Year 7 | Edition 6 | 3 March 2020
 

Offshore Network publishes Nigeria Well Intervention Forecast

Offshore Network has published the report Nigeria Well Intervention Forecast.

Key features include:

Regulations: See how to position yourself to take advantage of an uplift in activity as the Nigerian government puts well intervention at the forefront of production plans

Production rates: Understand how well intervention can best serve the Nigerian market and what regulators regard as the important issues workovers can solve to optimize recovery...

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Understanding VPN’s and their benefits

Africa is an internet freedom friendly continent with countries like Kenya, Nigeria and South Africa dubbed as a silicon Savanna and the next tech investment capital in the world. 

So many African countries don’t seem to be engaging in online censorship, and this is really impressive. This creates an enabling ground for Africans to thrive and enter international markets. Using Virtual Private Networks (VPNs) has been accepted in Africa and across the world as the demand for...

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Somalia, African Development Bank Group sign agreement for arrears clearance support

Somalia‘s Minister of Finance, Dr. Abdirahman Beileh and the African Development Bank‘s Vice President for Regional Development, Integration and Business Delivery, Khaled Sherif  signed a $122.55 million grant agreement to advance Somalia’s national development agenda, consolidate peace and ensure inclusive economic growth and poverty reduction.

The signing follows the approval on February 26 by the Bank’s Board, of Somalia’s Arrears Clearance framework and a Policy Based Operation, and is the second stage of a process that...

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BajabulileTshabalala appointed AfDB acting senior Vice President

The President of the African Development Bank Group, Dr. Akinwumi Adesina is pleased to announce the appointment of Ms. Bajabulile “Swazi” Tshabalala as Acting Senior Vice President of the Bank with immediate effect.

Ms. Tshabalala, currently the Vice President for Finance and Chief Finance Officer for the African Development Bank Group, joined the Bank on August 1, 2018. Ms. Tshabalala will replace, in this acting capacity, Mr. Charles Boamah, the...

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Ghana in the process of setting up cocoa sensory evaluation and bean quality laboratory

The Ghanaian government has partnered with Glico TCHO, a Japanese food company which produces chocolates and confectioneries, to set up the first ever Sensory Evaluation & Bean Quality Laboratory and a Quality Training Centre at Akyem Tafo in the Eastern Region.

The Laboratory and Training Centre when completed, will be the first ever flavour testing laboratory in Africa. The project, which is to be completed in 6 months’ time will be fully... 

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[Startup Interview] Babatunde Akin-Moses, CEO, Sycamore, Nigeria

Babatunde Akin-Moses is the CEO of Sycamore a Nigerian company offering peer to peer lending while connecting lenders to borrowers.

Tell us about Sycamore

Sycamore is a peer to peer lending platform which connects lenders to borrowers. Our purpose is to ensure that individuals and businesses across the developing world are financially empowere to achieve their dreams. My role as the CEO of Sycamore, is to ensure that we fufill this purpose...

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[Column] NJ Ayuk: We must not jeopardize Africa’s future in the name of fighting climate change

Pressure is building to phase out fossil fuels in Africa to fight climate change. Organizations ranging from the World Bank to the European Investment Bank (EIB) have dropped support for African fossil fuel production in hopes of encouraging a transition from oil, gas and coal to sustainable energy sources like wind and solar power.

Now there are legitimate concerns that investor support for oil and gas production will dwindle as well. Blackrock, which controls $7 trillion in investments, and the Royal Bank of...

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[Startup Interview] Rich Cheary, CEO, PT SportSuite, South Africa

PT SportSuite is a South African company whose mission is to digitally disrupt the sporting industry’s media landscape by allowing sporting organisations to operate like commercially-minded modern media houses, while building sustainable digital communities around their brand. The CEO Rich Cheary elaborates.

Tell us about PT SportSuite and your role in it.

PT SportSuite is a start-up “spin-off” from parent company Publisher’s Toolbox. As Publisher’s Toolbox CEO, the opportunity to enter the sports fray and apply the...

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[Column] Samantha Naidoo: Four strategic priorities for African telco operators in 2020

African telco operators face a landmark five-year period as they strive to reimagine their business models and build new capabilities that will ensure their future success.

Currently, non-traditional market entrants are putting pressure on telco operators’ profit margins, forcing them to look at ways of quickly delivering new services to meet customer demands. The introduction of telco operator -enabled IoT networks and the upcoming rollout of 5G is also...

