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News : Industry

British firm Solo Oil will spend $10.7 million to fund a buyout agreed upon with Aminex for a 12.5 per cent interest in the Likonde-1 well in Southern Tanzania. (AllAfrica)

A Chinese energy firm has chosen Kenya as its entry point into East Africa, where it expects to invest millions of dollars in the next three years. (AllAfrica)

MURRAY & Roberts and its partner, HMRT Joint Venture, said on Friday they were battling to recover outstanding payment for work done at the Dubai International Airport Terminal 3 and Concourse 2 project for Dubai 's d epartment of c ivil a viation. (AllAfrica)

AVIAREPS has been commissioned by Nigeria's largest commercial airline, Arik Air as its external representation company in the United States of America and Canada. Both companies have signed a GSA agreement for the North American markets with AVIAREPS, the world's leading international representation company handling all future sales, trade marketing and ticketing activities on behalf of Arik Air. All operations will be performed by the AVIAREPS team in New York, headed by Eric Pechstein, general manager of North America. (AllAfrica)

Bank Windhoek's Capricorn Branch was officially opened on Thursday, 19 November 2009 at an event hosted by the branch to celebrate its new name and relocation. (AllAfrica)

Two senior employees at the Transnet Freight Rail (TFR) have been suspended following investigations into alleged irregularities into the award and implementation of a multi-million rand tender. (AllAfrica)

TWO foreign strategic investors in partnership with local players have expressed interest in establishing a national re-insurance company. (AllAfrica)

DIGITAL Satellite Television (Dstv) has pledged a comprehensive coverage of Premiership football for the next three seasons after sealing broadcasting rights for the English Barclays Premier League. (AllAfrica)

Leo Stan-Ekeh is the chairman and chief Executive of Zinox Technologies Limited manufacturers of Zinox computers, Zinox arguably sis the most popular computers in Nigeria having pushed other brands most of them international far behind. (AllAfrica)

KenolKobil Ltd has won the Kenyan government tender to deliver crude oil and diesel in the month of January 2010. (AllAfrica)

Millicom International Cellular has finally gone live as the third national mobile operator in Rwanda, with a initial capital investment of about $50 million. (AllAfrica)

Omatek, the first computer company to be listed on the floor of the Nigerian Stock Exchange, shortly, after it exited the SME scheme, last Tuesday presented its facts behind the figures to stock brokers in Lagos with a proposed divided of N174 million. (AllAfrica)

Honourable Minister of State for Information and Communications, Alhaji Aliyu Bilbis last week, in Lagos said Globacom , Nigeria 's national telecoms operator has proven that it is a reliable partner in the achievement of the cardinal objective of President Umar Musa Yar'Adua administration's 7-point agenda through the launch of Glo Broad Access, (AllAfrica)

The Outdoor Advertising Association of Nigeria (OAAN) has called on the Federal Capital Territory Administration (FCTA) to revisit the 5-year tenure agreement reached with the Association to create room for its members to practice in the city capital. (AllAfrica)

Unity Bank Plc has deployed full banking technology at the on-going 30th Kano Trade Fair which is expected to end tomorrow, a statement from the bank said. (AllAfrica)

National Tyre Services Limited said last week capacity utilisation rose to 60 percent during the past six months from 30 percent. (AllAfrica)

National Insurance Commission said it is working to ensure that complaints about un-settled insurance claim becomes a thing of the past in the nation's insurance industry (AllAfrica)

A financial/management consultancy agreement designed to reposition the Jos International Breweries (JIB) has been signed between the company and Plateau Investment and Property Development Company Limited on one hand and Akintola Williams Deloitte, a renowned consultancy management firm on the other. (AllAfrica)

AT FIRST glance, the loan Transnet secured from the French development bank seems like an ordinary financial transaction. (AllAfrica)

COAL mining and services company Sentula's net profit for the first half plunged 87% as the company struggled to recover from volatility in the global commodities market. (AllAfrica)

INFRASTRUCTURE, cabling structural support and galvanising company O-Line is targeting Canadian and Australian mining companies in Mozambique, Angola and Ghana. (AllAfrica)

LIFE assurance group Liberty Holdings said on Friday it was profitable in the third quarter and that year-to-date losses were lower than that reported in the six months to June 30. (AllAfrica)

PETROCHEMICALS group Sasol was bracing itself for claims arising from its contraventions of competition laws, CE Pat Davies said on Friday. (AllAfrica)

FRENCH telecoms giant Orange has issued legal threats to Johannesburg public relations firm Orange Ink, demanding that it change its name and accusing it of copyright infringement. (AllAfrica)

TELKOM could have to pay R3,7bn in penalties for anti-competitive behaviour after the Supreme Court of Appeal overturned a high court order and ruled that the Competition Tribunal had the power to decide on a long-running complaint. (AllAfrica)

An Indian vehicle manufacturer has launched its brands in the Kenyan market in a move that is bound to intensify competition. (AllAfrica)

Kenya Ferry Services Limited has requested tenders for the expansion of its Peleleza mooring jetty to accommodate the two 70-metre new ferries. (AllAfrica)

Vodafone Ghana has officially opened its first Internet Café at Cantonment in Accra. The Internet Cafe, together with a Wifi area has Wifi hotspot and a seating capacity for 100 customers. The facility provides a world class high speed internet services at a cost of GH¢2.5 per an hour, guaranteeing customers value for their money. (AllAfrica)

The Ministry of Youth and Sports has copiously commended beverage producers, Nestle Ghana Limited, for rallying behind the country's sports, especially athletics. (AllAfrica)

Reha Medical Group Limited, a leading importer of health equipment into Ghana and other countries in Africa has presented a sponsorship package to the Medical Students' Exchange Programme. (AllAfrica)

The Gambian leader, His Excellency Sheikh Professor Alhaji Dr Yahya Jammeh, yesterday afternoon received a donation of teleprompter worth US 10,000 (ten thousand dollars) and a threshing machine from the country's GSM giant, Africell, during at a ceremony held at State House, Banjul. (AllAfrica)