Golar LNG has today announced the approval of the tolling term sheet of its Cameroon FLNG project. Due to this, the commercial terms for the FLNG vessel, Golar Hilli have been confirmed. Recently, Cameroon's oil and gas companies, Societe Nationale des Hydrocarbures (SNH), Perenco Cameroon (Perenco), Golar Hilli Corporation and Golar Cameroon (Golar) executed a Gas binding agreement with the...

France will grant an additional €300 million in aid to Mali, mainly to develop the north of the country, where the ex-Tuareg rebellion and pro-government armed groups have just reached a peace agreement, AFP reported on 16 October, citing French diplomatic sources. “We are going to announce approximately €300 million until 2017, of which a substantial part is meant for the...

The Caisse Nationale d’Assurance Maladie et de Garantie Sociale (CNAMGS - National Health Insurance and Social Security Fund) assessed in this month of October 2015 its situation since 2011. CNAMGS informs that it has 905,431 persons insured, as at 1st October 2015 (out of a total population of 1.6 million). In the health sector, CNAMGS celebrates the commissioning of the Libreville Oncology...

The Tunisian economy should register a growth of 2.5% in 2016 against a rate of 0.5% expected in 2015, the Minister of Finance, Slim Chaker, announced on 16 October. This forecast remains far below the average of 5% noted in the ambitious 2016-2020 development programme recently presented by the government. Mr. Chaker also specified that the budget deficit should be back down to 3.9% of the GDP...

A new private airline company will soon compete with the national company Air Madagascar on the domestic flights market, RFI reported on 15 October. Labelled Madagasikara Airways, the new transporter is currently seeking official approval, the same source added. “We have requested from the Civil Aviation of Madagascar (ACM), in our desire to liberalise the airline industry, that they support...

Kenyan group Jubilee Insurance announced, on 12 October, having started operations in the Democratic Republic of Congo as part of an expansion programme in sub-Saharan Africa which also includes having a presence in Ethiopia and Madagascar prior to the end of the current year. Commenting during the signing of a partnership agreement with automobile distributor CMC Motors, Patrick Tumbo (photo),...

On 13 October 2015, the sub-marine fibre optic cable Africa Coast to Europe (ACE), was officially commissioned during a ceremony organised by the ministry of Communication and Information and Communication Technologies. The commissioning involved starting up the connecting equipment housed in the landing station located at Rue du Centre Psychiatrique Jacquot, in the Fidjorossè area of Cotonou....

Algerian Prime Minister Abdelmalek Sellal announced, on 14 October, that his country will start in 2016 the construction of a big transhipment port linked to the main highways in order to transport goods through Africa. “The construction works of the new commercial port of the central region, to be located between the cities of Cherchell (Tipaza) and Ténès (Chlef), are scheduled to start in...

South Africa’s Strategic Fuel Fund (SFF) is looking to resume crude imports from Iraq, if sanctions placed on the country are lifted. SFF is seeking to import from Iraq 24-million BO a year to boost its reserves, an official told Businessday live. South Africa has not been importing crude oil from Iraq since 2003 due to sanctions imposed on the country by the European Union and the United...

Gulfsands Petroleum Plc in its update today expressed disappointment for not beinggranted an extension by Morocco’s oil company ONHYM (Office National des Hydrocarbures et des Mines), to its Fes Petroleum Agreement in the country. The Fes Agreement covers the Fes area onshore Morocco where the company had targeted prospective resources of about 478 million barrels of oil equivalent. The...