Liquidity challenges continue to hamper trading on Ghana bourse Published by Imara Africa Securities team on 1 August 2010 Liquidity constraints remain one of the biggest hindrances to foreign investment on the majority of sub-Saharan Africa’s frontier markets.
Tourism industry on alert ahead of referendum Published by Dinfin Mulupi on 1 August 2010 The Kenya Tourist Board has moved to dispel fears and reassure tourists of their safety in the country ahead of Wednesday’s referendum.
Does your business qualify for Pioneer Status in Nigeria? Published by Staff Writer on 30 July 2010 The grant of Pioneer Status to an investment in Nigeria is aimed at enabling the industry concerned to make a reasonable level of profit within its formative years.
Portuguese lender eyeing Mozambique’s Moza Banco Published by Staff Writer on 29 July 2010 Banco Espirito Santo SA, Portugal’s largest publicly traded bank by market value, has signed a memorandum of understanding to acquire a 25% stake in Mozambique’s Moza Banco SA.
East African Breweries acquires Tanzanian beer maker Published by Dinfin Mulupi on 29 July 2010 East African Breweries Limited (EABL) has acquired a majority stake in Serengeti Breweries Limited (SBL) of Tanzania.
Senegal gold project proves economically viable Published by Staff Writer on 29 July 2010 Canada-based Oromin Explorations has announced that a feasibility study for a proposed open pit and underground mine in Senegal has shown that the project is economically viable.
Second round of bank consolidation draws near in Nigeria Published by Imara Africa Securities team on 28 July 2010 As expected, the passing into law of the AMCON Bill in Nigeria, as well as the advent of the reporting season, has seen Nigeria’s All Share Index rally somewhat over the past few days.
Brazilian firm views South Africa as important market Published by Staff Writer on 27 July 2010 WEG, a Brazil-based industrial-machinery maker, has acquired control of South Africa’s Zest Group.
How safe is it to fly in Africa? Published by Jaco Maritz on 27 July 2010 The recent death of 11 people, including well-known Australian businessman Ken Talbot and other executives of Sundance Resources, when their plane crashed in the Republic of the Congo has again turned attention to air safety in Africa.
Low cost carrier introduces competition on Maputo route Published by Staff Writer on 26 July 2010 South African low cost carrier, 1time airline, last week announced it will operate five flights a week between Johannesburg and Maputo, Mozambique, commencing 12 August 2010.
New laws for tourism operators in Lagos State Published by Staff Writer on 26 July 2010 Lagos State Governor, Babatunde Fashola last week signed into law a bill for the regulation and standardisation of the tourism sector in the state.
Manufacture wind turbine components in Egypt Published by Staff Writer on 26 July 2010 The Egyptian government is seeking to develop selective wind turbine components to serve the increasing demand from local and regional markets.
Sudan cement plant a ‘challenging’ project Published by Dinfin Mulupi on 23 July 2010 “Although we are accustomed to working in remote locations and to dealing with intense heat, the challenges at Takamol were compounded by the fact that the two banks of the Nile were only recently connected by a bridge.”
Globacom to start operations in The Gambia Published by Staff Writer on 21 July 2010 Nigeria-based African telecommunications firm, Globacom, has won a licence to operate telecom services in The Gambia.
