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Company in Africa

  • Company Winner of Africities 2015 Award Present Solution to African Cities

    AFRICA, 2017/01/05 The company Safe Water, winner of Africities 2015 Award, pursues its projects to propose innovative solutions for African cities and villages. Indeed, in the pursuit of improvement and innovation, the company offers more advanced and mature solutions to supply safe drinking water and electricity in response to the needs of Africa’s populations. To reflect this important realization, the company will create with its partners a new platform for its projects called WECA (Water, Electricity, Connectivity Anywhere). An initiative which goes hand in hand with the current environmental requirements by using and clean energy (solar) to meet the needs of cities and villages in the continent.
  • Sonangol restructuring plan produces some results

    ANGOLA, 2016/12/04 Sonangol, Angola's national-owned oil company, says it has identified savings worth US$240m in the five months since it began implementing its restructuring plan. The firm, which since June has been led by Isabel dos Santos—the eldest daughter of Angola's long-serving president, José Eduardo dos Santos—says it has cut back on wasteful spending and is reviewing all critical processes in order to boost efficiency. Although international oil firms have welcomed the efficiency drive, there is significant disquiet part Angolans about Ms dos Santos's appointment. A petition questioning the legality of her nomination—on the basis that it violates public probity laws—has been lodged with the country's Supreme Court.
  • South Africa: We Are Struggling' Says Robertson Winery Worker As Strike Enters 13th Week

    SOUTH AFRICA, 2016/11/20 New company offer rejected as union demands R8,500 per month On Thursday, striking workers from Robertson Winery and surrounding farms marched to the company's office. The workers have rejected the R400 pay increase offered by Robertson Winery's management and are demanding a "living wage" of R8,500 per month. The strike of about 200 Robertson Winery workers is in its 13th week.
  • Israel's Meir Brand Appointed Google VP

    UNITED STATES, 2016/11/02 Director of Google Israel since 2005 wins a top job in the world firm, CEO Sundar Pichai announced in an email sent out to employees. Meir Brand, CEO of Google Israel since 2005, was promoted last week to the role of vice president of the giant multinational technology firm.
  • Facebook CEO in Kenya to meet tech people and learn about mobile money

    KENYA, 2016/10/30 Chief Executive Officer of Facebook, Mark Zuckerberg, is in Kenya on the second leg of his historic visit to Africa. He started his ‘African mission’ in Nigeria on August 30. In Kenya, Zuckerberg said he was looking forward to learn about mobile money, ‘‘where Kenya is the world leader,’‘ his post on Facebook read. As he did in Nigeria, he will meet with entrepreneurs and developers in the east African country. ‘‘I’m starting at a place called iHub, where entrepreneurs can build and prototype their ideas,’‘ he stated.
  • Why we sacked 36 expatriates, 12 Nigerians – Dangote

    NIGERIA, 2016/10/29 The Dangote group of companies has denied media reports that a recent decision to retrench 48 of its staff was related to recession in Nigeria. 36 expatriate workers and 12 locals were affected by the action. According to Tony Chiejina, the Chief of Corporate Affairs of the group, the expatriates were disengaged because of job overlap. The dozen Nigerians he added worked in the company’s procurement department whose services were redundant as the company continues to grow.
  • Uber increases taxi service in Ghana as part of expansion plans in Africa

    GHANA, 2016/10/29 Taxi hiring service, Uber recently launched operations in Ghana’s capital, Accra as part of expansion plans across Africa. The taxi company as well wants to convince traditional drivers to work with them and avoid a repeat of problems faced in other nations. Naa Oyoe Quartey takes a taxi to work in Ghana’s capital, Accra using the Uber app on her phone.
  • Eskom to use R7bn loan to stabilise financial position

    SOUTH AFRICA, 2016/10/04 Eskom says the initial payment from the China Development Bank will be used to help finish its build programme. The power utility has signed an inaugural $5 billion credit facility with the bank. The initial payment of R7 billion was paid out yesterday.
  • Nigerian biscuit maker Beloxxi lures $80M private equity investment

    NIGERIA, 2016/08/18 Nigeria’s snacks industry has attracted the interest of a private equity firm founded by Sir Bob Geldof in a boost for Africa’s biggest economy. A consortium led by sub-Saharan Africa-focused 8 Miles has bought a minority stake in Nigerian biscuit maker Beloxxi for $80m in a transaction described as a bet on the company’s ability to meet the rising request of a growing consumer class.
  • SOCAR eyes co-op with Angola

    AZERBAIJAN, 2016/07/24 Angola’s Sonangol Hidrocarbonetos Internacional oil and gas company is interested in cooperation with Azerbaijan’s national energy giant SOCAR. SOCAR reported that the issue was on the highest schedule during the conference of Rovnag Abdullayev, President of SOCAR with Federico Domingos, Director General of Sonangol Hidrocarbonetos İnternacional and Filomena Oliveira, Deputy Director General of the company. The representatives of the Angolan delegation expressed their interest in cooperation with SOCAR.