As a way of expanding its range of lubricant products in the country, Oando Marketing Plc., has introduced a new synthetic lubricant, the Oleum SYN, an ultra-high performance fully synthetic engine oil, scientifically formulated with ultimate cleansing technology and designed for the most advanced modern petrol engines including Turbo charged ones. This new innovation was presented by the...

Rift Energy has announced that following the completion of pre-drilling works, it is now set to proceed with the drilling of its first well in Block L19 located in Kenya.  According to the company, the drilling will commence in the first quarter of 2016 and four drill-ready prospects have been identified including more than twenty extra leads with noteworthy reserve potential. Rift...

Airborne Oil and Gas on Thursday announced that a West African operator has placed an order for its Thermoplastic Composite Pipe (TCP) technology to be used for stimulation of fluid injection in deep water, offshore West Africa. The Netherlands-based composite pipe manufacturer did not disclose details about the customer nor financial details of...

Towards focusing on incorporating gas production with its supply business, Oando has voiced out plans to construct a $350 million gas plant in Nigeria. According to Bolaji Osunsanya (photo), MD of Oando Gas and Power unit, the plant which has a capacity to process 300 Mmscf/d of gas, will take about 2 years to be completed. He...

Air Algérie plans to establish a low-cost subsidiary to boost its competitiveness and profitability, the firm’s CEO, Mohamed Abdou Bouderbala, said on November 22. “This will increase our revenues and help us become more competitive”, he said, highlighting that the new entity would operate private and charter flights as well as provide air-taxi services and medical evacuation.....

Being the youngest continent in the world with nearly 70% of its population under 25 years old (OECD, 2011), Africa boasts an abundant labor force. These young people are a tremendous pool of talent and innovation. Thanks to their creativity, they are the lifeblood of tomorrow."That's why, through our challenge #KinPitch Special Youth, we want to promote creative and innovative projects with high...

Ferrex Plc, mining company with assets in Togo, Gabon and South Africa, announced on November 24 it was becoming Keras Plc. A general assembly is to be held on December 10 in Surrey, England, to evaluate this decision, reflects the company’s future and approve various ongoing management decisions. The transformation coincides with the firm’s decision to finance exploitation of Nayega...

In Morocco, Ozé communication agency has now partnered with Iprex, the international network of independent RP and communication agencies. With more than 70 members worldwide, the international institution thus extends to North Africa. Founded in 1983, Iprex allows independent public relations agencies to work with clients which operate on major world markets. The group introduces its...

Minister of Communication, Adebayo Shittu, in a statement on website Technology Times revealed that the final decision regarding the $5.2 billion fine imposed MTN Nigeria by Communication Commission (NCC) will be taken by Nigeria’s head of state Muhammadu Buhari. Negotiations between MTN and Nigerian authorities to find a solution to the issue have been going on since the beginning of...

Kenyan NIC Bank stated in a release published on November 25, it has gained 5.14 billion shillings ($50.43 million) in pre-tax profit during 2015’s first nine months, a result which is 8.5% more than that for the same period the previous year. The credit institution which has assets in Uganda and Tanzania also said that its net interest return was 7 billion shillings whilst its share profit...