Year 6 | Edition 16 | 14 May 2019
 

Eni discovers new light oil offshore Angola

Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside.

The Ndungu-1 NFW well is located a few kilometers from Eni’s West Hub facilities, and has been drilled by the Poseidon drillship in a water depth of 1076 meters and reached a total depth of 4050 meters. Ndungu-1 NFW proved a single oil...

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Basils Business Opportunities to explore for export market in Uganda

A South African Free State company, Basils Business Opportunities, is headed for Uganda to look for the export market for its agro-processing equipment that it is manufacturing at its Bloemfontein-based factory.

The founder and the Director of the company, Mr Basil Phupha will be one of the 25 businesspeople who will participate in the Outward Trade and Investment Mission to Uganda that is organised and funded by the Department of Trade and...

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[Startup Interview] Jacqui Mwangi, Managing Director, Buyology, Kenya

Jacqui Mwangi is the Managing Director of Buyology Co. LLC, a Kenyan based startup that is assisting companies enhance customer experience through mystery shopping concept and training

Introduce Buyology and your role in it?

Buyology helps companies develop and deliver delightful customer experiences. My role as the Managing Director is to ensure clients achieve the best results and to build a company culture towards our long–term company vision...

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Valcora grows global footprint wit new South Africa office

Valcora, the Swiss based fuel purchasing service, has opened a new office in Johannesburg, South Africa, the first in Africa, as it seeks to sate the burgeoning demand for reliable fuel purchasing needs in the country and continent.

The two-person operation will be responsible for raising Valcora’s profile, as well as highlighting the benefits of the technically sophisticated, yet simple to use fuel purchasing system across the continent...

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[Column] Thierry Hoza Ngoga: Agriculture flagship programmes blazing a trail in Africa

State capability, the ability of government to administer effectively, defines a political system. A government must be able to produce and deliver economic and social goods as its populace expects, since if able to steer adequately its economic system, it will ultimately succeed.

 This makes the building of state capacity the one of the most transforming devices in African development...

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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

02-06-2020 | 10:09:00
Germany looks to facilitate private sector investments in Africa
With the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.


02-06-2020 | 07:48:00
Global Partnership for Education increases COVID-19 emergency fund
The Global Partnership for Education (GPE) will provide an additional $250 million to help developing countries respond to the immediate and long-term disruptions to education caused by the COVID-19 pandemic.


01-06-2020 | 07:51:00
African Development Bank mobilizes $22 million for low-income countries in the ECOWAS region
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.


01-06-2020 | 07:21:00
Rand Merchant Bank confirms $15bn funding for LNG project in Mozambique
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.


01-06-2020 | 07:05:00
Sudan, WFP sign agreement on Sudan family support programme
The Government of Sudan and the United Nations World Food Programme (WFP) have signed a Memorandum of Understanding (MoU) to support the government’s Family Support program that will provide Sudanese families direct cash transfers.


01-06-2020 | 06:44:00
World Bank approves $25m to help Djibouti grow economy, improve access to services
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), to help Djibouti address vulnerability, foster inclusive economic growth and improve service delivery.


29-05-2020 | 14:12:00
UNWTO launches global guidelines to reopen tourism
The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19.


29-05-2020 | 10:24:00
AFD provides €70m to improve water and sanitation in Morogoro, Tanzania
The Government of Tanzania and the French Development Agency (AFD) signed a financing agreement for a 70M€ concessional loan aiming at improving water supply and sanitation services for the residents of Morogoro Municipality.


29-05-2020 | 09:10:54
[South Africa] Sasol announces its not divesting its fuel retail business
Sasol, an international integrated chemicals and energy company announced that it is not divesting its downstream fuel retail business as part of its ongoing asset disposal process.


29-05-2020 | 07:11:00
[Nigeria] NCDMD launches initiatives to drive innovations in oil and gas industries
The Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry.


29-05-2020 | 07:08:00
[Nigeria] Premium Pension appoints Alhassan Babayo as Board Chairman
The Board of Premium Pension appointed Mr. Ibrahim Alhassan Babayo as its new Chairman, following the retirement of the erstwhile Chairman Arc. Yunusa Yakubu who held the position since 2017.


28-05-2020 | 07:44:00
COVID-19 creates fundamental shifts in Africa's consumers, Nielsen
The COVID-19 pandemic has given rise to a new kind of African consumer who is already displaying fundamental shifts in consumption and purchase behaviour.


28-05-2020 | 07:36:18
African Natural Resources Centre unveils publication to advance critical land policy reforms
In response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching a series of articles to aid policy debate.


27-05-2020 | 11:28:00
[South Africa] Unemployment Insurance Fund pays out R15bn
The South African Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries.


27-05-2020 | 10:45:04
Fugro detours for Ifremer's Mayotte underwater volcano survey in Africa
A Fugro vessel heading from the Netherlands to South Africa has made a 10-day detour to support Ifremer, the French Research Institute for Exploitation of the Sea, in monitoring a giant active underwater volcano off the east coast of Africa.


 


 
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