Olam to set up new cocoa processing facility in Cote d’Ivoire Published by Claude Harding on 29 August 2010 Olam International has announced that it will invest US$43.5 million in Cote d’Ivoire to set up a cocoa processing facility in Abidjan.
Burundi making progress; challenges remain Published by Zack Baddorf on 29 August 2010 Burundi’s President Pierre Nkurunziza has been sworn into office for another term. He was re-elected in the country’s first presidential direct-vote election in late June, while the opposition boycotted the poll, claiming massive fraud and intimidation by the government in previous legislative and local-government elections.
SABMiller to double production in Southern Sudan Published by Staff Writer on 26 August 2010 SABMiller has announced that it is doubling the size of its existing brewery operations in Juba and has introduced a soft drinks range and bottled water product into the country.
Overview: Zimbabwe’s sugar industry Published by Nontando Sibanda on 26 August 2010 Nontando Sibanda, an analyst at Imara, looks at Zimbabwe’s sugar industry
Spar opens shop in Nigeria; Shoprite not fazed Published by Claude Harding on 25 August 2010 International retail network, Spar, has opened its first outlet in Nigeria according to a report in Business Day. Spar has partnered with Nigerian retail chain Park ‘n’ Shop, owned by the Artee Group.
Rwanda strives to move beyond the ghosts of the past Published by Imara Africa Securities team on 25 August 2010 Unfortunately best known for the brutal genocide that occurred between April and June 1994, Rwanda has slowly but surely dragged itself out of that dark past.
Bright spots in South African economy despite growth slowdown Published by Arthur Kamp on 25 August 2010 South Africa experienced a material slowdown in growth to 3.2% in the second quarter from 4.6% in the first quarter. Gross domestic product (GDP) excluding agriculture advanced just 2.7%.
Chinese firm in talks to build high-speed rail project in South Africa Published by Staff Writer on 24 August 2010 China Railway Group is in talks with South Africa’s government to build a US$30 billion high-speed rail project.
ICT entrepreneur looking to conquer Africa Published by Dinfin Mulupi on 23 August 2010 At 35, Ken Njoroge is running one of the most respected mid-sized companies in Kenya.
HSBC close to a deal for controlling stake in South African bank Published by Staff Writer on 23 August 2010 HSBC is set to win the auction for a controlling stake in Nedbank, South Africa’s fourth-largest lender.
Lower interconnection fees to impact Kenya’s mobile market Published by Imara Africa Securities team on 20 August 2010 The Communications Commission of Kenya (CCK) has cut mobile interconnection fees by 50% to encourage telecommunications companies to lower the cost of calls.
Far more to Ethiopia than meets the eye Published by Imara Africa Securities team on 19 August 2010 According to the chief economist and vice president of the AfDB, Mthuli Ncube, “now is the right time for Ethiopia to invest in the necessary infrastructure that will enable it to introduce a stock market”.
Southern Sun takes over operations of Nairobi hotel Published by Dinfin Mulupi on 19 August 2010 African hotel group, Southern Sun, has taken over operations of the Holiday Inn Nairobi, re-launching the city hotel as the Southern Sun Mayfair Nairobi.
South African firms constructing new Maputo hotel Published by Staff Writer on 19 August 2010 South African engineering and construction group Stefanutti Stocks is currently constructing a five star Radisson Hotel on Beach Road in Maputo, Mozambique.
