San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, has declared that the El Aaiun-4 well on the Tarfaya conventional license, onshore Morocco, was spud today. San Leon is the operator of the Tarfaya license and holds a 75% net operated interest while ONHYM, the Moroccan National Bureau of Petroleum and Mines, holds the remaining 25%...

In Senegal, Futurs Médias Group (GFM) has expanded with 3 new television channels, being iTfM, OléTfm and TfmReligion. Youssou Ndour’s media group thus beefs up its offer which was so far limited to Tfm, the parent TV channel, as well as radio Rfm and the daily l’Observateur. These three media are among those with the highest audiences in the country, each in its sector. The same...

The Democratic Republic of Congo (DRC) hopes to obtain compensation of USD 21.622 billion from polluting countries, during the next COP 21. This amount according to official sources is meant to put the important forest area of this country, the second largest in the world, to use in the fight against global warming. This participation necessitates, according to Congolese experts, technical and...

The GDP per capita of Algeria has registered a slight drop in 2014, to reach USD 5,460.1 against USD 5,474.9 in 2013, according to data published on 17 August by the National Office of Statistic (ONS). The GDP of this North African oil-producing country was of 17,205.1 billion Algerian dinars (approximately USD 213.5 billion) in 2014, against 16,643.8 billion dinars in 2013, added the same...

Switzerland has granted financing of one million Swiss francs (FCFA 600 million) to TV Broadcasting of Burkina Faso (RTB). After the declaration of intent signed on 15 June 2015, the actual agreement has been initialled on 20 August by the Burkinabe Ministry of Economy and Finance and the Director of Cooperation of the Swiss Bureau of Cooperation in Burkina Faso. The funding of one million...

Azonto Petroleum Ltd, an oil and gas company listed in London, announced on 21 August having completed, following approval by its shareholders on 17 August, the sale of its indirect equity in Vioco Petroleum Ltd for USD 4 million to Vitol E&P Ltd. The transaction concerns Azonto’s 35% shares in Vioco which itself holds 87% of the CI-202 block in Côte d'Ivoire. This favours Vitol E&P...

After the cabinet reshuffle of 10 August 2015 in Congo, the new minister of Communication has officially been invested this 19 August in Brazzaville. Thierry Moungalla (photo) has fixed the priorities for his action. The time has come to move to the Digital Terrestrial Television (TNT) for which Congo missed the deadline of 17 June. "There is an absolute priority for the communications and...

In Cape Verde, the government foresees suspending imports of poultry meat and pork within the next two years. According to the Ministry of Agriculture of the archipelago, livestock production has experienced very positive development in the country, thanks the efforts of the public authorities and the private sector. However, Eva Ortet has not overlooked the obstacles which hinder Cape Verde's...

The Financial Market Council (CMF), authority of the Tunis Stock Market, announced in a note published on 20 August having started a squeeze-out procedure on the Syphax Airlines stock, due to the failure by the company to comply with its obligations in terms of publication of its yearly and quarterly indicators. According to CMF, the company, which flights have been suspended since 30 July...

The men’s African basketball championship is shown on the channels of the French group Canal+ which, in 2014 reached 1.5 million subscribers on the African continent. Canal+ acquired the broadcasting rights to the African basketball championship which started this 19 August 2015 in Tunisia, to conclude on 30 August. This competition takes place every 2 years. In a press release, Canal+...