Category Archives: African News

African Business News

Tax Inspectors Without Borders announces new South-South partnership between Kenya and Botswana

Tax officials from Kenya and Botswana have agreed to a landmark tax assistance project that marks the first South-South cooperation pact under the Tax Inspectors Without Borders programme.

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Development Impact Bonds: An Opportunity For Private Investors In Africa?

africa-development-impact-bonds

Africa is a land that provides much opportunity for growth and development in poverty elimination, education and empowerment of the masses. The recent ratification of the Sustainable Development Goals (SDGs) brings much focus on investments required for African developmental targets. According to the African Infrastructure Country Diagnostic estimation, Africa is in need of at least $93 billion per year to achieve its developmental goals. So how is Africa to go about obtaining this level of funding?

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Zambian government to surrender crude oil procurement to private sector

Zambia's finance minister Felix Mutati before he presented the 2017 national budget. Picture credit: Lusaka Times.

Zambia’s finance minister Felix Mutati before he presented the 2017
national budget. Picture credit: Lusaka Times.

By HUMPHREY NKONDE

The Zambian government will surrender procurement of finished petroleum products to the private sector starting in March next year.

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High taxes hit Zambians in new Budget

As Zambia’s copper revenues dwindle government has now unleashed more taxes to make up on the cash deficit.

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Nigerian and Angola economies suffer as oil prices fall

By HUMPHREY NKONDE

Nigeria and Angola, Africa’s oil producers, are facing economic difficulties mainly due to depressed prices of the liquid commodity on the international market.

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Big recognition for small business at the 2016 South African Small Business Awards

nsbc-small-business-awards-category-speical-award-winners

The accomplishments of the small business community in South Africa was in the spotlight as winners of the 2016 South African Small Business Awards were announced on 10 November at Montecasino in Fourways, Johannesburg.

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East Africa: Pharmaceutical Sector To Experience Growth Upon Foreign Investment

There is a significantly large growth opportunity and the region’s manufacturers are able to meet but only 30% of the demand in the pharmaceutical industry leaving the remaining 70% for imports.  Raising of capital to improve product quality has been the limiting factor for most of these local producers.

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SWIFT’s messaging traffic grows by 15.8% in West Africa

Figures released at the SWIFT Business Forum West Africa show that the region has outperformed the total growth of SWIFT globally

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UK Trade Mission visit in Guinea

A UK trade delegation visited Guinea from October 31 to November 3, 2016 to meet with local mining companies. The objective of this mission was to meet with mining stakeholders in Guinea to find business and partnerships opportunities. The delegation included representatives of some companies such as Concrete Canvas, PW Mining International Limited, SRK Consulting, Joy Global, MonuRent and the UK International Trade Department.

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Huge Prospect For South Africa’s Agricultural and Automotive Export Sector

dti_logo

Globalization is aiding trade and exchange of goods and services among countries. Progressively, the world is gradually accepting interdependency among nations and regions. In view, trade associations and organizations develop prominent procedures and platform to enhance the trade of goods among countries while ensuring to some degree a level of equity for all trade zones.

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The International Islamic Banking Summit Africa Djibouti 2016 opened today with more than 250 Islamic finance leaders seeking to harness the driving forces for the successful development of Islamic finance in Africa

 H.E. Ismaïl Omar Guelleh, President of the Republic of Djibouti and Head of Government

H.E. Ismaïl Omar Guelleh, President of the Republic of Djibouti and Head of Government

The Islamic finance industry offers a number of key value propositions to markets in Africa as government agencies, international Islamic financial institutions, as well as emerging local players and central banks seek to tap into the opportunities that will drive vital economic development priorities on the continent

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SA delegation discovers central African port development opportunities

Research and consulting specialists Africa House led a high-level business delegation to central African port cities this month, to explore business opportunities in new port developments in Cameroon and neighbouring Republic of Congo.

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Mauritian-South African banking collaboration key to growing intra-African trade finance volumes

Growing ties between South Africa and Mauritius could fuel trade and investment growth on the African continent with financial institutions leading the way through increased availability of trade finance.

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Pro-Western Leadership is Transforming Ras Al Khaimah

One of the most important things for business in Africa is finding a base of operations which offer low operating costs, ease of links to their home country, and importantly and investor friendly environment.  One location which ticks all three boxes is the Ras Al Khaimah.  This is largely due to the work of the emirate’s pro-western leadership which has worked tirelessly to the transform the city-state.

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The BRVM becomes the 1st Stock Market for Islamic Finance in Africa with Five Sukuk Listings amounting to 766 Billion FCFA (1.3 Billion USD)

The Regional Stock Exchange (BRVM)

The Regional Stock Exchange (BRVM)

The Regional Stock Exchange (BRVM) admitted in its listing the first five Sukuks issued by Côte d’Ivoire, Senegal and Togo, on the sidelines of the 2nd Forum on Islamic Finance in Africa held in Abidjan

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Key Tourism Ingredient For Tourism Growth Revealed at #AHIF16

 – download Colliers International report now: http://ow.ly/781x305fntC

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FAO urges Africa to immediately implement the Port State Measures Agreement

The Food and Agriculture Organization of the United Nations (FAO) is urging African governments to sign on to the Port State Measures Agreement (PSMA) and to consider taking immediate action to implement the treaty.

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