In Zimbabwe, as parts of effort to achieve a yearly output of 41 million litres, Hippo Valley Estates' ethanol production licence has been extended by the Government. The company, which is a unit of Tongaat Hullett, a major agribusiness company in South Africa's, has begun ethanol production after years of suspension owing to the decline in prices. Desperate to control the country's rising fuel...

In Botswana, the Ministry of Minerals, Energy and Water Resources has announced to the public and other consumers that the retail pump price of petrol, diesel and illuminating paraffin is to reduced starting from Saturday December 4, 2015. In a press release issued by the Ministry, the changes are as follows: the retail prices for unleaded Petrol 93 will reduce by 17 thebe per litre, unleaded...

South Africa is planning to inaugurate a tender for its first Floating Liquefied Natural Gas (FLNG) import terminal by H1 of 2016, the head of the Department of Energy's IPP office Karen Breytenbach (photo) revealed. According to Breytenbach the aim is to start importation of LNG by 2018/19. She noted that the government in its plans, anticipates to inaugurate a request for pre-qualifications...

In Ethiopia, it is a real Christmas present that Ethiopian Airlines offered the Horticulture industry. Truly, the company has recently decided to cut its rates on freight for exporters of horticultural products, slumping down from 6% to 3%. With this measure, the airlines intends to support this sector which generated about $425 million over the 2013-2014 season ranking as the country’s...

MTN’s share in stock today 4th December 2015 started with a marked 4.6% decline after the firm announced a negative update relating to the $5.2 billion fine imposed to its Nigerian subsidiary after it failed to disconnect unregistered subscribers within the set deadlines. “Late on 3 December, the Nigeria Communication Council (NCC) sent a second letter superseding the first, informing...

Solar solutions provider M-Kopa just closed a deal which allowed it to raise $19 million. Led by Generation Investment Management, the raised fund will help M-Kopa achieve its objective which is to provide electricity to a million African households by 2017. “We demonstrate that solar technology can change lives of people who lack access to electricity, be a solution to all of the...

In order to support local entrepreneurship and development of innovating technologies, WeChat Africa plans to invest about $3.48 million in various tech start-ups. The most promising ones will be identified by WeChat Africa through and application-selection process, then they will be rapidly introduced to the market through the WeChat platform. WeChat Africa put the Batsone firm in charge...

It was about time DIFFA settled in Africa. The Paris-based firm whose acronym stands for Distribution Internationale de Films et de Fictions en Afrique (distribution of films and dramas in Africa) has indeed opened its francophone Africa bureau in Abidjan, Côte d’Ivoire. According to the French magazine “Jeune Afrique”, a second office was announced in Nairobi, Kenya, instead of...

Kenya’s public prosecutor ordered the national anti-corruption agency to inquire on allegations of embezzlement of more than a billion dollars from a Eurobond of $2.75 billion issued in June 2014, Bloomberg report on December 2. Anti-corruption agency, which should submit its report to the prosecutor within next ten days, is obliged to expose the various uses the funding from the Eurobond...

Towards boosting its share of the growing global market, Bonny Gas Transport (BGT) has commissioned four new vessels.According to the company, the four dual fuel diesel electric (DFDE) LNG carriers will be deployed to Nigeria LNG (NLNG) before the end of December. NLNG, is the operator of the Bonny Island plant. In 2013, it placed an order for six vessels worth over $1.2 billion from...