Africa

Tullow Oil has announced that a long-awaited deal in Uganda is to be completed next month.

The news, which sent the company’s shares rocketing yesterday, was made as the company released its results for the first half of 2011.

Tullow has been waiting since last year to finalise a deal that will bring in new partners, France's Total and China's CNOOC, to commence a €7 billion oil development project in Uganda. The company now expects to complete the deal in September, at which time it will receive approximately €2 billion from the two companies.

Namibian power utility NamPower is working hard to overcome the challenges presented by securing the country’s energy supply.

NamPower’s major investment projects are among some of the largest ever carried out in Namibia and serve as the backbone of dynamic growth and diversification. As Namibia’s national power utility, NamPower was established in 1964 with the ambitious vision of powering Namibia to new commercial heights.

Joshua Ngoma, CEO of Tranter Holdings (Pty) Limited, talks to Jayne Alverca about his desire to move beyond making a good profit and contribute to a lasting improvement in the economic conditions and livelihoods of the people of Southern Africa.

Long before BEE, an altruistic businessman was working tirelessly to improve the lot of rural black South Africans, as Alan Swaby discovers.

Business men and women like to make money. Make enough of it and they sometimes turn philanthropic, contributing some of their wealth back to the community. But making money while being philanthropic results in a whole new level of personal satisfaction.

South Africa-based Altech has established a leading position as a provider of converged communications in South Africa and East Africa. CEO Craig Venter explains how the company is gearing up to go global.

Africa Oil Corp has signed a contract with Sakson Drilling and Oil Services to provide a rig to drill the first exploration wells in Puntland, Somalia, for more than 20 years.

Spudding of the first well in Dharoor is expected to commence during the fourth quarter of this year.

Drilling locations have been selected over two prospects in the Dharoor and Nugaal valleys covering nearly 36,000 square kilometres. Each prospect is targeting a gross best estimate oil-in-place of approximately 900 million barrels.

Parmalat South Africa’s operations director Hannes Wagener and marketing executive Cathy Eve talk to Gay Sutton about expanding the market for quality and innovative dairy products and increasing operational efficiency.

Global automotive manufacturer Nissan is gearing up to double production at its South African plant over the next five years. Managing director Mike Whitfield talks to Gay Sutton about driving up capacity at the plant and localising the supply chain.

For one South African retailer, a major shift in strategy has been the key to reviving its fortunes, enabling it to compete more effectively and ensuring long term sustainability.

Development in Kenya is experiencing something of a bottleneck; but as Jeff Daniels learns, action to free up matters is now well in hand.