The Japanese conglomerate Mitsui & Co announced, on 4 August, that it will open an office in Côte d’Ivoire in order to invest between USD 3 and 10 billion, particularly in the sector of infrastructure. The announcement was made by Hironobu Ishikawa, COO of the group for Europe, the Middle East and Africa, during a work visit in Abidjan. “I made a promise to the Prime Minister to come...

Guinea and Iran have renewed, on 3 August, the convention on the Société des Bauxites de Dabola-Tougué (SBDT.SA), for a new term of 25 years renewable, based on the new Guinean mining code. The convention was signed in July 1992, for a period of 25 years, then ratified and promulgated on 06 October of the same year. “This is a revival of a very important project in the cooperation between...

The government of Cameroon has launched its own subsea fiber optic cable network on 4 August 2015. The infrastructure named Nigeria-Cameroon Submarine Cable System (NCSCS) will link the city of Kribi, in the Southern region, to Lagos in Nigeria. During the ceremony marking the launch of the installation site of this telecom infrastructure, Jean Pierre Biyiti bi Essam, Minister of Posts and...

The Bir Sebaa and Bir Msana (Hassi Messaoud) deposits started production on Saturday and will supply, in a first phase, a cumulated input of 32,000 barrels per day which will strengthen the oil production of Algeria, reports APS. The Bir Sebaa deposit, located 150 km North-East of Hassi Messaoud, is a reserve of approximately 758 million barrels of which 25% recoverable. The initial production...

Sterling Energy PLC, an upstream oil and gas company listed in London, has finalised the acquisition of a 40.5% stake in the production sharing contract (PSC) on Block C-3 covering 9800 km2, offshore Mauritania. The acquisition made through Sterling Energy Mauritania Ltd, its 100% owned subsidiary, is within the scope of its sales and purchase agreement with Tullow Mauritania Ltd which is the...

StratMin Global Resources PLC, a company in the graphite sector in Madagascar, is producing 900 kg of refined graphite an hour in its Loharano project, it announced on 3 August. This production rate follows the successful completion of the second stage of the optimisation of its Loharano project processing plant, the company listed in London advised. StratMin emphasises having significantly...

The Senegalese business school opens the first course on oil trading of the continent, in partnership with Philia SA, a company operating in the oil and gas sector, headquartered in Geneva. The idea is to train on the African continent the traders and logistics coordinators of an essential and strategic sector. The world market for oil and its derivatives is subjected to fluctuations which have...

The Stock Exchange of Casablanca and London signed a partnership agreement last week to launch the Elite Programme of assistance to SMEs in Morocco, according to a communiqué dated 3 July. «We are pleased to sign this agreement which strengthens our cooperation with our strategic partner, LSEG» explained Karim Hajji, CEO of the Moroccan Stock Exchange. The Elite Programme consists of...

Henceforth, a partnership and co-development agreement now links the media groups Africable and Hadafo. It is about 2 major companies in the West African communications sector generally and specifically in the audiovisual segment. Based in Mali, Africable groups 2 TVchannels, an advertising agency, the communications agency Perroquet, a digital cable company Multicanal, as well as Datcom...

After a long dry spell, Algerian tomato production is displaying interesting results thanks to the support provided by the government. "After production was devastated by bad growing seasons, this sector has started reaping the fruits of the sustained efforts made to revitalise it. Hence the importance of continued efforts with a view to achieving the coverage of national needs while reflecting...