In Mozambique, Wentworth Resources has announced that it is at present holding talks with state-owned Empresa Nacional de Hydrocarbonetos de Mozambique (ENH) to take up operatorship of the Rovuma onshore concession following the departure of Anardarko and its JV partners Maurel & Prom and PTTEP. Anardarko and its JV partners gave up their participating interest in the Rovuma concession on...

In South Africa, Transnet has announced that it has raised 12 billion rand ($ 850 million) via a syndicated loan in order to fund part of its plan on new trains to transport fuel and other commodities. The country’s logistics group has been using wagons to transport commodities like coal, iron ore and fuel. Transnet has been expanding and renovating railways, pipelines and ports in South...

In Tehran, the Prime Minister of Algeria, Abdelmalek Sellal, has advised oil super majors in the oil market to come together and agree on production levels, which he believes can recover crude oil prices. The prime minister declared this in his speech at the 3rd summit of the Gas Exporting Countries Forum (GECF), held in Iran today. Representing President Abdelaziz Bouteflika at the summit, the...

In Ilorin, following the discovery of two filling stations hoarding petrol on Sunday, the Department of Petroleum Resources (DPR) in Kwara State distributed the product to motorists and motorcyclists on queues for free. According to Vanguard, the filling stations include Alkad and Sons Nigeria Limited, located at Olorunsogo in Ilorin and Nasmut Nigeria Limited located at Otte in Asa Local...

In Algeria, following the low prices of oil, which has cut into the country’s economy, its energy incomes have been estimated to drop to $26.4 billion,while its foreign exchange reserves will drop to $121 billion in 2016, Finance Minister Abderrahmane Benkhalfa (photo) revealed. According to a draft of the country’s 2016 budget, Algeria plans higher taxes, import duties as well as...

In Kinshasa, advert consumption has considerably surged. This is general conclusion derived from the the latest study of Target Sarl. The second on advertising’s impact in Kinshasa behind that of 2013. Comparing the first to this year’s, it emerges that Kinshasa’s citizens consume more adverts, regardless of the medium through which they are conveyed, except for the radio which...

Nigeria hopes to conclude negotiations with China in relation to the import of material required for the implementation of 40 rice mills. According to agriculture’s new minister, each of these mills will have a daily processing capacity of 100 tons and these infrastructures will be established throughout the country. Audu Ogbeh explained that the implementation of this project which was...

Accessible only through Internet, the Tele-Ecole channel plans to increase its audience in Senegal. Its board of directors has decided to submit an official request for the acquisition of Digital terrestrial TV channel (DTT), Senegal’s Press Agency (APS in French) reveals citing a communiqué from the channel. “It is an official request for the acquisition of a DTT channel for Tele-Ecole as...

FOTEEC awarded MTN Congo, the Excellency Prize for Congolese businesses in the Telecom industry. The awarding ceremony recently took place at the Brazzaville Radisson Blu, on the bank of the Congo River. Organized by General Directorate of Economie and Idée Association, the first edition of the Forum and Excellency Awards for Congolese Businesses (FOTEEC in French) was held in Brazzaville from...

Instability has once again settled within SABC, the South Africa state-owned audiovisual group. Appointed just four months ago as the company’s Director General, Frans Matlala was suspended on November 18, 2015, by the group’s board of directors. Frans Matlala is SABC’s 9th CEO since 2009. The reasons for the dismissal were not given. However, the group’s spokesperson Kaizer Kganyago,...