Year 6 | Edition 4 | 8 February 2019
 
Total announces new gas discovery in South Africa, launches petroleum province

Oil and gas exploration company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa.

The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs. Following the success of the main objective, the well was deepened to a final depth of 3,633 meters and has also been successful in the Brulpadda-deep prospect...

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[Column] Donna Rachelson: The future of women in the workplace in South Africa

If companies continue to hire and promote women at current rates, the number of women in management will increase by just one percentage point over the next ten years, according to recent research published by McKinsey in the USA.

But if companies start hiring and promoting women and men to manage  at equal rates over the next ten years, parity in management will be close - 48 percent women versus 52 percent men...

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[Interview] Hayat Essakkati, Director, Maroc4Invest, Morocco
Hayat Essakkati is a Dutch/Moroccan entrepreneur and Director of Maroc4Invest, a company that secures foreign investors a smooth and efficient entry into the Moroccan market.

Could you introduce your company?

Maroc4Invest was founded in 2015, and assists global players (investors, NGOs, international organizations) with every single step of starting-up and running their operations in Morocco...

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Mariott International set to launch hotels in Morocco, Ghana and Liberia
International hospitality company Marriott International has announced three new deal signings across North and West Africa, reinforcing the company’s commitment to expanding its presence across the continent. The new deal signings highlight the company’s growth in Morocco and Ghana, while marking its debut in Liberia...

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[Column] Phyllis Wakiaga: Kenya’s tax policies must be built to nurture and expand businesses

Taxation is a key element in cost of doing business and hence should be designed to optimize growth of industry and increase overall competitiveness.

Ideally, favourable tax policies should be useful in predicting aspects of business for instance, output fluctuations throughout the business year. Consequently investors can plan their expansions and long-term investments, thereby increasing revenue to the country...

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[Interview] Seth Mundhe, Founder, Ejenzi Africa, Kenya
After years of experience working in the construction industry, Seth Mundhe identified a need in the market and set up an online marketplace to satisfy it.

Could you introduce your company?

I started Ejenzi as a privately-funded company in 2017. It is an online marketplace that enables users to buy and sell construction materials. We are based in Nairobi, Kenya, our offices are at Branton Court, Ndemi Lane along Ngong Rd. Our target market is individuals who are building or renovating their homes, contractors and building material vendors/suppliers...

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African CEO's wanted for interviews!
Africa Business Communities is conducting a series of interviews with African CEO's and CEO's of companies doing business in Africa...

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News Headlines

Tunisia private airline Jasmin Airways strengthens operations with acquisition of new aircraft 19-07-2019 | 13:15:00
Private Tunisian airline, Jasmin Airways, having made its first flight last month to Sarajevo in Bosnia-Herzegovina is looking at strengthening its hand with its third aircraft being delivered this month.


Fenix reaches 500,000 customers in 6 African markets, announces new leadership team 19-07-2019 | 09:27:00
Fenix International has appointed co-founder and current COO Brian Warshawsky to the role of CEO to drive the next phase of the company’s ambitious growth plans.


PepsiCo to acquire Pioneer Foods growing African foothold 19-07-2019 | 09:24:00
PepsiCo, Inc. has announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd.


Afreximbank appoints Idrissa Diop Compliance Director 19-07-2019 | 06:23:00
The African Export-Import Bank (Afreximbank) has appointed Idrissa Diop, formerly of Ecobank Transnational Inc., as its new Director of Compliance.


European Investment Bank and FMO sign up to renewAfrica covenant 19-07-2019 | 06:20:00
The European Investment Bank (EIB) and FMO adhere to the “renewAfrica” initiative, which intends to facilitate and improve financing for renewable energy projects in Africa.


[Kenya] Credit Bank receives $8 million facility from AfDB for SMEs lending 19-07-2019 | 06:05:00
The Board of Directors of the African Development Bank Group has approved a $8 million-targeted financing to Kenya's Credit Bank for lending exclusively to small and medium enterprises.


[Mozambique] Sasol, government collaborate to create jobs 18-07-2019 | 15:11:00
Sasol has reaffirmed its partnership with the Government of Mozambique to deliver on its socio-economic development strategy focusing on the creation of self-employment opportunities for locals.


[South Africa] Building the AfCFTA, making trade promotion efforts crucial to economic growth, Trade Minister 18-07-2019 | 14:03:00
The South Africa Minister for Trade and Industry says building the AfCFTA and making South Africa’s trade promotion efforts more effective and strategic, was very crucial to economic growth in the country and the African continent in general.


Ford South Africa to create 1 200 jobs at its Silverton Plant in Pretoria, Gauteng 18-07-2019 | 13:39:00
The South Africa Minister for Trade and Industry, Mr Ebrahim Patel, has welcomed the announcement by Ford South Africa that it will be creating 1 200 jobs at its Silverton Plant in Pretoria, Gauteng.


[Egypt] WFP celebrates long-standing partnership with the European Union 18-07-2019 | 13:07:06
The United Nations World Food Programme (WFP) and the European Union (EU) celebrated their five-year-long partnership in Egypt during which they have assisted more than 2.3 million people in collaboration with the Egyptian Government.


Olatowun Candide-Johnson appointed Chairwoman of French startup kwik 18-07-2019 | 07:28:00
The French startup kwik has announced today that Olatowun Candide-Johnson, a Nigerian lawyer and businesswoman, has officially been appointed Chairwoman of its supervisory board.


Trane appoints JMG Limited as new distributor in Nigeria for residential and light commercial products 18-07-2019 | 07:18:00
Trane, a global provider of indoor comfort systems, has entered into a new distribution agreement with JMG Limited in Nigeria that will significantly expand and strengthen the distribution capacity of Trane in Nigeria.


Qatar Airways to introduce three weekly direct flights to Gaborone Botswana 18-07-2019 | 07:07:00
Qatar Airways will be launching its new service to Gaborone, Botswana, from October 27, 2019. It will be the airline's first destination in the African country.


DHL partners with Teach for Uganda to create jobs for youth 18-07-2019 | 07:00:34
DHL Express has launched a partnership with Teach For Uganda, to eradicate education inequity and promote educational opportunities for young people in Uganda.


Air Seychelles set to launch weekly direct flights to Tel Aviv 17-07-2019 | 06:36:17
Air Seychelles has announced the commencement of a new service linking the Seychelles and Israel’s largest metropolitan area, Tel Aviv effective 27 November, 2019.


 


 
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