Year 6 | Edition 8 | 12 March 2019
 

Qatar Petroleum enters into Eni’s new exploration block in Mozambique

Qatar Petroleum has entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique.

The agreement is subject to customary regulatory approvals by the government of Mozambique. Following such approvals, the partners holding participating interest in the block will be affiliates of each of Eni (Operator) with a 34% participating interest, Empresa Nacional de Hidrocarbonetos (ENH) with a 15% participating interest, Sasol with a 25.5% participating interest, and Qatar Petroleum with a 25.5% participating...

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[Interview] Eric Acquah, Founder, AcquahMeyer Drone Tech, Ghana

Ghanaian entrepreneur, Eric Acquah, uses his experience in the Aerospace and Aviation industry to better Agriculture and farm productivity in Ghana. 

Could you introduce your company?

AcquahMeyer Drone Tech is an agricultural drone technology company founded in 2017. Plant protection products bring their challenges. Their residues on the crops often create trade-barriers towards potential buyers in foreign countries. Exposure to the products present health risks to the farmers. Toxic and chronic effects to the environment are well known and are a concern not only to environmentalists but also to...

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Winch Energy to electrify 24 villages in Sierra Leone through solar mini-grids

Winch Energy has signed a contract with the Ministry of Energy in Sierra Leone to provide electricity to 24 towns and villages in northern Sierra Leone through solar mini-grids as part of a public-private partnership project.

The Rural Renewable Energy Project (RREP) is supported by UK aid grant funding and implemented by United Nations Office for Project Services (UNOPS)...


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[Column] Flora Mutahi: Closing the gender gap in the Kenyan workplace

As the world marks International Women’s Day it is time to take stock of our strides as Kenya, towards gender parity, especially in terms of women’s economic contribution. How are our current workplaces set up to encourage more female employment and retention?

Presently, matters on women employment, equal wages, safe work environments are ideas that the corporate world is yet to fully come to terms with including unique considerations for young mothers and expectant women...

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[Kenya] Standard Chartered Bank unveils new digital banking platform providing 68 services

Standard Chartered Bank unveiled SC Mobile Digital Bank for its retail customers with enhanced features at a cost of KES 83.4 million.

The platform will now allow clients to open an account in less than 15 minutes, transact, save, borrow, invest, insure and protect their wealth online without having to visit a branch...

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[Interview] James Maina, Executive Director, Daima Trust Ltd., Kenya

James Maina, the Executive Director at Daima Trust Ltd., is a Kenyan social entrepreneur using his passion to transform and impact communities across the country. He exclusively talked to Africa Business Communities about social enterprising, as he narrates his business story.

Would you please introduce your company?

Daima Trust Ltd hereinafter referred to DTL is a social enterprise focused on four community impact objectives namely; basic human needs – where we focus primarily of street families, education – we run sensitization and empowerment project within the most marginalized and vulnerable members of the community, youth empowerment...

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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] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities 17-05-2019 | 13:09:00
Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.


Emirates mulls growing African footprint 17-05-2019 | 11:11:00
Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees potential for growth in Africa.


[Nigeria] Ebenezer Onyeagwu appointed CEO of Zenith Bank 17-05-2019 | 06:28:00
Nigeria’s multinational financial service provider Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019.


[Kenya] Capital Markets Authority licenses Jubilee Financial Services to operate as a fund manager 17-05-2019 | 06:15:00
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements.


[Uganda] KCCA flags off construction of five roads 16-05-2019 | 14:00:00
The Kampala Capital City Authority (KCCA) has flagged off a new set of roads to two international firms to start construction work.


Bank of Mauritius bags Best Central Bank for Corporate Governance, Indian Ocean 2019 Award 16-05-2019 | 12:13:00
The International Business Magazine has conferred upon the Bank of Mauritius its Award for ‘Best Central Bank for Corporate Governance Indian Ocean 2019’.


AGRA, UPL partner to increase Africa smallholder farmers’ access to yield-enhancing technologies 16-05-2019 | 10:07:50
Thousands of smallholder farmers are set to benefit from increased access to technologies that support yield increase.


Mahindra South Africa enters farming equipment business 16-05-2019 | 10:03:39
In its endeavour to establish South Africa as its home outside India, Mahindra South Africa has announced entry into its fourth business line, by introducing its range of farming equipment.


CBK and Bank of Mauritius brainstorm to deepen cooperation 16-05-2019 | 08:47:00
The Central Bank of Kenya (CBK) and the Bank of Mauritius held a brainstorming session with a view to enhancing cooperation between the two central banks.


NAS and LAM joint venture to operate airport lounges across Mozambique 16-05-2019 | 08:29:00
National Aviation Services (NAS), has announced a joint venture (JV) agreement with Linhas Aéreas de Moçambique (LAM), the Mozambique flag carrier, to provide management services of the Flamingo lounges in Mozambique.


Société Pétrolière expands liquefied petroleum gas business in Rwanda 16-05-2019 | 07:22:00
Société Pétrolière Ltd,SP, the East Africa mid and downstream oil company, has installed eight Liquified Petroleum Gas storage and cylinder filling plants across Rwanda.


BBOXX and Victron Energy to deliver pay-as-you-go solar solutions in DR Congo 16-05-2019 | 07:19:00
BBOXX, a provider of off-grid solar home solutions for rural communities in Africa has entered into an agreement with Victron Energy to provide solar solutions to households across Democratic Republic of Congo.


[South Africa] Trade Minister gazettes the draft B-BBEE Chartered Accountancy Sector Code 16-05-2019 | 06:39:00
Members of the public have until 23 June 2019 to make inputs and comments on the Draft Broad-Based Black Economic Empowerment (B-BBEE) Chartered Accountancy Sector Code.


IFC, SECO partner to address water scarcity in South Africa 16-05-2019 | 06:17:00
IFC, a member of the World Bank Group and Switzerland’s State Secretariat for Economic Affairs (SECO), launched a program aimed at addressing water scarcity in South Africa’s agribusiness sector.


Capital Markets Authority licenses AFG Wealth Kenya as an investment adviser 15-05-2019 | 13:15:00
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to AFG Wealth Kenya Limited to operate as Investment Adviser in Kenya bringing the number of investment advisers to 15.


 


 
 
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