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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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Intra-African Trade Fair records $32.6 billion in concluded deals

The inaugural Intra-African Trade Fair (IATF), held recently in Cairo, was marked by the signing of deals valued at $32.6 billion, according to preliminary figures released by the African Export-Import Bank (Afreximbank). Afreximbank, which organized the trade fair in collaboration with the African Union, said that the amount represented the value of 100 deals concluded […]

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Angola joins forum of gas exporting countries

Angola has been admitted as an observer member of the Forum of Gas Exporting Countries (GECF), during the group’s 20th ministerial meeting held in Port of Spain, Trinidad and Tobago. The African Chamber of Energy (AEC) praised Angola’s accession to GECF as it is at the forefront of promoting the use of natural gas as […]

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