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Tag: business in africa updates

BUSINESS: Semen worthy shs7bnUGX stuck at Entebbe airport, NAGRC denies ordering its purchase.

BUSINESS: Semen worthy shs7bnUGX stuck at Entebbe airport, NAGRC denies ordering its purchase.

AFRICA, Business, UGANDA
A few weeks ago, the State House Anti-Corruption Unit headed by Lt. Col. Edith Nakalema raided NAGRC headquarters in Entebbe to investigate shs7.3 billion semen which had allegedly been procured from Italy and for many months is still being kept at Entebbe Airport after the organization declined to accept it. NAGRC has a Memorandum of Understanding with Inseme SPA, an Italian company to supply semen. Speaking on Wednesday, the NAGRC Executive Director, Dr. Charles Lagu said they have never ordered for that semen that he said was brought to be dumped into the country by the Italian company. “We have never ordered for that semen. The Italian company used the opportunity that we have a Memorandum of Understanding to bring dead semen and dump it here. They took advantage of...
SENEGAL: Local content and market-driven policies set to shape energy investments in Senegal as African Energy Chamber concludes working visit in Dakar.

SENEGAL: Local content and market-driven policies set to shape energy investments in Senegal as African Energy Chamber concludes working visit in Dakar.

AFRICA, Business
The African Energy Chamber’s delegation advocated for local content as a pillar of the industry’s sustainability effortsDAKAR, Senegal, February 18, 2020/ -- As Senegal’s first oil and gas projects are under-development and first production is expected within two years, the African Energy Chamber (www.EnergyChamber.org) conducted this week a working visit in Dakar to promote investment into the country and support local content development and capacity building.Led by Executive Chairman NJ Ayuk, the African Energy Chamber’s delegation advocated for local content as a pillar of the industry’s sustainability efforts and offered all its support to continue pushing and financing Senegal’s initiatives to build capacity and build a new generation of Senegalese oil & gas workers an...
Africa Oil & Power (AOP) Events Drive Cross-Border Energy Trade and Investment.

Africa Oil & Power (AOP) Events Drive Cross-Border Energy Trade and Investment.

AFRICA, Business
As the expanding natural gas and power sectors drive growth across the continent, Africa Oil & Power presents a series of events that target global and African investorsCAPE TOWN, South Africa, February 11, 2020/ -- Africa Oil & Power (https://AfricaOilandPower.com/) is the only event group uniting the entire energy value chain, from oil exploration to renewables and focusing on the African continent; AOP 2020 flagship conference takes place on September 15-17 in Cape Town under the theme #InvestWithoutBoundaries; Key national conferences in 2020, held in partnership with government, include Senegal, Angola, Equatorial Guinea and South Sudan.Africa is open for business in the energy sector in 2020. As the expanding natural gas and power sectors drive growth across the c...
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