Zimbabwe to nationalise diamond mines Published by Staff Writer on 17 February 2011 Reuters reports that Zimbabwe will proceed with plans to take controlling stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from nationalisation.
Nigeria: Telecoms sector overtakes banking, manufacturing Published by Staff Writer on 17 February 2011 The telecommunications sector’s contribution to Nigeria’s gross domestic product in 2011, is expected to exceed the combined contributions of the banking, manufacturing, insurance and solid minerals sectors.
Africa’s mining sector viewed as attractive investment proposition, despite problems Published by Imara Africa Securities team on 17 February 2011 Africa’s mining potential is unfolding as a number of economies are becoming more important in terms of global mineral production.
Rwanda expects investments of more than $600 million in 2011 Published by Staff Writer on 16 February 2011 As Rwandan policy makers are considering the East as an important source of investment that is needed to actualise the country’s transformation agenda, investment inflows are expected to exceed US$600 million this year.
Tiger Brands’ hunger for Africa cannot be satisfied Published by Claude Harding on 16 February 2011 South African fast-moving consumer goods company, Tiger Brands, has over the past few months made a number of acquisitions in the rest of the continent.
Tiger Brands makes another acquisition in order to grow African footprint Published by Staff Writer on 15 February 2011 South African consumer goods company Tiger Brands has announced that it would buy beverage manufacturer Davita Trading to boost its presence in Africa.
Why black professionals are shunning Cape Town for Jo’burg Published by Jaco Maritz on 15 February 2011 Many black professionals perceive Cape Town as an unwelcoming city that’s not open to black talent, says Guy Lundy, futurist and CEO of Accelerate Cape Town.
Property group buys Cape Town’s V&A Waterfront Published by Staff Writer on 15 February 2011 Growthpoint Properties Limited together with the Public Investment Corporation Limited (PIC) representing the Government Employees Pension Fund announced today that they have entered into an agreement to acquire, in equal proportions, South Africa’s iconic V&A Waterfront.
With improved governance, Nigeria may yet be a Bric hopeful Published by Dianna Games on 15 February 2011 The Nigerian presidential race is effectively done and dusted — even though the poll is scheduled for April.
South African farmers ready to venture into the Congo Published by Jaco Maritz on 14 February 2011 A group of South African farmers are preparing to go up to the Republic of the Congo and start with commercial agriculture in the central African state.
Wal-Mart’s acquisition of Massmart one step closer to completion Published by Staff Writer on 14 February 2011 Wal-Mart’s proposed acquisition of Pan-African retailer Massmart received a nod from South Africa’s Competition Commission.
New bank loans for M-Pesa agents Published by Staff Writer on 13 February 2011 M-Pesa agents in Kenya can now acquire unsecured bank loans, to expand their businesses, from KCB following a partnership agreement between the bank and mobile operator Safaricom.
International airlines eyeing Zimbabwe route Published by Staff Writer on 13 February 2011 Nine international airlines have proposed to fly into Zimbabwe this year.
Multinationals need to develop solutions that are relevant for Africans Published by Claude Harding on 13 February 2011 Multinationals looking to operate in Africa cannot simply duplicate what they are doing elsewhere in the world and need to offer the continent relevant products and services.
