Swala Energy Limited has said it has agreed with Magna Equities II LLC the provider of an interim financing mechanism entered into by way of provision of Convertible Notes in December 2014.
Under the agreement Swala Energy says it shall undertake to redeem all of the outstanding 452,381 Convertible Notes currently held by Magna at a cost of US $598,500.
According to the Australian explorer’s CEO Dr. David Mestres Ridge the Company has decided to u.... Read more »
Posted on : Friday , 23rd October 2015
Kampala — National Social Security Fund (NSSF) will invest in public infrastructure and small and medium enterprises, managing director Richard Byarugaba has revealed.
Posted on : Friday , 23rd October 2015
The fully fledged institute will be located on the land where the Central Police Station is currently situated.
Posted on : Friday , 23rd October 2015
The African Wildlife Foundation (AWF), through support from Usaid/Uganda Tourism for Biodiversity Programme (T4B), has donated road construction equipment worth $ 1,333,823(about sh4.8b) to Uganda Wildlife Authority (UWA).
Posted on : Friday , 23rd October 2015
The United Nations Food and Agriculture Organisation (FAO) in Tanzania has said it was ready to work with the government in implementing appropriate social protection policies that will help in increasing the agriculture productivity in the country.
Posted on : Friday , 23rd October 2015
President Jakaya Kikwete officially launched a project that will position the University of Dodoma (UDOM) as one of Africa’s leading colleges in renewable energy and sustainability.
Posted on : Friday , 23rd October 2015
The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax.
The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm.
Prime assets
With a basket of profitable private equity investments and a remarkably consist.... Read more »
Posted on : Friday , 23rd October 2015
South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region.
The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home market after a Swiss acquisition in 2007 and the stake it bought in Britain’s Spire Hea.... Read more »
Posted on : Friday , 23rd October 2015
Base Titanium is calling on the government to put in place policy and legislative frameworks that can help attract more international mining companies to come invest in the largely unexplored sector.
Base Titunium General Manager, Joseph Shcwarz says this is the only platform that will see the country unlocking the potential within the sector.
In East Africa, Kenya lags behind Tanzania when it comes to mining industry.
To help improve tid.... Read more »
Posted on : Friday , 23rd October 2015
Oil exploration and production in Uganda require extreme caution to prevent environmental damages according to Dr Peter Blomeyer the German ambassador to Uganda.
The ambassador noted that Uganda’s oil and gas resources have been discovered in environmentally sensitive areas such as forests, national parks, lakes and rivers. Uganda’s Petroleum resources are now estimated to be 6.5 billion barrels of oil in place. This is up from 3.5 billion barrels that was.... Read more »
Posted on : Friday , 23rd October 2015
The country’.... Read more »
Posted on : Friday , 23rd October 2015
Speaking at a recent marine industry event, the company’s CEO, Francois Kuttel, had said that the company is going to upgrade its existing operations in Namibia. Oceana will replace its fishmeal production facility in the country that will increase its production capacity by 2,000 tonnes. “We are putting a new fishmeal plant in our cannery in Namibia with better technology and better quality. It will deal with trimmings from our canning operations,” Kuttel said. Th.... Read more »
Posted on : Friday , 23rd October 2015
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