France's Total said it had decided to go through with the Kaombo oil project. This could help Angola keep up oil output over the long run. The decision to invest in the ultra deep sea project is constantly put on hold, however this is important for Africa's No.2 oil producer. Kaombo illustrates both the group's capital discipline and objective to reduce capex. The company decided to build its two 115,000 barrels per day floating production storage. This could save about $2 billion and plus another $1 billion by agreeing with the government to cut the number of work hours done on the project.
Source: http://www.theafricareport.com/Central-Africa/total-goes-ahead-with-16-bln-angolan-kaombo-oil-project.html
A weekly summary of the most newsworthy events coming out of Africa as selected by the African Studies students at Maplewood Richmond Heights High School in St. Louis, Missouri.
Thursday, April 17, 2014
Tuesday, April 15, 2014
14 year old wife accused of murder

Monday, April 14, 2014
Boko Haram kills 60
60 people were killed yesterday in Boko Haram attacks in the villages of Ngoshe and Kaigamari in Borno. The attacks consisted of burning house, shops, and telecommunication masts. They threw out improvised explosive devices. The Boko Haram also attacked Maiduguri yesterday and killed over 200 people. Many residents fled the area in fear of future attacks.
http://allafrica.com/stories/201404141357.html?page=2
KINGSLEY OMONOBI AND NDAHI MARAMA WITH AGENCY REPORTS
Kenya: 20 Bank Accounts Probed Over Terror Links - Muhoro
Nairobi — Detectives have launched investigations into 20 foreign and
local bank accounts suspected to fund terrorism in Kenya. Criminal
Investigations Department Director Ndegwa Muhoro says the accounts are
being probed by the Banking Fraud Investigation Unit, which detected
suspicious transactions. Kenya has faced increased terror threats in the recent past among them
the September 2013 Westgate attack that left 67 people dead. Several
grenade attacks have taken place especially in the city's Eastleigh area
with the recent killing six people at a restaurant.
A gun attack at a Church in Likoni by suspected terrorists in March also left six people dead. Following the attacks, the government has launched a massive crackdown targeting illegal aliens and 82 Somalis have since been deported.
http://allafrica.com/stories/201404140411.html
A gun attack at a Church in Likoni by suspected terrorists in March also left six people dead. Following the attacks, the government has launched a massive crackdown targeting illegal aliens and 82 Somalis have since been deported.
http://allafrica.com/stories/201404140411.html
Peacekeepers to CAR
The united nations has finally accepted the numerous proposals to send a peacekeeping operation to the war torn state of CAR. This may be too little too late, as the Central African Republic has been swept with genocide and other atrocities committed by their own people. This is in wake of the fact that the minority Muslim population of CAR has been seemingly wiped from the face of the map in the western side of the state. This may also seem like a too little to late venture, as the forces won't be able to begin their mission for at least another six months. The help may arrive too late, but it is a start, let us hope that CAR is willing to accept, and that the violence has not spread further.
allAfrica.com
Samuel Oakford
http://allafrica.com/stories/201404141560.html
allAfrica.com
Samuel Oakford
http://allafrica.com/stories/201404141560.html
Tuesday, April 8, 2014
Tough times ahead for EA tourism as insecurity scares visitors away
East African countries face decreased growth in tourism as costly and cumbersome visa processes and insecurity turn visitors to other emerging destinations in Africa.
A new report by World Travel and Tourism Council
(WTTC) states that if the region tackles rising insecurity and lengthy
visa processes, the bloc could more than double the contribution of the
tourism sector to the GDP.
This year, Kenya and Burundi are expected to trail
behind their EA neighbours in the growth of tourism earnings and
contribution to the economy.
The WTTC projects that Uganda’s sector contribution to GDP will grow the most at 6.4 per cent; in 2013 it was Ush5,495 billion ($2.1 billion).
Tanzania follows at 4.3 per cent; in 2013,
contribution to GDP was Tsh6,899.5 billion ($4.2 billion), and Rwanda is
set to grow at 4 per cent; GDP contribution was Rwf181.5 billion
($266.9 million) in 2013.
Kenya and Burundi are set to grow at a 3.1 per
cent and 1.3 per cent respectively; last year’s GDP contribution was
Ksh462.8 billion ($5.4 billion) in Kenya and BiF182.4 billion ($118,000)
in Burundi.
Original Author: SCOLA KAMAU
Source: http://www.theeastafrican.co.ke/business/-/2560/2271804/-/5mbn38/-/index.html
Original Author: SCOLA KAMAU
Source: http://www.theeastafrican.co.ke/business/-/2560/2271804/-/5mbn38/-/index.html
Monday, April 7, 2014
Boko Haram and Nigerian Army Working together
http://allafrica.com/stories/201404070440.html
Subscribe to:
Posts (Atom)

