FirstRand announces interest in Nigeria’s Sterling Bank Published by Staff Writer on 14 April 2011 South African banking and financial services group FirstRand today announced that it might acquire a majority stake in Nigeria’s Sterling Bank.
HSBC licensed to open Kenyan office Published by Staff Writer on 11 April 2011 HSBC has been given permission to open a representative office in Kenya for marketing and liaison purposes.
Barclays scraps ATM charges in East Africa Published by Staff Writer on 11 April 2011 Barclays Bank has announced it will stop charging for transactions through is Automated Teller Machines in Kenya, Tanzania, and Uganda.
Nigeria’s mining sector only contributing 1% to economy Published by Staff Writer on 8 April 2011 The mining sector’s contribution to the Nigerian economy is only about 1%, according to Mines and Steel Minister Mohammed Sada.
SA’s Sanlam to invest in Zambia, Tanzania Published by Staff Writer on 6 April 2011 South African financial services firm Sanlam said it will invest in medical insurance businesses in Zambia and Tanzania during 2011.
Chinese vehicle manufacturer Foton to build assembly plant in Kenya Published by Staff Writer on 5 April 2011 Chinese vehicle manufacturer Foton is taking on Japanese and European brands such as Mercedes, Iveco, Mitsubishi, and Nissan by setting up an assembly plant in Kenya.
Africa’s best airport: And the winner is… Published by Staff Writer on 4 April 2011 Johannesburg’s OR Tambo International Airport has been named the best airport on the African continent.
Telkom sells Nigerian unit to Visafone Published by Staff Writer on 4 April 2011 Telkom South Africa has announced that it will sell its troubled Nigerian unit, Multi-Links, to Visafone for US$52 million.
Angola’s diamond industry could rival oil sector Published by Staff Writer on 2 April 2011 Within the next 15 to 20 years, Angola’s diamond industry could rival its oil sector in both output and volume.
Panasonic might build assembly plant in Nigeria Published by Staff Writer on 2 April 2011 Panasonic Corporation of Japan is examining the possibility of building an electronics assembly plant in Nigeria.
M-PESA goes global with Western Union alliance Published by Staff Writer on 1 April 2011 Kenya’s mobile services giant Safaricom has signed a partnership with Western Union that will allow M-PESA’s 13.5 million subscribers to receive international money transfers from 45 countries and territories worldwide.
Heineken eyeing two breweries in Ethiopia Published by Staff Writer on 29 March 2011 Heineken NV, one of the world’s largest brewers, has made an offer for two Ethiopian breweries.
PepsiCo building new plant in Kenya Published by Staff Writer on 28 March 2011 US multinational PepsiCo is in the process of establishing a beverage manufacturing facility in Kenya.
Fourth issue of agribusiness newsletter published Published by Staff Writer on 28 March 2011 How we made it in Africa, in association with South Africa’s Agribusiness Development Corporation (ADC), on Friday published the fourth issue of the agri4africa email newsletter.
