Africa Alliance Asset Management acquires more ownership of Atlas Development
Investment banking group African Alliance Asset Management is interested in buying over 26.6 million shares of the Kenyan headquartered African focussed support services and logistics company Atlas Development according to … Read More
GardaWorld expands into more Africa countries after acquisition of Aegis Group
GardaWorld, the world’s largest privately owned security and cash services provider, announces today the strategic expansion of its protective services platform in Africa and the Middle East after entering into … Read More
Components of Production Sharing Contract in Kenya
Licensing of petroleum exploration blocks, is governed by the Petroleum (Exploration and Production) Act Chapter 308 of the Laws of Kenya. All contracts are based on a Model Production Sharing … Read More
Kenya Somali Maritime Border Case Headed for the International Court Next Week
A fortnight after Kenya’s foreign affairs minister Amina Mohammed said that the East African nation and its horn of African neighbor had agreed to settle maritime border issues outside the … Read More
Uganda International Oil & Gas Summit Set For September in Kampala
The Ministry of Energy & Mineral Development has announced that the “Uganda International Oil & Gas Summit” (UIOGS) will be held in Kampala on 16-17 September 2015. With a first-class … Read More
Uganda admits loss of funds earmarked for oil projects related land compensation
The Uganda National Roads Authority has admitted part of $3.5 million set aside to compensate for loss of land to roads to connect the country’s oil rich district Hoima ahead … Read More
New petroleum producers survey policy options in wake of oil price slump
Countries seeking to develop newly-discovered petroleum resources are facing a fall in global oil prices, with competition from the ‘shale gas revolution’ in the United States, as well as renewable energy … Read More
17 companies shortlisted for Uganda’s First Licensing Round for Petroleum Exploration, Development and Production
Following the end of a deadline for the Process of receiving the Request for Qualification ended on 30th June, 2015 the Ministry has said it has registered seventeen valid applicants out of … Read More
Tullow Oil, Africa Oil report positive results from Kenya’s appraisal drilling, Well testing
In the latest update by Block 10BB and 13T joint venture partners Tullow Oil and Africa Oil appraisal drilling and Extended Well Tests (EWT) continue to produce positive results. The Amosing … Read More
