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

Kenya launches green bonds market in product diversification plan 20-02-2019 | 09:00:00
As part of the strategy of diversifying products in the Kenyan capital markets, the frameworks to issue listed and unlisted green bonds have launched.

IFAD, Egypt sign $81 million deal to promote resilience in desert environments 20-02-2019 | 06:52:00
IFAD and Egypt have signed a financing agreement to reduce poverty and enhance food and nutrition security for 450,000 rural people in the Matrouh Governorate.

Libya government partners with World Bank to accelerate economic recovery 20-02-2019 | 06:49:00
The World Bank Group has announced a new strategy of support for Libya focused on restoring key services to citizens and promoting economic recovery as a critical contribution to the ongoing peace process.

Protiviti grows global foothold with new South Africa partnership 20-02-2019 | 06:46:02
To further address the needs of its clients, global consulting firm Protiviti has expanded its Member Firm network to South Africa to add SekelaXabiso CA Incorporated (SkX) as its newest member firm.

[Tanzania] Armadale signs offtake agreement with Matrass for the Mahenge Liandu Graphite project 20-02-2019 | 06:42:31
Armadale has signed an MOU for a proposed offtake agreement with the Matrass Group for high quality graphite products produced at the Company’s Mahenge Liandu Graphite Project in Tanzania.

[Côte d'Ivoire] IFC develops guide to increase market access for processed cashew nuts 19-02-2019 | 07:39:16
IFC, in partnership with the Government of Côte d'Ivoire and Canada, and the Cotton and Cashew Council announced the publication of a guide to improve market access for SMEs in the cashew processing sector in Côte d'Ivoire.

South African Airways settles Comair dispute 19-02-2019 | 07:33:10
South African Airways (SAA) has reached a settlement with Comair following a protracted legal battle, saying it paves the way for the airline to reach financial sustainability.

Innova to open $40 million plant in Kenya to build green affordable homes 19-02-2019 | 07:24:00
Innova Eco Building System has entered into a joint venture agreement to build a $40 million manufacturing plant bringing its green building technology to Mwale Medical and Technology City.

Telkom Kenya revises data packages targeting millenials 18-02-2019 | 13:08:00
Kenya’s telecommunication company Telkom has reviewed its flagship Combo bundle dubbed “Mzito” giving subscribers data, minutes and free night data.

Handa Mining Corporation signs joint venture agreement to develop copper processing plant in South Africa 18-02-2019 | 13:06:13
Handa Mining Corporation has signed a joint venture agreement with O’Okiep Copper Company and SHIP Copper company to fund and build a processing plant in South Africa.

SDX Energy expands presence in Morocco 18-02-2019 | 10:09:12
SDX Energy Inc. has announced that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.

[Nigeria] Shell, partners sign 300 million cubic feet gas FID 18-02-2019 | 10:07:00
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision agreement for a 300 million cubic feet of gas on Wednesday in Abuja.

[Angola] Seadrill establishes new joint venture with Sonangol 18-02-2019 | 10:04:37
Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.

Nigeria, India pledge deeper collaboration on Energy Sector 18-02-2019 | 09:46:00
Nigeria and the Republic of India have pledged to work more closely to enhance energy security of both countries.

Eni granted two exploration blocks onshore Egypt 18-02-2019 | 09:38:00
Egyptian authorities have granted Eni two exploration blocks onshore Egypt, the first block assigned within the EGPC 2018 competitive bid round


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