Ghana invite Malaysia in oil exploration
The Ghana High Commissioner to Malaysia, Daniel Abodakpi has extended a warm hand of friendship for Malaysian experts to partner Ghana in its oil and gas industry.
The High Commissioner expressed this sentiment at a reception organised to mark the 53rd Independence Anniversary of Ghana which fell on Saturday 6th March 2010. The reception was attended…
Sierra Leone: Ecobank acquires ProCredit
ProCredit bank (SL) Ltd Sierra Leone has announced that they are unable to meet the 'new' regulation of the Sierra Leone's Central Bank and therefore will soon pass off ownership to Ecobank.
The transfer will enable Ecobank to expand business operations in the microfinance sector and thus strengthening the group of 30 affiliated banks…
Standard Bank, OFID sign deal
South Africa's Standard Bank and the Organization of Petroleum Exporting Countries (OPEC) Fund for International Development (OFID) launched two unique African development financing initiatives. The first of the OFID/Standard Bank initiatives is a smallholder Risk Sharing Agreement, which is to work in support of the Agriculture Guarantee Fund…
Emirates Airline unveils new route to Dakar
Emirates Airlines has unveiled its intention to commence direct flights to the Senegalese capital, Dakar. According to a statement released Monday by the embassy of United Arab Emirates (UAE) in Dakar, the airlines said from the 1st September it will commence its non-stop flights to the Senegalese capital, five times a week.
According to the statement,…
Ethiopia expands oil exploration
Ethiopia has seen an increasing number of oil exploration companies over the past ten years. Oil exploration in that country started in 2000 by the Hunt Oil, an American company. The country can now boast of about eleven companies all exploring oil.
The eleven companies are working in petroleum exploration and prospecting with the 19 agreements in…
Zambia: BP to sell five African units
BP Plc's Zambia marketing wing is among the five African units lined up for sell by the London based global oil giant. BP Plc said it will sell its marketing operations in Namibia, Malawi, Tanzania, Zambia and Botswana after a 'strategic review' into its African operations.
BP Plc said it will focus on South Africa and Mozambique while…
Ethiopia: Firm sign deal with Tullow Oil
SouthWest Energy (Ethiopia), a company largely owned by Tewodros Ashenafi, struck a deal with Tullow Oil Plc of the United Kingdom (UK) last week, reliable sources disclosed.
SouthWest Energy secured three blocks that cover 29,000 square kilometres in the Ogaden Basin of Eastern Ethiopia, after it signed a product sharing agreement with the Ministry…
Lebanese to sue for Ethiopian crash
A multimillion dollar lawsuit is imminent against American plane manufacturer Boeing in a US court by relatives of those killed aboard an Ethiopian Airlines plane that crashed into the Mediterranean off Lebanon in January, according to their lawyer.
"We have filed, in Chicago, a petition for discovery which in this case was filed against the Boeing…
WC 2010: SAA operates 24hrs
South African Airways [SAA] is going to commence a 24-hr schedule ahead of the upcoming World Cup in that country.
A statement from the SAA Manager of External Communications, Group Corporate Affairs, Sarah Uys in Johannesburg said: “We intend to operate a 24-hour schedule to accommodate the various match times and people wanting to move around…
SA: Workers strike over 24% power hike
South African trade unions are threatening strikes after the country's government allowed state-owned power firm Eskom to raise prices by 24.8%. Both consumers and businesses will struggle with significantly higher electricity bills, the unions argue. They said the cost were a "double whammy".
The Johannesburg Chamber of Commerce and…
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