africa news

ESBI wins NamPower contract

ESB International (ESBI) has been awarded a contract by NamPower to provide technical advisory services for the development of the 800 MW Kudu combined cycle power plant at Oran
ESBI wins NamPower contract

Kigali Free Trade Zone nears completion

The chairman of the taskforce overseeing the creation of the Kigali Free Trade Zone (KFTZ) in Rwanda has said it will be launched in April this year.
Kigali Free Trade Zone nears completion

Work progresses on Mossel Bay project

Work is progressing well on South Africa’s Mossel Bay desalination plant project, according to a report by marine services provider SMIT Amandla Marine.
Work progresses on Mossel Bay project

Afripalm signs steel mill agreement

South Africa's Afripalm Resources has signed an agreement with Steel Authority of India (SAIL) to build a steel mill in South Africa, according to a report in the Business D
Afripalm signs steel mill agreement

Shell receives bids for Nigerian oil field stakes

Royal Dutch Shell is receiving bids for stakes in four of its Nigerian oil fields, according to a report by Bloomberg.
Shell receives bids for Nigerian oil field stakes

New oil discovered off Ghana

Tullow Oil has announced a new discovery of oil and gas offshore Ghana, close to the Jubilee Field.
New oil discovered off Ghana

Kentz to buy South AfricaÔÇÖs RNE

Irish engineering group Kentz has announced the acquisition of South African engineering services firm RNE Engineering and Projects for €7.4 million (R73 million).
Kentz to buy South AfricaÔÇÖs RNE

Nestl├® opens new factory in Nigeria

Swiss food giant Nestlé has opened a new state-of-the-art factory in Nigeria’s Ogun state.
Nestl├® opens new factory in Nigeria

ÔÇ£EncouragingÔÇØ yield at Guinea diamond mine

West Africa-focused Stellar Diamonds has reported “encouraging” initial diamond recoveries from drill core samples of the company's Droujba kimberlite pipe in south-east Guinea.
ÔÇ£EncouragingÔÇØ yield at Guinea diamond mine

Statoil wins Angolan oil rights

Angola has officially announced the selection of Statoil as an operator and partner in several offshore pre-salt blocks.
Statoil wins Angolan oil rights

Petra to acquire Finsch diamond mine

Petra Diamonds has announced that it has entered into an agreement to acquire the Finsch diamond mine in South Africa from De Beers.
Petra to acquire Finsch diamond mine

Sonatrach to make $60 billion investment

Algeria’s state-run energy company, Sonatrach, plans to invest around $60 billion in boosting the country’s hydrocarbon production, according to the news agency APS.
Sonatrach to make $60 billion investment

Massmart shareholders approve Walmart offer

Walmart’s expansion into Africa has taken a step forward with the news that shareholders in South African wholesale firm Massmart have voted to accept the retail giant's bid for
Massmart shareholders approve Walmart offer

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