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

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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