British oil explorer Heritage has sold its fields in Uganda to Italian oil giant Eni SPA for between $1.3b and $1.5b.

Office automation and telecommunication solutions provider, Panabiz International Limited has said that it would continue to improve on its effective response time to customers, knowing that it contributes to the business efficiency of any Organization.

Globacom Limited, the Official Sponsor of the National Teams of Nigeria has rejected claims by the Nigeria Football Federation (NFF) that it has defaulted in the payment of the sponsorship fee for 2009 and says it may seek redress in

South Africa's Tiger Brands is leveraging on its acquisition of Haco Industries to market and distribute its range of food products in the region.

DESPITE THE challenges of the economy, the Otuasekan Rural bank has with the prudent measures put in place by the Board and management, made a profit before tax increase of 65% of GH¢217,945.91 in 2008, against GH¢131,309.42 in 2007.

As Globacom gets set to launch its Glo Broad Access service, which offers the convergence of advanced voice, advanced data and advanced video in a single wired line today, a brand new revolution seems to be in the offing in

The Zain Group net profit slumped by more than half to $144 million (shs270 billion), from the same period last year due to fluctuations in global currencies against the United States dollar, according to the companies latest financial results.

Unity Bank Plc has assured shareholders of impressive performance and returns including cash dividends by the end of the running financial year, which will mark the first report of the bank following the recapitalization exercise it plans to open soon.

Chairman of UnityKapital Assurance Plc Mallam Falalu Bello has challenged management of the insurance company to hit a billion naira profit mark by next year.

All is now set for the launching of the Glo Broad Access service which offers the convergence of advanced voice, advanced data and advanced video on one single wired line.

Peugeot Automobile Nigerian (PAN) Limited, Kaduna, will from next year stop running on generator when power situation in the country improves, Vice president Goodluck Jonathan has said.

Union Bank of Nigeria PLC has announced gross earnings of N147.32 billion for the Group for the financial year ended March 31, 2009.

Zain Tanzania has been voted "2009 Most Respected Company" in the country by East Africa's top CEOs.

Tanzania Electric Supply Company (Tanesco) flouted public procurement rules in awarding a Sh3.6 billion medical insurance tender, according to the Public Procurement Appeals Authority (PPAA).

TELKOM 'S monopoly over landline communications may officially be over, but its continued control of the "last mile" of copper leading to most customers' homes will remain a stumbling block to affordable internet access in SA for some time to

The Chairman of Unity Kapital Assurance Plc, Mallam Falalu Bello yesterday disclosed that financial report of the company indicated that it made over N518 million Profit After Tax (PAT) in the third quarter of the year, 2009.

SO NOW we know what Telkom looks like shorn of its high-growth, high-earning cellphone operation, Vodacom: pretty sad. First-half profit is down nearly 40% and despite the fact that this decline was actually better than the forecast range, the market

WHILE sustainability and environmental responsibility may be challenges for many businesses, the practice of inaccurate, wishful or biased reporting on sustainability still persists.

JSE-listed energy group Oando expected its oil fields Oil Mining Lease 90 and 56 to start production within the next two quarters, the company said yesterday.

MINER First Quantum has agreed to buy base metals explorer Kiwara in a 260m cash and shares deal as it seeks to expand its copper operations in Zambia. The Toronto, Canada- based First Quantum has copper mining interests in Africa,