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Firms Sign Agreement To Sell Natural Gas In Nigeria

Shoreline Energy Limited, the parent company of Gasland Company Ltd, and The Shell Petroleum Development Company of Nigeria Limited (SPDC) Tuesday signed an agreement to explore opportunities to buy, market, distribute and sell natural gas to consumers and companies in the Victoria Island, Ikoyi, Lekki, and Epe areas of Lagos.

"The partnership is a significant boost to the gas supply efforts of the Federal and Lagos State governments and will deliver tangible benefits to companies and households in Lagos," said Kola Karim, Chairman of Gasland and Chief Executive Officer of Shoreline Energy.

"The project started in October 2015, when Shoreline Power, a subsidiary of Shoreline Energy took a 75% stake in Gasland, who had been granted the Lekki gas distribution franchise for these areas by the former Nigerian Gas Company (NGC)."

SPDC's General Manager Gas, Philip Mshelbila said, "We welcome this partnership with Shoreline to build on our companies' gas supply strength and distribution know-how to deliver gas to customers in the franchise areas. This is an important next step in the expansion of the Nigerian domestic gas market which we have been pioneering since the 1960s."

The Lekki franchise gives exclusive rights to distribute and sell gas in the Victoria Island, Ikoyi, Lekki, and Epe areas of Lagos.

Exciting New Internet Address dotAfrica ‘.africa’ Best Option For Africa In Cyberspace

It is now possible to own an Internet address, or domain name, ending with .africa. Already, more than 8000 of the continent's and world's biggest brands, businesses and individuals have registered for this exciting new Internet address.

Diverse organisations ranging from banks to media companies are registering .africa domain names because they recognise the importance of being associated with Africa's bright future online.

“With many positive stories coming out of Africa, brands understand that .africa domain names are valuable virtual real estate," says Lucky Masilela, CEO of the ZACR, the non-profit company tasked with administering the new .africa domain name on behalf of the continent.

54 countries in Africa are now united under a single, continent-wide domain name, staying true to the Oliver Tambo and Abuja Declarations of the 1990s. These written resolutions stated that ICT will be central to Africa's future wellbeing and .africa is surely amongst the top African-led ICT initiatives of the last twenty years.

"Initiatives like .africa help harness the power of new technologies to solve old problems. .africa is unique in that it gives Africans an important sense of pride to help motivate them to achieve the very best for their continent and themselves. ZACR appeals to all Africans to take ownership of .africa, because it truly belongs to us all," concludes Masilela.

.africa domain names are now available and anyone can register through companies listed here: http://Registry.Africa/registrars.

Ghana’s Vice President Confident Africa Is Ready For Economic Transformation

Story By Malise Otoo in Accra, Ghana

According to the African Transformation Report, ACETs flagship publication launched in October 2013, on the measures of economic transformation, it said, "Africa has been lagging behind East Asia, in large part because of state-led industrial policies in the first decades after independence and the market-led adjustment policies of the 1980s and 1990s.

Since then, some African countries have been moving toward a middle course between the two policy extremes. Six of the 10 fastest growing economies in the 2000s were in Africa, and others were above or near the 7 percent threshold for economic takeoff, set to double their economies in ten years."

However, this has not mostly happened in Africa and therefore much of the growth needs to come from better macroeconomic policies and booming commodity markets.

Dr.Mahamadu Bawumia, Vice President of the Republic of Ghana delivering his keynote address during a G-20 Compact with Africa (CWA) meeting here in Accra outlined several points he believes can accelerate Africa's transformation and development.

According to him, leadership matters in the fastest way or form to complete the compact, saying "it is our responsibility to leave up to the expectation of the compact."

Nevertheless he bemoaned the spectre of anti-globalization efforts, continued falling global economic indicators, challenges in the European Union, increasing migration and demographic pressures, and the lack of political cohesion on climate change haven made the job of leading the G20 under the German Presidency a challenging one although he was full of praise for its Presidency describing it as "unprecedented".

Furthermore, the Vice President, Dr.Mahamadu Bawumia reminded parties at the G20 compact that without commitment, the compact is just what it is, a compact. He said, “African governments have made commitments. The World Bank, IMF and African Development Bank have made commitments and the G20 nations have made commitments. It is our responsibility and duty to live up to our commitments." 

He stipulated that Ghana has identified a strong reform program to build the most business friendly environment in Africa. He explained further that for Ghana the CWA has also been an opportunity to re-focus attention on areas where investment is badly needed.

These include renewable energy, agriculture and agro-processing, the financial sector, infrastructure such as transport, industrial sectors such as aluminum and petrochemical, and tourism.

He mentioned that the country is focused on prudent expenditure management to reduce expenditure, broadening the tax base, enhancing tax compliance to reverse the unfavorable debt dynamics under the macroeconomic framework pillar of the CWA.

Under the Business framework pillar, the country according to the Vice President is creating the Ghana Business e-Registry and developing model contracts in line with international best practice while under the financial framework pillar the country seeks to reduce dominance in the debt market and promoting corporate issuance.

He said, "aid landscape is dwindling and we must contemplate a future beyond aid. We must create the environment to mobilize domestic financing." Similarly, he further stated that, "we must promote an environment of transparency with a sense of urgency in economic transformation."

Seven African countries make up the Compact namely, Côté D'Ivoire, Ghana, Ethiopia, Morocco, Rwanda, Senegal, and Tunisia. 

  • Published in Africa
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New Varsity VC Promises Research, Knowledge Based Education

The newly appointed vice chancellor of Jinja road based Victoria University, Dr Krishna N. Sharma, has vowed to change the way education is delivered in Uganda by adopting a research and knowledge driven teaching methods.

He was speaking at the Guild Meet and Greet Students Expo over the weekend. The evening event was attended by Victoria University students, management, secondary school students from select schools and other guests.

Dr. Sharma, who brings to Victoria University a wealth of experience having taught in six African countries, the last before coming to Uganda being Cameroon, says students should come out of university with more than a university degree paper but without knowledge.

“Students go to some universities and come out with the paper, not knowledge but the paper, I promise that when you come out of Victoria University, you will have the paper, you will have the knowledge, and you will have research papers publications,” he said.

The senior academician who has published over 200 publications in the medical field revealed that the University has international collaborations for international internships.

“Just compare a person coming out of university with say a bachelor of computer science and you coming out of Victoria University with a degree, published research papers, knowledge, international internship and innovations,” he boosted.

Victoria University seems to be walking the talk. The guild president Peter Isiko and six other students from the faculty of ICT showcased a mobile security app they called Nisaidiewhich will help users in times of emergencies and in the fighting crime.

“Each and every student in the faculty who presented a paper had an idea. At the moment, students are getting free mentors, free facilities. So when they go out of Victoria University, they have their business setup.”

“What I want you to do is think out of the box, do what you love to do but again there is a difference between what you want to do and what you want to be.” Dr. Sharma said in a message directed to some of the secondary school students who were in attendance.

He encouraged high school students who attended the evening event to always visit Victoria University for career guidance. Guests who turned for the event toured the school facilities and interacted with the University teaching staff.

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