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Coca-Cola to invest $90m in Kenya to broaden product range

Soft drinks maker, Coca-Cola, says it plans to invest up to $90 million in Kenya over three years through 2018 to increase its product range in the region. In a statement on Tuesday in Nairobi, the company said the wider...

Aiteo raises alarm over fresh campaign to malign its image

  ...More details emerge about media attacks on Aiteo Aiteo Group wishes to alert our shareholders, stakeholders, host communities, investors and general public about a faceless, cowardly campaign clandestinely contrived and executed by a number of entities that have committed substantial...

Galp and Kosmos Pick Up STP Block 6

Galp Energia and its partner Kosmos Energy have been awarded stakes in Block 6, offshore São Tomé and Príncipe (STP). The block is located in STP’s Exclusive Economic Zone. The tiny island nation awarded Galp and Kosmos each a 45%...

Lekoil Acquires Afren Stake In OPL 310

Lekoil agreed to acquire Afren’s entire 22.86% participating interest in OPL 310 offshore Nigeria for a cash consideration of $13 million. The acreage contains the Ogo discovery. Lekoil Nigeria Ltd. via its wholly owned subsidiary, Mayfair Assets and Trust Ltd....

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Buhari’s achievements laudable in spite inheriting empty purse

The Minister of Information and Culture, Alhaji Lai Mohammed said President Muhammadu Buhari’s administration recorded laudable achievements, in spite of terrible economic downturn and...