Author: Ibrahima jr Dia

The Caisse Nationale de Crédit Agricole du Senegal (CNCAS) launched its business plan called “Synergie 2022” on Friday (April 6th). The 2018-2022 roadmap was unveiled on the sidelines of the institution’s 34th anniversary celebration. The program launched in 2017 has the major objective of strengthening the financing of the establishment of agricultural value chains in the country so that they can generate more growth points. Thus, the structure intends to diversify its banking offers (access to credit) to support agricultural projects including fishing and livestock, which can provide 50 to 60% additional added value. On this occasion, the CNCAS general…

The company Total is about to buy the shares of the capital held by British Petrolum (BP) on the gas field Turtle / Ahmeyin, located 125 kilometers off the coast between Senegal and Mauritania, said Thursday, April 05, sources of Calame. According to Calame, the Chairman and Chief Executive Officer (CEO) of the French company TOTAL, Patrick Pouyanné secretly negotiates with Mauritania and BP, the purchase of some offshore research permits on this site. Moreover, this explains the interview, held Wednesday between the Mauritanian President, Mouhamed Ould Abdel Aziz and the CEO of this structure. This acquisition would allow TOTAL…

The British oil and gas company, Sterling Energy Plc, has announced that it has terminated its financing agreement for the Chinguetti oil field, located at 70 kilometers off the Mauritanian coast, according to Monday’s January 29 site. This decision comes in a context where the company intends to validate the cessation of production and temporary suspension of wells (TWS), which must be done in the first or second quarter of 2018. It should be noted that in recent years, the company is facing a problem of financial profitability due to the productive underperformance of the Chinguetti well, which is struggling…

The Malagasy group Axian in collaboration with the oil distribution company, Jovena announced Friday, 12 January, the commissioning of two thermal power stations, with a cumulative capacity of 76 MW on the Electricity of Madagascar (EDM) network. . Indeed, the authorities inaugurated a “Noor 1” power plant with a power of 48 MW and another “Noor 2” by 28 MW. This project, which started in 2015, is in line with the Malagasy government’s energy mix policy, which aims to improve access to electricity in the country by reducing electricity production costs. On this occasion, Hassanein Hiridjee, CEO of the Axian…