Statoil, BG to Build Tanzania LNG Plant in Lindi, Minister Says

Bloomberg reported today that Statoil ASA (STL) and BG Group Plc (BG/) will build Tanzania’s first liquefied natural gas plant in Lindi and are due to meet with authorities about the project’s schedule and details in April. Production could start in 2021 or 2022 and investments could be $20 billion to $30 billion. Partners in the offshore blocks include Exxon Mobil Corp. (XOM), Ophir Energy Plc (OPHR) and Pavilion Energy Pte.

To read the entire article, click through here.

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820

German Development Minister: "For us, Africa is the continent of opportunities."

Bonn-based international broadcaster, Deutsche Welle recently interviewed German Development Minister Gerd Muller on the topic of Africa's role in the future of German development -- over the course of the interview Muller was quoted as saying,"For us, Africa is the continent of opportunities...the population will double in the next 30 to 50 years...this continent, which is 100 times bigger than Germany, is enormously dynamic."

For more of the Minister's thoughts on Germany's interest in trade development and investing in Africa, click on the following link to review the complete interview -- Gerd Muller: "For us Africa is the continent of opportunities."

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820

Bloomberg News: Lenovo to Expand in Africa as Smartphones Debut in Nigeria

Recently, Bloomberg reported that Lenovo Group Ltd., the world’s largest maker of personal computers, plans to expand its smartphone business in three west African countries this year as it builds on a surge in demand in Nigeria. The company may start sales in Ghana and Ivory Coast later in the year. “Smartphones are fast becoming a primary platform for work, entertainment and social networking” in Nigeria, said Graham Braum, Lenovo’s general manager for Africa. Given that Nigeria is Africa’s most populous nation with 170 million people is the next big market for Lenovo following a “successful” entrance in the United Arab Emirates and Saudi Arabia, he said.

To read the entire article, click through here.

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820