Exchange rates.(Financial Forecast)
Exchange Rates
The currencies shown below are valued at the middle rates between buying
and selling on 21 January. The rates are an indication of the value and
are not intended to be used as the . . .
Airline bosses call for fairer competition.(Business
Travel)(Conference notes)
MEETING IN NAIROBI for the annual industry finance conference in
November last year, the heads of African airlines complained about the
further evidence of their being muscled out of their own . . .
Golden Tulip opens in Kumasi.(Business Travel)(Golden Tulip
Kumasi City)(Brief article)
THE LONG AWAITED opening of the former Kumasi City Hotel is now a
reality. The new hotel, Golden Tulip Kumasi City, which is owned by the
Ghana Libya Arab Holding Company (GLAHCO), was formally . . .
Sandton hosts Tourism Investor Awards.(Business Travel)
THE UNITED NATIONS World Tourism Organization (UNWTO) and the
Africa Travel Channel have partnered with Africa Investor on their
innovative Tourism Investor Awards. These awards represent the . . .
Executives' calendar.(Calendar)
FEBRUARY
18-21 NOG. Nigeria Oil and Gas ABUJA
Exhibition, Conference and Technical Sessions about Oil and
Gas. CWC Associates, London, UK. Tel: . . .
Angola.(Oil News)
THE CHEVRON-LED Angola LNG group has taken a go-ahead decision to
construct a 5.2m tonnes/year liquefied natural gas complex at Soyo. The
facility, which will take the country into the LNG business . . .
Cape Town hosts Oil Africa 2008.(Oil News)
AFRICA'S GROWING ROLE in oil exploration and production was
the key theme of the 14th annual Africa Upstream conference in Cape Town
in October. The upcoming Oil Africa conference and exhibition to . . .
Uganda.(Oil News)(Tullow Oil PLC anticipates taking a go-ahead
decision in March on the installation of an early-production syst
IRELAND'S TULLOW SAID it anticipates taking a go-ahead
decision in March on the installation of an early-production system for
its Mputa field, on the shore of Lake Albert.
The firm is studying . . .
Namibia.(Oil News)(SINTEZNEFTEGAZ)(Deep Venture drillship)(Brief
article)
RUSSIA'S SINTEZNEFTEGAZ WAS planning to start an exploration
well in Block 1711 by mid-February. The firm has contracted the Deep
Venture drillship for the well, Kunene-1, and will start work when . . .
Nigeria.(Oil News)
TRAIN 6 AT Nigeria LNG's liquefied natural gas complex at
Bonny island, which was starting-up at the turn of the year, was built
in less than 41 months from contract award according to the . . .
Angola's high-tech Pazflor goes ahead.(Oil News)
A GROUP HEADED by France's Total has launched its Pazflor
development, covering four oilfields lying about 150 kilometres offshore
in deepwater Block 17. The innovative development is due to flow . . .
Gold soars to all-time high.(Commodity Report)
OVER THE PAST four weeks gold has regained and superseded the
all-time record high of US$850 a troy ounce recorded in November. By 10
January gold prices had soared to their highest ever level of . . .
Demand boosts tea.(Commodity Report)
KENYAN TEA PRICES moved higher at the first auction of 2008, held 8
January in Mombasa on the back of strong demand as export buyers stocked
up on fears of more disruption. The first tea auction of . . .
Platinum sets record highs on supply concerns.(Commodity
Report)(Brief article)
CONTINUING TIGHT SUPPLIES have taken platinum to new record highs
during the past month, with prices for the white precious metal setting
new records during December and first half January. Prices . . .
Cocoa futures prices rise sharply.(Commodity Report)
COCOA FUTURES PRICES have moved up sharply in both London and New
York over the past month on account of the cocoa agency officials'
strike in Cote d'Ivoire.
[ILLUSTRATION OMITTED]
Cote . . .
Robusta recovers.(Commodity Report)(Brief article)
ROBUSTA COFFEE FUTURES have undergone a recovery over the past four
or five weeks, largely on the back of renewed investor interest in the
commodity. From languishing at around US$1,800 a tonne in . . .
Copper recovers somewhat, but for how long?(Commodity
Report)(Brief article)
AFTER COMING UNDER pressure in the last weeks of 2007 when its
price on the London Metal Exchange (LME) fell to a nine-month low in
mid-December, copper has since picked itself up on the back of . . .
Several countries move up US's MCC ranking.(Commercial
Review)(Brief article)
BOTH MALAWI AND Mauritania are now closer to joining the Bush
Administration's Millennium Challenge Account. Malawi is now
eligible to begin applying for a large-scale grant from a programme
which . . .
Regional growth trends.(Commercial Review)(Brief article)
THE COMMODITIES BOOM in minerals and beverages should help the
Central African region to overtake the West this year says the African
Development Bank in its latest Africa Economic Outlook. But . . .
COMESA moves towards customs union.(Commercial Review)(Common
Market for Eastern and Southern Africa)(Brief article)
The main focus of COMESA for 2008 is the launch of the customs
union by December this year. This is yet another step in the integration
agenda after the region attained Free Trade Area status in . . .
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