More wind power projects to come on stream in Southern Africa Published by Staff Writer on 30 May 2010 Wind power generation currently plays a negligible role in the energy mix of Southern Africa but the situation is expected to improve slightly over the coming years.
Rwanda best place to do business in East Africa – report Published by Dinfin Mulupi on 28 May 2010 Rwanda is the best place to do business in East Africa. This according to a World Bank report published this week.
Hotel operator books its place on Botswana Stock Exchange Published by Staff Writer on 27 May 2010 Cresta Marakanelo, Botswana’s largest hotel operator, is on track for a 17 June listing on the Botswana Stock Exchange judging by enthusiastic public response to the sale of 62,9 million shares in the company by Botswana Development Corporation.
Will Africa get an extra country? Published by Staff Writer on 25 May 2010 Southern Sudan will in early 2011 hold a referendum to determine whether to remain part of a united Sudan or become a separate state.
Cement firm positive about Rwanda’s economy Published by Staff Writer on 25 May 2010 Tanzania-based Tanga Cement Company (TCC), which launched its operations in Rwanda last week, is positive about the country’s potential due to solid gross domestic product (GDP) growth and the low inflation rate.
Japanese organisation financing new Mombasa container terminal Published by Dinfin Mulupi on 24 May 2010 The Kenya Ports Authority (KPA) has said designs for the construction of a KSh.16 billion (US$202 million) second container terminal at the Mombasa port will be ready by June.
Fortune favours the brave (and patient) Published by Jaco Maritz on 22 May 2010 The Imara Group is one of the pioneers in Africa’s investment banking and asset management space. The group invests in numerous stock exchanges across the continent. Jaco Maritz spoke to John Legat, chief executive officer of Imara Asset Management.
Cameroon signs trade agreement on tropical hardwood Published by Staff Writer on 20 May 2010 The European Union (EU) and the Government of Cameroon last week announced a trade agreement in which Africa’s biggest exporter of tropical hardwood to Europe has agreed to ensure wood traded within the country and shipped from Cameroon to the EU and other destinations worldwide contains no illegal timber.
Dutch company seeing potential in polluted water Published by Dinfin Mulupi on 20 May 2010 Multi Purpose Industries (MPI), a Dutch company specialising in potable water solutions, has launched a state-of-the-art decentralised water purification unit in Kenya. MPI has invested over US$70 million in the project.
SABMiller records growth in its African markets Published by Staff Writer on 20 May 2010 London-based brewer, SABMiller, has recorded an increase in its African sales volumes during a year in which economic growth slowed as a result of the global economic recession, and which also resulted in weaker currencies, increased cost of debt and higher inflation.
South African firm moves into Nigeria’s insurance market Published by Staff Writer on 20 May 2010 South African financial services group, Sanlam, has entered into a joint venture with First Bank of Nigeria plc to form a new insurance firm, FBN Insurance Company Limited.
Chinese investment in Zambia questioned Published by Staff Writer on 18 May 2010 The leader of Zambia’s main opposition Patriotic Front (PF) party says the government’s announcement of a US$1 billion Chinese investment to help build an electric power plant is a “cheaply conceived” ploy to garner votes ahead of next year’s general elections.
A single East African currency by 2012? Published by Dinfin Mulupi on 17 May 2010 Talks are ongoing between central banks of the East African Community member states on the introduction of a single currency by 2012. If negotiations among the member states succeed the EAC countries would have a single currency in the next two years.
Private firm tackling Nigeria’s power problems head on Published by Staff Writer on 17 May 2010 Nigeria’s power supply problems are having a detrimental effect on the economy. Geometric Power Ltd has taken the bull by the horns and is currently developing its own independent power project in the southern city of Aba.
