French oil giant TotalEnergies has started drilling oil wells in Uganda as part of the massive East African Crude Oil Pipeline project that has been opposed by environmental and human rights groups. TotalEnergies said Wednesday it had started drilling at its Tilenga project on the northern end of Lake Albert in Uganda this month “to […]
Tag: Company News
Harare — The Competition Tribunal has accepted Takatso Aviation’s proposed acquisition of a 51% holding in South African Airways (SAA), but with restrictions, including a ban on layoffs and the sale of minority shareholders’ shares, EWN reports. The choice has put Takatso and the department on track to complete the regulatory framework required to pump […]
FBNBank has introduced an innovative and exciting career-shaping opportunity for young persons between 11 and 14 years old at the basic school level dubbed “Junior Internship” through which early adolescents who are customers of the bank undertake an internship programme at FBNBank with additional benefits. The first-in-the-market, FBNBank Junior Internship programme which was rolled out […]
IN SHORT: A Facebook page is offering investment opportunities in the name of a popular investment app in Nigeria. But beware: The company says it is not affiliated with the scheme. “Good evening everyone I thank God almighty for making this great platform (PIGGYVEST INVESTMENT) real for me.When I was told,I was thinking it was […]
IN SHORT: A Facebook page is impersonating a popular app and offering false loans. Palmcredit has urged Nigeriansto keep an eye on its verified social media accounts. “Hi, I’m your Online Virtual assistant palmCredit. How can I assist you,” reads a post on Facebook. It was posted by the account Instant Loan Online – Palmcredit […]
IN SHORT: A Facebook page impersonating First Bank promises loans to small businesses in Nigeria. But it’s all a scam. The Facebook page FIRST BANK of Nigeria claims to offer loans to small and medium enterprises (SMEs) in Nigeria. One 6 April 2023 post has an image with the message: “Let’s make your success story […]
Harare — The Democratic Republic of the Congo (DRC)’s national mining corporation and the United Arab Emirates agreed to a $1.9 billion contract to develop at least four mines in the country’s troubled east, Al Jazeera reports. The cooperation between Societe Aurifere du Kivu et du Maniema (Sakima) and the Emirati government was inked in […]
The International Centre for Settlement of Investment Disputes (ICSID) reportedly ordered the Tanzania government to pay more than U.S.$109-million to a group of companies fronted by Australian miner Indiana Resources Ltd in compensation for the controversial 2018 expropriation of a nickel mine project. An ICSID ad hoc tribunal on July 14 ruled that the government breached […]
In the ninth edition of its ‘Dream Car Promotion’, Vodafone Ghana has awarded a brand-new Suzuki Swift GLX to Michael Archer, a resident of Suhum. The promotion, which is in its tenth cycle and runs every six months, has rewarded customers over the years with cars, houses, mobile phones, cash prizes, and other exciting packages. […]
Harare — In a first for South Africa’s national ports business, the largest harbour in Africa, Port of Durban, will be operated and controlled in part by International Container Terminal Services Inc. of the Philippines. “Private sector participation in Pier 2 is a key catalyst for repositioning the Port of Durban as a container hub […]
The Seychelles Ports Authority (SPA) is digitalising its services with the launch of a Management Information System (PVMIS) with the aim to make them more efficient and faster. The project is expected to be fully operational by January 2024 and the final details will be worked on in the coming months. The whole project will […]
The merger will unite the salt maker with Dangote Sugar, owners of sub-Saharan Africa’s largest sugar refinery, and Dangote Rice into a single entity. NASCON Allied Industries Plc, the salt-making arm of the conglomerate Dangote Industries Limited, will contemplate a business combination with two other food companies in the group during a meeting of its […]
PIEX Group, a major leader in the distribution of health and well-being products in Africa, generated 144 million euros of revenues in 2022, a 6% increase on the previous year. This performance was achieved despite a difficult environment marked by very high inflation, numerous supply disruptions due to the conflict in Ukraine (more than €5 […]
Harare — A coroner has determined that three British nationals who perished in an aircraft crash were unlawfully killed, BBC reports. Sam Pegram, 25, Oliver Vick, 45, Joanna Toole, 36, and other British humanitarian workers perished in the March 2019 plane crash outside Addis Ababa, Ethiopia, along with 157 other passengers. According to testimony given in […]
Top government projects in Seychelles, which include a multi-storey car park and a facelift of the Regatta site at Beau Vallon and a waterfront in the capital Victoria, are on track, said a top official. The announcement was made by the Minister for Investment, Entrepreneurship and Industry, Devika Vidot, on Friday after meeting with representatives […]
President Cyril Ramaphosa has called on Congolese businesses to invest in South Africa and for local companies to do the same. The President labelled the Democratic Republic of the Congo (DRC) as the beating heart of Africa, with immense importance to the continent’s history. “The DRC has an equally important role to play in the […]
Schneider Electric, the leader in the digital transformation of energy management and automation, has partnered with Don Bosco Youth Technical Institute in Lilongwe, Malawi and Don Bosco Mozambique, based in Maputo and Inharrime, in which Schneider Electric will be providing professional didactic benches for training purposes to the institutions. Under the auspices of the Schneider […]
Keetmanshoop — The Namibia Industrial and Development Agency is in the process of closing down all small and medium enterprises stalls in the country of tenants operating at its facilities, who failed to honour their monthly rent. Wessel !Nanuseb, senior manager of corporate services and HR said due to these defaulters, Nida has become unable […]