Egypt’s Oil Minister, Tarek El-Molla (photo), has announced that the country plans to boost its natural gas output from the current 3.9 Bcf/d to between 5.5 and 6 Bcf/d by 2019 ending. According to El-Molla, the country presently has 12 natural gas field development projects estimated at a total of $33 billion in investment ongoing. The three major projects, which include the Zohr...

Ghana will develop a 100 MW solar plant in Nyimbale-Sankana, a village in the Upper West. The infrastructure will, after it is completed, provide enough power for about 80,000 Ghanaian households, and will start production by 2018. Its construction should start this year. The project will cost $150 million of which the US Trade and Development Agency has provided more than $700,000 in...

Tanzania plans to invest $3 billion to build a fertilizer-producing unit. This project is the fruit of a partnership with a consortium of German, Danish and Pakistani investors, Reuters reports. “This factory which will be Africa’s biggest in terms of fertilizer production, will produce 3,800 tons of fertilizer each day and employ up to 5,000 people,” said the country’s presidency...

Corporate and individual entities that invest in public infrastructure projects in Nigeria now benefit from a tax reduction, Nigerian minister of energy, public works and housing, Babatunde Fashola told local press. The 30% tax reduction on revenue is granted by the Federal government of Nigeria, on the investor’s request. “Even as a person, you can apply for the allowance if the...

The board of African Development Bank (AfDB) just provided, through its private sector unit, a $120 million credit line to the Tanzanian Cooperative Rurual Development Bank (CRDB). CRDB will, with this funding, be able to finance its infrastructure projects and SMEs, in Tanzania’s rural and urban areas. However, focus will be on enterprises run by women. The goal here is to generate more...

Angola's liquefied natural gas (LNG) export plant is currently facing a setback in the boosting of output and shipping of cargoes. The plant was shut down in April 2014 after construction mistakes and difficulty in controlling feed gas deliveries.  Efforts have been made to restart the plant in January this year. Trade sources said they had been informed by Angola LNG that first cargo will...

An arrest warrant has been issued against Moïse Katumbi, former governor of Katanga and main opponent of Joseph Kabila in the presidential election, for “hiring mercenaries”, said Congo’s Minister of Information, Lambert Mende, interviewed by French newspaper Le Monde. “Mr Katumbi’s movements will depend of the court, but what is sure is that he presently no more has all freedom. He...

Mozambique’s national oil and gas company, ENH, has entered into an agreement with China National Petroleum Corporation (CNPC), to reinforce cooperation in the area of oil and gas exploration, production, natural gas processing as well as marketing. Under the agreement, CNPC will contribute actively in Mozambique’s Exploration & Production projects, encourage collaboration in gas field...

Will Chad soon experience agricultural revolution? This is what suggest the words of President Deby during the launching of the 2016-17 agricultural season. The president who said he would dedicate his new five-year term to the development of rural areas, emphasized on the importance of agriculture toward the country’s emergence. “Oil is poverty. To achieve true development, agriculture and...

Fox Petroleum Energy Trading Nigeria Ltd, has revealed plans to start investing in the exploration and processing of crude oil in Nigeria soon. According to Kabo Sunday, the Managing Director and Country representative of Fox Petroleum, the company would be investing billions of dollars in the Nigerian petroleum sector.He said talks are already ongoing with the Federal Government’s agencies...