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Positive impact on credit industries in Africa: Namibian consumers soon to have greater chances of improving their credit records

by Africa Business on Feb 26, 2016



Compuscan Credit Reference Bureau Namibia – headquartered in Stellenbosch, South Africa – has officially announced that its credit bureau licence has been approved by the Bank of Namibia, the country’s central bank. The issuing of this licence, during the first quarter of 2016, will ultimately result in positive growth for the country’s credit industry, and …Read More

Growing German interest in Zambian agri sector

by Africa Business on Feb 26, 2016



German pavilion at Agritech Expo almost doubles this year “Made in Germany” will make a big impression at the annual Agritech Expo in Chisamba in April when 14 German providers of agri machinery and livestock equipment will be part of the German pavilion – this is almost double compared to last year. Martin Botzian, Head …Read More

Revelations on Bolloré group’s investment in plantations in Africa

Revelations on Bolloré group’s investment in plantations in Africa

by Africa Business on Feb 25, 2016



Africa’s forests under threat A new Greenpeace France investigations on Socfin, a company owned 38.75% by Bolloré group, has revealed the impact of the company’s plantations on forests, communities and wildlife in Africa; The report ‘Africa’s forests under threat’, shows that Socfin’s expansion plans in a dozen countries, mostly in Africa, are threatening forests that are …Read More

Dubai’s DEAL 2016 show could propel Africa’s theme park and amusement industry

Dubai’s DEAL 2016 show could propel Africa’s theme park and amusement industry

by Africa Business on Feb 24, 2016



African stakeholders to witness the top and latest trends in theme parks and family entertainment centres Africa’s amusement, entertainment and retail industry is set to benefit by participating in Dubai’s DEAL 2016 (Dubai Entertainment Amusement and Leisure) show (DEALmiddleeastshow.com). DEAL is the largest amusement and entertainment exhibition in the Middle East and Africa region and …Read More

African deal making reaches turning point – major obstacles remain

African deal making reaches turning point – major obstacles remain

by Africa Business on Feb 24, 2016



290 deals recorded in 2015 – the highest volume since 2007 After several years of steadily increasing M&A activity, African deal making has made the final step to firmly entrench itself into the global marketplace. Despite political turmoil in many countries, a prolonged downturn in the commodities cycle and related currency risk, Africa’s top economies …Read More

Public prosecutor responsible for investigations into Dr Alvaro Sobrinho arrested in Lisbon

by Africa Business on Feb 23, 2016



Mr. Orlando Figueira, Portugal’s Public Prosecutor, was arrested this morning by the National Unit for Combating Corruption of the Judicial Police in Lisbon, Portugal. Mr Figueira, formerly a respected attorney and magistrate in the Central Department of Investigation and Penal Action (DCIAP), had led a number of high-profile cases specifically focused on well known Angolan individuals, …Read More

Mbeki, High Level Panel on Illicit Flows from Africa Conclude Successful US Visit Mobilizing Support

by Africa Business on Feb 23, 2016



Panel Member and GFI President Raymond Baker Commends Mbeki’s Leadership and Group’s Forward Progress WASHINGTON, DC—Former President of South Africa Thabo Mbeki and members of the United Nations Economic Commission for Africa (UNECA) High Level Panel on Illicit Financial Flows from Africa (HLP) concluded their latest visit to the United States today. Chaired by Mr. …Read More

Elitecore  Showcasing Monetizing capabilities for all IP Networks at MWC 2016

Elitecore Showcasing Monetizing capabilities for all IP Networks at MWC 2016

by Africa Business on Feb 23, 2016



MWC , Barcelona, Spain: Feb 23, 2016 Elitecore Technologies, a global  provider of  Next-generation BSS, Packet Core and Carrier Wi-Fi solution, announces to showcase its Monetization capabilities for all IP Networks – 4G/LTE, Wi–Fi and Fixed Broadband at the Mobile World Congress 2016 in Barcelona. Elitecore will showcase its pre-integrated and modular Telecom solution with …Read More

International Referral institute launches first franchise in South Africa

International Referral institute launches first franchise in South Africa

by Africa Business on Feb 23, 2016



The Referral Institute, founded in California in 2001 by Dr Ivan Misner has just launched its first franchise in South Africa and the aim is to roll out additional franchises nationwide in the near future. Dr Ivan Misner is also the founder of the world’s largest networking organisation, Business Network International (BNI), which has 107 …Read More

Ugandan farmers call on United Nations to sever ties with Bidco Africa

by Africa Business on Feb 22, 2016



The Bugala Farmers Association has called on the United Nations Development Programme (UNDP) to sever its ties with Bidco Africa, a Kenya-based edible oil producer accused of land-grabbing, human rights violations and environmental disasters in Uganda, Kenya and Tanzania. Over 100 farmers lost their land to Bidco when, in partnership with the local government, the …Read More

Centurion Mentorship Program Offers Support for African Start-ups

by Africa Business on Feb 22, 2016



Pro Bono initiative will extend free legal services to start-up companies and small and medium-sized enterprises. The program will support young entrepreneurs with legal and business advice. Centurion will pilot the program in Cameroon and expand it to other African countries. Centurion Law Group is continuing its commitment to training and development with the introduction …Read More

100 mw power generation plant in Mozambique goes into operation with Rolls-Royce gas engines

