Out of the six rivers polluted by illegal gold mining in the Manica province, Central Mozambique, four, namely the Chimeza, Lucite, Nhancuarara, and Zambuzi rivers have been treated.   Treatment of the Pungoe and the Revue, the two remaining rivers, is ongoing. For many months these rivers have been polluted by mercury and sodium borate which are used to purify gold mined at Mavonde,...

Brand South Africa, South Africa’s official marketing and reputation management agency just welcomed a new chief marketing officer, Linda Sangaret. After working for a few years in Paris as a diplomat, she later made her way through the communication world. Before landing at Brand South AFrica, Linda Sangaret spent ten years in France as South African Tourism’s Country Manager. She was in...

Investment fund founded by billionaire Ibrahim Mo and focused on providing long-term growth capital to African businesses, Satya Capital, sold its 63.4% stake in Hygeai Nigeria Ltd, Nigeria’s leading private healthcare company, for $66.8 million. Satya Capital who acquired the shares in the firm’s capital in 2009 for $18 million therefore exits with a juicy profit of $47.8...

In Zimbabwe, the prices of petrol continue to increase regardless of the decline in the international market. The price of petrol in September 2015, was close to $1, 40 while that of diesel was $1, 20. The Government had commanded fuel suppliers to reduce the price of petrol by 7cents and diesel by 5 cents which mean that the lowest price for petrol and diesel should be $1,28...

Eni on Monday announced that it has commenced production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep Offshore. The West Hub Development Project covers the development of the Sangos, Cinguvu, Mpungi, Mpungi North, Ochigufu and Vandumbu fields in a water depth between 1,000 to 1,500 meters. These wells are organized and linked to the N’Goma...

In Sudan, the Southern Sudanese Government has called on Khartoum to reduce the Sudanese oil transportation facilities agreement, due to the declining prices of crude oil in the global market. Sudan’s Foreign Minister, Barnaba Marial Benjamin, disclosed that a request was submitted to its Government to this effect. “Oil prices have dropped. They are no longer like in the past. We have to see...

The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Farouk Ahmed, has disclosed the reason behind the sharing of 78 % of the 3.1 million metric tonnes of petrol import allocation for Q1 to the Nigerian National Petroleum Corporation (NNPC). According to him, the allocation was due to the failure of some oil marketers to meet preceding import allocation...

Top Employer Institute, the independent Netherlands-based organism which awards excellence certifications to firms worldwide based on the working conditions of employees and human resources management policies, just released its list of top employers in Africa for 2016. This list certifies eight international organisations as top employers in Africa for 2016.  These include pharmaceutical...

Mobile operator MTN Nigeria despite its unresolved dispute with Nigerian Court over payment of $3.9bn fine has just acquired the CDMA operator Visafone Communications Ltd. The Nigerian subsidiary of the South African telecom group has indeed received final go from Nigeria Communication Commission (NCC) to seal the deal. MTN Nigeria thus reinforces its presence in the Nigerian market. By...

Zarara Oil and Gas has said that it plans to drill the Block L4 in Kenya by Q2 of 2016. The company plans to drill the well through a study of the seismic data which aroused from a 383 km, 2D survey over the Pate Prospect which pointed out extra nine leads on Blocks L4 & L13. According to Zarara, with the granting of the 18-month licence extension by the Ministry of Energy on its Block L4...