Dollar trade and investment in Africa

 For many, the most emblematic moment of Washington's maiden Africa summit on 4-6 August came at the end of an intense day of economic and commercial debate on 5 August, when President Barack Obama sat in on a 15-minute discussion with Takunda Chingonzo, a 21-year-old internet entrepreneur from Zimbabwe. It was a conversation of the free-ranging kind that Obama had specified for the following day at the Leaders Summit. It was also a signal that the USA wanted to send about its.... Read more »

Posted on : Tuesday , 9th December 2014

Partnerin in major investments towards development in Africa

 The Johannesburg to Durban route is the busiest economic corridor in the country and Harrismith is right in the middle. Harrismith also links in a star-like formation with other major economic cities such as Bloemfontein, Klerksdorp, Maseru and Richards Bay. As a result, the Maluti-A-Phofung local municipality and Harrismith are well situated in terms of freight volume movement through the area. The Harrismith Logistics Hub will be able to provide valuable value-added logistics.... Read more »

Posted on : Tuesday , 9th December 2014

CAMAC Energy Announces Additional Drilling Rig for Offshore Nigeria

 CAMAC Energy has reported that it has signed a contract with a subsidiary of Transocean Ltd. for the provision of the semi-submersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria.   The contract allows for the drilling or completion of up to three wells, and CAMAC intends to use the rig to accelerate timing of the tie-in of production from the Oyo-7 and Oyo-8 development wells.   With the ability to drill a third well, and an.... Read more »

Posted on : Tuesday , 9th December 2014

RAK Petroleum Increases Côte d Ivoire Stake

 Oslo-listed oil and gas investment company RAK Petroleum plc has announced that it has increased its stake in Côte d’Ivoire Block CI-27 to 9.1 percent following the acquisition by Foxtrot International LDC and other members of the joint venture of their pro-rata shares of the 12 percent interest previously held in the block by Energie de Côte d’Ivoire SA.   Following the transaction that was closed on December 1 the Company now has a one-third.... Read more »

Posted on : Tuesday , 9th December 2014

Mart Resources confirms oil flow through the Umugini pipeline

 Oil flow has commenced through the 51-kilometer long Umugini pipeline and into the Trans Forcados crude oil export pipeline system that connects to the Forcados oil export terminal. The commencement of continuous oil injections from the 12-inch Umugini pipeline to the Trans Forcados export pipeline followed the completion of pipeline tie-in at the Eriemu flow station and other start-up activities including line fill. Mart holds an effective 15% interest in Umugini Asset Company,.... Read more »

Posted on : Tuesday , 9th December 2014

Nigeria gets $200m renewable energy loan from Germany

 Nigeria has received a green loan facility from the German Development Bank (KFW) worth $200 million to develop her small scale renewable energy sector, This Day reports. The loan is aimed at development of renewable energy sources and other energy efficiency projects.   This was disclosed by the leader of the German delegation; Renate Von Bodden at a Bi-national Commission’s meeting on energy between both countries in Abuja.   Von Bodden equally announced.... Read more »

Posted on : Tuesday , 9th December 2014

FG, GE sign MoU for $1bn investment implementation

 The federal government and General Electric (GE) signed a Memorandum of Understanding (MoU) yesterday for the implementation of a $1 billion investment plan, Leadership reports.   GE’s Global Chairman, Mr. Jeff Immelt had in January 2013 announced the $1 billion investment plan for Nigeria out of which $250 million will be earmarked for capital expenditure of the construction of a multi modal manufacturing and Assembly facility in Calabar, Cross Rivers.... Read more »

Posted on : Tuesday , 9th December 2014

Strategic market information on African Industrialization

  NKC Independent Economists has put together reports on industries and sectors on the African continent with strategic market information that that may be useful to your company. These reports are specialised in that they focus on a specific sector within Africa, and includes insights into Industrial Manufacturing The impact of manufacturing on economic development has been widely studied. Very few countries have been able to grow and accumulate wealth without investing in.... Read more »

Posted on : Monday , 8th December 2014

Diligence services offered for Companies investing in Africa

 Investing in Africa can be seen as both a risk and a profit for future economic growth. The World Bank released its latest Global Economic Prospects report in July 2014, suggesting that sub-Saharan Africa will once again be amongst the fastest growing regions in the world. But when doing business in Africa, it is highly advised to check who you are investing your money in. Fraud in Africa is steadily increasing and it is crucial to be up to date if you are planning on.... Read more »

Posted on : Monday , 8th December 2014

Mauritius Corporate firm seeks partners in Africa

 NWT is a group of companies offering trust and corporate services to both Corporates and High Net Worth individuals. NWT is headquartered in Mauritius, with subsidiaries in Switzerland, Hong Kong, Canada, British Virgin Islands, and Nevis. Its two main operating companies are NWT Management SA. and NWT (Mauritius) Limited. The company is now seeking to develop lasting relationships with companies and investors who have the network and capabilities to tap the African.... Read more »

Posted on : Monday , 8th December 2014

BP s operates the world s first robotic coreflooding system

 BP recently announced that it is now operating the world’s first robotic coreflooding system the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities.   Coreflooding which is one of the most important techniques used to identify and evaluate EOR technologies measures the effectiveness of water or gas injected into an oil-bearing rock sample to displace oil and can also be used to assess the potential for water flooding in.... Read more »

Posted on : Monday , 8th December 2014

ENI plans to diversify natural gas exploration in Mozambique

The ENI group wants to use different methods for natural gas exploration in the Rovuma basin in northern Mozambique and production is expected to start in 2019, the Managing Director of the company for the region said Wednesday in Maputo.   Fabrizio Trilli said the success of the Italian group’s project should not be limited to extraction and export of liquefied natural gas (LNG), so the group, as early as 2015, want to start construction of a power plant in Palma.... Read more »

Posted on : Saturday , 6th December 2014