Africa news

Bujumbura - The Vice-President of the Republic of China, Li Younchao, is in Burundi for a two-day visit. At his arrival to the International Airport of Bujumbura late on Wednesday evening, Li was received by the Burundian Vice-President, Gaston Sindimwo, and the Foreign Affairs Minister, Alain Aimé Nyamitwe.

In a report during the week of Oct. 24 detailing sub-Saharan Africa's dire economic outlook, the International Monetary Fund (IMF) singled out Senegal as a rare bright spot. One key reason: it does not produce oil.

Until recently, successful E&P work offshore Mauritania and Senegal has lagged. Today, however, BP Plc (NYSE: BP) and Kosmos Energy Ltd. are working together to develop resources in the region, including the deepwater Tortue Field estimated to hold more than 15 trillion cubic feet (Tcf) of gas.

Buliisa — The baseline survey for the East African Crude Oil Pipeline (EACOP) to establish the routes of the flow lines from oil pads to the Central Processing Facility (CPF) in Buliisa District is underway.

Trade between Poland and Ethiopia has the potential to be much higher and should be increased, the presidents of the two countries said in Addis Ababa on Monday.

In Angola, steady growth prospects follow liberalization and diversification

BMI Research reports that mining in West Africa in Côte d'Ivoire and Mali will experience the fastest mining industry value growth rates across Sub-Saharan Africa.

Saudi Arabia’s Energy Minister, Khalid Al-Falih, said on Monday that oil markets were rebalancing after years of oversupply.

Libyan oil production has now topped 760,000 barrels – the highest level since December 2014, according to the country’s National Oil Corporation (NOC), which made the announcement on Monday, Mining Weekly reported.