Key risks facing the Zambian economy Published by Staff Writer on 1 August 2011 Zambia, Africa’s top copper producer, has enjoyed peace and stability compared with many countries in southern Africa but a September election and a possible energy crisis is clouding its immediate outlook.
Samsung to earn five times more from Africa by 2015 Published by Staff Writer on 1 August 2011 Samsung Electronics has announced plans to boost its revenue from Africa to US$10 billion by 2015, the current size of the Chinese market.
Important to do your homework before investing in DRC Published by Staff Writer on 29 July 2011 “It is not an easy environment . . . but if you do your homework systematically, then I believe you can identify very good opportunities.”
Japanese cigarette firm invests in Sudan Published by Staff Writer on 28 July 2011 Tokyo-based Japan Tobacco has sealed a deal to buy Sudanese cigarette manufacturer Haggar Cigarette & Tobacco Factory (HCTF).
Nigeria’s Jonathan calls for longer, single presidency term Published by Staff Writer on 27 July 2011 Nigerian President Goodluck Jonathan said on Tuesday he will send a constitutional amendment bill to parliament aimed at changing the presidential and state governorship tenures to a longer, single term.
Namibian mining tax hike will discourage investment, says industry body Published by Staff Writer on 26 July 2011 Namibia’s Chamber of Mines wants the government to reconsider plans to impose a further 17% tax on exploration and mining firms in the southern African producer of diamonds and uranium, saying it would discourage investors.
Zimbabwe economy to grow by 9.3% in 2011, says government Published by Staff Writer on 26 July 2011 Zimbabwe’s economy is on course to grow by 9.3% in 2011, up from 8.1% last year, mainly on the back of a continued recovery in the key mining and agriculture sectors, Finance Minister Tendai Biti said on Tuesday.
Mining firm sees long-term potential in Zimbabwe Published by Staff Writer on 25 July 2011 Anglo American Platinum has not received any rejection notice from the Zimbabwean government over its plan to transfer a majority stake in its local operation to black investors, the company’s chief executive said on Monday.
China to build power plant in Central African Republic Published by Staff Writer on 25 July 2011 The Central African Republic (CAR) said on Monday it had signed a 14 billion CFA franc ($30.6 million) deal with a Chinese company to complete construction of a 10 megawatt power plant that would increase power supply to the capital.
More trouble for Walmart’s entry into Africa Published by Staff Writer on 21 July 2011 The South African government is looking to overturn the country’s Competition Tribunal’s decision to allow US-based Walmart’s takeover of local retailer Massmart.
The South Sudan Pound – Africa’s newest currency Published by Staff Writer on 19 July 2011 South Sudan started rolling out its new currency on Monday – the South Sudan Pound – escalating a point of simmering disagreement with Khartoum after the country split away from the north on 9 July.
PwC to boost Kenyan staff as multinationals look to Africa for growth Published by Staff Writer on 19 July 2011 Financial advisory firm PricewaterhouseCoopers has announced that it will hire 500 partners and staff in Kenya over the next three years.
Infrastructure development critical for in-demand Africa Published by Staff Writer on 15 July 2011 Africa’s commodities and resources are in demand, yet moving goods within the continent is prohibitively expensive with supply chain management and freight logistics being particularly challenging.
Zambia and Ghana now middle income countries Published by Staff Writer on 15 July 2011 Zambia and Ghana have been classified as middle income countries by the World Bank.
