New BMW X1 expected to exceed sales targets in East Africa Published by Dinfin Mulupi on 5 May 2010 Kenya’s exclusive BMW distributor, Bavaria Auto, yesterday launched the new 2010 BMW X1 sports utility vehicle series in the capital Nairobi.
Gulf African Bank to expand to Tanzania and Uganda Published by Dinfin Mulupi on 5 May 2010 Gulf African Bank (GAB) has announced it is planning to enter Tanzania and Uganda by the end of the year. The plans follow the Islamic bank’s successful launch and growth in the Kenyan market.
Which countries have the most potential for sugar cane growing and processing? Published by Staff Writer on 4 May 2010 Question: Which countries in Africa have the best potential for sugar cane growing and processing?
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.
Vodacom’s DRC investment turns sour Published by Jaco Maritz on 3 May 2010 South Africa-based Vodacom’s experience in the Democratic Republic of Congo recently took a turn for the worse due to a fall-out between the company and its local partner.
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.
