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News : Industry

Omatek Ventures Plc has declared a dividend of N147.09 million in its 2009 financial year, representing a dividend per share of N0.05 each. (AllAfrica)

Former Bank of Tanzania (BoT) director personnel and administration Amatus Liyumba was a key coordinator in the twin tower project, the Kisutu resident magistrate court heard yesterday. (AllAfrica)

Tanga Cement (TCC) expects brisk business from implementation of the East African Community (EAC) Common Market, its officials have said. (AllAfrica)

The Governor of Oyo State, Otunba Christopher Adebayo Alao-Akala has approved the change of the nomenclature of Radio O.Y.O. 2. located at Mapo Hill, Ibadan. (AllAfrica)

The Federal Executive Council (FEC) yesterday approved N71 billion contract for road rehabilitation across the six geo-political zones and contract for the procurement of 116 units of Peugeot brand of cars for the Nigeria Customs Service (NCS) from the Peugeot Automobile of Nigeria Limited. (AllAfrica)

Globacom Limited, the Official Sponsor of the National Teams of Nigeria, has rejected claims by the Nigeria Football Federation (NFF), that it has defaulted in the payment of the sponsorship fee for 2009 and says it may seek redress in court if the federation fails to retract the statement. (AllAfrica)

The re-branding Nigeria campaign was boosted yesterday with the donation of a brand new website to support the initiative. (AllAfrica)

First indigenous computer company to be quoted on the Nigerian Stock Exchange (NSE), Omatek, has declared its intention to pay N174 million dividend to shareholders of the company for the year ended June 31, 2008. (AllAfrica)

The hit television programme; "Big Brother Africa Revolution" and African private sector companies are supporting the Global Fund's fight against malaria by contributing funds from a high-profile awareness raising campaign, undertaken as part of the United Against Malaria campaign. (AllAfrica)

Shell's reentry into the Niger Delta has started yielding expected jumps in production figures as the oil giant prepares to reclaim its status as Nigeria's lead oil and gas producer. Shell Petroleum Development Company (SPDC) weekend declared record gas production for the nation's internal distribution grid targeted at meeting rising industrial and commercial demands in the domestic market. (AllAfrica)

Promasidor Nigeria Limited, the makers of Cowbell, Top Tea and Onga Seasoning, has launched Amila Powdered Juice and Milksy Choco as part of the company's plan to satisfy the customers' need. (AllAfrica)

FIRSTRAND , one of SA's big five banking and financial services groups, said spin-offs from the unwinding of the economic downturn would drive its earnings into the 2011 financial year, particularly in an improvement in nonperforming loans. (AllAfrica)

MURRAY & Roberts yesterday masked its dismay at announcing an expected fall in earnings in the six months to December by assuring shareholders of a robust order book and said that its international business was showing signs of life after being knocked down by the effects of the global recession. (AllAfrica)

QUANTUM Property Group , which listed on the JSE's AltX board last October, exceeded its prelisting forecasts in its maiden annual results. (AllAfrica)

MASSMART, the owner of Game, Builders Warehouse and Makro retail chains, warned yesterday that profit for the six months to December would come in below last year's level. (AllAfrica)

JUNIOR miner Central Rand Gold (CRG) said yesterday the Financial Services Board (FSB) had rejected a complaint by its 26% empowerment partner, Puno Gold Investments, that CRG had issued false information to its investors. (AllAfrica)

TRANSNET announced yesterday it had secured a R2,2bn untied loan from a French development bank to partly fund the expansion of its container terminal in Cape Town and hinted that its multi- billion-rand investment plan might increase 10% over the next five years. (AllAfrica)

SASOL, Statoil of Norway and US- based Chesapeake Energy have made a joint application for onshore petroleum exploration rights in SA. (AllAfrica)

Government has finalised negotiations with undersea fibre-optic cable operator SEACOM where the latter will deliver the Synchronous Transport Module (STM-1) in Rwanda on Saturday November, 2009. (AllAfrica)

Millicom International Cellular, the global telecommunications company that operates under the Tigo brand has just launched its mobile phone services to the Rwandan market. (AllAfrica)

FBC Holdings will soon be asking shareholders to raise US$20 million for recapitalisation of its banking arm, FBC Bank, it has emerged. (AllAfrica)

Rwanda's national carrier, Rwandair has signed contracts with two Rwandan pilots ahead of the arrival of its two 50 sitter CRJ200 aircrafts by the end December 2009, Management said on Tuesday. (AllAfrica)

MITCHELL and Mitchell -- the exporter of horticultural produce -- is insolvent and its directors have filed an application for provisional liquidation. (AllAfrica)

Chevron Nigeria Limited has donated internet facilities to Bayelsa State council of the Nigeria Union of Journalists. (AllAfrica)

Skye Bank Plc and the British Council have gone into a strategic partnership in the area of human capital and manpower development with the objective of developing the skills and competences needed for nation building and economic empowerment. (AllAfrica)

Resort Savings and Loans Plc has announced its plans to invest about N7 billion in the real estate segment of the Nigerian economy in the year 2010. (AllAfrica)

An American-Slovak investment group, Bay View, has pledged to remain firm and committed to the continued investment in Rwanda for the development of human resources and socio-economic development of the country. (AllAfrica)

Total Gambia Limited, Subsidiary of Total France, on Saturday, November 21st held a dayÂ's traning session for its staff in the conference hall of the Senegambia Beach Hotel located in Kololi. (AllAfrica)

World leading industrial solutions group, Atlas Copco, plans to expand its operations in Botswana, using its newly opened headquarters to penetrate the mining and construction industries. (AllAfrica)

An Accra Commercial court looking into disagreements of some members of the Convention People's Party (CPP) on the issue of the seventy percent sale of the nation's Telecommunication Company to Vodafone International Holdings BV of the United Kingdom (UK), has referred certain portions of the sales and purchase agreements of the deal to the Supreme Court for determination. (AllAfrica)

John Mirenge, chairman of RwandAir was pacing up and down from the intensive care unit to the reception at King Faisal Hospital in Kigali. His phone was ringing off the hook. Calls were coming in from all corners of the world inquiring about the November 12 RwandAir accident at Kigali International Airport. The victims had been rushed to the hospital. (AllAfrica)