Blog

The Pan-African Economy in Brief: Monday, September 20, 2021

Nigeria :

Muhammadu Buhari orders NNPC to be incorporated as a joint stock company:

On September 19, Nigeria's president, Muhammadu Buhari, ordered that the process of incorporating the state-owned oil company (NNPC) as a joint stock company be started immediately. This is in line with the Petroleum Industry Bill (PIB), the new petroleum code enacted last month.

Egypt:

The delivery contract for 1,300 rail vehicles is entering its second phase:

The official inauguration of 14 passenger railcars by Egyptian President Abdel Fattah al-Sissi, who was on an inspection visit to the port of Alexandria on Wednesday, September 15, was a major event in the country's railways. The air-conditioned, third-class rail units are the first of 500 of this model included in an order for 1,300 cars to be delivered to the Egyptian National Railways Authority (ENR).

Cameroun :

Camrail strengthens the supply chain of hydrocarbons in Cameroon:

CAMRAIL is responsible for supplying hydrocarbons to the main oil depots in Cameroon. Thanks to the investments made and the "ExOp Africa" programme, in July 2021, the company achieved a record evacuation of 80,000 m3 of diesel, super and jet fuel. With the help of private Cameroonian operators, CAMRAIL received 38 new tanker wagons between 2020 and 2021. These investments have enabled the company to strengthen the fleet of equipment dedicated to the transport of hydrocarbons.

Morocco :

Wheat imports will decline in 2021/2022:

After two successive years of increases, Morocco's purchases of wheat (soft and hard) on the international market will be more moderate in 2021/2022. According to the latest report of the United States Department of Agriculture (USDA), the Cherifian Kingdom should indeed import 4.5 million tons of the cereal during the said campaign which ends next June.