On December 7, 215, fixed-line telecom operator Neotel announced in a release that its CEO Sunil Joshi resigned. His resignation follows an investigation led by the firm’s board of administration which cleared him of bribery allegations. These investigations were initiated at the beginning of the year after newspaper The Mail & Guardian made allegations about Neotel making illicit...

Chinese group Zijin Mining Group Co., has acquired on December 8, 49.5% interest in the Kamoa copper project for a total amount of $412 million, mining company Ivanhoe Mines Ltd announced. The Toronto-listed Canadian firm said it received on December 8, an initial payment of $206 million and will receive the remaining $206 million in five equal installments each 3 and half months...

Genesis Electricity Ltd signed with Benin an agreement for the implementation of 360 MW of gas-fueled power plants out of which 120 MW to be installed in the initial phase. Valued at $190 million, it will be financed by the firm and its output will be purchased by government. Once completed, the project will constitute more than 30% of the country’s capacity. This output will...

Agromillora Moyen-Orient (AMO) is a Jordan-based firm established by Tunisian investors. It specializes in the production and commercialization of fruit tree seedlings, TAP agency reveals. By installing in Jordan, the Tunisian businessmen who hold 65% of the company’s capital intend to strategically position themselves in the Middle-Eastern markets. As a matter of fact, the firm is to serve...

Nigerian authorities seem to be increasing the pressure on telecom operators in the country. Truly, it has been observed that these operators, since 2014, have been suffering a number of penalties imposed by the sector’s regulatory institution. The recent case of MTN’s $5.2 billion fine (reduced to $3.9 billion) issued last October 29, set a record in this. Now, it appears that...

The Nigerian Marine Platforms Limited (MPL) alongside Project Development International (PDi) has acquired a £1.5 million contract for the provision of technical support to Chevron’s third phase of the Agbami field transport, installation and pre-commissioning project. PDi was selected by MPL to assist with onshore and offshore installation engineering works on the Agbami field, which will be...

San Leon Energy in its update on NovaSeis, on Tuesday, stated that the company, has signed a Memorandum of Understanding (MoU) with Northbridge Energy, a Nigerian-based integrated energy company. NovaSeis is San Leon’s 100% owned seismic subsidiary. Under the MoU, the two companies will become Joint-Venture partners and are to provide seismic acquisition and interpretation...

As a way of proving efficiency in its operations for the TEN Project offshore Ghana, FMC Technologies has delivered Tullow’s eight subsea trees four weeks earlier than expected. This contract which was awarded to the company in 2013 resulted in the training and development of highly experienced Ghanaians, representing 76% of the local personnel. The subsea trees which weighs approximately 40...

During the next year, Egypt plans to increase its power output to 3000 MW from 2500 MW. Mohamed Shaker, Egypt’s minister of power told Reuters that this operation would end the energy deficit issue the country’s industrial sector has been facing for some years now. “We believe that power production will be better this summer than the last one. We intend to accelerate the implementation of...

Firing real bullets and resorting to force, a number of soldiers deployed by Guinean authorities have tried last December 5, to expulse residents of Kintinian district (North-East), a gold-containing area, in order to cede it to the AngloGlod Ashanti firm, French media RFI reports. The group of soldiers deployed in a district close to the Siguiri prefecture first used tear gas and batons to...