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

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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