Argility solidifies software technologies portolio with latest acquisition of Indaba Mobile in SA

South Africa innovator of enterprise software solutions, Argility, has announced its latest acquisition following on the heels of its formation of the Argility Technology Group late last year. The acquisition of Indaba Mobile from Capital Eye Investments, concluded at the end of January 2018, brings the number of companies in the newly formed group to […]

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Earths Inc completes acquisition of Critical Metal Properties in Namibia

Namibia Rare Earths Inc, a Canadian company with Namibian mining interests has completed the acquisition of a portfolio of critical metal properties from Gecko Namibia in consideration for the issuance of 64,000,000 common shares of Namibia Rare Earths. The Company also announced that it had closed a $550,000private placement. Both of these transactions were announced […]

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Petrogress enters into Nigeria

Petrogress Int’l, LLC, a subsidiary of Petrogress, Inc. has entered into a Memorandum of Understanding and a Partnership Agreement with A&E Petroleum Co. Limited, a Nigerian corporation to jointly form and co-operate a corporation to be named P&A Nigeria Oil Co. Ltd. (“PANOC”) to engage in oil and gas business opportunities in Nigeria. PANOC is […]

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Egypt’s IT exports on track to achieve ambitious growth targets – IDC

International Data Corporation (IDC), a global research and consulting firm headquartered out of Framingham, Massachusetts, USA, has initiated a study to understand the global market trends and opportunities for the Egyptian offshoring industry in relation to IT outsourcing (ITO), business process outsourcing (BPO), and knowledge process outsourcing (KPO). IDC’s office in Egypt, managed by Nagia […]

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Energy: Liquefied Natural Gas (LNG) Market Dynamics

Liquefied Natural Gas (LNG) industry The Liquefied Natural Gas (LNG) Market, presents critical information and factual data about the United States Liquefied Natural Gas (LNG) Market, providing an overall statistical learning of that industry on the basis of market drivers, market constraints, and its future prospects. The universal North America Liquefied Natural Gas (LNG) possibilities and trends are also taken […]

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Anadarko petroleum, Électricité de France announce sale and purchase agreement of natural gas

Anadarko Petroleum Corporation has announced MozambiqueLNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Électricité de France, S.A., (EDF). The off-take agreement calls for the supply of 1.2 million tonnes per annum (MTPA) for a term of […]

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Telecom Egypt, Orange Data to provide bitstream services

Telecom Egypt has signed an agreement with Orange Data to provide infrastructure and transmission services for three years. The agreement formalizes existing relationships with Orange Data in regards to new services offered through Telecom Egypt’s modernized network, which is based on fiber technology instead of the legacy services offered on the historical copper network. The […]

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Innoson says GTBank owes him 21B Naira

The chairman and chief exeutive officer (CEO) of Innoson Group, manufacturers of INNOSON brand of vehicles, Chief Innocent Chukwuma, has claimed that the Guarantee Trust Bank (GTB) is currently indebted to him to the tune of N21 billion. Chief Chukwuma who spoke to a delegation from LEADERSHIP Group, publishers of LEADERSHIP Newspapers, in his Nnewi […]

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African market outlook Feb.22. 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally. The dollar held […]

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Nigeria bond auction raises 80 bln naira, less than amount on offer – Reuters

Nigeria raised 79.62 billion naira ($260.20 million) at an auction of government bonds on Wednesday, less than it originally planned, after it got fewer subscriptions for the most liquid five-year debt, traders said on Thursday. The Debt Management Office (DMO) initially intended to raise 100 billion naira. It got subscriptions of 117.58 billion naira, more […]

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SA: Eskom to tackle water shortage in Cape Town

Eskom’s Koeberg nuclear power station has launched a mobile groundwater desalination plant, which will take care of the station’s water needs, thus easing the pressure on the City of Cape Town’s water supply. Velaphi Ntuli, Koeberg Power Station Manager says: “The desalination plant is part of Koeberg’s three-pronged water management strategy to address the current […]

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Mozambique joins the Economic Partnership Agreement between the EU and Southern African States

Press release The Economic Partnership Agreement (EPA) between the European Union and the Southern Africa Development Community (SADC) has become the first regional EPA in Africa to be fully operational after its implementation by Mozambique. Mozambique was the last piece of the SADC-EPA jigsaw to fall into place. The other five countries – Botswana, Lesotho, […]

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Kenya: Intertek renews contract with govt for export conformity to standards programme

Intertek, a Total Quality Assurance provider to industries worldwide, has extended its contract with the Kenya Bureau of Standards (KEBS) to continue to manage its Pre-Export Verification of Conformity to Standards Programme (PVoC) for exports to the country. The programme verifies the conformity of all regulated products in the respective exporting countries within a range […]

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