African Business News
Kenya and Uganda to establish company to manage crude oil pipeline
Kenya and Uganda are making plans to set up an oil company to be owned by all the stakeholders in the $4 billion crude oil pipeline deal.
Chinese Company to invest in East Africa's Gas extraction
A Chinese company engaged in natural oil gas exploration with a capital of five billion USD in Ethiopia is expected to produce 40 billion gallon gas after three years.
Nigeria's billion dollar oil wells expansion
The Nigerian National Petroleum Corporation (NNPC) has said that it has signed a deal with a group of both local and foreign investors to develop 36 oil wells.
Uganda: Govt Tightens Rules On Expatriates in Oil Sector
In a move meant to boost the participation of more Ugandans in the oil and gas sector, government has set stringent rules on hiring expatriates.
