The Nigerian government is facilitating the establishment of a USD 60mn sea link project to ease marine transportation in West Africa, the BusinessDay newspaper reported. The authorities are engaged in the project via the Nigerian Exim-Import (NEXIM) Bank, the newspaper said. The Economic Community of West African States (ECOWAS) Commission has also expressed full support for the project. According to the report, it is expected that 60% of the funding will be provided by the private sector operators in member countries of the region as equity, while the remaining 40% would come from institutional investors. The sea-link company is planned to commence operations by November, Tidiane Traore, a USAID sub-contractor, was quoted as saying. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more