Daily Archives: March 16, 2017

Tony Elumelu Starts UBA Tour of Africa in Ghana

As part of the UBA Tour of Africa, Tony Elumelu – the Group Chairman UBA Plc, and Founder of the Tony Elumelu Foundation, visited Ghana and spoke to hundreds of Ghanaian youths, academics and entrepreneurs at the University of Ghana. His tour is also to strengthen his vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa. During his talk, he highlighted on the importance of preparedness and what makes a successful entrepreneur. “The first is dedication, then vison, focus, ambition, and our ability to do things when we want to do them. We must always remain laser focused and aim to execute to perfection,” Elumelu said. read more

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Dubai-Africa Partnership for Better Health Roadshow 2017

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Teraco raises R1.2 billion in debt funding for further investment into South African data centres

South Africa, Teraco, Africa’s largest carrier & cloud neutral colocation data centre and home to NAPAfrica, Africa’s largest Internet exchange point (IXP), today announced that it has raised a medium term funding facility from Absa amounting to R1.2 billion. read more

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Africa’s oil and gas industry set to meet at the 16th Africa Independents Forum in May

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Tanzania: Report by Exotix and IMF reassures brighter economic outlook

Report from UK-based Exotix Partners in collaboration with the Kenya-based Equity Investment Bank have it that Tanzania has a bright economic outlook – adding up to IMF economic forecast for Tanzania. The report highlights that the current anti-corruption and anti-tax evasion drive by the President, HE John Magufuli, might look disruptive in the short term but will do the country a greater favour in the long term. The report said “this reformist agenda has proved painful but should these policy actions be sustained they could act as a long-term positive catalyst for the efficiency of Tanzania’s public sector institutions.” read more

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South Africa to strengthen investment relation with Ghana and Nigeria.

South Africa will be strengthening its investment relation with Ghana and Nigeria as the country’s department of trade and industry recognizes Ghana and Nigeria as strategic partners within the West Africa region. In this regards, the dti will send a business delegation on a Trade and Investment Mission to Accra, Ghana and Lagos, Nigeria from 20-25 March 2017 with the objective to identify and create export markets for South African value-added products and services while creating business partnerships between business communities of the respective countries. Sectors to be focused on by the mission includes Agro- Processing; Electro-technical; Infrastructure, Mining and Capital Equipment. read more

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