Somalia and Djibouti on telecommunication cooperation

(HornTrade) – The telecommunication ministers of Somalia and Djibouti have met to discuss the strengthening of ties between the two nations in the telecommunication sector.

Min. Abdi Ashur Hassan of Somalia and Abdi Youssouf Sougueh have met in Djibouti city over the course of four days to seriously explore the prospect of adding additional submarine optical cable connection to Somalia in the wake of the three-week internet outage in July. 11 of 18 Somali regions, including the capital were without internet after an anchor from a Swiss-owned, Panama-flagged MSC Alice dragged its anchor through the single fibre cable that provides internet to the Horn of Africa nation.

Min. Hassan stressed that Somalia desperately needs to strengthen its internet capability if it wants to smoothen the path to economic recovery. Djibouti, the minister hopes, can provide the solution to Somalia’s internet woes.

“To act proactively we need to move forward with the discussions of another cable. And Djibouti is a good partner in this regard because eight submarine fiber optic cables land in Djibouti,”

The Somali government estimated that the country lost USD$10 million a day to during the outage.

The following are the major points of the joint statement:

1. Recalling the submarine cable cut near Mogadishu landing station that severed international connectivity to a large geographic area in Somalia, the two ministries recognize the need for at least an additional submarine optical cable connection to Somalia. The two ministries agreed in principle to renew and move forward with the discussions Somali and Djibouti governments and Somali telecommunication carriers and Djibouti Telecom on the Djibouti African Regional Express (DARE) cable, which will connect Djibouti and Mombasa with many landing stations in Somalia.

2. The ministries agreed to promote and strengthen the cooperation between the ministries in a number of areas, such as regional interconnectivity, terrestrial optical fiber, cyber security, ICT regulations, cross border signals issues, spectrum management, and numbering plan, etc.

3. The ministers agreed to convene a meeting between the officials of the two governments; Somalia carriers and Djibouti Telecom in the near future.

Source: SUNATIMES

Ethiopia looking at 50 percent import needs via Port Sudan

Ethiopian Prime Minister Hailemariam Desalegn who is in neighboring nation Sudan for a three-day official state visit has revealed his country’s interest to use Port Sudan for 50 percent of Ethiopia’s import needs.

The premier also indicated that preparatory works are being done between the two countries toward that regard.

Desalegn, who held discussion with Sudanese President Omar Hassan al-Bashir on ways of strengthening ties between the two neighboring countries, indicated that Port Sudan is geographically convenient for Ethiopia’s northern region.

Djibouti presently handles about 95 percent of landlocked Ethiopia’s export-import trade. The horn of African country also hopes the newly inaugurated 690 hectares Doraleh Multipurpose Port, a 590 million U.S. dollars turnkey project contracted by China State Construction Engineering Corporation, to leverage Ethiopia’s ever increasing import-export demand.

With Ethiopia’s population nearing 100 million people, and the economy growing at 11 percent annually, the desire to use the two ports has been considered by the Ethiopian government for some time.

Ethiopia and Sudan have also signed various cooperation agreements earlier this year with an aim to promote economic relations and strengthen overall ties among the two countries. (Source Xinhua)

Oyster Oil & Gas (V.OY) commences onshore geophysical survey in Djibouti

(HornTrade) – Oyster Oil & Gas Ltd. has commenced an onshore geophysical survey in the Republic of Djibouti. The survey is a regional geophysical program covering some 450 kilometres located in the onshore Blocks one, two and four.

Oyster operates four blocks onshore and offshore in the Republic of Djibouti, which cover some 3.5 million acres.According to the Oyster Oil & Gas Ltd., the company has contracted the Centre d’Etude et de Recherche de Djibouti (CERD) and Imagir of France to undertake the acquisition and processing of magnetotelluric and gravity survey data.

Oyster anticipates that the acquisition and processing will be completed by end of 2013.

