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.
Southern Sudan referendum credible, says observers Published by Staff Writer on 17 January 2011 European observers said southern Sudan’s independence referendum was credible and well-organised, Reuters reported.
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.”
Will East Africa adopt a single currency? Published by Claude Harding on 17 January 2011 East African Community states will today start discussions on the establishment of a monetary union and the adoption of a single currency throughout the region.
Nigeria: bailed out banks fail to hold AGMs Published by Staff Writer on 17 January 2011 Eight of Nigeria’s nine banks that received bailout money have failed to hold their annual general meeting (AGM) – one of the financial system statutory requirements for financial institutions – eighteen months after N620 billion was injected.
Wal-Mart applies to operate in Zambia Published by Staff Writer on 17 January 2011 US-based retailer Wal-Mart Stores has applied to Zambia’s Competition and Consumer Protection Commission to buy Massmart Holdings’s operation in the southern African country, Bloomberg reported.
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.
Should South Africa be a BRIC country? Published by Claude Harding on 15 January 2011 Jim O’Neill, chairman of Goldman Sachs Asset Management, says it is not entirely obvious to him why the other BRIC nations should have agreed to the inclusion of South Africa in the grouping.
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.
Nigeria: Goodluck Jonathan wins PDP’s presidential primaries Published by Staff Writer on 14 January 2011 Nigerian President Goodluck Jonathan early this morning defeated his closest rival and former vice president Atiku Abubakar to emerge as the Peoples Democratic Party (PDP) presidential candidate for the April elections.
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.
