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The Indian Ocean Newsletter/Search a Section

COMPANIES

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
LAM Aircraft Appearance

The State-owned firm Linhas Aéreas de Moçambique (LAM) founded a subsidiary in Maputo in July called LAM Aircraft Appearance Ltd (LAMAA). (...) [109 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Banque de Développement des Comores

The Comoros State wants to reduce its stake in the Banque de Développement des Comores (BDC) from its present 50% to 20%. (...) [113 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Tantalus Rare Earths

The German mining company Tantalus Rare Earths AG, chaired by the Australian Stephen Forman, has just appointed three new members to its supervisory board. (...) [81 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Sunridge Gold

As from September, the Canadian mining company Sunridge Gold Corporation will have a new Vice President in charge of project development in Eritrea. (...) [75 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Star Petroleum

The firm Star Petroleum, which is registered in Luxemburg and is owned by Farshad Zandi a Spanish businessman of Iranian descent, has obtained a permit to search for oil in Sudan. (...) [177 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Réunibail

There has been more fallout after the failure of the Caillé group owned by François Caillé, former chairman of the Reunion Island branch of the French employers’ organisation Medef. (...) [122 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
BICM

It’s not all a bed of roses for the Banque Industrielle & Commerciale de Madagascar (BICM), whose chairman is the 46 year old Chinese magnate Hui Chi Ming. (...) [224 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Green Fields

The Indian citizen Majeed Ayamutty, who had created the firm Sasty Sarl in Antananarivo at the end of 2009 with the aim of investing in the sugar sector (ION 1272 ), has now turned his attention to the mining area. (...) [74 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Bank of Africa

It’s not only the Tanzanian and Ugandan subsidiaries of Bank of Africa that will receive support from the International Finance Corporation (IFC, part of the World Bank) to expand their activity of providing credit for SMBs (ION 1288 ). (...) [125 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Nyota Minerals

The Australian junior mining company Nyota Minerals Ltd whose chairman is Melissa Sturgess and which owns a licence to search for gold at Tulu Kapi in the west of Ethiopia, is placing itself to accelerate the implementation of this project. (...) [130 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Hatch Africa

The Canadian company Hatch has just created a branch in Antananarivo. (...) [86 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Madarail

The railway company Madarail suffered considerably as a result of the political crisis in Madagascar and made a substantial loss last year. (...) [109 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
PricewaterhouseCoopers

The consulting company PricewaterhouseCoopers Associate Africa in partnership with the Dutch firm Ecorys recently won a consultancy contract in South Sudan worth $1. (...) [49 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Dombeya Mineraçao

Since he went to live in Maputo last year, the Spanish national Max Miguel Manuel Keenoy has embarked on endless initiatives in the mining engineering domain. (...) [114 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1291 - 28/08/2010 BUSINESS CIRCLES/COMPANIES
Monarch Properties

The family of the magnate Mhamud Charania, who is at the head of the Merec group as well as numerous other companies in Maputo, has just added yet another firm to its portfolio, by creating Monarch Properties. (...) [133 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Ophir Energy

The South African oil company Ophir Energy, whose main shareholders include a serving minister in the Pretoria government, Tokyo Sexwale, and the family holding company Mittal Investment Sarl (21%), is to get a foothold in Madagascar. (...) [122 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Sinohydro Corp.

European companies are finding it increasingly difficult to compete with the Chinese when it comes to work on resurfacing roads. (...) [90 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Media Capital

Three well-known Mozambican journalists who own stakes in Mediacoop, namely Kok Nam, Fernando Lima and Naita Ussene, have just created a new company in Maputo called Media Capital. (...) [101 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1290 - 24/07/2010 BUSINESS CIRCLES/COMPANIES
Zain Madagascar

The mobile telephone operator Zain Madagascar is set to change its name to Airtel in October following its acquisition by the Indian group Bharti. (...) [158 words] [$1.8]

THE INDIAN OCEAN NEWSLETTER n°1289 - 10/07/2010 BUSINESS CIRCLES/COMPANIES
BGFI Bank

Alain Mabiala Moussirou is finding it difficult to get used to Malagasy bureaucratic delays. (...) [136 words] [$1.8]

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