Safaricom Ltd may expand its popular mobile-banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny in its home market of Kenya.
With the cumulative loss of 4.8 million barrels in the month under review put in cost at the prevailing $55.89 per barrel for Brent crude, Nigeria is estimated to have lost over $271.8 million (N82.8 billion).
Hotel development in Africa jumps 30% to 64,000 rooms, Nigeria leading in numbers, followed by Angola
The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.
Nigeria and Angola on Saturday agreed to cooperate and also reach out to other oil producing countries in an effort to shore up the dwindling price of oil in the global market.
[PwC analysis] Oil & Gas explorers need to rethink their capex on exploration activity in Africa in the light of the drop in the global oil price
Frontier areas around the world are expected to suffer from delayed development in the near-term. These include technically difficult projects that require more spend than conventional production such as deepwater, sub-salt, shale gas and enhanced oil recovery ventures. Countries that may see frontier project delays include offshore South Africa, sub-salt Congo and Angola, offshore Tanzania and shale gas in South Africa. Shale gas, in particular, could move forward if the gas price were not 100% fully-indexed to oil. . It should be noted that oil companies do not make their investment decisions based on short-term, cyclical price changes but rather on wider price trends given the long-term nature of these investments.
UAE headquartered averda, the largest, and one of the fastest growing, waste management companies in the Middle East and Africa, is delivering city cleaning services in Ingombota, a major urban district within Angola’s capital city of Luanda. The five-year contract, awarded recently, sees averda operate in joint venture agreement, under the name Ecoverde.
Visa Nigeria has released the second annual Visa Africa Integration Index that measures the degree of economic integration within key trade corridors of sub-Saharan Africa, namely West Africa, East Africa and Southern Africa.
Empresa Interbancária de Serviços(EMIS), operator of Angola’s only interbank network, and MasterCard have announced a landmark partnership that sees all Automated Teller Machines (ATMs) in the country accept MasterCard debit, credit and prepaid cards.
Jay Ireland, President and CEO of General Electric Africa (GE Africa) has been named as one of the 15 private sector leaders to President Obama’s Advisory Council on Doing Business in Africa.The new appointees represent small, medium, and large companies from a variety of industry sectors. They will provide expert counsel on strengthening U.S partnerships with African countries and leverage opportunities for U.S. companies operating in Africa for the long term.
Kaymu, the leading online marketplace for emerging markets, today announces that it will charge sellers zero commission in over 50% of the countries where it is active, namely Algeria, Angola, Ethiopia, Kenya, Rwanda, Morocco, Tunisia, Zambia and Mozambique.