Home » Archives by category » Business

Tunisia imports phosphate for first time to supplement domestic need

Tunisia has for the first time ordered a shipload of phosphate to supplement the domestic need for the production of fertilizers, Webdo Tunis reports. The North African country has signed a one-year contract with neighboring Algeria for the importation of the 500,000 tons of phosphates. The first shipload, 40,000 is expected to arrive before the […]

Uganda and Tanzania agree to build a more than 14,000 km pipeline to transport oil

It is a project feared by some for its consequences on tens of thousands of people who will have to be displaced and its impact on the environment, but desired by the Ugandan and Tanzanian leaders for its economic benefits. This Sunday, September 13, the presidents of the two countries signed an agreement on the […]

Read More

ECOWAS: The common currency will not be for 2020

This common currency for the countries of the Economic Community of West Africa was to come into force in 2020. This launch has been postponed. The summit of heads of state of the region this Monday in Niamey took note of this. Countries must now develop a new roadmap. No advanced date for the moment. […]

Read More

Nigeria-France: A 200,000 barrel-per-day refinery project contract signed between the two nations

The French company Axens and the Nigerian conglomerate BUA signed a partnership contract on Tuesday 1st September in Paris to carry out the first stage of a refinery project which will be located in Akwa Ibom State, in south-eastern Nigeria. Currently, the continent’s leading crude oil producer imports almost all of its fuel from abroad. […]

Read More

Morocco’s OCP builds new plant to enhance its global leadership in phosphoric acid

Morocco’s phosphates & fertilizers company OCP and its German and Belgian partners, Budenheim and Prayon, are building in Jorf Lasfar a new plant to produce purified phosphoric acid, through their subsidiary Euro Maroc Phosphore (Emaphos). This new plant will double Emaphos’ annual production capacity, going up from 140,000 T P2 O5 per annum to 280,000 […]

Read More

Post-Covid: Morocco’s King Calls for Competitive Economy & More Inclusive Social Model

King Mohammed VI has called on the government and all stakeholders to take up the challenges spurred by the coronavirus pandemic to rethink the priorities and lay down the foundations for a strong, competitive economy and for a more inclusive social model. In his speech made Wednesday on the occasion of the 21st anniversary of […]

Read More

Probe on oil companies: Competition regulator dismissed, king sets up ad hoc committee

King Mohammed VI has dismissed Morocco’s competition council, which has been entrusted with ruling on the alleged uncompetitive practices used by fuel distributors and decided to set up an ad hoc committee to conduct the necessary investigations to clarify the situation, the Royal Office said in a statement Tuesday. The ad-hoc commission is to submit […]

Read More

Niger: Petrol shortage in the country after a dispute between the State and Soraz Company

The oil refining company Soraz, majority owned by China, cut off the petrol tap at the Nigerien Petroleum Products Company (Sonidep) for unpaid invoices, preventing the latter from honoring its commitments to its customers and imposing a shortage on Nigeriens. If this conflict is not resolved, significant financial losses are feared on both sides, with […]

Read More

Nigerian among three Africans vying to head WTO

The Nigerian Ngozi Okonjo-Iweala gave her big speech to the 164 members of the World Trade Organization (WTO) on Wednesday 15 July in Geneva. Entering by surprise in the race for the post of Director General of the World Trade Organization, the former Nigerian minister highlighted her political and financial profile to reform an institution […]

Read More

Partial takeover of air routes in several States in Africa

In Senegal, an Algiers-Dakar flight landed on the tarmac of the Blaise-Diagne airport in the Senegalese capital. A first after four months of interruption. Many routes are still suspended because several states have not reopened their borders in the region. Guinea will gradually reopen its air borders from 17 July, President Alpha Condé announced in […]

Read More