NIGERIA > China Offshore Oil Company (CNOOC) is set to invest additional $3 billion in Nigerian operations

CNOOC logo China Offshore Oil Company (CNOOC) is set to invest additional US $3 billion in Nigerian operations making it the most strategically important overseas business for CNOOC. Beijing based CNOOC’s Chief Executive Officer, Yuan Guangyu said that CNOOC had already invested $14 billion in Nigerian operations while leading a team of CNOOC top executives to the corporate headquarters of the Nigerian More …

NIGERIA > Barcelona based GBfoods and Africa focused investment firm, Helios Investment Partners, form JV

GBFOODs logo photoshop The joint venture of GBfoods and Helios Investment Partners is set to acquire certain assets and leading brands in Africa to operate in 30 African countries with leadership positions in Nigeria and Ghana. The joint venture has acquired various African companies including leading brands such as Jumbo (bouillon), Gino and Pomo (tomato paste), ┬áJago (milk powder and mayonnaise) and also More …