Kenya’s transport service poses many challenges to bus operators. Edwins Mukabanah, managing director of Kenya Bus Service Management Ltd tells Andrew Pelis how his company is making a real difference in Nairobi.

The challenge of running a successful bus service in Kenya is one fraught with difficulties and danger. But against the backdrop of failed enterprises, corruption and gangsters, one company has adopted a new approach—and is now making great headway in Nairobi.

Operating in a wide range of marketplaces, Flexicon Piping is well placed to play a role in infrastructure development as Africa takes its place on the world economic stage. Mike Enslin explains to Gay Sutton how the company has diversified during recession.

Pfizer Inc. has said it will pay $3.6 billion to purchase King Pharmaceuticals, which specializes in pain medications.

New York City-based Pfizer already has a large stake in the pain drug market with its drugs Lyrica and Celebrex, which together accounted for more than $5 billion in sales in 2009. However the company is keen to shore up its portfolio with King's work on ‘abuse-resistant’ pain drugs, while also taking advantage of the opportunity for cost-cutting.

Nigeria has approved a $2.5 billion offer for its main fixed-line telecoms group Nitel, it has been announced.

However the government is insisting that the winning consortium come up with a $750 million down-payment to secure the sale.

The consortium will have 10 days to pay 30 per cent of its offer—or $750 million—from the date it receives an official demand for payment. It will then have 50 days to pay the balance.

Google has announced its investment in the Atlantic Wind Connection (AWC), a project to erect a 350-mile stretch of wind turbines off the US Atlantic coastline.

Stretching down the coast from New Jersey to Virginia, the AWC will be able to connect 6,000 MW of offshore wind turbines—equivalent to 60 per cent of the wind energy that was installed in the whole of the US last year and enough to serve approximately 1.9 million households.

Aberdeen-based energy services company John Wood Group has won a £100 million power station contract in California.

The contract is to construct and commission the conversion of the Tracy Peaker Plant in Tracy, California, owned by GWF Energy, in order to make it more environmentally friendly.

The work will be carried out by the company’s power division, Wood Group GTS.

US gas company Chesapeake Energy is to sell a third of its interest in the Eagle Ford Shale project to China’s CNOOC for $1.08 billion.

Chesapeake will continue to manage the project in South Texas, conducting all leasing, drilling, operation and marketing activities.

CNOOC will fund 75 per cent of Chesapeake's share of drilling and other costs until an additional $1.08 billion has been paid, which Chesapeake expects to happen by the end of 2012.

The Czech Republic's Energeticky a Prymuslovy Holding (EPH) and France's GdF Suez are said to have made the shortlist for a 51 per cent stake in Poland's Enea.

EPH has offered 25 zlotys per share, valuing the controlling stake at 5.63 billion zlotys (approximately €1.41 billion), while GdF Suez offered 24.9 zlotys per share or 5.6 billion zlotys (approx. €1.4 billion) for the stake.

The two other bidders are France's EDF and businessman Jan Kulczyk, who offered 5.4 billion and 5.2 billion zlotys respectively.

10. Drake neglects to patent oil drill

In 1858 Seneca Oil Company sent Edwin Drake to Titusville, Pennsylvania, to investigate ways to extract oil from the ground. Oil bubbled up in the area, and sometimes it was collected from the surface, but the idea of drilling for it, in the same way that salt mines were drilled at the time, seemed far-fetched.

Mitsubishi Power Systems Americas, Inc. (MPSA) has broken ground on a $100 million wind turbine nacelle manufacturing plant in Fort Smith, Arkansas, crediting a coalition of elected officials and the region's business community for creating the environment that allowed them to site the facility in America's heartland.

The nacelle, which is located at the top of the wind turbine tower and functions to convert wind energy to electric power, consists of the wind turbine rotor axis, generator, multiplying gearbox, control system and electrical equipment.