Gabonese BGFI Bank and its Moroccan counterpart BMCE Bank are among the 10 candidates who have declared their intention to buyout Banque Franco-Tunisienne (BFT), the oldest credit establishment in Tunisia, the Tunisian stock market website Tustex reported on 18th October. The other 8 candidates to have shown interest in buying out this subsidiary of Société Tunisienne de Banque (STB, a public...

The Department of Petroleum Resources (DPR) has sealed six independent marketers’ filling stations in Sokoto Northwest of Nigeria and its vicinity for various offences. This was disclosed by the Zonal Operations Controller of the Department in charge of Sokoto and Kebbi states, Alhaji Mohammed Makera. Five out of the six filling stations were sealed on the charge of selling petrol above the...

Morocco has commissioned an international tender in search of advisers for its LNG import plan worth $4.6billion. The plan includes the importation of about 7 billion cubic metres of gas by 2025, construction of a jetty, terminal, pipelines and gas-fired power plants. The country is currently assessing offers from Shell and other French, Spanish and American companies for its contracts to...

Toward resolving the dispute that led Nigeria to threaten of cut gas supply, Ghana has announced that it will pay the sum of 170 million dollars it owes Nigeria by February 2016. According to the spokesperson of Ghanaian Ministry of Power, the Volta River Authority the country’s state power generating company is to pay the debt to N-Gas in three parts starting from November. « The...

GPB Global Resources has announced that it has acquired a 2D seismic Data Acquisition at the Gewane-El Wiha licence area in Ethiopia. The licence area which is situated in the Afar region North-East of Ethiopia, covers approximately 42,000 km² and has seen Airborne FTG and Magnetic Survey carried out in February this year. GPB Global Resources had signed a Petroleum Production Sharing Contract...

Engen Petroleum, a South African oil and gas company plans to add two new service stations to its retail network in the Democratic republic of Congo as well as construct an Engen Truck Stop long haul site. The GM of Engen’s International Business Division, Drikus Kotze, stated that the company has just received approval for construction of service stations on the Tourisme in Kinshasa, which it...

On October 13, 2015, a group of cocoa producers including Gics Enugma and Ugicam, from Nkoétyé which is about 10 Km from Cameroon’s Southern regional capital, sold 60 tons of cocoa for 90 million FCFA, the Mutations daily reports. This feat arose from a grouped sale organized by National Cocoa and Coffee Board (ONCC). Michael Ndoping Managing Director ONCC said grouped sales aside boosting...

The National Iron and Steel Company (Feraal – Société National du Fer et de l’Acier) will select, prior to end October, an international expert firm to study the feasibility of operations on the mega deposit of Gara Djebilet, APS reports. The choice will be made “from a shortlist of 3 international firms of world renown and specialised in mining, steel and metal industry”, Ahmed...

At least three people were shot dead this Tuesday 20th October during a demonstration organised by the opposition against a constitutional referendum which would allow President Denis Sassou Nguesso to seek a third term in 2016, the Reuters agency reports. A witness who brought one of the bodies to the city mortuary declared that his friend was killed by security forces. “I was there when they...

The new Congolese public airline, Congo Airways, launched on 20th October its commercial flights with the inauguration of the regular connection Kinshasa-Lubumbashi. This first flight between the capital city and the second city of the Democratic Republic of Congo took off from the Ndjili international airport in Kinshasa shortly after 9H00 GMT, with 160 passengers on board. According to...