleum Corporation (NNPC) has announced that it is ready to explore for crude oil in the Gulf of Guinea. This was declared by the Group Managing Director of NNPC, Maikanti Baru (photo), during a courtesy visit to the Governor of Edo State, Godwin Obaseki. According to Baru, the corporation will...

In Mozambique, the Institute of National Petroleum (INP) intends to sign new oil and gas prospecting contracts with companies granted rights to test for hydrocarbons across the country by early 2017. According to an INP official, the contracts will be concluded within 2 to 4 months with the companies that have been granted the blocks. Upon the signing of these contracts, the winning bidders...