NAMIBIA :

The government authorizes Eco Atlantic to drill on the PEL 30 offshore oil permit: "In Namibia, the oil exploration company Eco Atlantic Oil & Gas has received a Government authorization to drill on the PEL 30 offshore exploration license, also known as the Cooper Block. This authorization comes after the company listed on AIM published an environmental certification notice on the project in November 2017. Eco Atlantic is mainly targeting the Osprey structure located at a water depth of approximately 500 m and which could contain 882 million barrels of oil equivalent. It is a prospect essentially oil-based..."

NIGERIA:

Disagreements over the minimum wage in the oil sector are paralyzing the industry: "In Nigeria, the main unions in the oil sector have just launched an unlimited strike as part of a dispute over the minimum wage. The decision by the workers' unions follows yet another failed negotiation with the government, reports Reuters. Indeed, workers want the monthly minimum wage to be raised to About 50,000 naira or 164 dollars against 18,000 naira currently. They are based, in fact, on President Buhari's promise that the minimum wage in the oil sector will be increased as soon as oil prices rise..."

IVORY COAST:

The 2019 budget (provisional) up by 8.6%, at the end of the Council of Ministers on Wednesday, September 26, the Ivorian government adopted a draft budget for 2019. This budget is raised to CFAF 7334.3 billion. Despite some macroeconomic difficulties experienced in 2017, President Alassane Ouattara has not given up his ambition to make Ivory Coast an emerging country by 2020. To this end, the draft Finance Bill for the 2019 budget was adopted at the Council of Ministers on Wednesday. This budget, if definitively adopted as it stands, will see a slight increase over last year..."

Taxation of the informal and mining sectors at the heart of a regional meeting in Abidjan: "The 14th General Assembly of the Forum of West African Tax Administrations (FAFOA) opened on Thursday, in Abidjan, on the theme "Mobilization of Domestic Resources in West Africa: Taxation of the informal and mining sectors", said APA on the spot. It is to "strengthen our cooperation in tax matters so that the disparities between our practices and legal frameworks do not offer malicious operators opportunities to circumvent our laws and evade their tax obligations," said Sié Abou Ouattara, Director General of Taxation of the Ivory Coast..."

ANGOLA:

The AfDB supplies the Angolan Investment Bank (BAI): "The African Development Bank (AfDB) will provide the Angolan Investment Bank (BAI) with 100 million USD to finance various projects. The announcement was made by the Resident Representative of the Pan-African Financial Institution in Angola, Joseph Martial Ribeiro, on Wednesday, September 26, in Luanda. This amount is part of the $700 million that the AfDB is allocating to the Angolan economy, of which $520 million has a direct impact on the private sector. In addition, the financial institution is studying the possibility of two other Angolan banks for a new line for small and medium-sized enterprises..."