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Maroc Telecom to Acquire Chad’s 1st Mobile Operator

Morocco’s telecom giant Maroc Telecom continues its international development focusing on its expansion in Africa wherein the company is present in several African countries. It signed on Thursday an agreement with international telecommunications & media company Millicom to acquire 100 pc of the shares of its subsidiary Tigo Chad, 1st mobile operator in Chad. The […]

Fuel consumption drops by over 20% after price hike in Zimbabwe

In Zimbabawe, fuel consumption has declined by 35 million liters following the January fuel price hike announced by President Emmerson Mnangagwa. According to the Governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, the fuel consumption has dropped from 165 million liters of fuel per month to 130 million liters per month. In his […]

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Luanda refinery to quadruple gasoline output by 2021

A partnership agreement between Angola’s national fuel company, Sonangol, and Italian multinational oil company, Ente Nazionale Idrocarburi (ENI), will augment the Luanda Refinery’s gasoline output by four times its current production, Sonaref Chairman, Joaquim de Sousa Fernandes said at a press conference. The Luanda Refinery currently operates at 95 percent of its production capacity and […]

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Chad, Sierra Leone gearing up for energy revolution

The Government of Chad last weekend sealed an agreement with Amea Power for the construction of a 120 megawatts (MW) solar power plant in the Central African nation. The agreement signed by Chad’s Minister of Petroleum and Energy, Mahamat Hamid Koua, and the Chairman of the Board of Directors of Amea Power, Hussein Al-Nowais, aims […]

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Zambia eyes $500 million bond to pay power bills

Zambia plans to launch a $500 million bond program to settle arrears to independent electricity providers, according to Bloomberg. The bond program has been structured in two tranches, the first of which could be launched within two months, according to GRK Prasad, the director of Nava Bharat Venture. The Indian company operates the Maamba plant […]

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Nissan to set car assembly plant in Algeria

Japan’s second largest car maker Nissan Motor Co has announced it will launch a car assembly plant jointly with a local partner in view of meeting local demands for vehicles after the state imposed a ban on imported car. Nissan Wednesday signed an agreement with Hasnaoui Group in Algiers for the plant that will cost […]

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Rabat Appreciates Adoption by EU Parliament of Morocco-EU Fisheries Deal

The European Parliament adopted Tuesday with a resounding majority the new fisheries agreement with Morocco, including the Sahara, a historic vote which prompted the appreciation of the North African country looking upbeat over the future of Morocco-EU strategic partnership. In a press release issued by the Moroccan Foreign ministry, Rabat expressed its appreciation for the […]

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South Africa launches continent’s most advanced nanosatellite

South Africa has successfully launched into space the continent’s most advanced nanosatellite to date – the ZACube-2. The ZACube-2 will provide cutting edge remote sensing and communication services to South Africa and the region. “This satellite will help us monitor our ocean traffic as part of our oceans economy and also monitor veld fires and […]

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Guinea-Bissau needs ‘genuinely free and fair elections’ to break cycle of instability

Unless political actors in Guinea-Bissau demonstrate renewed good faith to hold “genuinely free and fair elections,” the country is set to face a continuous cycle of instability, the United Nations Security Council warned on Thursday. In a statement, the 15-member Security Council expressed “regret” that the country did not hold elections as planned on 18 […]

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Chinese company to invest $147 mln in copper project in DRC

China’s Zhejiang Huayou Cobalt Co will invest $147.2 million to build a copper project in Democratic Republic of Congo (DRC), the company said on Tuesday. Democratic Republic of Congo is Africa’s top copper producer and the world’s leading miner of cobalt, a mineral which has seen a surge in demand due to the manufacture of […]

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