SABMiller to build new brewery in Nigeria Published by Staff Writer on 1 March 2011 SABMiller, the world’s second largest brewer by volume, announced today that it will invest over US$100 million in building a new greenfield brewery in Onitsha, in South Eastern Nigeria.
Uganda: Losing presidential contender says he has not ruled out war Published by Staff Writer on 28 February 2011 Kizza Besigye, who lost out to Ugandan President Yoweri Museveni at the country’s 18 February polls, said he is not ruling out the possibility of going to the bush to dislodge President Museveni from power.
South Africa launches state-owned mining company Published by Staff Writer on 27 February 2011 South African President Jacob Zuma has launched a state-owned mining company, called the African Exploration Mining and Finance Corporation (AEMFC).
West African stock exchange to relocate to Mali Published by Staff Writer on 25 February 2011 Bloomberg reports that West Africa’s regional stock market, the Bourse Regionale des Valeurs Mobilieres, will relocate “temporarily” to Bamako, Mali after its offices in Abidjan, Ivory Coast were seized.
Africa to boost Emirates’ cargo business Published by Staff Writer on 23 February 2011 Emirates Airline expects the contribution of African routes to its cargo business to rise this year as vibrant economies on the continent import infrastructure gear and consumer goods.
East Africa exploring possibility of single stock market Published by Staff Writer on 23 February 2011 The East African Community has started a process to harmonise capital market regulations to ease the movement of money across national borders, making it easier for investors looking for expansion cash.
Protests flare up in Djibouti Published by Staff Writer on 20 February 2011 Pro-democracy protests have erupted in the small north-east African coastal state of Djibouti, echoing waves of protest seen throughout the Middle East.
Uganda’s Museveni wins presidential election Published by Staff Writer on 20 February 2011 Reuters reports that Ugandan President Yoweri Museveni won a fourth term in office with 68% of the vote. The opposition rejected the outcome.
United Bank for Africa suspends Ivory Coast operations Published by Staff Writer on 20 February 2011 Nigeria’s United Bank for Africa (UBA) has suspended operations of its Ivory Coast subsidiary due to the political crisis in the country.
How we made it in Africa publishes third issue of agri4africa newsletter Published by Staff Writer on 18 February 2011 How we made it in Africa, in association with South Africa’s Agribusiness Development Corporation (ADC), this week published the third issue of the agri4africa email newsletter.
Zimbabwe to nationalise diamond mines Published by Staff Writer on 17 February 2011 Reuters reports that Zimbabwe will proceed with plans to take controlling stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from nationalisation.
Nigeria: Telecoms sector overtakes banking, manufacturing Published by Staff Writer on 17 February 2011 The telecommunications sector’s contribution to Nigeria’s gross domestic product in 2011, is expected to exceed the combined contributions of the banking, manufacturing, insurance and solid minerals sectors.
Rwanda expects investments of more than $600 million in 2011 Published by Staff Writer on 16 February 2011 As Rwandan policy makers are considering the East as an important source of investment that is needed to actualise the country’s transformation agenda, investment inflows are expected to exceed US$600 million this year.
Tiger Brands makes another acquisition in order to grow African footprint Published by Staff Writer on 15 February 2011 South African consumer goods company Tiger Brands has announced that it would buy beverage manufacturer Davita Trading to boost its presence in Africa.
