[Congo] PetroNor undertakes cost-saving measures to address price sensitivity in low oil price environment
PetroNor E&P is undertaking cost-saving measures to address price sensitivity of operations in the current low oil price environment.
Gilat Telecom and SES have announced that they have restored internet connectivity in the Democratic Republic of Congo (DRC) just four days after the West Africa Cable System (WACS) undersea cable cut.
Zenith Energy announces that it has reached an agreement to provide a secured loan facility to Anglo African Oil & Gas (AAOG) for a total amount of £250,000.
The World Bank Group has endorsed a new five-year Country Partnership Framework to support Republic of Congo’s development objectives for 2020-2025.
Talia Limited, a communications solutions provider has announced the successful completion of beta testing of its Ka-band High Throughput Satellites (HTS) services in additional African countries.
Anglo African Oil & Gas (AAOG), has entered into a rig option agreement to source for a drilling rig for a well at its Tilapia field offshore the Republic of the Congo, in which the Company has a 56 per cent interest.
Parallel Wireless has announced that Vodafone has deployed a macro Parallel Wireless OpenRAN pilot in the Democratic Republic of the Congo (DRC).
The European Commission has announced €34.275 million in humanitarian funding to help the most vulnerable people in the Great Lakes region in Africa.
Turkish Airlines has added Republic of Congo’s second biggest city, Pointe-Noire to its flight network as its 58th destination in Africa.
The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states.
Russian oil and gas company Lukoil has concluded an agreement with New Age M12 Holdings to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash.
Russia and Congo have signed the intergovernmental agreement of the cooperation in the peaceful uses of atomic energy.
The African Export-Import Bank is interested in participating in the syndicated facility for the construction of the bridge between Brazzaville and Kinshasa to link the two Congos.
Leading digital money transfer service WorldRemit continues its rapid expansion in Africa, launching low-cost bank transfers to all banks in Congo-Brazzaville.
Paratus Africa has announced that it has activated additional capacity between West Africa Undersea Cable System (WACS) and Lusaka, Zambia.
Anglo African Oil & Gas has provided an update on the repayment of funds owed to it by SNPC, a Congolese national oil company, in regards to SNPC's 44% holding in the Tilapia Licence.
Africa50 has signed a Memorandum of Understanding with the government of the Republic of Congo to structure and mobilize financing for the expansion of one of its gas-fired power plants.
The US and Republic of Congo have signed a new open skies air transport agreement which seeks to strengthen the civil aviation partnership between the two countries.
On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.
Greenpeace Africa has blown the whistle on the Republic of Congo's most recent greenwashing campaign by exposing its plans to tender three oil blocks in the heart of newly-discovered peatlands.
“Financing industrialization is not only about chasing money,” Antonio Pedro, Director of the ECA Subregional Office for Central Africa has said.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
The Voice of America has officially opened its newest FM radio station in the Republic of Congo.
GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a partnership to strengthen the remittances ecosystem in CEMAC region.
The Government of the Republic of Congo and the UN Economic Commission for Africa (ECA) have laid the foundations for the formulation of Congo Vision 2047, the country’s long-term framework to build a prosperous and peaceful nation.
African Palm Corp. has signed an agreement with representatives of Ngalipomi, a local group from the Congo giving the company access to an additional three million hectares of palm trees in West Africa.
Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached $740 in 2016, double the figure ten years earlier.
UNECA launches campaign to have Central African states operationalize preferential tariff to ease trade
The United Nations Economic Commission for Africa is launching a campaign to have all countries of the Economic Community of Central African States operationalize the ECCAS Preferential Tariff one of the instruments for easing trade in the zone.
Despite daunting challenges, several economies in Sub-Saharan Africa are making progress in enacting laws that promote equality between men and women, says the World Bank Group’s Women, Business and the Law 2018 report.
Senior officials from the Government and the national commission on land reform along with the national alliance of traditional authorities have pledged to promote the integration of land governance.
The electronic investment platform, the iGuide, developed by the Economic Commission for Africa (ECA) in collaboration with UNCTAD, has been unveiled by the Investment Promotion Agency (API) of the Republic of the Congo in Brazzaville.
Canadian gold mining company Banro Corporation has resumed mining operations at Namoya mine, as a result of the reestablishment of the road access to the mine.
Armadale, the AIM quoted investment company focused on natural resource projects in Africa has entered into an agreement with Weghsteen Capital Advice SA to sell its interest in the Mpokoto Gold Project in the Democratic Republic of Congo.
The Dangote Group of Nigeria, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville.
Smile Communications and MediaTek have teamed up to bring the latest VoLTE smartphones to customers in Nigeria, Uganda, Tanzania and the Democratic Republic of Congo (DRC).
Africa’s largest cement Company, Dangote Cement Plc has added fillip to the on-going efforts at economic emancipation of Africa by formally opening its 1.5mtpa capacity cement plant in Mfila, Congo Brazzaville,
Cargolux Airlines is set to introduce two new destinations in Africa, Douala in Cameroon and Lubumbashi in the Democratic Republic of Congo (DRC). Services to Lubumbashi will begin on 15 September while Douala is served as of 3 October.
International Container Terminal Services Inc. (ICTSI) and the leading dredging contractor Dredging International have signed a Memorandum of Understanding (MOU) to co-operate in the further deepening of the Congo River.
Rwanda and Congo Brazzaville have signed an agreement establishing a framework under which the two countries can cooperate in various areas of interest.
Partnership Africa Canada has announced the Just Gold project has successfully implemented a system to trace legal and conflict-free artisanal gold in the Democratic Republic of Congo.
Africa’s leading freight logistics chain Transnet has been on an expansion binge and is expected to set up shop in eight more African countries including Kenya, Liberia, Ghana, Nigeria, DR Congo, Senegal, Togo and Benin.
GE Announces Clarke Energy as Jenbacher Gas Engines Distributor for an Additional Six Countries in Africa
GE’s Distributed Power has announced that it has recently signed an agreement with Clarke Energy to serve as GE’s distributor of Jenbacher gas engines for six additional countries in Africa, including Cote d’Ivoire, Democratic Republic of Congo, Ghana, Kenya, Morocco and Rwanda.
Ministers from nine African nations (Morocco, Angola, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Gabon, the Republic of the Congo and Rwanda) have today gathered in Oyo at the invitation of the President of the Republic of the Congo to sign a Memorandum of Understanding on the creation of the Congo Basin Blue Fund.
Infrastructure Project Preparation Facility approves $3.88 million to DRC, Mozambique and Zambia for power projects
The NEPAD-IPPF (Infrastructure Project Preparation Facility) has approved $3.88 million in grants to the Governments of the Democratic Republic of Congo (DRC), Mozambique and Zambia to finance completion of regional projects preparations.