Massmart shareholders vote in favour of Wal-Mart deal Published by Claude Harding on 17 January 2011 Massmart shareholders today voted in favour of the sale of a controlling stake in the company to US retailer Wal-Mart Stores.
Will East Africa adopt a single currency? Published by Claude Harding on 17 January 2011 East African Community states will today start discussions on the establishment of a monetary union and the adoption of a single currency throughout the region.
Vodacom says it may sell DRC unit Published by Claude Harding on 15 January 2011 South African mobile operator Vodacom Group may consider selling its Democratic Republic of Congo (DRC) business, Bloomberg reported today.
Should South Africa be a BRIC country? Published by Claude Harding on 15 January 2011 Jim O’Neill, chairman of Goldman Sachs Asset Management, says it is not entirely obvious to him why the other BRIC nations should have agreed to the inclusion of South Africa in the grouping.
Toshiba targeting African market with new manufacturing plant in Egypt Published by Claude Harding on 14 January 2011 Japanese electronics group Toshiba Corporation is aggressively targeting the African market with its range of TV models.
Airlines benefiting from high demand for flights to southern Sudan Published by Claude Harding on 14 January 2011 Business Daily yesterday reported that Kenya’s airlines are benefiting from more traffic to southern Sudan as the country’s week-long referendum drives demand.
Norwegian fertiliser firm betting on growth in Tanzania’s agriculture sector Published by Claude Harding on 13 January 2011 Norwegian-based global fertiliser company Yara International has announced a US$20 million investment into a new fertiliser terminal at the port in Dar es Salaam, Tanzania.
Malawian insurer to benefit from Sanlam’s expertise Published by Claude Harding on 11 January 2011 South African financial services group Sanlam is to buy a 49% stake in Malawi’s NICO Life Insurance Company Limited.
2011 the start of the dynamic market decade Published by Claude Harding on 6 January 2011 “Growth has really shifted from the north and the west, to the south and the east.”
Fly540 launches flights in Angola Published by Claude Harding on 5 January 2011 Fly540 Angola, the country’s first ICAO registered privately owned commercial airline, has started with operations.
Swedish telecoms infrastructure company opens Nairobi office Published by Claude Harding on 3 January 2011 Sweden-based Flexenclosure, a supplier of environmentally friendly telecom base station site solutions, has announced the opening of a new office in Kenya.
DRC exports could suffer because of AGOA decision Published by Claude Harding on 2 January 2011 The Democratic Republic of Congo (DRC) has lost its status as a beneficiary country under the African Growth and Opportunity Act (AGOA), effective 1 January 2011.
Illovo and its Mali sugar project Published by Claude Harding on 21 December 2010 South Africa’s Illovo Sugar is the strategic partner in a 190,000 tons per annum sugar project to be established in Mali.
Toshiba to start manufacturing TVs in Egypt Published by Claude Harding on 19 December 2010 Japan’s Toshiba Corporation last week announced that it is reinforcing its TV business in the Middle East and Africa
