Mrs Akua Brayie Owusu-Nartey is the new Director General of Ogilvy and Mather in Ghana. She thus returns to the firm where she started her career. At the time the firm was MMRS Ogilvy, then Scanad Ghana and finally Ogilvy and Mather. The agency belongs to WPP, global communication leader. In Ghana, Ogilvy and Mather is the leader in the advertising and public relations industry. It offers...

Once again under spotlight, President Zuma from South Africa rejected on March 17, 2016, allegations of corruption which claim that the appointment of the members of his government is influenced by wealthy business family, the Guptas. On Wednesday 16 March, Jonas Mcebicis, deputy finance minister said the Gupta family offered him the position of minister of finance against certain advantages....

Oil rose more than $42 a barrel on Friday, reaching its highest this year driven by hopes of a production freeze by major oil producers in April. Brent crude was at 77 cents at $42.31 a barrel having reached a 2016 high of $42.40. U.S. crude was at 84 cents to $41.04 a barrel after increasing as high as $41.13, Reuters reports. According to Francis Perrin (photo), the...

In Tanzania, Swala Oil & Gas has announced that Gaffney, Cline & Associates (GCA) has finalized the assessment of the resource potential of the Kilombero Basin, situated in the Kilosa-Kilombero licence south of Tanzania.  According to the company, GCA reviewed the level of the Kito prospect in the Kilombero Basin and predicted the prospective resources...

Telecom operator Tunisie Telecom presented on March 15, 2016, its new visual identity. Its new multicolor logo, replacing traditional blue one, and slogan “life is emotion”, replacing “The future calls you”, marks the adoption of a new strategy. In a context where the digital gradually integrates life, Tunisie Telecom decided to ride the tide by becoming a digital service operator. To...

The Central Bank of Mauritius announced on March 18 it has awarded a banking licence to Bank of China. The Chinese bank thus boosts its presence in Africa as it plans to better serve local companies and multinationals.   “Bank of China wants to provide financial services to African firms and multinationals operating on the continent,” said Zhang Xiaoqing who leads the team in charge of...

The Nigerian Minister of State for Petroleum Resources, Emmanuel Kachikwu has urged oil producing countries to take advantage of the decline in oil price to verify their cost profile in carrying out businesses. “The industry will still be in challenge in one to two years and I hope that the lesson you take away will help you either as government policy makers or practitioners in the industry,...

A consortium of Mozambique Liquefied Natural Gas (LNG) is currently in talks with Indian companies for the supply of LNG expected to be extracted and processed in Mozambique, Steve W. Hoyle, the Vice president of Anadarko Petroleum for natural gas and shipping revealed on Friday. Hoyle said three of the participants in the consortium, (Oil and Natural Gas Corp, Bharat Petroleum and ONGC Overseas...

Statoil has announced that its Salah Gas asset in Krechba, Algeria was struck by explosive weapons on Friday morning. “Statoil is working on getting an overview of the situation, but has so far no information about anybody being injured during the attack,” the company said. Statoil which operates the In Salah dry gas fields alongside BP and Sonatrach added that its partners in Hassi...

AIM-listed firm, Firestone Diamonds, revealed that its Liqhobong project in Lesotho is 68% complete and on schedule for initial production in Q4 2016. To reach this level, the company, over 2015’s second semester, completed earthmoving works and power grid project which led to constant supply of power to the mine for the remaining operations. Also, an updated mining plan was adopted in...