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Wanted: African Startups for Interviews

Africa Business Communities is conducting a series of interviews with startup businesses in Africa. Are you a startup in Africa and interested in an interview? Great! Send an e-mail to bas@africabusinesscommunities.com

These are some of the Startup Interviews that we have published in the past few months...

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News Headlines

21-01-2021 | 11:25:00
MIGA issues $25.6m in guarantees to Escotel Mauritius for solar power generation in Sierra Leone and Liberia
MIGA, a member of the World Bank Group, issued guarantees of up to $25.6 million to Escotel Mauritius covering its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years.


21-01-2021 | 11:08:00
Kenya Power rolls out smart metering project for SMEs customers
Kenya Power has rolled out a smart metering project that will benefit customers in the Small and Medium Enterprise (SMEs) sector across the country.


21-01-2021 | 10:52:00
InfraCo Africa, Global Logistics Services to commence construction on Liberia Inland Storage Facility project
InfraCo Africa and Global Logistics Services have signed an Engineering, Procurement and Construction contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility project.


21-01-2021 | 07:13:29
Andersen Global enters Malawi
Andersen Global establishes a foothold in the Malawi market through a Collaboration Agreement with Knight & Knight, bolstering its platform on the African continent and adding additional coverage in the eastern region.


21-01-2021 | 07:11:05
Séché strengthens its positions in South Africa with acquisition of Spill Tech
Global waste treatment company Séché Environnement has announced the signature of an agreement for the acquisition of Spill Tech 1, a company in environmental emergency and decontamination services in South Africa.


21-01-2021 | 07:10:00
The UN approves new strategy to accelerate business action to achieve SDGs, more ambitious climate targets
The UN Secretary-General, António Guterres, Chair of the Board of the UN Global Compact, announced a new three-year strategic plan to increase and accelerate corporate sustainability and principled business.


20-01-2021 | 14:46:07
Kasada acquires eight hotels in Sub-Saharan African from AccorInvest
Funds advised by Kasada Capital Management announced the first transaction made through the debut fund, Kasada Hospitality Fund LP, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.


20-01-2021 | 13:40:00
Qatar Airways resumes flights to Cairo, Egypt
Qatar Airways resumed flights to Cairo in the Arab Republic of Egypt with a daily service. QR1301 departed Hamad International Airport to Cairo International Airport at 15:15 local time and landed at its destination at 17:40 local time.


20-01-2021 | 13:13:00
[Zambia] Glencore signs contract to sell 73% of underlying stake in Mopani for $1.5b
Glencore announced that its subsidiary Carlisa Investments, in which Glencore holds 81.2% of the shares, has signed an agreement with ZCCM Investments to transfer its 90% interest in Mopani Copper Mines.


20-01-2021 | 07:39:57
United Women Economic Development Network launched to advance women empowerment
Women business leaders and entrepreneurs from the United States, Bahrain, Morocco, Israel, United Arab Emirates, Sudan, Uzbekistan, and Kosovo have convened for the virtual launch of the United Women’s Economic Development Network.


19-01-2021 | 12:30:00
The young stars inspiring an Esports wave in Africa
As esports dominate modern entertainment industry as a fast growing sport, Kenya and South Africa youth continue to dominate the world of competitive video gaming.


19-01-2021 | 08:44:27
[Kenya] Clir Renewables partners with Lake Turkana Wind Power to optimize its wind farm performance
Clir Renewables has partnered with Lake Turkana Wind Power (LTWP) to enhance wind farm performance tracking and support its Kenya-based team in realizing potential opportunities for optimization.


18-01-2021 | 11:15:00
[Kenya] African Elite Group awarded best boutique PR Agency award at global event
Boutique PR agency, African Elite Group Ltd, headquarters in Nairobi, Kenya has been awarded an international award, at the 4th annual MEA (Middle East & Africa Markets) Business Awards 2020.


18-01-2021 | 09:32:45
DHL Express purchases eight additional Boeing 777 freighters
DHL Express, world’s express service provider together with Boeing announced that the global logistics company placed an order for an additional eight new Boeing 777 freighters.


18-01-2021 | 09:16:19
Siemens Mobility signs MoU to install high-speed rail system in Egypt
The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility signed an MoU to design, install and commission Egypt’s first ever high-speed rail transportation system.


 

 
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Publisher/Editor in Chief: Bas Vlugt

Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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