Philippe Edmonds’ new venture

The latest venture of serial entrepreneurs Philippe Edmonds and Andrew Groves, Africa Oilfield Logistics, established to invest in the oil and gas logistics support industry in sub-Saharan Africa, has bought a 49% interest in Ardan Risk & Support Services, an oilfields and logistics business with operations in Kenya, Ethiopia and Mauritius. The deal is the first for Africa Oilfield, which has been granted exclusivity for 180 days with a view to entering into an agreement to acquire the remaining 51%.