Egypt's petroleum minister Tarek El Molla has announced that British oil major BP is to start production at its North Alexandria concession in early 2017 instead of the mid-2017 it had initially reported. “The offshore concession's output will be roughly 450 million cubic feet per day in 2017 and reach 1.2 billion cubic feet per day by the end of 2019," El Molla told Oil and gas people. As a...

African Petroleum in its update has announced that it is still seeking strategic partners on its 10 licences in Côte d’Ivoire, Liberia, Senegal, Gambia, and Sierra Leone, so as to share risk and potential reward of the company’s exploration program as well as fund its high impact exploration drilling campaign in 2016 and beyond, Petroleum Africa. The company stated that its immediate focus...

During his visit in Douala on 19 October 2015, Cyrille Bolloré, president of Bolloré Transport Logistics, announced that the Bolloré group intended to finance the feasibility studies and construction works for the railway that extends from Ngaoundéré in the Northern part of Cameroon to Ndjamena, Chad’s capital city.   Previously selected as technical expert on this project by...

FAR Ltd, an Australian company active in Eastern and Western Africa, announced on 23 October its intention to raise a total of USD 40 million in equity for its capital expenditure in the Senegal offshore exploration. This is about raising a gross amount of USD 25 million from professional and institutional investors and USD 15 million from eligible shareholders, the oil company listed on ASX...

Toro Gold Ltd, a mining company incorporated in Guernsey, has discovered a 5.6 km gold formation with contents peaking at 0.8 g/t in the Boundiali permit located in the North of Côte d’Ivoire, Predictive Discovery Ltd announced on 20th October. The discovery follows a survey sampling in an area for which there is no gold mineralisation known to this day, Predictive, who wants to sells up to...

At the end of the third quarter 2015, the activity of Société des Caoutcoucs du Grand-Bereby was marked by a drop of 8% in the selling price of rubber and a decrease of 11% in the selling price of raw palm oil, compared the previous year. All things which led to a decrease in its turnover. This negative impact however was limited to -6.6%, thanks to a slight increase in volumes sold (+3.5% for...

In a communiqué, the organisation Reporters without Borders denounced the suspension of Internet access and SMS services in the Republic of Congo since 20th October 2015, from 6 a.m. The suspension of these services came as a prelude to the organisation on this very day of a big demonstrations by those opposing the constitutional referendum scheduled for 25th October 2015. A referendum which...

On 22 October 2015, the historical telecommunications operator Algérie Telecom published a communiqué announcing the occurrence of serious disruptions on its internet network. These disruptions could last several days, leading to major inconveniences for consumers. The cause of the disruptions, according to Algérie Telecom is a break in the sub-marine optic fibre cable Sea-Me-We 4, which links...

The commercial exchanges between Morocco and African countries have registered a yearly increase of 14% on average during the last decade, reaching 37.5 billion Dirhams in 2014 (USD 3.8 billion), equivalent to 6.4% of the foreign trade of the kingdom against 4.1% in 2004, according to official data published on 22nd October. Most of the trade is done with North African countries (58% in 2014),...

The Groupe Industriel des Ciments d’Algérie (GICA) is planning to reduce the cement deficit estimated at over 4 million tons per year with 2 new cement manufacturing plant extensions in Sétif and Chlef, which will start production by end 2016, APS reports. The two extensions, in the cement plants of Ain El Kébira in Sétif and Chlef, will each add about 2 million tons per year, Mr. Ahmed...