Ardova Plc completes acquisition of Enyo Retail & Supply Ltd in Nigeria

Nigerian energy and oil marketing company Ardova Plc has announced the completion of its 100% acquisition of Nigerian fuels retailing company Enyo Retail & Supply.

Through this transaction, Ardova has grown its fuel retail stations by 95, bringing its total network in Nigeria to 545.

The acquisition is part of ongoing consolidation in the Nigerian downstream market as oil marketers seek to achieve economies of scale to boost profitability.

Earlier this month, RainOil also completed its acquisition of 63.6% of the shares of Eterna Plc though its investment arms, Preline Ltd (60.9%) and Norsworthy Investments (2.6%).

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South Africa has received its first ever LNG shipment

South African LNG distributor DNG Energy has announced the arrival of South Africa’s first ever consignment of liquefied natural gas on Tuesday this week. The shipment arrived from Rotterdam and is a first for South Africa who has until now imported gas by pipeline from Mozambique. DNG Energy expects to commission a floating storage unit […]

Southeastern Africa’s biggest solar PV plant opens in Malawi

President of Malawi, Dr. Lazarus Chakwera, officially inaugurated and commissioned the 60 MW Salima solar PV plant this week in Malawi’s Central Region. The Salima Solar project originated back in 2013 and entered the planning and design phase in June 2015. With 60 MWac, it is by far Malawi’s biggest solar plant and one of […]

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