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.
Mozambique to start exporting coal from July this year Published by Staff Writer on 10 February 2011 Mozambique expects to start exporting coal by the middle of 2011, mineral resources minister Esperanca Bias told the Mining Indaba conference in Cape Town.
Japan trying to catch up with China for influence in Africa Published by Staff Writer on 9 February 2011 Japan is looking to invest billions of dollars in minerals and infrastructure in Africa. Yoshikatsu Nakayama, vice minister of economy, trade and industry, told Reuters that Japan is scouting for projects in which to invest.
French nuclear company sees DRC as politically unstable Published by Staff Writer on 9 February 2011 French nuclear energy company Areva told Bloomberg that it is unlikely to develop a uranium mine in the Democratic Republic of Congo until the country becomes more politically stable.
Southern Sudan’s independence confirmed Published by Staff Writer on 8 February 2011 Final election results show southern Sudan voted overwhelmingly to separate from the north, splitting Africa’s largest country in two.
Cipla to boost investment in Uganda Published by Staff Writer on 7 February 2011 Quality Chemicals Industries, a Ugandan pharmaceutical company partly owned by India’s Cipla, has announced it plans to invest $80 million in two separate expansion programmes over the next two years.
China to build hydroelectric dam in DRC Published by Staff Writer on 7 February 2011 China’s Sinohydro, the company behind the Three Gorges Dam, will build a hydroelectric dam in the Democratic Republic of Congo in a deal said to be worth $367 million.
Africa’s private sector confident about the future Published by Staff Writer on 6 February 2011 January results of the first pan-African Business Confidence Index indicate confidence and growth with an index of 63.88 and 61.33 for the manufacturing and non-manufacturing sectors respectively.
Virgin Active targets South Africa’s township market Published by Staff Writer on 6 February 2011 Virgin Active is targeting South Africa’s township market with a new gym in Soweto set to open at the end of July.
Rwanda: Foreign companies show interest to invest in Kigali City Park Published by Staff Writer on 4 February 2011 Five companies, three foreign and two local, have indicated an interest to invest in the mega Kigali City Park.
Nestlé to invest $70 million in South Africa Published by Staff Writer on 3 February 2011 Nestlé announced yesterday that it will invest R505 million (US$70 million) in South Africa.
Nigeria: Deals imminent for four rescued banks Published by Staff Writer on 2 February 2011 Four of the nine Nigerian banks rescued in a bailout in 2009 are expected to sign agreements with new investors over recapitalisation this month, the country’s central bank said on Wednesday.
