Dangote as the Africa’s richest – worth $16.4 billion, according to Bloomberg – and the four publicly traded companies under the umbrella of his Dangote Industries now account for about a third of the value of the Nigerian stock exchange.
Business
Mondelēz International to make all packaging recyclable by 2025
Mondelēz International has set up goals to reduce environmental impact by committing to make all packaging recyclable by 2025, according to the company’s 2018 Impact Progress Report released today.
Global partners announce $61.8 million allocation to boost AfDB initiative for women entrepreneurs
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program.
“Angola needs more oil exploration, including in marginal fields to stem decline in production”
Angola is ranked second largest oil producing country in Sub-Saharan Africa and an OPEC member with an output of approximately 1.55 million barrels of oil per day and an estimated 17,904.5 million cubic feet of natural gas production.
Mondelēz International Announces Winners of First ‘Future of Snacking’ Awards at Seeds & Chips Global Summit
Mondelēz International’s global innovation and venture hub, SnackFutures, today recognized two start-ups for their innovative snacking solutions to help support a healthier planet, at the Seeds & Chips annual Global Innovation Summit in Milan.
South Africa’s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South Sudan
South Africa’s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to invest $1billion into South Sudan’s energy infrastructure.
Former BP and Equinor executive to lead the African Energy Chamber in Angola
The African Energy Chamber is pleased to announce that it has appointed Mr. Sergio Pugliese as President for Angola, effective May 1st 2019.
