Year 6 | Edition 24 | 8 July 2019

Operational phase of the African Continental Free Trade Area launches in Niger

The operational phase of the African Continental Free Trade Area, AfCFTA has been launched after a day-long summit of Heads of State and Government of the African Union (AU) in the Nigerien capital.

The AfCFTA will be governed by five operational instruments, i.e. the Rules of Origin; the online negotiating forum; the monitoring and elimination of non-tariff barriers; a digital payments system and the African Trade Observatory...

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Africa Oil announces Jethro-Lobe spud offshore Guyana

Africa Oil is pleased to announce that drilling operations have commenced offshore Guyana with the spudding of the first exploration well on the Jethro-Lobe prospect on the Orinduik Block. Jethro-Lobe was spud at 22:45 (local Guyana time) on July 4, 2019 using the Stena Forth drillship.

Partners on the Orinduik Block comprise Tullow Guyana B.V. ("Tullow", Operator, 60% Working Interest ("WI"), Total EP Guyana BV ("Total", 25% WI) and Eco (Atlantic) Oil & Gas...

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[Startup Interview] Elizabeth Eweka, CEO, IDHS, Nigeria

Elizabeth Eweka-Adeshina is the founder and CEO of IDHS, a Nigeria health startup that has been birthed by the realization that digital technology can enhance and promote the ease and speed of access to quality healthcare.

Give us a brief about what IDHS does?

IDHS is a tech health start-up with a principal focus of using technology to bring solutions to the healthcare sector. Our overall aim is to improve the health and wellness outcomes of our users by giving them access to health information...

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Ethiopia to sell minority stake in Ethio Telecom, issues licenses to private firms

Ethiopia will grant two telecom licenses to private firms and sell a minority stake in Ethio Telecom, the sole operator, as the government opens sectors long closed to outsiders.

Prime Minister Abiy Ahmed announced last year plans to privatise a swathe of industries and allow foreign and private investors into key state-owned companies in an effort to attract new players to the economy...

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[South Africa] Logicalis SA acquires Mars Technologies

Datatec subsidiary, Logicalis SA, has acquired Mars Technologies, an IT services business with offices in Cape Town, Johannesburg, Port Elizabeth, Durban and East London, employing 76 staff.

Mars Technologies delivers Managed IT services ranging from the remote monitoring of networks and servers, managed desktop, anti-virus, cloud backup, and printers, to full outsourcing, targeting small and mid-market enterprises...

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[Column] Hans van Linschoten: Data sovereignty in Africa, why you should care

African businesses are currently making massive investments in things like machine learning and artificial intelligence tools and are using cloud and virtualized infrastructure to enhance service delivery.

Talking with industry leaders and experts across the continent, one thing is clear, they’re making these investments because they want to adopt the flexibility and benefits of the cloud...

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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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