The African Development Bank on Monday said the proposed oil pipelines in Kenya and Uganda to transport crude from the port to fields, have offered a great opportunity for private investors who are eager to improve their portfolio in East Africa’s energy industry. “Nobody has ever, ever lost money financing pipelines. If there is oil flowing, it’s generally viable,” Gabriel Negatu...

Dutch firm Gigawatt Global has signed with the government of Liberia a memorandum of understanding for the financing and construction of a 10 MW solar power plant in Monrovia, the capital. According to the MoU, the European firm is to provide the government, via the Liberia Electricity Company (LEC), a roadmap for the infrastructure and technical and financial feasibility studies for the...

Kenya has postponed all exploration activities in the 42,000 km² offshore exploration area of the Indian Ocean, where Eni has been prospecting for hydrocarbons. This area which contains offshore exploration blocks L-21, L-23 and L-24 has been a subject of dispute with Somalia. The three blocks located in the deep and ultra-deep sections of the Lamu basin were awarded to Eni in 2012 together...

Determined to recover the lands from their ancestors back in the 1700s, Mauritian inheritors formed a group represented by Danielle Tancrel, Didier Kisnorbo and Raymonde Bisset to denounce their situation which so far has been ignored by the government. “The crime has been recognized by the Commission for Truth and Justice: Mauritian families have been dispossessed from their lands in the...

Denouncing the abandoning of the Ouargla industrial zone in Algeria, its residents are calling unto the government to take care of the region which used to be home of many prospering companies like Enaditex, Etrapmo, Onaco and Enafroid. According to website Algerie patriotique, the people of Ouargla are doing everything to get the government’s attention. What is left of this industrial area,...

Warning European, American and Asian transnational agro-industrial companies, the Nigerian civic society said “Nigerian and African governments must rise to protect the people from his invasive land grab that threatens all life forms, especially the rural poor who are the best custodians of forest, food, land and water”. Denouncing the land deals that “are mostly shrouded in secrecy by...

Victoria Oil and Gas in its operational update and interim results on its asset in Cameroon, announced that it enjoyed a 93% increase in per day production in H1 of 2016 while its sales also increased by 50%. The Africa-focused company achieved a major breakthrough the same period when the initial explorations costs of the Logbaba onshore gas project in Cameroon were recovered. According to...

Foxtrot International has concluded a four-year $850 million field development programme on Block CI-27, offshore Ivory Coast. The two new gas fields on the block; Marlin and Manta, have begun operation after a four-legged manned platform was installed including related processing and pipeline facilities as well as the drilling of one exploration and seven production wells. Gas output...

Africa’s first edition of the International IT fair, AITEX, (Africa IT Expo), which began last Wednesday on the sidelines of the Casablanca international fair, ended on September 24, 2016, on a topic focused on universities. This first edition was punctuated by debates, expositions, meetings, workshops, conferences, business meetings, and was under the theme: “Digital transformation, key to...

US President Barack Obama has announced on September 21 that $9.1 billion would be invested in Africa, promising to work to boost trade exchanges with the continent. “The United States is determined to be that partner -- for the long term -- to accelerate the next era of African growth for all Africans,” he told many of his African counterparts during the US-Africa business forum held...