Ethiopia and Djibouti have awarded the contract for the construction of a joint oil pipeline of 550 km, valued at USD 1.55 billion, to developers Blackstone Group LP, a member of Black Rhino Group, and Mining, Oil & Gas Services. Black Rhino Group revealed, on 2nd October, the acquisition of this contract which was the object of an agreement between the two countries of the Horn of Africa....

EREN Renewable Energy increased its capital by €100 million. The mobilisation of these funds represents the first step in a €200 million fund raising project. The second phase of this operation will take place between 2016 and 2017. Bpifrance contributed €50 million to this capital raise. Next World and Salvepar respectively brought in €17.5 million and €16...

Derou & Partners Group, a Togolese firm specialised in architecture, city planning, engineering and real estate, announced in a press release published on 12th October having started, through its subsidiary Confortis International, the construction of a new 3rd generation town in Lomé in order to make home ownership accessible to the middle class. Christened “WellCity”, this town...

African journalists will remember that the Abidjan Declaration enabled the creation of the African Freedom of the Press Watchdog. It was at the end of the international symposium on the freedom of the press, organised in Côte d’Ivoire, on 5th and 6th October 2015. The watchdog is in charge of assessing and marking the policies of African states in terms of freedom of the press, protection of...

The Karankasso joint venture project, covering 750 km2 in the south-west of Burkina Faso, could hold 9.2 million tons of non-exploited inferred mineral resources with a content of 2.3 grams of gold per ton for 671,000 ounces of gold. It is the assessment made on this project located 300 km south-east of Ouagadougou and 60 km east of Bobo-Dioulasso, revealed on 9th October by the project...

A new banking establishment has just been created in the Republic of Congo. It is the Banque Sino-Congolaise pour l’Afrique (BSCA – Chinese-Congolese for Africa), which was recently inaugurated according to a communiqué published on 12th October by Sopra Banking Software, a group specialised in the software sector who built the information system of the new bank. BSCA is the result of a...

Here is a free TV bundle to catch: Basic African channels, France 24 and much more. It is the the TNT SAT Africa offer, targeting the African market, that the Africable group and its partners are releasing. Sold at FCfa 40,000 the equipment (antenna and decoder) allows the viewer to watch between 54 to 60 TV channels for free. It took 12 months to build the TNT SAT Africa teleport, located on...

The Ugandan government has signed a Memorandum of Understanding (MOU) with Tanzanian government, state-run TPDC and Total E&P Uganda, Petroleumafrica reports. The MOU reflects on the development of an oil pipeline from Uganda to Tanzania providing an opportunity for other participant to join the process of evaluating and developing options for the route. It also establishes a platform for...

The Nigerian National Petroleum Corporation (NNPC) has discredited recent reports of reduction in the price of petrol from N87 to N57 per litre. The Group General Manager, Group Public Affairs Division, Mr Ohi Alegbe in a statement said that the report was false and deceiving, adding that such reports should be ignored. The statement also revealed that the Group Managing Director of NNPC,...

The President of Tanzania Jakaya Kikwete while speaking at an official launching of infrastructure for the processing of natural gas said he is confident that the newly found natural gas in the country will help overcome the constant power outages. "Tanzania relied on hydro-power generation for many years. Ten years ago, the nation experienced serious droughts that lowered water levels of the...