BUSINESS CIRCLES

THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
DJIBOUTI
The Franciscis to open a casino
The Pasha Casino in Djibouti’s Hotel Kempinski is to open for business again, after it had been closed for a long while since its previous Turkish managers had dropped it. (...)  [205 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
MOZAMBIQUE
Chissano junior in the oil industry
Two months ago, N’Naite Joaquim Chissano, the son of former President Joaquim Chissano, created the company Gasoils SA to operate in all aspects of the oil industry (ION 1331). (...)  [180 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
MOZAMBIQUE
Two Australian miners are back
Acting via their unusually named company Select Vaccines Ltd (but whose name will soon be changed to Select Exploration Ltd), the Australian investors Gary Denham Seabrooke and Mark Jon Titchener have now turned their attention to Niassa Province in northern Mozambique. (...)  [246 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
KENYA
The energy aspects of a sugar project
Kwale International Sugar Company (Kisco) and its partner from Mauritius Omnicane are to build an 18 MW electricity power station to be coupled with their ambitious project to build a sugar refinery and an ethanol production unit. (...)  [158 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
MOZAMBIQUE
Simango family are traders
The chairman of Liga Moçambicana de Futebol (LMF), Alberto Simango Junior, from Chibuto in Gaza Province, has just formed a new company in which he is the lead shareholder with 70% of the equity, together with his four children, Alberto (10%), Vussi Alberto (10%), Vanda Tieta (5%) and Michael Lucas (5%). (...)  [156 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
DJIBOUTI
ICC failure causes collateral damage
The company Independent Construction Corp. (ICC) which went into liquidation last year is in no position whatsoever to repay its debt. (...)  [278 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
MOZAMBIQUE
Jose Eduardo Dai, ENRC’s big noise
While on a visit to London this week, President Armando Guebuza met the representatives of several oil and mining companies, including British Petroleum, ENI, Subsea 7 and Stanley’s Oil & Gas. (...)  [149 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
SEYCHELLES
A Russian investor in trouble
The Seychelles ministry for tourism and culture is to take charge of the development of a tourist resort on the top of Mount Sans Souci on the island of Mahe. (...)  [208 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1331 - 28/04/2012
MOZAMBIQUE
N'naite Chissano in the oil sector
The son of former President Joaquim Chissano is still on the lookout for good deals. Since the end of March, N’naite Chissano has been the sole administrator of a new public limited company he created called Gasoils SA. (...)  [237 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1331 - 28/04/2012
ETHIOPIA
Gilgel Gibe I underachieving
The Minister for Water and Energy, Alemayehu Tegenu, gathered a group of officials from his ministry and from the Ethiopian Electric Power Corp. (...)  [237 words]   [$7]
 
THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
COMOROS ISLANDS
Al Sharif Group applies pressure
Fighting it out to become a partner of Ma-Mwe (State-owned water and electricity distribution company), the Saudi Al Sharif Group and Sudanese Petroleum Pipelines Holding Co. (...)  [283 words]   FREE
THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
SEYCHELLES
Michel Reybier arrives on Praslin
The French investor Michel Reybier who is resident in Switzerland and over the last few years has opened a number of hotels under the upmarket brand La Réserve (Geneva, Paris, French Riviera) is planning to build a dozen luxury villas as part of a five-star tourist resort on the west coast of the island of Praslin. (...)  [255 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
MOZAMBIQUE
Boroma dam back on track
The consortium of companies from three countries (Angola, Mozambique and Brazil) that won a call for tenders from the Mozambican administration to build hydro-electric dams at Boroma (200 MW) and Lupata (600 MW) on the River Zambezi by 2016, will finally get going. (...)  [241 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1333 - 26/05/2012
KENYA/ISRAEL
Direct flights to restart in 2013
The company Kenya Airways has just asked the Israeli government for authorisation to start operating the route between the two countries. (...)  [160 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
COMOROS ISLANDS
Scandal makes the courts waver
The Moroni prosecution is treading on eggshells in this affair of an illegal agreement to overcharge the purchase of electricity pylons. (...)  [216 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
MADAGASCAR
Bianco has its eye on IMM head
Doctor Hery Rakotovero, the CEO of Institut Médical de Madagascar (IMM), a company specialised in medical imaging, considers he has been the target of an unjustified police investigation for several months. (...)  [212 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
COMOROS ISLANDS
Al Sharif Group versus Petrolines
Teams from two foreign energy companies should have arrived in Moroni on 5 May. The first, consisting of engineers from the Sudanese State-owned firm Sudanese Petroleum Pipelines Holding Co. (...)  [337 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1332 - 12/05/2012
SEYCHELLES
A hotel refurbishment on hold
Work on renovating the Coral Strand Hotel at Beau Vallon, in the northern part of Mahé, acquired several years ago by the Russian Guta Group (ION 1228) has ceased following a dispute between its owners and the local construction company Vijay Patel. (...)  [151 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1331 - 28/04/2012
COMOROS ISLANDS
Jean-Marc Heintz claims a victim
The managing director of the Agence nationale de l’aviation civile et de la météorologie des Comores (ANACM), Abdou Said, has paid dearly for his refusal to approve the documents concerning the maintenance of the Airbus 310 leased by Comores Aviation, the company owned by the Frenchman Jean-Marc Heintz to fly the Marseilles-Moroni route from June (ION 1330). (...)  [252 words]   [$7]
THE INDIAN OCEAN NEWSLETTER n°1331 - 28/04/2012
UGANDA
IFC sponsors Eaton Towers
The International Finance Corporation (IFC, part of the World Bank) is expected to give the green light at the end of May for funding of up to $35 million for the Ugandan subsidiary of the British company ETW Africa Holdings UK Ltd whose CEO Alan Harper formerly worked for Vodafone. (...)  [147 words]   [$7]

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