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The Indian Ocean Newsletter/Search a Section

BUSINESS CIRCLES

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES
Transcentury goes all out for energy

It is now quite some time that the Kenyan company Transcentury has wanted to invest in the energy sector and has been trying to get its hands on the Shell service stations in Kenya (ION 1283 ). (...) [315 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES
Rajoelina's rainmakers

Daniel Ramaromisa, a member of the top executive of the High Authority for Transition (HAT) is currently lobbying the Cabinet of Ministers to approve a contract for chip-based national identity cards, of which he is himself the promoter together with the Frenchman Dominique Vibart, an international consultant mandated by Madagascar (ION 1287 ). (...) [424 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES
Agriterra restarts maize production

Out goes Stewart Goss, the Zimbabwean temporary assistant manager of Tete Province maize production company Compagri, a subsidiary of the British firm Agriterra Ltd which was set up by Phil Edmonds. (...) [229 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES
Semlex has a good client in Ma-Mwe

At a time when it is heavily bogged down with problems (such as chronic untimely power outages, accounts in the red, payment defaults), the State-owned electricity and water company Ma-Mwe is increasingly looking like a sort of milk cow for the Belgian company Semlex. (...) [184 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
Kumar Gunness speaks for Iqbal Rahim

The general meetings of the firms Galana Raffinerie Terminal (GRT) and Galana Distribution Petrolière (GDP), in which the Malagasy State owns a minority stake, were held at the Hotel Suffren in Port Louis (Mauritius) on 28 June. (...) [253 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
Gallice signs a security deal

Gilles Sacaze, one of the founders of Gallice Security (ION 1287) went to Somaliland in mid-June to meet the local administration and initial a memorandum of understanding (MOU) with a national security representative and an admiral in charge of the coastguard. (...) [187 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
A 5-star hotel cuts prices

The 5-star 267-room Ephelia Constance Resort, which opened recently in Port Launay on the east coast of the island of Mahé, is practicing low prices to ensure a high rate of occupancy. (...) [246 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
Beer will flow by the gallon in Arua

The Kenyan giant in the beer industry East African Breweries Ltd (EABL) is planning to open a production unit in Arua in northern Uganda. (...) [170 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1288 - 26/06/2010 BUSINESS CIRCLES
Divisions in the ports authority

The permanent secretary to the ministry of transport, Cyrus Njiru, recently wrote to the board of the State-owned Kenya Ports Authority (KPA) asking it to ratify the promotion of its corporate affairs manager Gichiri Ndua to the post of managing director (MD). (...) [267 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1288 - 26/06/2010 BUSINESS CIRCLES
Madagascar: CMA CGM dogged by rosewood

The recent interception in Anjouan (Union of the Comoros) of the Madagascan boat Soavina III carrying 300 tonnes of rosewood illegally exported from Madagascar put the Malagasy press into boiling point over the French shipping company CMA CGM. (...) [172 words] [FREE]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES
Von Pezold family takes case to ICSID

Matthew Coleman, a partner in the London law firm Steptoe & Johnson, would like a repeat of his victory last year against the Zimbabwe government. (...) [276 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES
Clampdown on black hotels

Maryse Berlouis, the new head of the Seychelles Licensing Authority (LSA), and who is incidentally the wife of the former minister for defence Ogilvy Berlouis, wants to clampdown on people illegally lodging tourists. (...) [251 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES
Corrupt officials at the TRA

The Tanzania Revenue Authority (TRA) would seem to want to respond to the numerous reports of massive corruption in tax collecting in Dar es Salaam port. (...) [196 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
Caillé weighs heavy on Sorefi

The majority of banks and financial institutions on Reunion Island had a very bad year in 2009. Société réunionnaise de financement (Sorefi) was no exception: (...) [256 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
Brink’s gets a one month reprieve

The International Civil Aviation Organisation (ICAO) has been on the backs of the Malagasy authorities for a good while. (...) [228 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
Airline gets another audit

The American consulting company GRA Incorporated submitted the preliminary conclusions of its strategic review of Air Seychelles. (...) [233 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES
Total ready to get to work

The CEO of the French oil company Total, Christophe de Margerie, went on a lightning visit to Uganda for a meeting with President Yoweri Museveni on 25 June. (...) [228 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1288 - 26/06/2010 BUSINESS CIRCLES
Standard Bank and the IPTL affair

The longstanding conflict between the firm Independent Power Tanzania Ltd (IPTL) and Tanzania Electric Supply Co. (...) [287 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1288 - 26/06/2010 BUSINESS CIRCLES
Afar Exploration permit for sale

William C. Athens, generally known as Bill, did not finally succeed in achieving his professional dream to which he had devoted the last years of his life: (...) [191 words] [$5.4]

THE INDIAN OCEAN NEWSLETTER n°1288 - 26/06/2010 BUSINESS CIRCLES
Banks will not cut their interest rates

The Seychelles Bankers Association (SBA) let it be known this week that its members would not follow the lead taken by the State-owned banks, which decided to lower their interest rates. (...) [265 words] [$5.4]

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