United Bank for Africa just appointed a new Managing Director at the close of board meeting held yesterday, March 1, 2016, a statement published on the Nigeria Stock Exchange revealed. Truly, starting from August 1, 2016, Kennedy Uzoka is to succeed Phillips Oduoza who led the group for two years. “Kennedy brings an extremely strong skill set and is ideally positioned to lead UBA in its...

In France, phone operator Free is launching a new African pack named Bouquet Africain Platinum including 24 channels of which Antenne 3, DRC’s leading private channel. Subscription is on a monthly basis and costs €14.99. Other channels include various national TVs (Sen TV, RTS 1, TFM, ORTB, RTB, Canal 2 International, CRTV, RT1, RTG, TVT, etc.) as well as musical, pan-African or...

The Bensalah family just increased their presence in Morocco. Indeed, Holmarcom, the Holding owned by the family just announced it has acquired five companies which until now were owned by PGS Invest. The companies whose range of activities go from snack production to cashew processing, and valorization of aromatic plants, have been grouped into a new holding named Denia, Telquel.ma said....

Senegal plans to develop its energy sector by emulating Morocco’s solar power strategy, said Amadou Hott, Director General of Sovereign Fund for Strategic Investment during Africa Development Forum. Meeting with executives from the Moroccan Solar Energy Agency (MASEN), Amadou Hott said Senegal, partnering with World Bank, planned on replicating Morocco’s solar model. Senegal thus wishes to...

23 Africans have been listed in the 2016 edition of the world billionaire ranking published by Forbes on March 1, 2016. The top two of this list are Nigerians. 6 of the African listed in the ranking in 2015 exited it this year. These are Stephen Saad (South Africa); Onsi Sawiris (Egypt), Miloud Chaabi (Moroocco) Samih Sawiris (Egypt), Sudhir Ruparelia (Uganda) and Rostam Aziz (Tanzania) whose...

Uganda through the Ministry of Energy and Mineral Development has witnessed a huge step in the commercialization of the oil sector, as seven companies bids for blocks which were put up for licencing in Albertine Graben. Companies that presented their bids includes, Armour Energy Limited, WalterSmith Petroman Oil Limited, Oranto Petroleum International Ltd, Niger Delta Petroleum Resources Ltd,...

Turner & Townsend has been granted a contract by Black Rhino Mining Oil and Gas Services (BRM) for the provision of project management and project control services for the 550 km East Africa fuel pipeline. The pipeline project which costs $1.55-billion was an infrastructure project being carried out by the governments of Ethiopia and Djibouti and is to convey diesel, petrol and jet...

SDX Energy has announced that drilling has commenced on its Manatee-1 exploration well on Bakassi West in Cameroon. According to the company the possible reserves from the prospect might be comparable to the Abana field, located 7km to the southwest of Manatee-1. The well, which is situated in shallow water in the Niger Delta Basin, offshore Cameroon, is to be spud with the Paragon M825 jack-up...

Uganda and Tanzania are considering constructing a pipeline from Uganda’s oil fields to the Tanzanian coast. Uganda, which has not commenced oil production brought up the option of a Tanzanian pipeline route in 2015. A statements released after a meeting between the two heads of state on Tuesday, did not disclose the fate of the Kenyan oil export pipeline plan. Total, had voiced security...

Japan Oil, Gas and Metals National Corporation (JOGMEC) has announced that it has extended the Joint Survey Agreement with PetroSeychelles to explore hydrocarbon potentials in offshore Seychelles. Geological and geophysical surveys which includes seismic surveys was carried out by JOGMEC and PetroSeychelles from August 30, 2013 under an exploration licence awarded by the Government of...