Heineken boosts its Nigerian operations Published by Claude Harding on 20 January 2011 Heineken N.V., the world’s third- largest brewer by volume, has increased its Nigerian footprint through the acquisition of two holding companies from the Sona Group.
Hotel operator pursuing opportunities in Nigeria Published by Jaco Maritz on 20 January 2011 “We look at Nigeria as almost a continent within a continent.”
Top 10 African countries on Facebook Published by Jaco Maritz on 19 January 2011 Data published by Socialbakers.com reveals that Africa currently has just over 22 million Facebook users.
Why South Africa could be an attractive base for foreign private equity funds Published by J-P Fourie on 19 January 2011 Recent changes in legislation are paving the way for South Africa to serve as the hub for private equity funds looking to invest in the African continent.
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.
Africa’s investment comeback to gather pace in 2011 Published by Jaco Maritz on 17 January 2011 “Trading volumes at African stock exchanges and international buying enjoyed a significant uptick in the final quarter of 2010.”
Dangote Group president outlines reasons for its investment in Zambia Published by Staff Writer on 17 January 2011 Zambia’s high level of urbanisation as well as the government’s efforts to reduce dependence on copper, has motivated Nigeria’s Dangote Group to build a cement factory in the country.
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.
UAC and Tiger Brands conclude joint venture deal Published by Staff Writer on 15 January 2011 UAC of Nigeria (UACN), a Nigerian diversified company, and Tiger Brands, a South African fast-moving consumer goods firm, have concluded a deal to form a strategic partnership.
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.
Strong potential for fish farming in Africa Published by Promotional Feature on 10 January 2011 With the demand for fish strong throughout Africa, aquaculture presents a potentially lucrative business opportunity.