As discovery succeeds discovery, the Gulf of Guinea is shooting up the ranks of global oil and gas producing regions—and servicing its demands is Luba Freeport, the new Jebel Ali.

It was in 1999 that the government of Equatorial Guinea realised that the port of Malabo would never be able to cope with the demands of an oil industry. But the island of Bioko is perfectly placed, not 50 miles from the coast of Cameroon and nestling between the Bight of Biafra and the Gulf of Guinea.

2011 is poised to be a stellar year for Ukuvula Automotive Investment Holdings. Executive director of the automotive division Achmat Mohamed brings Jayne Alverca up to speed with the latest developments.

Dutch construction company Remco Afrique has announced plans to continue its expansion into new markets in Africa.

The Best, Netherlands-based company, which specialises in building industrial premises, is taking advantage of the growing demand throughout Africa for new industrial buildings.

The company is currently constructing three industrial buildings in Gabon, with a total surface of 23,650 square metres.

Owens Corning announced an investment today in a new furnace to expand production capacity at its glass reinforcements facility in Tlaxcala, Mexico.

The expansion results from increasing global demand for glass reinforcements, and is the fourth production capacity increase announced by the company’s reinforcements division in recent months. Capacity increases were also recently announced in Yuhang, China; Gous-Khroustalny, Russia; and Besana, Italy.

China will loan nearly $700 million to Zimbabwe in a deal that will provide a major boost to the struggling southern African nation.

The loans awarded by China’s Export-Import Bank include $342 million for agricultural equipment and machinery, $99.5 million for health equipment and supplies, and $144 million for the renovation of Harare’s water and sewerage system.

China also provided $102 million to Zimbabwe’s government and two grants worth $14 million.

Zambia-based oil and gas exploration company Mafula Energy has attracted $60,000 of investment from London-based investment company Hot Rocks Investments.

Mafula is currently focused on establishing a portfolio of oil and gas exploration assets in Zambia. Nearby countries including Angola, Uganda, DRC and Tanzania have all made significant oil discoveries—thought to be due to their position within the oil-rich East Africa Rift System, from which Zambia could also benefit.

The latest chapter in a fascinating tale of industry diversification emerged today with the announcement by Senetek Plc of a rather unusual acquisition.

California-based Senetek is best known as a biopharmaceutical company engaged in the development of technologies connected with the science of healthy aging.

The Swedish Nuclear Fuel and Waste Management Company (SKB) has applied for a permit to construct a final repository and encapsulation facility for spent nuclear fuel.

SKB is applying for permission to build the encapsulation facility in Oskarshamn municipality and the final repository at Forsmark in Östhammar municipality.

Motor vehicles are becoming ever more reliable, but manufacturers do suffer teething problems with new technology features, according to the 2011 US Vehicle Dependability Study released today by JD Power and Associates.

The study measures problems experienced over the past 12 months by original owners of three-year-old vehicles. Overall dependability is determined by the number of problems experienced per 100 vehicles, with a lower score reflecting higher quality.

Customer defaults are an unfortunate fact of life. David Taylor, Chairman & CEO of OnGuard explores how intelligent software can help credit managers spot and interpret the ‘red flags’ that indicate a customer is in financial difficulty, and how monitoring these can help businesses protect their own cash flow.