Year 6 | Edition 12 | 12 April 2019
 
Africa Oil acquires additional shares of Eco Oil

Africa Oilannounced that it has acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas ("Eco") (TSXV:EOG or LSE:ECO) for US$1.05 per common share for a total consideration of US$4,999,998.

The common shares were acquired by Africa Oil on a non-brokered private placement basis and, together with the 29,200,000 common shares of Eco held by the Company prior to the acquisition, represent approximately 18.8% of Eco's issued and outstanding share capital...

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[South Africa] Nissan announces $215 million investment in Rosslyn plant

South Africa President Cyril Ramaphosa has officiated over Japanese automotive Nissan’s announcement of a R3 billion, approximately $215 million, investment at its Rosslyn plant in the capital.

“It’s a matter of great pride for us that many more motorists around the world will be driving vehicles that bear the industry and craftsmanship of South African workers,” said the President at the official ceremony held in a country where the automotive sector is an essential part of its industrialisation...

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[Interview] Kemi Ayinde, CEO, Healthpoint, Nigeria
Kemi Ayinde is co-founder and CEO of Heathpoint, a company making healthcare, through the use of technology, widely accessible and affordable in Nigeria. Located in Lekki, Lagos Nigeria, Healthpoint is co-founded by Samuel Akinniyi Ajiboyede.

Tell us about Healthpoint in Nigeria?

Healthpoint is a holistic health management solution aimed at promoting universal health coverage in Nigeria, Africa and the world at large. We are a health tech startup providing telehealth and health insurance plans at affordable monthly subscriptions...

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[Nigeria] NNPC pledges support for agro-allied industries

The Nigerian National Petroleum Corporation (NNPC), has said that it would support the Federal Government's initiative to diversify the nation’s economy through agriculture by providing the much needed fulcrum for the attainment of a mutually beneficial relationship between agriculture and industries.

Speaking during the NNPC Special Day at the 40th Kaduna International Trade Fair in Kaduna, Group Managing Director of the corporation, Dr. Maikanti Baru, said as the national oil company, the NNPC would continue to provide the enablers for the actualization of Nigeria massive agricultural potentials in line with the aspirations of President Muhammadu Buhari for the sector...

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GE Power releases whitepaper on cheaper, cleaner, faster gas turbine technology in Africa
As Africa’s leaders pursue state-of-the-art technology that can provide more affordable, reliable, accessible, and sustainable power for the continent, GE Power’s Gas Power Systems business has unveiled a whitepaper focused on gas turbine technology that can ensure a cleaner and safer operation while accommodating a high penetration of renewable energy sources...

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Argus West Africa LPG | 25-26 April in Abuja, Nigeria
Discover the potential of the West African LPG industry on 25-26 April in Abuja, Nigeria.

As west Africa’s LPG industry continues to grow in strength, the region is now a leading global market participant. With the capacity for growth in the industry greater than ever before, join us to identify new opportunities by exploring the key drivers for LPG growth, pricing trends and future trade flows...

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The 5th China-Africa Enterprises Convention | 8 - 12 June 2019 | Shanghai | China

The China-Africa Enterprises Convention, which will be held from June 8 to 12, 2019 in Shanghai, China, is an opportunity for African companies to trade and establish strategic partnerships with Chinese companies, to learn from Chinese companies experience and find investment opportunities with Chinese and African investors.

The event, which is in its 5th edition, is organized by Reliconn (a Shanghai-based consulting firm), with the support of the Organizing Committee of the China International Consumer Goods Fair (CICGF), which is one of the of the 4 biggest fairs of China...

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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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