“We have been encouraged by our geological and geophysical work in Djibouti and have identified potentially good quality oil source rocks and also good reservoir potential,” said Dr. Phil Roach, Exploration Consultant. “This geophysical survey will help to provide a regional understanding of the deposition and sedimentary basins in Djibouti. This is one of the largest of this type of survey in the region and we hope it will greatly assist in our understanding of the hydrocarbon systems and allow us to unlock the potential in Djibouti.”

Oyster is an oil and gas exploration company with a focus on eastern Africa.

On Wednesday, Oyster was up 2.0% and was trading at $0.51 a share. The company had a market cap of $13.3 million, based on 26.1 million shares outstanding.

Source: stockhouse.com

More Oil at Somali Well

(HornTrade) – Horn Petroleum has encountered further oil at its Shabeel-1 well that it is currently drilling in Puntland, Somalia, according to stock exchange announcements made in London on Monday from Horn’s partners Range Resources and Red Emperor Resources. Read the rest of this entry »

Djibouti: Prominence Among African Ports

(HornTrade) -  A LARGE investment programme worth $4,3bn is being undertaken by the Djibouti Ports and Free Zones Authority (DPFA) to expand its operations and support the growing economy of its larger landlocked neighbour and main customer, Ethiopia. The plan is to add five ports to a sprawling complex incorporating a new free trade zone, the authority’s chairman, Aboubaker Omar Hadi, said in an interview last week. Read the rest of this entry »

Djibouti: Maritime Renewed Ambition

(HornTrade) – With five new terminals dedicated to oil, gas, salt, livestock and potash, the port of Djibouti will take a new dimension by 2017.

“It’s confirmed,” said Omar Hadi Aboubaker. The president of the Ports Authority and the Djibouti free zone can be satisfied: the government has officially launched the project to build the ore terminal Tadjourah, located across the Gulf of the same name, opposite the capital. The Port Authority must specify the company supervisor before the end of the month, the first sod is expected in early June.
Read the rest of this entry »

Somaliland: Mindesta to Earn Interest in Third Exploration Permit

(Horntrade) – Mindesta Inc. wishes to announce that it now has an option to earn an interest in a third exploration permit in the Republic of Somaliland. Mindesta is already earning up to an 80 per cent interest in, and can ultimately acquire 100% of, the first two mineral exploration permits issued by the Republic of Somaliland under an existing Option Agreement with Nubian Gold Corporation (“Nubian”). Nubian was recently awarded a third permit, Abdul Qadir, which is approximately 2,000km2 in size and is located in the northeast part of Somaliland adjacent to the borders with Djibouti and Ethiopia. Abdul Qadir is automatically included in Read the rest of this entry »

South Sudan: Ethiopia, Djibouti Delegations in Juba for Pipeline Construction Strategy

(HornTrade) – A high level delegation from both the neighboring State of the Republic of Ethiopia and Djibouti arrived in Juba Wednesay to attend a technical framework for the construction of South Sudan oil pipelines through the two countries.

The delegation is composed of the State Ministers and permanent secretaries from the two countries. Read the rest of this entry »

New East Africa cable live in April

(HornTrade) – Following the recent broadband cable cut that affected much of East Africa’s connectivity, the new Lower Indian Ocean Network (LION2) is set to go live and active on 14 April, 2012. Read the rest of this entry »

Stratex International reveals high gold grades in Djibouti

(HornTrade) – Stratex International (LON:STI) today unveiled what it describes as an impressive gold discovery in Djibouti, East Africa.

The first set of assays from a sampling programme at the Pandora vein on the Oklila licence revealed high gold grades, reaching up to 27.1 grams per tonne (g/t).

“Having just returned from the field in Djibouti, I must say that the Pandora structure is an impressive discovery,” said executive director David Hall.

Oklila is part of Stratex’ Afar portfolio which is being explored alongside Thani Ashanti – a venture between the one of the world’s largest gold miners AngloGold Ashanti and Dubai based Thani Investments. Read the rest of this entry »