Madagascar Oil Ltd., which has over 1.7 billion bbl of contingent resources in the Tsimiroro field, has provided an update on its strategic partnering process and financing initiatives. For over two months now, the Company has been working closely with its strategic advisor, Jefferies International Limited (Jefferies), to consider the Company’s tactical options regarding the sourcing of a...

The 17th East African Power Industry Convention (EAPIC) which took place at the Kenyatta International Convention Centre in Nairobi, Kenya from 27-28 August 2015 provided a leading platform for identifying and establishing further insights into the various markets associated with the energy reform landscape and investment opportunities across Africa. "The EAPIC convention emphasized that strong...

The Ivorian minister of Public Administration, Cissé Ibrahim Bacongo (photo), announced on 7th September that some 2,000 "shadow civil servants" were discovered in 2015 in the public administration. "We have identified 2,000 workers who were signing and cashing their salary at the end of the month while using identification numbers acquired fraudulently", he declared to AFP. These people work...

Anadarko Petroleum, an oil and gas company listed on the New York market, will explore the CI 527 block in the Côte d'Ivoire offshore as part of a production sharing agreement signed on 6th September with the Ivorian government, the online portal of the daily newspaper Le Patriote reported on 7th September. The American company, very active in East Africa and with assets in neighboring Ghana,...

Lekoil has announced the start of oil production from the Otakikpo Marginal Field in OML 11, which is located on the shore line in the south-eastern part of the Niger Delta. Sweetcrude reports First oil flowed surfaced at the Otakikpo-002 well on September 5, 2015 with production testing being conducted over the weekend. The well flowed oil at various choke sizes for over 24 hours at a peak rate...

Sound Oil, the European and Mediterranean focused exploration and Production Company, listed on AIM with a cornerstone investor and strong liquidity, has announced the results of a technical evaluation of the onshore Tendrara licence, Morocco which was completed by SLR Consulting, and provided an update on preparations for the forthcoming well.   As was announced on the 8th of June 2015,...

Sound Oil, the European and Mediterranean focused exploration and Production Company, listed on AIM with a cornerstone investor and strong liquidity, has announced the results of a technical evaluation of the onshore Tendrara licence, Morocco which was completed by SLR Consulting, and provided an update on preparations for the forthcoming well.   As was announced on the 8th of June 2015,...

Many accusations have been made by the Burkinabe Digital Communications Services’ Consumers Association (Association Burkinabé des Consommateurs de services de Communications Electroniques - ABCE). The association criticises the agreement signed in June 2015 between Canal+ and Neerwaya Multivision, for the broadcast of some television channels, particularly Canal+ channels. ABCE notes that the...

FNAC, French leader in the retail of cultural and digital products, announced on 7th September, that it would soon open two stores in Côte d’Ivoire, marking its first steps in sub-Saharan Africa. The opening of the two stores will take place as part of a partnership with Prosuma group, one of the leaders in the retail sector in francophone Africa.   The first store of 300 square metres...

As part of the Floods Fight Emergency Project (Projet d’Urgence de Lutte contre les Inondations – PULCI) in Northern Cameroon, the government recently awarded contracts for the refurbishment of irrigated areas as well as the Maga & Logone and Mayo Vrick dykes to two groups of Chadian companies. According to the official communiqué published for this purpose, these contracts were won by...