Anadarko Petroleum on Tuesday revealed that, it has signed a Unitization and Unit Operating Agreement (UUOA) with Eni, for the development of the massive natural gas resources that connects Offshore Area 1 and Offshore Area 4. The Offshore Area 1 is operated by Anadarko Mozambique Area 1 Ltd. (AMA1) while the Offshore Area 4 is operated by Eni East Africa (EEA). Under the UUOA and formerly...

In Angola, an inspection, repair and maintenance (IRM) company, Harkand, has been awarded a three-year contract to provide its services for a leading international oil company operating in Cabinda. The company is to use its newly improved multi-purpose dive support vessel (DVS) Swordfish to support the project with surface gas and saturation diving services. As a matter of fact, $10.5...

Subsequent to a successful linkup to the Volta River Authority’s (VRA) main gas pipeline, the company has announced that it has resumed the supply of gas from Ghana Gas, a statement from Ghana Gas reveals. The Corporate Communications Officer, Alfred Ogbamey (photo), in the statement noted that Ghana Gas has resumed the supply of an average 109 Mmscf/d of gas to Aboadze in which VRA is to use...

Nespresso goes full speed in Africa. After establishing itself in Senegal last June, the Swiss brand now annouced it would open shop in Libreville next year’s beginning. This landing in Gabon is the most recent manifestation of the group’s desire to expand throughout Africa. “We plan to keep expanding in the continent because it holds a long and medium term potential and we also have here...

Born from the transformation of Mwana Africa, the Asa Resources Group recorded over the sixth months ended last September 30, an after-tax loss of $3.359 million in its nickel assets in Zimbabwe. The company revealed on December 1st in an unaudited report, this situation happening in its Bindura Nickel Corporation subsidiary in which it holds a 74.73% stake. This subsidiary owns and...

Mobile operator Safaricom submitted an emergency request to the Supreme Court of Kenya so as to block the acquisition of Telkom (Orange Kenya) by Helios Investment Partners. The reason that led to this action is the 639.8 million Kenyan shilling that Orange’s Kenyan subsidiary owes the subsidiary of British telecom group Vodafone. According to Stephen Kiptinness, Safaricom’s lawyer, Telkom...

American private equity giant Carlyle Group plans to invest in five more companies in sub-Saharan Africa next year, Bloomberg reported on December 1st citing the group’s head. “Carlyle is targeting the banking, consumers, manufacturing and data processing sectors in sub-Saharan Africa to add five new companies from this region to its assets’ portfolio which currently counts four African...

The Swiss cooperation just provided Burkina Faso a 1.6 billion FCFA funding. It will be used to purchase affordable, good quality agricultural fertilizers. The funding comes under the “fertilizers’ section of the scheme to support modernization of households’ agro-pastoral exploitations (PAMEFA). The scheme is to be implemented over three years. According to Burkina’s minister of...

CFAO is pleased to announce the appointment, effective from November 10, 2015, of Marc Hirschfeld to his new position as CEO of CFAO Automotive Equipment & Services Eurafrica. The 48-year-old executive will oversee operations of CFAO Automotive Equipment & Services in East Africa, the Maghreb, French Overseas Territories and Asia. He is replacing Bertrand Thiébaut. Marc Hirschfeld...

As the talks are ongoing at COP 21 in Paris, states and private investors are already mobilizing themselves for the realization of various objectives. In fact, yesterday the International Solar Alliance for Mission Innovation and Breakthrough Energy Coalition was launched, initiatives aimed at promoting the use of clean technologies, especially in the energy sector. Led by Indian Prime Minister...