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News : Industry

THE Arusha-based Regional Air Services has started offsetting some of the company's carbon footprint with Carbon Tanzania as part of its corporate responsibility for sustainable welfare of people and environment. (AllAfrica)

Uganda government could earn over US$300million in taxes from the sale of a company disposing of its stake in Uganda's oil fields in Western Uganda, according to highly placed industry source. (AllAfrica)

POWER utility Eskom has caved in to pressure and reduced its tariff increase application from an initial 45% to 35%. (AllAfrica)

PAN-African microfinancier Blue Financial Services has had a tough time of late, plunging into a R162,3m loss for the six months to August. (AllAfrica)

The promotion is open to all MTN vendors and outlets involved in selling airtime and Sim Packs. It will be monitored by a team from MTN supported by their franchisees and distributors. The winner will be selected based on an analysis of the sales returns. (AllAfrica)

Vida Mensah, an executive of the giant steel company in Liberia ArcelorMittal, has won the 7th draw of the Cellcom "Live Your Dream" car raffle. (AllAfrica)

RwandAir has cancelled a leasing contract with Kenya based Jetlink Express after one of the aircrafts crash landed at Kigali International Airport (KIA). (AllAfrica)

MTN Rwanda has acquired the first and largest syndicated loan of US$18 million from six local banks for upgrading its network. (AllAfrica)

Tea firms are projecting a dip in performance over the second half of the year due to an anticipated increase in the supply of the commodity. (AllAfrica)

Haco Industries has diversified into the baby food market to grow its profits as its beauty care products face stiff competition from cheap imports and counterfeits. (AllAfrica)

Too many players in the fibre industry could herald a price war and increase instances of sabotage, analysts warn. (AllAfrica)

CRATE theft was the reason bread maker Pioneer Foods' sales staff ended up discussing bread prices with rivals Tiger Brands and Premier Foods, the company said yesterday. (AllAfrica)

JSE-listed investment company Remgro yesterday said net profit for the six months to September fell as its interests in financial services, mining and industrial businesses were hit by the economic downturn. (AllAfrica)

INTERFRESH Private Limited, a processor and marketer of agricultural and allied products, has been ordered to reinstate 14 workers it dismissed three years ago for demanding allowances. (AllAfrica)

ZIMBABWE Stock exchange-listed Celsys Limited suffered a US$635 000 operating loss as operating expenses ran ahead of turnover in the 14 months to August. (AllAfrica)

In line with its objective of increasing exploration and production of hydrocarbon resources with a view to growing the nations oil reserves to 40million barrels of crude, the Federal government on Tuesday renewed the leases of OLS 67, 68 and 70 shallow waters with Mobil Producing Nigeria Unlimited, under the NNPC/Mobil Producing Nigeria Joint Venture operation. (AllAfrica)

Projects worth N215 million have been inaugurated by Nembe community in Bayelsa State and Shell Petroleum Development Company of Nigeria Ltd (SPDC), the company has disclosed. (AllAfrica)

The Vice President, Dr. Jonathan Goodluck has described Peugeot Automobile Nigeria Ltd, PAN, as a national treasure and urged Nigerians and Nigerian based companies to patronise the brand. (AllAfrica)

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)