Global

Statoil, BP signs offshore petroleum swap agreement
Energy

Statoil, BP signs offshore petroleum swap agreement

Norwegian oil and British oil majors, Statoil and BP have signed swap a definitive agreement. The agreement grants Statoil the regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight. Statoil said in a statement that the National Offshore Petroleum Titles Administrator […]

Blockchain startup, Stratumn raises EUR7 million
Bitcoin

Blockchain startup, Stratumn raises EUR7 million

The prospects of blockchain startups are getting brighter as Stratumn said it has raised EUR7 million in a Series C funding round. Stratumn provides network solutions securing processes between enterprises and their stakeholders through blockchain technology and advanced cryptography. The latest funding was raised from the Corporate Venture arm of […]

Rio Tinto to train SASAC leaders managing RMB50.5 trillion assets
Energy

Rio Tinto to train SASAC leaders managing RMB50.5 trillion assets

Rio Tinto said it has partnered with China’s State-owned Assets Supervision and Administration Commission (SASAC) to develop executive training for Central State-owned Enterprise (Central SOE) leaders. SASAC is the governing body responsible for supervising and managing the country’s state-owned assets. The total assets value of the 102 Central SOEs currently […]

Huawei offers digital supports to new Mombasa-Nairobi railway
Global

Huawei offers digital supports to new Mombasa-Nairobi railway

Huawei, one of the leading global Information and Communications Technology (ICT) solutions provider, has announced that the railway operational communications network it built for Kenya’s Mombasa-Nairobi rail project was put into commercial use. The company’s Digital Railway Solution is said in a communique that to enable multiple communications tasks, including […]

Intelsat opens new sales office in Nairobi
Global

Intelsat opens new sales office in Nairobi

Intelsat, an operator of Globalized Network and leader in integrated satellite communications, has announced the opening of a new sales office in Nairobi, Kenya. In a communique, the company confirmed that Intelsat’s Nairobi office will further enhance the company’s responsiveness to its customers, the leading communications services and media companies […]

JSE SENS

Ansys picks board chairperson, Teddy Daka as CEO

Ansys has appointed Teddy Daka has been appointed as chief executive officer of of the company The company said Rynier van der Watt, an executive director of board, will forthwith focus on merger and acquisition opportunities Also, Ansys said Nhlanhla Mjoli-Mncube, lead independent non-executive director, has been appointed as independent […]