Nigeria’s state oil firm NNPC has extended its crude-for-product swap contracts, the country’s main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said. Despite having a refining capacity of about 445,000 barrels per day, its plants have been underperforming for years, making Africa’s biggest oil producer…
Sub-Saharan Africa’s economic recovery will progress slowly into next year, as the continent’s biggest drivers struggle to move into higher gear despite a healthier global economy, a Reuters poll found on Friday. A dairy worker helps to process youghurt milk at the L & Z milk processing factory in Nigeria’s northern city of Kano January…
The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multi-billion dollar Inga 3 hydropower plant. The government signed an accord with Chinese and Spanish consortia this week to advance the 11,000-megawatt facility, the first time it’s formally appointed entities to draw…
At least five oil consortiums said they were considering a proposal from the state-run Nigeria National Petroleum Corp. to prolong a crude-for-fuels swap program until the middle of next year, people familiar with the matter said. Extending the swap would allow the West African country to ensure a vital, steady inflow of products like gasoline…
Tanzania recently awarded a $1.92 billion contract to Turkish firm, Yapi Merkezi, to design and construct a 422-km (262-mile) high-speed electric railway line which is part of a major 2,561 km network project that will connect the east of the country to the north. However, the government has involved the military in the construction of…
Tanzania recently awarded a $1.92 billion contract to Turkish firm, Yapi Merkezi, to design and construct a 422-km (262-mile) high-speed electric railway line which is part of a major 2,561 km network project that will connect the east of the country to the north. However, the government has involved the military in the construction of…
The Japanese company Tohoku Electric said on Monday it has signed a sales and purchase agreement to buy up to 280,000 metric tonnes a year of liquefied natural gas (LNG) a year from Mozambique. The gas will come from the LNG project developed by the consortium headed by the US company Anadarko in the northern…
The Japanese company Tohoku Electric said on Monday it has signed a sales and purchase agreement to buy up to 280,000 metric tonnes a year of liquefied natural gas (LNG) a year from Mozambique. The gas will come from the LNG project developed by the consortium headed by the US company Anadarko in the northern…
The Government of Tanzania has set aside US $13.4m for the construction of the modern Sumbawanga Airport in Rukwa Region, and is set to kick off with immediate effect. Regional Tanroads Engineer, Eng. Masuka Mkina confirmed the reports and said that affected residents, 97 in total have already been compensated and issued a one month notice to…
The Government of Tanzania has set aside US $13.4m for the construction of the modern Sumbawanga Airport in Rukwa Region, and is set to kick off with immediate effect. Regional Tanroads Engineer, Eng. Masuka Mkina confirmed the reports and said that affected residents, 97 in total have already been compensated and issued a one month notice to…