The French industrial group Alstom announced, on 13th October, that it will supply Casa Transports, the Casablanca public transport company, with 50 additional tramways for the extension of the network of the economy capital of Morocco, worth € 100 million. "Alstom was awarded a contract by Casa Transports for the supply of 50 tramways Citadis meant for use on the new tramway section...

PetroSA’s acting Group CEO Mapula Modipa, has today announced his dissatisfaction with the company’s performance. The national Oil Company had in 2014/15 recorded a net loss of R14.6 billion attributing it to poor performance of gas-replenishment programme called Ikhwezi. Project Ikhwezi was PetroSA’s plan aimed at extending the life span of the Mossgas’ gas to liquid plant not far from...

Romania’s offshore drilling and service provider GSP Holdings has announced plans to establish its subsidiary in Nigeria. According to Gabriel Comanescu the CEO of GSP Holding and President of the Board, the company was already in talks with local partners. “We are targeting pipeline and offshore construction projects that will start from Q1 2016. Negotiations are well advanced with...

Four international oil trading companies have joined 96 other companies bidding for the Nigerian National Petroleum Corporation (NNPC)’s Offshore Processing Agreements (OPA), Vanguard reports. The companies namely, Glencore, Vitol S.A, BP Oil international and Total Oil Trading S.A are to lift approximately 210,000 bbls of the country’s crude oil within a period of 12 months starting from...

The Energy Regulatory Commission (ERC) has released its October to November prices for Super Petrol allowing motorist pay Sh9 for the next thirty days, the Star news reports. The lowest retail price for Super petrol this year was Sh89 and the highest was Sh102. Whilst the Prices for diesel went up by Sh2.44 per litre, kerosene was raised to Sh3.49 per litre placing the prices at Sh82.43 and...

South African regulators on suspicion of price fixing raided firms of five of the biggest suppliers of Liquified Petroleum Gas (LPG) in the country. The firms raided include African Oxygen Limited, Oryx Oil South Africa and the gas division of Total. “The commission believes that the information that will be obtained from today’s operation will enable the competition commission to determine...

Whilst Niger’s current oil output is at 20,000bo/d, the country plans to increase it to 70,000 bo/d by 2018, Deputy Budget Minister Mohamed Boucha said. Indeed, the country plans to boost its output by introducing a new pipeline to be provided in 2016 by China’s National Petroleum Corporation (CNPC). The pipeline is to initiate Niger’s crude export, transporting it from Agadem field...

In a non-definitive form of its presentation for the 21st United Nations Framework Convention on Climate Change (UNFCCC), to be held between November 30 and 11 December 2015 in Paris, France, Cameroon decides to work towards “a 32% decrease in greenhouse gas emissions” by 2035, year where Cameroon is to become emergent. “In the reference scenario, GHG emissions will reach 104 million tons...

French start-up Particeep, presided by Steve Fogue (photo), announced, in a communiqué published on 13 October, the launch of the first plug and play solution for participation financing platforms. Thanks to this solution, the crowdfunding platforms can from now on protect up to 100% of the capital put up by the investors in case of default, non-payment, death or invalidity of the project...

The workers of the telecommunications company of Mali (Sotelma), the national telecommunications operator in the country, have finally taken an effective share in the capital of the company. Since 2009, date of privatisation of the State company which transferred 51% of its shares to Maroc Telecom for FCFA 180 billion, the 10% reserved for them in the privatisation contract was postponed in...