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

31-03-2020 | 07:42:00
[South Africa] Sasol, government partner to produce unique blend of alcohol-based chemicals for hand sanitisers
Sasol has partnered with the government to develop a new unique blend of alcohol-based chemicals to be used in manufacturing of hand sanitisers to help address the increase in market demand for the product.


31-03-2020 | 06:56:00
BADEA allocates $100 million to assist Sub-Saharan Africa fight against COVID-19
The Arab Bank for Economic Development in Africa (BADEA) has allocated $100 million to support Sub Saharan African countries’ efforts to prevent and limit the spread of COVID-19.


30-03-2020 | 14:10:00
Plans underway to acquire new COMESA headquarters
The Yellow Card Scheme has committed US$ 3.6 million towards the acquisition of the proposed new headquarters of COMESA.


30-03-2020 | 13:58:00
[South Africa] Absa launches extensive COVID-19 payment relief programme
As South Africa and the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Group is rolling out an extensive relief programme for eligible customers impacted by COVID-19.


30-03-2020 | 12:03:00
Afreximbank's $3-billion facility to cushion impact of COVID-19
The Afreximbank has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility to help African countries deal with the economic and health impacts of the COVID-19 pandemic.


30-03-2020 | 11:39:00
African Development Bank launches $3 billion “Fight COVID-19” Social Bond
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.


30-03-2020 | 11:07:42
[South Africa] Standard Bank extends instalment relief measures to personal account customers
The Standard Bank has announced a second wave of relief to help its customer base navigate financial commitments as Covid-19 continues to impact the livelihood of many individuals across the country.


27-03-2020 | 08:18:58
South African Airways Acting CEO retires early
The Board of Directors at the South African Airways (SAA) announced it has accepted the request from Ms Zuks Ramasia, SAA Acting CEO, for early retirement with her last date of employ being14 April 2020.


27-03-2020 | 08:00:00
World Bank supports Madagascar's investment in human capital
The World Bank approved a $100 million development policy operation to support the Government of Madagascar’s investment in human capital.


27-03-2020 | 07:42:00
EAIF adopts IFC Master Cooperation Agreement to boost growth, jobs in Sub-Saharan Africa and MENA
The Emerging Africa Infrastructure Fund (EAIF) became the 34th development finance institution to join IFC’s Master Cooperation Agreement to collaborate on expanding private sector investments in African and Middle East infrastructure.


26-03-2020 | 14:20:00
Air Seychelles receives new A320neo aircraft to boost operations
Air Seychelles has announced that the airline has taken delivery of its new A320neo aircraft registered as ‘S7-PTI’.


26-03-2020 | 12:15:00
[South Africa] JSE aligned essential services as country prepares for national lockdown
As South Africa prepares for a national lockdown tonight due to the COVID-19 pandemic, the Government has identified the JSE as an essential service required to enable smooth functioning of the markets during the 21-day lockdown period.


26-03-2020 | 10:37:00
Vaalco completes drilling program offshore Gabon
Vaalco Energy has announced the completion of its 2019/2020 drilling program in the Etame Marin permit located offshore Gabon.


26-03-2020 | 09:25:00
IATA urges African and Middle Eastern governments to give airlines emergency support
The International Air Transport Association is appealing to governments in Africa and the Middle East to provide emergency support to airlines as they fight for survival as a result of the COVID-19 crisis.


26-03-2020 | 09:23:00
Ford temporarily suspends production in South Africa in response to coronavirus
Ford Motor Company is temporarily suspending vehicle and engine production at its International Markets Group (IMG) manufacturing sites in response to the growing impact of the coronavirus.


 

 
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Publisher/Editor in Chief: Bas Vlugt

Editors: Bob Koigi, Nixon Kanali, Andrea Ayemoba

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