Vodafone Egypt is all set to launch 4G in the country, its CEO Stefano Gastaut told Menafn. The head of the Egyptian subsidiary of British Vodafone said only the approval of the National Telecommunications Regulatory Authority (ANRT), is left for the firm to launch 4G. With the arrival of mobile operator Telecom Egypt, Stefano Gastaut promised a continuous investment in his company’s network,...

Problems keep raining down on Bolloré, the French transportation and logistics group. After the train derailment in Cameroon involving its subsidiary, the group received multiple complaints in the French media industry, lawsuits in the Conakry port case, amid protests from employees in Cameroon and a slumping turnover. On December 1, 2016, the Versailles Court will study the Conakry port case...

In Benin, the radio station Soleil FM and studios of Idéal production, firm that provides images to Pan-African channel Sikka Television have been closed. The measure falls under a decision of the High Authority for Broadcasting and Communication (HAAC) to close various media, including TV channels E-Télé and Chrétienne TV. The HAAC has suspended Soleil FM’s activity until further notice...

FINACTU Group is pleased to announce that it has won the RFP tender launched by the CIPRES (Conférence Interafricaine de la Prévoyance Sociale) for the creation of the African Investment Fund. CIPRES is a transnational supervisory institution that encompasses 25 social security institutions located in 16 African States. AIF is a recent initiative of CIPRES, widely supported by the General...

Nipco Investments Limited has filed an application with the Securities and Exchange Commission for approval to progress with the acquisition of a 60% equity ownership in Mobil Oil Nigeria Plc. According to Mobil Oil Nigeria, a notice on Nipco’s communication to the Securities and Exchange Commission (SEC) was received from ExxonMobil Oil Corporation. “Further to our communication of October...

Nigeria has lost 130 million barrels of oil since the resurgence of attacks by groups of militants in the Niger Delta region on oil installations in Q1 of 2016. This is coming after the Minister of State for Petroleum Resources, Emmanuel Kachikwu, said the President’s petroleum industry roadmap would assist in stabilizing the region for the oil and gas sector. According to Energy Voice, this...

The Organization of Petroleum Exporting Countries (OPEC) on Wednesday commenced debates on a deal to cut oil production and bolster the crude oil price as Iran and Iraq resists pressure from Saudi Arabia to take part in any action. The members of OPEC began an informal meeting on Wednesday morning and are expected to start a formal gathering at OPEC headquarters later. While an Iraqi delegate...

As part of efforts to boost energy revenue, Algeria signed a new supply agreement with Italy to provide 10 billion cubic meters of natural gas each year. This is coming after Sonatrach and Eni signed several agreements in Rome, both in the upstream and downstream sector during the weekend to strengthen a long-term partnership. According to reports, under the agreement, the North African country...

Africa Energy has announced that it has signed a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to buy a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37).                                                   ...

Tunisie Telecom secured a financing agreement for €100 million from the European Development Bank (EIB) on November 28, 2016. Related documents were initialed by Nizar Bouguila, CEO of the telecom operator, and the president of EIB, Werner Hoyer. The signing happened a day before the International Conference for Support to Economic, Social and Sustainable Development of Tunisia, TUNISIA...