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

One million euros climate change project set for launching in Uganda 24-04-2019 | 13:55:43
A 1.07 million euros climate change project aimed at building resilience of agriculture landscapes in Eastern Uganda, is set to be launched in June following the completion of preparatory activities.


Skyway Aviation Handling Company lists on Nigerian Stock Exchange main board 24-04-2019 | 13:52:00
Skyway Aviation Handling Company Plc has listed 1,353,580,000 ordinary shares at The Nigerian Stock Exchange Main Board.


Air Mauritius receives new airbus aircraft from Air Lease Corporation 24-04-2019 | 11:45:48
Air Lease Corporation has announced the delivery of one new Airbus A330-900neo aircraft on long-term lease to Air Mauritius.


Andersen Global grows African foothold by partnering with Mulenga Mundashi Kasonde Legal Practitioners in Zambia 24-04-2019 | 08:42:58
Andersen Global has signed a collaboration agreement with Mulenga Mundashi Kasonde Legal Practitioners, MMKLP, a law firm in Zambia.


Ethiopian Airlines set to launch three weekly flights to Marseille 24-04-2019 | 06:47:00
Ethiopian Airlines says it has finalized all preparations to launch a thrice weekly flight to Marseille, France as of July 02, 2019.


Mauritius makes gains in bridging income inequalities among workers, report 24-04-2019 | 06:44:00
Lower-paid workers in Mauritius are to some extent catching up to their higher-paid counterparts over time, according to a new World Bank report.


Hyatt Hotels opens new property in Algeria 24-04-2019 | 06:36:00
Hyatt Hotels Corporation has opened the first Hyatt hotel in Algeria, Hyatt Regency Algiers Airport.


[Nigeria] NNPC to partner Red Cross Society on disaster management 23-04-2019 | 13:31:00
The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to partner with the Nigerian Red Cross Society towards developing the capacity of the corporation’s staff on disaster management.


NAS Uganda launches eco-friendly vehicles at Entebbe International Airport 23-04-2019 | 11:42:00
National Aviation Services (NAS) Uganda has joined the Civil Aviation Authority’s efforts to combat climate change and reduce greenhouse gas emissions by introducing electric forklifts and tractors into its operations.


African Legal Support Facility supports $200 million energy plant in Rwanda 23-04-2019 | 11:07:40
The African Legal Support Facility has provided advisory services support to the Government of Rwanda for the negotiation of its deal with Symbion Power to develop a $200-million-dollar energy plant in Rwanda.


KawiSafi raises $70 million from Acumen to invest in energy projects in East Africa 23-04-2019 | 10:40:00
Acumen, a non-profit organisation that invests philanthropic capital in companies and leaders tackling poverty, has announced an approximately $70m close of the for-profit fund, KawiSafi Ventures.


Sahara Group advocates for intra Africa solution for petroleum sector challenges 23-04-2019 | 10:32:00
Executive Director, Sahara Group, Wale Ajibade, has said collaboration between players in the oil sector would enhance the contribution of intra-Africa led solutions to addressing the sector’s trade.


[Egypt] NOMP, EGAS ink cooperation protocol to manufacture smart gas meters 23-04-2019 | 10:19:00
National Organization for Military Production (NOMP) and Egyptian Natural Gas Holding Company (EGAS) have partnered in the field of producing prepayment smart gas meters.


[South Africa] Mr Price to become first retailer to list on A2X 23-04-2019 | 10:19:00
Mr Price Group has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 2 May 2019.


[South Africa] Centbee raises £1 million from Ayre Ventures 23-04-2019 | 08:18:00
South African-based Bitcoin company, Centbee, has closed its Series A round with entrepreneur Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek.


 


 
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