Year 6 | Edition 23 | 2 July 2019

Kenyan economy projected to grow by 5.8% on average in 2019, research

The Kenyan economy is projected to grow by 5.8% on average in 2019, according to GDP projections from 16 research houses, global agencies, and government organizations that were tracked during the half-year period, inclusive of Cytonn’s projection of 5.8% as at H1’2019.

The average inflation rate increased to an average of 5.2% in H1’2019, as compared to 4.3% in H1’2018, with June’s inflation rate rising to 5.7% from 5.5% in May 2019...

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Ethiopian Airlines to commence flights to Jordan

Ethiopian Airlines will commence services to Amman, Jordan as of July 16, 2019.    

Located between the desert and the fertile Jordan Valley, Jordan’s capital Amman is a city of contrasts and a fascinating destination for holidaymakers. The thrice weekly direct flights to Amman will be as per the below schedule...

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[Nigeria] LEKOIL, Green Energy International signs the Otakikpo Joint Venture MoU with Schlumberger

LEKOIL, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, is pleased to announce the Otakikpo Joint Venture (JV) between Green Energy International Limited ("GEIL") and LEKOIL (with LEKOIL as Technical Partner).  

The JV has signed a Memorandum of Understanding ("MOU") with Schlumberger and a subsidiary of a major international oil company which has been operating in Nigeria for more...

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Talk360 partners Ding to establish footprint worldwide

Dutch technology startup, Talk360, has partnered with mobile top-up platform Ding, in a venture that will make the former available at thousands of retail stores worldwide. An expansion of this size brings Talk360’s presence to over a million retail outlets in the world. 

Hans Osnabrugge, CEO Talk360: “This is an important step for us in our goal to make relevant technology accessible to everyone. Customers all over the world can now top up...

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[Ghana] Energy Minister cuts sod for GOIL, SMB Joint Venture project commencement

Ghana Energy minister, Mr. John Peter Amewu, has cut the sod for the commencement of work on the Bitumen plant in Tema. 

The project, estimated to cost about 35 million dollars, is a joint-venture between GOIL Company Limited and Societe Multinationale de Bitumes, (SMB) of Côte D’ Ivoire. ..

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[Interview] Stephen Newton, CEO, biNU, South Africa

Stephen Newton is a South African entrepreneur and business leader, the current Chief Executive Officer of biNU, South Africa.

What does your company do?

We have two business divisions: Moya is our b2c service while biNu is our b2b. We developed the Moya Messenger app to prove the #datafree model, a route that is proving to be very successful. Moya is similar to WhatsApp, except messages and the browsing of content in our Discover section are...

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News Headlines

Urgent regional cooperation needed to tackle rising piracy attacks in Gulf of Guinea 13-11-2019 | 12:33:00
Following the attack of two vessels in the Gulf of Guinea last week, the International Transport Worker’ Federation called for urgent global and regional cooperation to fight piracy in the region.

Ecobank signs up to UNEP principles for responsible banking 13-11-2019 | 11:31:00
Ecobank Transnational Incorporated has become an official Signatory to the UN Principles for Responsible Banking: a single framework for a sustainable banking industry.

SDX Energy commences production at South Disouq concession, Egypt 13-11-2019 | 10:47:00
SDX Energy, the MENA-focused oil and gas company, is pleased to announce the commencement of production from its operated South Disouq concession in Egypt.

Anglo African Oil & Gas finds rig for Tilapia drilling offshore Congo 13-11-2019 | 10:04:00
Anglo African Oil & Gas (AAOG), has entered into a rig option agreement to source for a drilling rig for a well at its Tilapia field offshore the Republic of the Congo, in which the Company has a 56 per cent interest.

Power Africa and Africa50 partner to implement energy and transmission projects 13-11-2019 | 09:12:00
Power Africa and Africa50 have signed an MOU for a new partnership focused on attracting power sector financing and developing innovative public private partnership models in sub-Saharan Africa.

European Investment Bank announces $1 billion lending programme for African women entrepreneurs 13-11-2019 | 07:15:00
The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent.

Fire onboard Polar Marquis offshore Senegal 12-11-2019 | 11:43:00
GC Rieber Shipping ASA reports to have had a fire onboard its managed vessel Polar Marquis, offshore Senegal yesterday Monday November 11th 2019.

Vivo Energy Morocco, Myher Holding partner to accelerate distribution activities in the southern region 12-11-2019 | 11:20:00
Vivo Energy Morocco and Myher Holding announce their partnership in the company Sopétrole to accelerate the deployment of their distribution activities in the Provinces of southern Morocco.

UNIDO, partners rolls out 500,000 clean cook stoves in Tanzania 12-11-2019 | 10:48:00
The United Nations Industrial Development Organization (UNIDO) and its partners initiated the roll-out of 500,000 ethanol cook stoves to households in various wards of Dar es Salaam, Tanzania.

LOC awarded marine assurance and inspection contract with BP Egypt 12-11-2019 | 10:06:00
LOC announces that it has become the third-party provider for marine assurance & inspection with BP Egypt.

South African Airways embarks on restructuring, process may lead to job losses 12-11-2019 | 08:50:00
South African Airways has informed all its 5146 employees that it is embarking on a restructuring process which may lead to job losses.

[Angola] IFC opens office to support private sector growth 12-11-2019 | 08:29:00
IFC, a member of the World Bank Group, has opened an office in Angola to deepen its support for private sector development and economic diversification the country.

EIB expands trade & investment insurance benefits to West Africa 12-11-2019 | 07:57:00
The EIB has formally agreed to support membership expansion of the African Trade Insurance Agency with a concessional financing facility to cover the shareholding of three prospective members - Cameroon, Niger and Togo.

African Development Bank to launch the 2019 Electricity Regulatory Index in South Africa 12-11-2019 | 07:17:00
The African Development Bank will officially launch its Electricity Regulatory Index (ERI) 2019 at this year’s Africa Investment Forum, Africa’s premier investment marketplace, currently underway in Johannesburg, South Africa.

South African Aberdare Cables seeks to supply Nigeria with quality cables and transformers 12-11-2019 | 06:58:00
The Port Elizabeth, Eastern Cape-based cables and transformers for electricity manufacturer, Aberdare Cables is seeking to supply Nigeria with quality cables and transformers at a competitive price.


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