By Nawa Mutumweno, Reporting for Shout-Africa.com – Zambia has attracted investment pledges valued at $2.2 billion from India, according to the country’s Ministry of Commerce, Trade & Industry. Some of the investments include Tata Group’s $20 million pumped in Taj Pamodzi Hotel while Kabwe Tannery is expected to be established into a modern leather processing plant by another Indian company. In the energy sector, Zambia Electricity Supply Corporation (ZESCO) and Tata Africa Holdings have formed a joint venture, Itezhi Tezhi Power Corporation Limited to construct a hydro power project to cost $200 million. Other Indian investments include Nava Bharat that... Continue Reading
By Shout-Africa.com Gambia Correspondent – In a bid to address the perennial problems associated with groundnut marketing in this country, the Government of the Gambia through the Finance ministry in Banjul recently signed an agreement for US$14,000,000 for the purchasing of groundnuts, with the International Islamic Trade Finance Corporation (ITFC) in Jeddah, Kingdom of Saudi Arabia. The Minister of Finance and Economic Affairs, Mr Mambury Njie, who was accompanied by the Deputy Permanent Secretary, Programs and International Cooperation, Mr Mod K. Ceesay, Tony Carvalho, Managing Director Gambia Groundnut Corporation (GGC) and Mustapha Colley, Deputy Managing Director GGC, signed on behalf... Continue Reading
By Peterking Quaye, from Accra, Ghana for Shout-Africa.com – The management of Tullow Oil Ghana Limited, Independent Oil and Gas group has given a positive assessment of its operations in Ghana. This was made known at a press briefing on the 2010 financial performance of Tullow PLC in Accra on Wednesday. It said the first oil from the Jubilee Field had established the company as a successful deepwater operator. Mr Kevin Qiunn, Licence and Business Services Manager, Tullow Ghana Limited told journalists that there were good signals that future exploration in Ghana could yield dividend therefore, the company was looking... Continue Reading
By Shout-Africa.com Correspondent from Monrovia,Liberia – A newly office for American oil giant Chevron has been finally opened in Monrovia the capital of Liberia, The ceremony took on last thursday with the cutting of the ribbon of the oil company’s offices at 15th Street, Sinkor in the heart of the capital . Addressing the occasion was Chevron Managing Director for Nigeria/Mid-Africa Strategic Business Unit, Andrew Fawthrop. He stressed the company’s commitment to working in all sectors of the country. “We continue to work closely with the relevant government ministries and a range of development organizations in Liberia. The company’s success... Continue Reading
By Emeka Umejei – Lagos – Nigeria’s strategic marketing and promotion efforts targeted at global travellers has paid off at the recently concluded ITB Berlin, German where it won the best exhibitor award of the prestigious German University, Cologne Business School. Adjudged as a leading light in Africa within the circle of attendees of International Tourism Business Fair (ITB), which is in its 46th edition, the German School nominated the Nigerian based firm on its rising profile hinged on consistency of its tourism action plans, hospitality offerings, stand design and visibility, diverse culture and the warm reception to visitors and tourists at... Continue Reading
