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Liberia: LPRC, Commerce Drop Petroleum Prices Again

 Monrovia — The Ministry of Commerce and Industry, in close consultation with the management of the Liberia Petroleum Refining Company, (LPRC) has announced that there will be reductions in the pump prices of gasoline (PMS) and fuel oil (AGO) by twelve (12) cents and fifteen (15) cents respectively, according to an LPRC release.

 
This means, the wholesale price for gasoline is US$3. 88 cents and fuel oil are US$3. 93 cents, while the pump price.... Read more »

Posted on : Thursday , 2nd October 2014

Porsche returns to Kenya to tap expanding economy

NAIROBI, Kenya (Bloomberg) -- Porsche has opened a franchise in Kenya as it seeks to take advantage of the expanding economy in the region.

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Posted on : Thursday , 2nd October 2014

Nigeria: Gas Marketers Decry Hike in LPG Price

 

 
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has decried the hike in price of Liquefied Petroleum Gas (LPG) just as it urged the federal government to stop Algasco LPG Services from increasing the price of cooking gas.
 
Mr Basil Ogbuanu, the President of NALPGAM, who made the appeal while speaking with Daily Trust on telephone yesterday, said Algasco LPG Services, the nation's biggest gas su.... Read more »

Posted on : Wednesday , 1st October 2014

Nigeria: Camac Buoyant At Local Oil Prospects

 

 
Lagos — CAMAC Energy, the United States firm, announced an updated independent assessment of the company's prospective resources for four offshore Nigeria prospects has increased the company's unrisked P50 recoverable resources from 537 million barrels of oil (MMbbl) to 2 377 MMbbl.
 
The prospects are located within Oil Mining Leases (OMLs) 120 and 121.
 
Kase Lawal, Chairman and Chi.... Read more »

Posted on : Wednesday , 1st October 2014

Africa: Nigeria, Libya Threatened As More African Countries See Oil Boom

 Nigeria could face threats of being overtaken by other producers if the World Bank's proposed African Gas Initiative in Angola, Cameroon, Congo, Gabon and Cote d'Ivoire, continues to go forward.

 
Though the African reserves are currently dominated by Nigeria, Algeria and Libya, which collectively accounted for almost 72 percent of the region's reserves in 2013, large gas finds in particularly Mozambique and Tanzania <http://www.dw.de/tanzanian-na.... Read more »

Posted on : Wednesday , 1st October 2014

Ethiopia Bestowed Top Aviation Accreditation By US

The US Federal Aviation Administration (FAA) has bestowed a Category 1 rating on the Ethiopian Civil Aviation Authority (ECAA) following several months of examinations.

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Posted on : Wednesday , 1st October 2014

Air Seychelles Launches New African Route

Air Seychelles, the national airline of the Republic of Seychelles has launched direct flights to Antananarivo, Madagascar, to add to South Africa, Tanzania and Mauritius, where it currently operate flights to.

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Posted on : Wednesday , 1st October 2014

Ethiopia's First Trams Unveiled in China

The first of 41 trams being built for the two-line network under construction in Addis Abeba was unveiled at CNR Changchun’s plant in China on August 26.

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Posted on : Wednesday , 1st October 2014

Angolan Airlines Partners Lufthansa To Boost Country-to-country Flights

State owned TAAG Angola Airlines has partnered Lufthansa in a bid to increase flights between Germany’s Frankfurt and Angola’s Luanda.

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Posted on : Wednesday , 1st October 2014

RBPlat to invest in $250.9m housing project - Phase II for its workers

South Africa’s mining company, Royal Bafokeng Platinum will, in the next five years, invest over US$250m to complete Phase two of the employee housing development scheme for its workers. The company will, during the Phase two of the project, construct 3100 housing units. The project’s approval was announced last week. The project will be undertaken in the next five years.

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Posted on : Wednesday , 1st October 2014

Two new hospitals to be built in Mozambique at US$ 30m

Two new hospitals are set to be constructed in Sofala Province, Mozambique at a cost of US$ 30m. This follows a Memorandum of Understanding signed between the Dutch, French and Mozambican governments.

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Posted on : Tuesday , 30th September 2014

US$ 5.9m upgrade of Kamembe airport in Rwanda to start November

Refurbishment and renovation of Kamembe Airport in Western Province of Rwanda, is set to start off this November. The renovations are set to help decongest the facility and accommodate big aircrafts, according to The Rwanda Civil Aviation Authority (RCAA) communications manager, Tony Barigye.

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Posted on : Tuesday , 30th September 2014



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