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...

Meeting with the press, MTN Ghana’s CEO, Ebenezer Twum Asante, affirmed the firm was ready and set to deploy 4G. MTN believes this technology is best solution to meeting the growing demands of consumers who have now saturated 2G and 3G. MTN Ghana is one of the four telecom companies to have bid during the auctions for the 800 MHz frequency spectrum, launched by Ghana’s National...

From sugar to maize, it is a change which can be triggered by drought. Indeed, Goodall Gondwe, Minister of Finance of Malawi, just announced that government would try to motivate Illovo Sugar to grow the crop, under contract, over vast arable lands. This move, which was suggested at the parliament, aims to decrease food deficit in the country next year. This year, the country had to import...

Congolese businessman Alieu Conteh who holds 49% of Vodacom shares in DR Congo appealed to the Kinshasa trade court filing a complaint against the telecom firm and its international arm. He claims they plotted to remove him from his position as statutory president of Congolese Wireless Networks (CWN), who holds the minority stakes of Vodacom Congo. Alieu Conteh is claiming a compensation of 197...

  According to the 2015 Global Gender Gap report of World Economic Forum published on November 19, Rwanda is the only African country in the top 10 of most advanced countries worldwide in terms of Gender equality. Out of the 145 countries listed in the ranking, Rwanda came 6th. The report is based on features such as: health, politics, and economy (wages, contribution to labor market,...

Nana Bouba, 6th largest fortune of Cameroon and 19th in sub-Saharan francophone Africa with a worth exceeding FCfa 184 billion (USD 310 million), according to the Forbes Africa ranking, has operated a total restructuring of his empire, by replacing the managing directors of the main companies. The holding Nana Bouba Group, a limited liability company with a capital of FCfa 10.5 billion is now...

In Somalia, following the approval of a bill by the legislators to attract foreign investment, the country’s Prime Minister Omar Abdirashid Ali Sharmarke (photo) on Tuesday, appoints new ministers for industry and energy. According to a decree read at the occasion, Abdrirashid Mohamed Ahmed is to replace Abdirahman Abdi Osman as the...

China’s Petroleum and Technology Development Corporation (CPTDC), a wholly owned subsidiary of China National Petroleum Corporation (CNPC), has announced plans to invest about $10 million in Egypt Li Qitang, Egypt’s chief office representative revealed. The $10 million will be used to gather and produce oil equipment locally in the country. “We...