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

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

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News Headlines

03-07-2020 | 14:27:00
Ecobank Group spearheads new private sector initiative to end malaria in Africa
Ecobank Group has announced its commitment to support ending malaria, launching the first-of-its-kind Zero Malaria Business Leadership Initiative in partnership.

03-07-2020 | 12:51:00
African Development Bank concludes $116m investment in Nedbank SDG-linked bonds
The African Development Bank Group has concluded the investment of R2 billion ($116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa.

03-07-2020 | 11:20:00
MultiChoice joins the UN as official African media supporter for global COVID-19 campaign
The MultiChoice Group has become an official supporter of the United Nations’ global COVID-19 awareness campaign Pause which launched globally on 30 June.

03-07-2020 | 11:15:00
DRC government and TMEA set to begin construction of the One Stop Border Post at Mahagi
The Government of the Democratic Republic of Congo and TradeMark East Africa (TMEA) are working on the construction of the One-Stop Border Post (OSBP) at Mahagi in Ituri Province, on the border with Uganda.

03-07-2020 | 06:26:00
African Development Bank joins WTO, other MDBs to support trade finance amid COVID-19 crisis
The African Development Bank has joined the World Trade Organisation (WTO)and other multilateral development banks (MDBs) to reduce trade finance gaps that emerge as a result of the COVID-19 pandemic.

02-07-2020 | 14:27:00
Nile University Nigeria joins Honoris United Universities’ pan-African network
Honoris United Universities has announced its expansion into West Africa by welcoming Nile University of Nigeria, known for its strong academic credentials and best-in-class faculties, into the network.

02-07-2020 | 09:06:00
Portable solar power system boosts COVID-19 testing in Zambia
First Aid Africa and Renovagen Ltd have announced the success of a rapid response project to support testing operations in the fight against the COVID-19 pandemic in Zambia.

02-07-2020 | 09:05:35
Africa becoming a dumping ground for obsolete and inefficient air conditioners, report
A new report on environmental dumping finds that 35 per cent of the room air conditioners sold in many of Africa’s largest countries do not meet minimum energy efficiency standards in their countries of origin.

02-07-2020 | 07:23:10
South Africa switches to Argus-related pricing for LPG
The South African Department of Mineral Resources and Energy (DMRE) has switched to a new formula for calculating official domestic liquefied petroleum gas (LPG) prices.

01-07-2020 | 14:18:00
Barclays receives nod to offer private banking services in South Africa
Barclays has been granted a Financial Advisory and Intermediary Services (FAIS) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.

01-07-2020 | 10:31:00
IFC supports Standard Bank of South Africa expand lending to SMEs during COVID-19
IFC announced a $185 million loan to The Standard Bank of South Africa to help it expand its COVID-19 lending program to small and medium-sized enterprises and corporates affected by the pandemic.

01-07-2020 | 10:23:00
IFC, IFU and PROPARCO provide $108.5m to improve healthcare in Egypt and Morocco
IFC, IFU and PROPARCO are providing an equity financing package of up to $108.5 million to Humania, a private healthcare company, to help improve medical care in Egypt and Morocco.

01-07-2020 | 10:10:00
Oceaneering awarded inspection services scope in Angola from CABGOC
Oceaneering International announced its Asset Integrity group has secured a three-year contract in Angola with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary.

01-07-2020 | 09:54:00
Eni successfully drills first exploration well offshore Egypt
Eni, BP and Total have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush.

01-07-2020 | 09:35:25
UNCTAD, ITC and WTO roll out tool to help businesses trade better
Businesses now have free access to a one-stop shop with the information they need to trade effectively as the global economy recovers from the effects of the coronavirus crisis.


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Publisher/Editor in Chief: Bas Vlugt

Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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