A single East African currency and what it means for business in the region Published by Jaco Maritz on 9 February 2011 We talk to Standard Bank’s Yvette Babb about the effect that greater integration will have on business and investment in East Africa.
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.
Africa one of the last frontiers for world’s biggest advertising company Published by Claude Harding on 8 February 2011 WPP, one of the world’s largest advertising firms, is actively pursuing opportunities on the African continent.
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.
Mango targeting Nigerian women with high street fashion Published by Jaco Maritz on 7 February 2011 Spanish fashion retailer Mango aims to have a presences in each of Nigeria’s major cities.
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.
Making it in the male dominated trucking business Published by Regina Ekiru on 7 February 2011 Monica Matiri is the founder and director of Workmanship Production Limited, a Kenyan trucking company. Matiri spoke to Regina Ekiru on how she has made it in a male dominated field.
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.