Market News Page No. 532| Africa Business News

RAK Petroleum Increases C�te d Ivoire Stake

Oslo-listed oil and gas investment company RAK Petroleum plc has announced that it has increased its stake in Côte d’Ivoire Block CI-27 to 9.1 percent following the acquisition by Foxtrot International LDC and other members of the joint venture of their pro-rata shares of the 12 percent interest previously held in the block by Energie de Côte d’Ivoire SA. Following the transaction that was closed on.... Read more »

Posted on : Tuesday , 9th December 2014

Mart Resources confirms oil flow through the Umugini pipeline

Oil flow has commenced through the 51-kilometer long Umugini pipeline and into the Trans Forcados crude oil export pipeline system that connects to the Forcados oil export terminal. The commencement of continuous oil injections from the 12-inch Umugini pipeline to the Trans Forcados export pipeline followed the completion of pipeline tie-in at the Eriemu flow station and other start-up activities including line fill. Mart holds an.... Read more »

Posted on : Tuesday , 9th December 2014

Nigeria gets $200m renewable energy loan from Germany

Nigeria has received a green loan facility from the German Development Bank (KFW) worth $200 million to develop her small scale renewable energy sector, This Day reports. The loan is aimed at development of renewable energy sources and other energy efficiency projects. This was disclosed by the leader of the German delegation; Renate Von Bodden at a Bi-national Commission’s meeting on energy between both countries in.... Read more »

Posted on : Tuesday , 9th December 2014

FG, GE sign MoU for $1bn investment implementation

The federal government and General Electric (GE) signed a Memorandum of Understanding (MoU) yesterday for the implementation of a $1 billion investment plan, Leadership reports. GE’s Global Chairman, Mr. Jeff Immelt had in January 2013 announced the $1 billion investment plan for Nigeria out of which $250 million will be earmarked for capital expenditure of the construction of a multi modal manufacturing and Assembly.... Read more »

Posted on : Tuesday , 9th December 2014

Strategic market information on African Industrialization

NKC Independent Economists has put together reports on industries and sectors on the African continent with strategic market information that that may be useful to your company. These reports are specialised in that they focus on a specific sector within Africa, and includes insights into Industrial Manufacturing The impact of manufacturing on economic development has been widely studied. Very few countries have been able to grow and.... Read more »

Posted on : Monday , 8th December 2014

Diligence services offered for Companies investing in Africa

Investing in Africa can be seen as both a risk and a profit for future economic growth. The World Bank released its latest Global Economic Prospects report in July 2014, suggesting that sub-Saharan Africa will once again be amongst the fastest growing regions in the world. But when doing business in Africa, it is highly advised to check who you are investing your money in. Fraud in Africa is steadily increasing and it is crucial to be up.... Read more »

Posted on : Monday , 8th December 2014

Mauritius Corporate firm seeks partners in Africa

NWT is a group of companies offering trust and corporate services to both Corporates and High Net Worth individuals. NWT is headquartered in Mauritius, with subsidiaries in Switzerland, Hong Kong, Canada, British Virgin Islands, and Nevis. Its two main operating companies are NWT Management SA. and NWT (Mauritius) Limited. The company is now seeking to develop lasting relationships with companies and investors who have the network and.... Read more »

Posted on : Monday , 8th December 2014

BP s operates the world s first robotic coreflooding system

BP recently announced that it is now operating the world’s first robotic coreflooding system the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding which is one of the most important techniques used to identify and evaluate EOR technologies measures the effectiveness of water or gas injected into an oil-bearing rock sample to displace oil and can also be used to.... Read more »

Posted on : Monday , 8th December 2014

ENI plans to diversify natural gas exploration in Mozambique

The ENI group wants to use different methods for natural gas exploration in the Rovuma basin in northern Mozambique and production is expected to start in 2019, the Managing Director of the company for the region said Wednesday in Maputo. Fabrizio Trilli said the success of the Italian group’s project should not be limited to extraction and export of liquefied natural gas (LNG), so the group, as early as 2015, want to start.... Read more »

Posted on : Saturday , 6th December 2014

University of Zambia to spend US$750m in building solar energy laboratories

In a bid that will help meet growing demand for electricity in the countries at the south of Africa, the University of Zambia is planning to venture in constructing solar energy laboratories. Prem Jain, head of energy, environment and research at the university (Energy, Environment and Research Group), has said that the project will also avail an opportunity for students to qualify to work in related fields. This is because it will avail.... Read more »

Posted on : Saturday , 6th December 2014

Ireland & Africa establish a business relationship

Irish entrepreneurs have already decided. They said yes to Africa! By 2020, trade between Ireland and Africa is to reach $ 24 billion. An Irish-African Economic Summit held in Dublin. At the summit, it turned out that every tenth head of international corporations’ plans to establish a business relationship with Africa in the near future. Reference here to Sean Sherlock – Irish Minister for Development. During the inaugural.... Read more »

Posted on : Saturday , 6th December 2014

Investment Boost for Tanzania

For Tanzania, it is much more than just an injection of cash. According to the authorities, it is a revolution. A revolution in the energy market, where each dollar invested wisely may give rise to subsequent significant changes. 78 million dollars. In the world of big business, such a sum does not cause anyone to suffer from vertigo. However, for Tanzania it is a real mountain of gold especially that the money will be allocated to one,.... Read more »

Posted on : Saturday , 6th December 2014