Kosmos Energy acquires additional Ghana interests for US$550m

GHANA – Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have agreed to acquire interests in Tullow-operated Jubilee and TEN fields offshore Ghana from Occidental Petroleum Corp., Houston for US$750 million. Combined, the assets had a second-quarter 2021 net production of 22,000 boe/d. In a US$550-million deal that closed October 13, 2021, Kosmos gained an additional 18% interest in Jubilee field and an additional 11% interest in TEN fields. The deal increases Kosmos’ interests in Jubilee to 42.1% and in TEN to 28.1%. Consideration due to OXY at completion was…

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OLA Energy commissions US$360,555 LPG plant in Nairobi, Kenya

KENYA – OLA Energy Kenya,  the local subsidiary of Tamoil Africa Holdings Limited, has commissioned a new Ksh40 million (US$360,555) state-of-the-art Liquefied Petroleum Gas (LPG) plant in Nairobi that enables the company to double its capacity and meet the growing domestic demand for cooking gas in the country. Speaking at the commissioning, OLA Energy Kenya Operations Manager Franklin Nubi revealed that the new plant is made up of machinery with very advanced technological capabilities and its intelligent features enable it to detect leakages during the filling process. “The new LPG…

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Coal power plant plans remain in five southern African countries’ energy mix

SOUTHERN AFRICA – Five Southern Africa countries, Botswana, Malawi, Mozambique, South Africa and Zimbabwe are forging ahead with their coal power plant plans despite the global ‘no new coal’ agenda. These five African countries are part of a group of 21 countries that have more than one new coal power plant at the planning stage. The five African countries all have projects that are seeking financing from China, which now face an uncertain future following China’s recent announcement that it will end support for overseas coal projects. This is despite…

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Ethiopian Airlines and Airlink sign interline agreement

ETHIOPIA – Ethiopian Airlines (ET) has signed an interline agreement with Airlink (4Z), an airline based in Johannesburg, South Africa to allow passengers to enjoy seamless travel with a single ticket and lower fare tickets between points within the carriers’ synergized networks. With the interline agreements between the two carriers, passengers can book through their itineraries on both airlines easily. The partnership attracts more customers providing ease of connectivity to their destinations served by both Ethiopian and Airlink. Mr. Tewolde Gebremariam, Group Chief Executive Officer, Ethiopian Airlines remarked that: “In…

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Bajabulile Tshabalala appointed as Senior Vice President of the AfDB Group

AFRICA – The African Development Bank Group (AfDB), has announced the appointment of Ms. Bajabulile “Swazi” Tshabalala as Senior Vice President effective 1 November 2021 Ms. Tshabalala, a South African national, has been Vice President of Finance and Chief Financial Officer of the African Development Bank Group since joining the Bank Group in August 2018. She was appointed by President Adesina as Acting Senior Vice President in March 2020, following the retirement of the incumbent, Mr. Charles Boamah. Over the past three years, Swazi has served in several key leadership…

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Djibouti Telecom breaks ground on new Cable Landing Station

DJIBOUTI – To meet the ever-growing demand and network resiliency requirements, Djibouti Telecom has begun construction of a new cable landing station (CLS) in Djibouti City. Due to be completed in April 2022 the new Cable Landing Station will be a neutral digital port which will provide an open access cable landing service to submarine cable operators for a neutral, safe and secure landing in Djibouti City. With a network comprised of 8 operational subsea cables and 5 on-project cable systems, Djibouti Telecom is positioned as a centre for telecoms…

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Liquid and Microsoft partner to launch a video conferencing platform

ZIMBABWE – Pan-African technology group, Liquid Intelligent Technology, has partnered with Microsoft Corporation to launch a videoconferencing platform, OneVoice, which will allow Microsoft Teams to dial a landline or mobile phone. The new product comes at a time internet-based calling is gaining in popularity as people conduct more of their business online through platforms like Microsoft Teams, Zoom, WhatsApp and FaceTime as a result of the Covid-19 pandemic. Through the OneVoice platform, Liquid will allow Microsoft customers around the world to integrate telephone plans in Zimbabwe, Zambia, Kenya, South Africa,…

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Oracle to build its first African data centre in Johannesburg

SOUTH AFRICA – Global software giant Oracle has announced that it has chosen Johannesburg as the site of its first African data center. Johannesburg will be among the 14 locations across Europe, the Middle East, Asia Pacific, and Latin America that the company says it plans to open cloud regions to support strong customer demand for Oracle Cloud services. Upcoming cloud regions include Milan (Italy), Stockholm (Sweden), Marseille (France), Spain, Singapore (Singapore), Johannesburg (South Africa), Jerusalem (Israel), Mexico, and Colombia. Additional second regions will open in Abu Dhabi (U.A.E.), Saudi…

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Postal Corporation of Kenya secures US$650,000 from Trade Mark East Africa to boost e-commerce

KENYA – The Postal Corporation of Kenya (PCK) has secured Kshs. 72 million (US$650,000) from Trade Mark East Africa (TMEA) as it targets to boost its presence in the e-commerce delivery market. Under the deal, PCK says it intends to increase its capacity to process 10,000 packages daily to provide an efficient logistics and distribution platform for e-commerce entrepreneurs and customers. PCK says the funding will help it enhance internal digital capacities and improve collaboration with external, both regional and global actors, in the e-commerce space. “It is a great…

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Equites join forces with Eskom Pension and Provident Fund to acquire US$139.4m DSV distribution center

SOUTH AFRICA  – Equites Property Fund and Eskom Pension and Provident Fund (EPPF) have formed a joint venture to acquire a R2.05 billion (US$139.4 million) DSV distribution center in Gauteng, the first of what the partners believe will become a world-class logistics property portfolio, reports IOL News. Equities said it would hold 51 percent of the shares in the joint venture company and EPPF would hold the remaining 49 percent. Equites’ total equity contribution to the joint venture would be R732 million (US$49.8 million), which it would fund from its…

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