As part of efforts to make strong presence and grow its share of the oil market, Engen Ghana Limited, a subsidiary of Engen Petroleum South Africa, has launched its Bodede Service Station near Mampongteng in the Kwabre East District. This service station includes a Liquefied Petroleum Gas (LPG) service unit, a high-tech fuel pump shelter, fuel pump stands and a standby generator to guarantee...

Subsequent to the Federal Government’s announcement on Tuesday December 29, 2015, that the price of petrol will be N86 per litre from January 1, 2015, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas employees (NUPENG) have raised criticism concerning the move. Indeed these two leading unions in Nigeria, have...

In Algeria, the Council of the Ministers, have approved the amendment of a hydrocarbon exploration and exploitation contract between Sonatrach and Italy’s Eni for the Zemoul El Khbar perimeter. The council under the Chairmanship of President Abdelaziz Bouteflika, met on Wednesday to approve the amendment. “The Council of the Ministers continued the deliberations by the examination and the...

Nigeria’s Bank of Industry (BoI) just announced the creation of a $3 billion fund directed towards the promotion of the entire value-chain of sugarcane production and processing in the country. According to the institution, the funding should allow for the provision of single-digit interest rate loans to farmers and investors. Representing the bank’s director Rasheed Olaluwa, Raymond...

On December 28, 2015, during the signing of agreement for digitalization of inter-ministerial mails, Noomane Fehri, Minister of technologies, communication and digital economy, announced that the 4G licence would be awarded for 155 million dinars (nearly $77 million). Process for selection of technical proposal from those submitted by Tunisise Telecom, Ooredoo and Orange should occur in...

The Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA), Farouk Ahmed, has announced that from January 1st, 2016, all fuel stations owned by the National Nigerian Petroleum Corporation (NNPC) will start selling petrol at N86 per litre while independently owned stations is to sell at N86.5 per litre. Mr. Farouk declared this during a news conference in Abuja, on...

Sound Energy has revealed that under a field management agreement (FMA), a subsidiary of Schlumberger Oilfield Holdings Ltd. is to provide integrated technical services, equipment and personnel for its operation on the Tendrara license onshore Morocco. This agreement, allows for Schlumberger to fund a substantial portion of the capex for the first three appraisal wells, and the development of...

The International Monetary fund (IMF) in a release dated December 29 said Djibouti’s economy should record a 6.5% growth in 2016 due to the increasing investments in infrastructure projects. This rate is the same as 2015’s but slightly higher than that of 2014 (6%). IMF however warned the country’s authorities about the continuous rise of its public debt and budget deficit. “Expenses...

Zallé Alimissi Salame, a cocoa farmer from the Tiokorodougou village in Côte d’Ivoire, is the 10, 000th farmer to subscribe to the mobile banking scheme launched by the Swiss chocolate maker Barry Callebaut. This scheme aims to boost professionalization in the sector. Clearly put, the scheme allows any producer who registers with Biopartenaire, Callebaut’s Ivorian subsidiary, to safely...

During the recent meeting between telecom operators and Congo’s telecom regulatory authority (ARPTC), the vice-Prime Minister, Minister of posts, telecommunications and NICTs, Thomas Luhaka Losendjol, demanded the deactivation of all non-identified SIM cards starting from December 28, 2015. Before allowing users to access the various telecom services, the government demanded all these users...