On Friday 27, 2015, Senegal will host the very first edition of Black Friday where big sales discounts will be offered on various products. The event is an initiative of Jumia, one of the major e-commerce dealers in Africa, and Hello Food, which is specialized in food delivery in Senegal. Director of Jumia Senegal, Patrick Farnole, said that “the aim of the Black Friday was to offer...

In South Africa, power company Eskom just signed an agreement with Agence Française de Développement (AFD) for the provision of a R3.2 billion loan (€214 million). The loan will be injected in Eskom’s distribution projects in the Eastern Cape, Limpopo and KwaZulu-Natal. These include grid strengthening, refurbishment, improving reliability, split metering and upstream grid reinforcement...

South Africa’s insurances N°1 Sanlam announced in a release published November 24, it was going to acquire a 30% stake in Moroccan firm Saham Finances for US$ 375 million, in the framework of its expansion plan in the Northern and Western parts of Africa. Saham will acquire these shares from World Bank’s subsidiary International Finance Corporation (IFC), and Abraaj group, the same release...

Towards improving its service delivery to customers, Total Nigeria Plc., has revealed plans to lunch extra eight solar-powered filling stations to complete a total of 10 competent stations throughout the country. The Managing Director of Total Nigeria, Alex Vovk, disclosed this during the launching of its Top Service scheme in Lagos. He stated that the company already has one solar-powered...

In Mozambique, the government has agreed to grant ONGC Videsh Ltd (OVL), the right to recover costs for one of its project in the country. Indeed, the company is to construct in Mozambique, a Liquefied Natural Gas (LNG) terminal to store gas products which are to be exported.This project is expected to be one of the biggest worldwide, with a capacity to produce 20 million tons of LNG every...

Israel’s partners on the Leviathan offshore natural gas field, have announced on Wednesday that they have signed an introductory deal to supply gas to Egypt through an existing underwater pipeline to the Sinai Peninsula. Leviathan is a gas field owned by a group led by Texas-based Noble Energy and Israeli conglomerate Delek Group. The deal allows the Leviathan field (which is...

Bowleven Plc. in its ongoing extended well testing update at Bomono, revealed that the Moambe well has reached a maximum stabilised flow rate of 7.3 Mmscfd through a 48/64 choke, with a flowing well head pressure of 664 Pounds per square inch gauge (PSIG) with no signs of exhaustion during the preliminary test period. Due to this, the well which has been moved into the proposed extended test...

The Nigerian Minister of State Petroleum Resources, Dr. Emmanuel Kachikwu and senior executives from the Nigerian National Petroleum Company (NNPC) this week made a visit to the United Arab Emirate (UAE) to meet with various government officials and major energy companies and discuss possible investment prospects in Nigeria. They were received by Alpha Group of Companies’ Chairman and CEO,...

Botswana will soon open a contract for the construction of a coal-powered power plant. With a capacity of 300MW, the infrastructure will be based in Morupule. With it, the country will be able to overcome the power deficit it currently faces, Minister of Mining, Energy and Water Kitso Mokaila said. “This decision will be made public by Thursday,” the executive said adding that the...

Golden Saint Resources Ltd, AIM-listed British firm with a solid portfolio of assets in the diamond sector in Sierra Leone, raised £170,000 through an offering of 680,000 new common shares at a unit price of 0.025 pence. The net proceeds of this offering will serve to meet global needs in working capital, the firm said on November 24, valuing charges associated to the offering to £11,900 and...