Bright spots in South African economy despite growth slowdown Published by Arthur Kamp on 25 August 2010 South Africa experienced a material slowdown in growth to 3.2% in the second quarter from 4.6% in the first quarter. Gross domestic product (GDP) excluding agriculture advanced just 2.7%.
Shoprite’s African expansion hit by lack of investment in property Published by Jaco Maritz on 24 August 2010 South Africa-based retailer Shoprite Holdings’ expansion into the rest of Africa was over the past year hampered by a lack of investment in retail space.
Chinese firm in talks to build high-speed rail project in South Africa Published by Staff Writer on 24 August 2010 China Railway Group is in talks with South Africa’s government to build a US$30 billion high-speed rail project.
ICT entrepreneur looking to conquer Africa Published by Dinfin Mulupi on 23 August 2010 At 35, Ken Njoroge is running one of the most respected mid-sized companies in Kenya.
HSBC close to a deal for controlling stake in South African bank Published by Staff Writer on 23 August 2010 HSBC is set to win the auction for a controlling stake in Nedbank, South Africa’s fourth-largest lender.
Lower interconnection fees to impact Kenya’s mobile market Published by Imara Africa Securities team on 20 August 2010 The Communications Commission of Kenya (CCK) has cut mobile interconnection fees by 50% to encourage telecommunications companies to lower the cost of calls.
Far more to Ethiopia than meets the eye Published by Imara Africa Securities team on 19 August 2010 According to the chief economist and vice president of the AfDB, Mthuli Ncube, “now is the right time for Ethiopia to invest in the necessary infrastructure that will enable it to introduce a stock market”.
Southern Sun takes over operations of Nairobi hotel Published by Dinfin Mulupi on 19 August 2010 African hotel group, Southern Sun, has taken over operations of the Holiday Inn Nairobi, re-launching the city hotel as the Southern Sun Mayfair Nairobi.
South African firms constructing new Maputo hotel Published by Staff Writer on 19 August 2010 South African engineering and construction group Stefanutti Stocks is currently constructing a five star Radisson Hotel on Beach Road in Maputo, Mozambique.
Brewers competing for a share of Angola’s beer market Published by Anthony Lopes Pinto and Estefania Jover on 18 August 2010 Angola has the third largest domestic market for alcoholic beverages in sub-Saharan Africa after South Africa and Nigeria, yet despite this it still has significant growth potential.
Analysis of bids for four Nigerian banks finalised Published by Staff Writer on 18 August 2010 Advisors have finished analysing bids received for four of Nigeria’s troubled banks. Analysis of bids for the five remaining banks is expected to be concluded by the end of the month.
Gabon attracts investment from Asian firms Published by Staff Writer on 17 August 2010 Gabon has signed four major agreements with multinational companies from India and Singapore.
Kenya Airways launches Angola route Published by Dinfin Mulupi on 17 August 2010 Kenya’s national carrier, Kenya Airways (KQ), has launched flights to Luanda, Angola.
Zim economy may be much bigger than thought Published by Claude Harding on 16 August 2010 Just how big is the Zimbabwe economy and how upbeat should one be about growth prospects?
