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Bankers diversifies with copper-cobalt exploration project in Namibia
August 16, 2018

Bankers Cobalt Corp. has entered an option with a private Namibian partner to acquire a 70 per cent interest in a prospective base metals, precious metals and industrial metals license located in Namibia.

The option is for a period of two years with no defined expenditure requirements and may be extended or converted into a 70/30 corporate joint venture within the two-year option timeline.

Stephen Barley, Chairman and CEO stated: 'Bankers' primary focus will remain on the exploration of our large property portfolio in the DRC.

Based on key relationships, Bankers was presented with the opportunity to participate in a highly prospective substantial land package in Namibia and the potential was so compelling the Corporation determined to add this to the portfolio.

This allows Bankers to provide diversification from the DRC with nominal cash consideration, no additional share or equity consideration and with no distraction from our primary DRC cobalt and copper focus.'


August 16, 2018

Oil and gas exploration multinational Eni has announced that a new concession agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities.

The exploration license, named “Nour”, is located approximately 50 km offshore in the Eastern Mediterranean, in water depth ranging from 50"...

August 16, 2018

Ethiopian Airlines is the frontrunner to manage Nigeria's new national carrier, its chief executive has announced.

Nigeria unveiled plans for Nigeria Air, its new airline last month, and Minister of State for Aviation, Hadi Sirika indicated that it was in the market for investors to manage the carrier.

After enjoying a very"...

August 16, 2018

The International Air Transport Association (IATA) and the Rwanda Civil Aviation Authority (CAA) have signed a Memorandum of Understanding (MoU) to partner for the improvement of aviation safety.

Under the MoU, the parties will work together to establish a framework for using the IATA Operational Safety Audit (IOSA) to complement Rwanda’s safety oversight.


August 16, 2018

Ford Motor Company’s Silverton Assembly Plant in Pretoria has reached a significant milestone with the assembly of the 500 000th current generation Ford Ranger.

The half-millionth unit, a Wildtrak 3.2 Double Cab, was fittingly painted in the range-topping model’s distinctive and exclusive Pride Orange, and signifies the Ranger’s segment-defining legacy since production commenced in"...

August 16, 2018

Visa has today announced a strategic partnership with Maxcom Africa PLC to enable more than 30,000 retailers in Tanzania to accept Visa on mobile payments. This effort aims to connect more Tanzanian consumers to the global payment system. It also comes as part of Visa’s strategic move to provide mobile payment services across East Africa.

The partnership will also allow 20,000 local agents to conduct"...

August 16, 2018

Iranian Oil Minister Bijan Zanganeh will attend a meeting of an Opec/non-Opec committee that monitors output compliance, known as the JMMC, in Algeria in September, the Iranian Students’ News Agency (ISNA) reported on Wednesday.

Zanganeh’s goal in attending the meeting is to maintain Iran’s oil market share, ISNA reported.