Browsing All Posts published on »June, 2014«

Tullow does it again at Ngamia…

June 24, 2014

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24 Jun 2014 East Africa operational update Africa Oil, Tullow Oil’s partner in Blocks 10BB and 13T in Northern Kenya (Tullow 50% operated interest), today issued the following operational update.  Ngamia-2 appraisal well encounters up to 39 metres of net oil pay and 11 metres of net gas pay “The PR Marriott 46 rig has recently completed […]

Further growth expected in Africa’s hospitality sector in the next five years, according to PwC report

June 19, 2014

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JOHANNESBURG, South-Africa, June 19, 2014/ — Despite South Africa’s economy facing headwinds, the hospitality sector is poised for further growth in the next five years in the wake of a number of inbound travellers into the African continent, according to a report issued by PwC today Nikki Forster, PwC Leader of Hospitality and Gaming, says: […]

It takes a Kenyan 3 hours of work to afford a 500ml bottle of beer-SABMiller

June 3, 2014

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Re blogged from The Economist  Read it here  or  http://www.economist.com/news/business/21602999-long-established-african-firm-went-global-only-find-fastest-growing-market-was-its?fsrc=scn/fb/te/pe/ed/thebeerfrontier 

Tuskys and Ukwala supermarkets fined Sh5.3M for unfair trade practice

June 3, 2014

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COMPETITION AUTHORITY FINES SUPERMARKETS KSHS. 5.3M FOR CONTRAVENTION OF THE COMPETITION ACT NO.12 OF 2010 The Competition Authority of Kenya has imposed a financial penalty of Kshs. 5.3 Million shillings to Tusker Matresses Limited (TML) and Ukwala Supermakets Limited (USL) for engaging in a horizontal restrictive trade practice. A preliminary investigation into the matter was […]

Africa Hotel Investment Forum 2014 moved to Addis Ababa from Nairobi

June 2, 2014

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PRESS RELEASE: Africa Hotel Investment Forum 2014 (AHIF) moves to Addis Ababa(For immediate distribtion)Bench Events, the organiser of the Africa Hotel Investment Forum (AHIF) has announced that the event will now take place at the Sheraton Hotel in Addis Ababa, the capital of Ethiopia on 29th Sept – 1st Oct.  Alex Kyriakidis, President, Marriott International, Middle East & […]