Nigeria: Bread price to rise by 10% Published by Staff Writer on 4 January 2011 Master Bakers and Caterers of Nigeria will increase the price of bread in Nigeria because of the rising cost of baking and doing business in the country.
Swedish telecoms infrastructure company opens Nairobi office Published by Claude Harding on 3 January 2011 Sweden-based Flexenclosure, a supplier of environmentally friendly telecom base station site solutions, has announced the opening of a new office in Kenya.
Sanlam to acquire 49% of Malawian life insurer Published by Staff Writer on 3 January 2011 South African financial services group Sanlam Limited, through its Sanlam Developing Markets Limited subsidiary, is set to acquire 49% of Malawi’s NICO Life Insurance Company Limited, the Malawi Voice recently reported.
Eye on North Africa: December 2010 Published by Francois Conradie on 3 January 2011 North Africa specialist Francois Conradie looks at the region’s most important business and politics stories for the month of December 2010.
Nigeria: Investors urged to take advantage of newly dredged River Niger Published by Staff Writer on 3 January 2011 Nigeria’s Minister of Transport, Yusuf Suleiman, has called on investors to take advantage of the newly dredged lower River Nigeria, This Day newspaper recently reported.
Malawi electricity prices increased by 20% Published by Staff Writer on 3 January 2011 Malawi’s power utility, the state-owned Electricity Supply Corp., has announced that electricity prices were increased by 20%, effective 1 January 2010.
Doubts over South Africa’s Bric invite Published by Staff Writer on 3 January 2011 Many analysts are sceptical about South Africa’s suitability to join the Bric group of emerging economies, the Sunday Times reported yesterday.
Volkswagen eyeing investment in Algeria Published by Staff Writer on 3 January 2011 German automobile manufacturer Volkswagen is considering to invest in Algeria, according to Business Report.
Kenya Commercial Bank looking to double branches in southern Sudan Published by Staff Writer on 3 January 2011 Reuters reports that Kenya Commercial Bank (KCB) expects to double its branches in southern Sudan if the region manages to conduct a successful referendum, scheduled for 9 January 2011.
Growing demand for private health care in Kenya Published by Staff Writer on 3 January 2011 Private hospitals in Kenya have invested in costly expansion projects over the past year in order to cater for an increasing demand for quality health care from the country’s growing middle class.
Foreign investors still negative about Africa, says MTN CEO Published by Jaco Maritz on 2 January 2011 Many foreign investors with large amounts of capital at their disposal still hold a negative view of Africa although the situation is improving.
How we made it in Africa publishes second issue of agri4africa newsletter Published by Staff Writer on 2 January 2011 How we made it in Africa, in association with South Africa’s Agribusiness Development Corporation (ADC), recently published the second issue of the agri4africa email newsletter.
DRC exports could suffer because of AGOA decision Published by Claude Harding on 2 January 2011 The Democratic Republic of Congo (DRC) has lost its status as a beneficiary country under the African Growth and Opportunity Act (AGOA), effective 1 January 2011.
Biofuels can play important role in boosting economic growth Published by Nermin Musovic on 31 December 2010 Biofuels production has the potential to boost economic growth in Africa, according to Giovanni Venturini, a partner at Agroils Srl