Industry

News : Industry

Tanzania: British Oil Firm Lands Lucrative Deal in Virgin Basin

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)


Kenya: Chinese Power Firm Makes Entry

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)


South Africa: Local Firms Feel Dubai Ripple

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)


Nigeria: Arik Commissions New External Rep for North America

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)


Namibia: Bank Celebrates New Name And Location

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)


South Africa: Transnet Suspends Two Senior Employees

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)


Uganda: Uganda-Re Finally Coming On Board

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


Uganda: Supersport Seals Premiership TV Deal

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)


Nigeria: Leo Stan Ekeh - Building a Global Brand At Zinox

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)


Kenya: Kenolkobil Wins Oil Supply Tender But Raises Concerns Over Piracy

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


East Africa: Battle for Subscribers As Third Mobile Firm Launched

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)


Nigeria: Omatek Maps Out Growth Strategy, Holds Maiden AGM

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)


Nigeria: Glo Broad Access Shows Commitment to Seven-Point Agenda - Bilbis

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)


Nigeria: Outdoor Advertising Union Wants More Presence in FCT

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)


Nigeria: Unity Bank Deploys Banking Technology Solutions to Fair

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)


Zimbabwe: NTS Capacity Utilisation Rises to 60 Percent

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


Nigeria: Naicom Targets Zero Complaint on UN-Settled Claims

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)


Nigeria: Plans to Resuscitate Jos Breweries Underway

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)


South Africa: Nifty Timing in Transnet French Fund Raising

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


South Africa: First-Half Profits Dive As Sentula Fights to Recover

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)


Africa: O-Line Seeks Expansion in Rest of the Continent

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


South Africa: Liberty Reports Profit for Third Quarter

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)


South Africa: Farmers Prepare to Tackle Sasol

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


South Africa: French Giant Squeezes Small Local PR Firm Orange Ink

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)


South Africa: Old Penalty Comes Back to Haunt Telkom

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)


Kenya: Firm Launches New Trucks in Market

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


Kenya: Ferry Firm Seeks Tenders for Expansion of Jetty

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


Ghana: Vodafone First Internet Café Opens

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)


Ghana: Ministry Extols Nestle

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


Ghana: Reha Medical Group Deepens Corporate Social Responsibility

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)


Gambia: Africell Gives Teleprompter to President Jammeh

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)