Renaissance Capital acquires BJM Securities Published by Staff Writer on 3 May 2010 South Africa-based BJM Holdings today announced the sale of its wholly owned subsidiary BJM Securities to the Russian emerging markets investment bank, Renaissance Capital.
West African media firms hit by economic downturn Published by Staff Writer on 3 May 2010 West African media organisations are finding it increasingly difficult to survive due to the tough economic situation.
Kenyan entrepreneur turns trash into cash Published by Dinfin Mulupi on 3 May 2010 A Kenyan firm has discovered a way to turn plastic waste into a profitable business venture. Lorna Rutto is the founder of Global Bio Energy, a company that manufactures fencing posts from recycled consumer plastic waste from Dandora, a slum in Kenya’s capital city of Nairobi.
US firm to invest in agriculture projects in Angola, Malawi Published by Staff Writer on 1 May 2010 US-based Gaiacor International has announced that it has signed a memorandum of understanding with MITC Investments to manage and operate large farming operations in Angola.
African farmers growing organic crops for European markets Published by Staff Writer on 30 April 2010 African farmers are making money producing organically grown crops for European markets, where demand for healthier food is growing.
Nigeria stock market up 20% in 2010 Published by Staff Writer on 29 April 2010 Nigeria’s stock market is up more than 20% this year on stronger-than-expected corporate earnings and renewed foreign investment.
Nigerian banks allowed to accept banking shares as collateral Published by Staff Writer on 28 April 2010 The Central Bank of Nigeria has stated that the country’s banks are allowed to accept banking shares as collateral for lending.
South African miner looking to hit gold in Zimbabwe Published by Staff Writer on 27 April 2010 South Africa-based gold mining company, DRDGold, has announced it will start with exploration activities in Zimbabwe.
Electric car to be manufactured in Ethiopia Published by Staff Writer on 22 April 2010 An Italian-Chinese business venture is opening a factory in Ethiopia to produce a practical and affordable electric car in one of the world’s poorest countries.
East African Breweries acquires rights for Windhoek Lager Published by Staff Writer on 22 April 2010 Kenya-based East African Breweries Limited (EABL) has acquired the distribution and marketing rights for the Namibian-brewed premium beer, Windhoek Lager.
Sanlam enters Ugandan market Published by Staff Writer on 22 April 2010 South African financial services group, Sanlam, yesterday launched a life insurance business in Uganda, a country it believes has excellent growth potential.
Mining company removes salt from seawater in Namibia Published by Staff Writer on 21 April 2010 French mining and energy company, Areva, last week inaugurated Namibia’s first seawater desalination plant.
Starwood to inject $176 million into Nigeria hotels Published by Staff Writer on 20 April 2010 The Starwood Hotel Group, managers of the Sheraton and Le Méridien brands, has announced it will invest N26.6 billion (US$176 million) in Nigeria’s hospitality industry over the next two years.
Tanzania export processing zone attracting interest from foreign investors Published by Staff Writer on 20 April 2010 The Kamal Group, a private firm, has announced it will spend US$300 million to establish an export processing zone in Tanzania.