As part of moves to increase oil production and ensure a complete operation by November, war-torn South Sudan has summoned investors to its oil regions with the guarantee that security will be provided for their safety. “We are stable and peaceful, security is okay in oil areas,” Ezekiel Gatkuoth (photo), South Sudan’s Petroleum Minister, said. South Sudan is also planning to start...

A three weeks industrial action that has resulted in limited supply disruptions by the South African petroleum sector employers and workers has been called off with the signing of a new two-year wage deal, an official representing employers revealed. About 15,000 striking workers under the aegis of the Chemical, Energy, Paper, Printing, Wood and Allied Workers union (CEPPWAWU) went on strike at...

Egypt’s Oil Minister, Tarek El Molla (photo), has revealed that by the end of 2016 state-holding company, Egyptian Natural Gas Holding Company (EGAS) will issue tenders for oil and gas exploration and production in eight or nine concessions in the Mediterranean. This makes the total number of concessions this year reach 30. The new tender is expected to be issued as soon as the Egyptian...

Tanzania signed with the World Bank a memorandum of understanding (MoU) for a $209 million funding of its national rural electrification program. “The government of Tanzania wishes to modernize its economy through industrialization. Expansion and power infrastructure improvement programs, paired with reinforcement of technical sector will help it achieve this,” said Minister of...

Scatec Solar ASA will build in the Jigawa State, Nigeria, a 100 MW solar plant.“Solar power in Nigeria has significant long-term potential, and we want to take part in the development of this new market,” said Scatec Solar chief executive Raymond Carlsen Contract for the project which was obtained from the Canadian energy developer CDIL and Nigerian construction consultant BPS includes...

The Central Bank of DR Congo disclosed in data it recently published that the country produced over the first half of 2016, 466,250t of copper, representing a fall of 14%. The decrease in output was driven by the halting of processing activities at various copper mines across the country as a result of global drop in the prices of the commodity. This is bad news for DRC’s economy which...

According to French website “La Tribune”, Dassault Aviation signed a contract to sell four Falcon 7X to Egypt. This will help the country boost its fleet of governmental aircrafts which is currently mainly composed of American planes. The contract is valued at around €300 million ($337.8 million). However, a tranche was paid in advance prior to deal closure. The order is for...

On Friday, National Land Commission chairman (NLC), Dr Muhammad Swazuri (picture), ordered State agencies to stop evicting indigenous people living in ancestral forest lands. Populations concerned include the Sengwer people that live in the Embobut forest. “I am appealing to the concerned state agencies to put to a stop any further evictions. I am also calling on the indigenous dwellers to...

Morocco has totaled 12.3 billion dirham ($1.26 billion) in foreign direct investments in the first half of 2016, thus 34.9% less than the previous year, over the same period. This was revealed in data published on August 16, by the foreign exchange office. In opposition to FDIs, remittances from the Moroccan Diaspora grew by 2.3% to 34.9 billion dirham ($3.59 billion) ($3.59bn) over the first...

In Kenya, Kenol Kobil has signed an agreement with Castrol, a British industrial and automotive lubricant manufacturer regarding the construction of a $15 million lubricant factory in Mombasa. According to oil marketer, the collaboration is the most economical option when compared to importing the product from South Africa, where Kenol Kobil usually gets the commodity from. “The Castrol...