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SA may put off nuclear power plan until 2025
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| THE decision to build nuclear power plants in South Africa can be delayed, says the Department of Energy, as revised projections of electricity demand show that new nuclear power will not be required until after 2025 or even later.It also suggests thRead More... |
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US military repositions forces in Africa
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| The US military has repositioned its forces in the Horn of Africa in view of the increasing violence in South Sudan, which might require further evacuation of its people, the Pentagon has said. "The combatant commander is repositioning his forceRead More... |
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Telkom sells pan-Africa business
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| Telkom has sold its pan-African business, iWayAfrica and Africa Online Mauritius, in a private sale to Gondwana International Networks for an undisclosed sum.
The fixed-line telecommunications operator has described the business as an “immaterRead More... |
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Tanzania says to demand $258 mln tax on Ophir gas deal
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| Tanzania will levy a capital gains tax of at least $258 million on the proposed $1.3 billion asset sale of Ophir Energy's natural gas fields in the east African nation to a unit of Singapore's Temasek Holdings, its energy minister said.Ophir said lasRead More... |
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Edenville to Develop 100 Mw Power Plant At Tanzania Coal Play
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| A COAL exploring company, Edenville Energy has confirmed its intention to construct a 100 MW power station at its Tanzania-based Rukwa coal project, supplying energy directly into the country's proposed new power grid.This follows a recent indicationRead More... |
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38 GE Turbines to Power Kenya Wind Farm
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| The Kinangop Wind Farm in Kenya, developed by Aeolus Kenya and constructed by Iberdrola Engineering, will be powered by 38 GE 1.6MW wind turbines. The Kinangop facility will be one of the largest wind power generation projects to be built to date in Read More... |
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Indian expo in Nigeria hopes to boost bilateral trade
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| A three-day expo of Indian products and services in neighbouring Nigeria next month hopes to return bilateral trade to its peak of $17.3 billion, from which it has marginally declined, the Indian High Commission here says."IPASE-4 (Indian Products anRead More... |
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Vodacom introduces SaaS in Nigeria
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| Vodacom Business Nigeria has announced its Software as a Solution (SaaS) offering, an enterprise-class IT solution for all businesses that enables businesses to lower the operating cost (Opex) while maintaining office communication software and focusRead More... |
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BA Fetes On Business Partners in Nigeria
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| UK’s mega carrier British Airways recently celebrated its On Business partners in Nigeria during an evening graced with entertainment, raffle draw and fashion show featuring designs from the rising designer, House of Dorcas, held at The WheatbaRead More... |
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BA Fetes On Business Partners in Nigeria
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| UK’s mega carrier British Airways recently celebrated its On Business partners in Nigeria during an evening graced with entertainment, raffle draw and fashion show featuring designs from the rising designer, House of Dorcas, held at The WheatbaRead More... |
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South Africa's Telkom sells Mauritius IT business
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| South African fixed-line telecoms operator Telkom has sold its loss-making Mauritius internet business, it said on Sunday, part of a turnaround plan that includes talks about the future of the group's mobile unit. The financial details were not Read More... |
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Algeria invites Kuwaiti investors to do business
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| President of the Algerian Chamber of Commerce and Industry Al-Taher Qalil on Monday invitaed Arab investors to come to do business in his country and take advantage of the facilities granted by his government to foreign investors.Speaking to Kuwait NRead More... |
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ConocoPhillips closes $1.75B sale of its Algeria business
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| ConocoPhillips (NYSE: COP) said Wednesday it completed the sale of its Algeria business unit to Indonesia's state-owned PT Pertamina in a $1.75 billion deal.After customary adjustments, the sale resulted in proceeds of $1.65 billion for the Houston-bRead More... |
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Nigeria to benefit from Kenya's cultural tourism experience
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| Nigeria is set to benchmark with Kenya on cultural tourism and handicrafts to boost her tourism numbers. According to Kenya Tourism Board (KTB), Cross River State of Nigeria is keen on learning from Kenya’s cultural tourism product that has becRead More... |
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SMEs Reap Big in Frw 19.6 Billion Guarantee Fund
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| In a bid to support access to finance by small and medium enterprises, the Business Development Fund had by end of November disbursed credit guarantee funds worth Frw 19.6 billion related to 1,409 loans.The agriculture sector, which employs majority Read More... |
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