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.
Property group buys Cape Town’s V&A Waterfront Published by Staff Writer on 15 February 2011 Growthpoint Properties Limited together with the Public Investment Corporation Limited (PIC) representing the Government Employees Pension Fund announced today that they have entered into an agreement to acquire, in equal proportions, South Africa’s iconic V&A Waterfront.
Wal-Mart’s acquisition of Massmart one step closer to completion Published by Staff Writer on 14 February 2011 Wal-Mart’s proposed acquisition of Pan-African retailer Massmart received a nod from South Africa’s Competition Commission.
New bank loans for M-Pesa agents Published by Staff Writer on 13 February 2011 M-Pesa agents in Kenya can now acquire unsecured bank loans, to expand their businesses, from KCB following a partnership agreement between the bank and mobile operator Safaricom.
International airlines eyeing Zimbabwe route Published by Staff Writer on 13 February 2011 Nine international airlines have proposed to fly into Zimbabwe this year.
Egypt: Zin Bekkali responds to the news of Mubarak’s resignation Published by Staff Writer on 11 February 2011 In response to the news that Egyptian president Hosni Mubarak has resigned, Zin Bekkali, CEO of emerging markets focused Silk Invest, wrote the following note.
Remittances from Kenyans abroad reach new high Published by Staff Writer on 10 February 2011 Remittances from Kenyans living abroad last year hit a record amount.
SA’s Vodacom to boost presence in Nigeria, Business Day reports Published by Staff Writer on 10 February 2011 Business Day reports that South African mobile operator Vodacom, through its subsidiary Gateway Communications, is planning to boost its presence in Nigeria’s telecommunications market.
Kenya: Property developers shifting focus from Nairobi to smaller towns Published by Staff Writer on 10 February 2011 Kenyan real estate developers are shunning the capital Nairobi for developments in smaller towns.
