Ghana's Minister for Power Kwabena Donkor has on Thursday led a government delegation to Abuja to begin talks with N-Gaz, a Nigerian consortium, and other stakeholders in an effort to avert execution of threats from Nigeria. Nigeria had recently threatened to cut gas supply to Ghana due to an outstanding debt of $181 million. According to the West African Gas Pipeline Company (WAPCo)...

Moroccans, Nigerians and Kenyans dominate the 2015 edition of the “Choiseul 100 Africa – Future economic leaders” ranking compiled by the Choiseul Institute, a think-tank based in Paris. This ranking published every year “identifies, lists and ranks young African leaders aged 40 years or less, who might play a major role in the economic development of the continent in the near...

Panoro Energy ASA has today declared the successful completion of the Aje-5 production well situated on the OML 113 licence, offshore Nigeria. The drilling which began in July has now being completed and all major equipment used has being moved to Lagos. The equipment which includes the Saipem Scarabeo 3 semi-submersible drilling rig is to re-enter the existing Aje-4 well to be completed as a...

Angola has decided to cut its expenditure by half this year as a result of the decline in the prices of oil. The country records approximately two-thirds of fiscal revenue in crude oil since crude prices fell in June last year putting the second-largest crude oil producer in Africa at risk. While representing the President Jose Eduardo dos Santos at the state-of –the –nation address in...

Colas, the transport subsidiary of Bouygues, has succeeded in producing energy thanks to photovoltaic cells installed on roads. Referred to as Wattway, this new technique of producing solar energy, is the fruit of five years of research conducted with the National Institute of Solar Energy (INES). The usually fragile photovoltaic cells are covered with a patented transparent coating which allows...

In Senegal, the Singaporean Olam could be the latest potential buyer of Sunéor to date. According to Les Afriques, the Senegalese State is currently in discussion with the trader. If up until now no figure has been mentioned, the operation should however be finalised shortly. Olam overtures occur whereas some months earlier the French group Avril did not achieve its goals on this dossier. If...

The African Bank of Development (AfDB) has just announced that it had awarded a loan of approximately €115 million (USD 132 million) to Morocco. This financing will go to Plan Maroc Vert, the institution which recently welcomed Akinwumi Adesina at its head indicated. The investment sanctions the success of this initiative which, since its inception in 2008, aroused admiration throughout...

The most high profile Guinean opposition member Cellou Dalein Diallo announced, on 15 October, that he is withdrawing from the electoral process following the publication by the National Independent Election Commission (CENI) of partial results showing the outgoing Head of State leading in the presidential race. Mr. Diallo’s camp also specified that he will not accept the result of the vote...

The Canal+ group is denouncing media piracy in Senegal. "400,00 households are illegally subscribed to TV bundles", the director of Canal+ Senegal, Sébastien Punturello said, while speaking during the seminar on the reform of the national squad against piracy and counterfeit. Mr. Punturello noted the extent of the market share taken by piracy: "if we were to convert 20% of this illegal business...

ILOGS, a subsidiary of Groupe SNPC, has increased its operational capacity with new installations to become more competitive. These works cost FCfa 35 billion, Les Dépêches de Brazzaville reported. The installations are located inside the autonomous Port of Pointe-Noire and were commissioned on 12 October in the presence the President of the Republic, Denis Sassou N'Guesso. They include,...