100 mw power generation plant in Mozambique goes into operation with Rolls-Royce gas engines

by Africa Business on Feb 19, 2016



In Ressano Garcia, a new power generation plant designed to provide electrical power supply for Mozambique’s rapidly expanding economy, officially went into operation today. Core equipment includes thirteen 20-cylinder gas-based Rolls-Royce engines, which have the capacity to generate a total of 120 MW. The medium speed engines are of type B35:40V20AG2, supplied by Bergen Engines, …Read More

Visa Holds Fraud Prevention Workshop in West Africa for the First Time

by Africa Business on Feb 19, 2016



Visa Inc. (V) (Visa.com), a global payments technology company, organized its first ever fraud prevention workshop dedicated to its West Africa-based clients and partners. Held in Dakar, the three-day workshop provided an in-depth look at the latest tools, information, and best practices for issuers and acquirers to effectively combat fraud. Workshop attendance was high, with …Read More

Are we clear on nuclear for South Africa?

by Africa Business on Feb 19, 2016



“Koeberg is a cash cow for Eskom” President Jacob Zuma’s remarks during last week’s SONA on the country’s nuclear future might seem contradictory, but this is not the case, says Dr. Anthonie Cilliers of North West University’s School of Mechanical & Nuclear Engineering. President Zuma said South Africa’s nuclear build programme would roll out at …Read More

Innovative Finance Solutions could provide affordable rural development opportunities for future East African Infrastructure projects

Innovative Finance Solutions could provide affordable rural development opportunities for future East African Infrastructure projects

by Africa Business on Feb 18, 2016



African governments, including Kenya, may soon be able to award critical infrastructure contracts to the best technical bidder, making them less reliant on tied, aid-funded contracts and better able to incorporate a higher proportion of local content in the project, delegates attending a major infrastructure conference in Nairobi this week will be told. The positive …Read More

Cement and clinker FOB and CFR prices continue to drop in Persian Gulf – Arabian Sea and East Africa

by Africa Business on Feb 18, 2016



On a monthly basis, cement and clinker FOB and CFR prices continue to drop, according to the CW Research’s February update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment. “By this point, after many months when prices have not shown any encouraging signs, traders seem resigned to the situation, …Read More

South African investment innovation rewarded in Europe

South African investment innovation rewarded in Europe

by Africa Business on Feb 18, 2016



Investec Bank’s Structured Products division has scooped the coveted Best Distributor in Africa award at the 2016 Europe Structured Products & Derivatives conference held in London on Thursday. The accolade marks the rise of alternative investments as South African investors seek innovative means of gaining offshore exposure, while maintaining a healthy risk-reward ratio. Speaking on …Read More

Zambian copper mining industry to receive boost from Copperbelt Trade Expo in 2016

by Africa Business on Feb 18, 2016



The current challenges facing Zambia’s copper mining industry brought about by a global downturn and declining commodity prices are further fuelled with general increases in operating costs.  Escalating input costs, labour and various taxation measures, together with the rising energy deficit have taken their toll. The Zambian mining industry is collaborating to find a long-term …Read More

Zambia in a good position to take full advantage of its agricultural assets in the future

by Africa Business on Feb 18, 2016



Agritech Expo expected to gather 15000+ in Chisamba this year “It is an over-worn cliché to say that Zambia will one day become the ‘bread basket’ of the region but there is no doubt that, despite of current challenges, the future of Zambia’s farmers, both small and large scale, as suppliers of food products to …Read More

Discover Mauritius savoir faire

Discover Mauritius savoir faire

by Africa Business on Feb 17, 2016



14 – 15 March 2016, DURBAN 17 – 18 March 2016, SANDTON, JOHANNESBURG South African buyers and importers will have an opportunity to discover the world’s most up-and-coming textile and apparel sourcing destination next month, when a high-profile trade mission from the Mauritian textile, apparel, accessories, jewellery and agricultural products sectors travels to Johannesburg and …Read More

The Forum on Developing the Central African Financial Market (FODEMAF) will be held in Equatorial Guinea on 24- 25 February 2016

by Africa Business on Feb 17, 2016



The Forum on Developing the Central African Financial Market (FODEMAF) will be held in Equatorial Guinea on 24- 25 February 2016. A key purpose of the Forum on Developing the Central African Financial Market (FODEMAF) is to share the results of the study on the potential of the regional financial market conducted by the firm …Read More

Banks facing huge losses from to their exposure to troubled oil and gas companies

by Africa Business on Feb 17, 2016



The business newspapers and magazines have published both good news and bad news about oil and gas industry. According to an article that was published on 4th January, 2016, Woodside Energy discovered deep-water gas in the Rakhine basin early January this year. Many companies have shown interest in partnering with Woodside Energy Company. The extraction …Read More

The World Opening Itself for Travel more than it has before

The World Opening Itself for Travel more than it has before

by Eden Sahle on Feb 14, 2016



People around the world kept traveling more despite challenging conditions of political, social and economic factors. Although political unrest and epidemics has impacted some popular tourist destinations, including Thailand, Kenya, West Africa and some Middle East countries, the overall number of outbound trips has been increasing. Demand was strong, with mixed results across countries due …Read More

The Stunning Landscape of Sheka Forest

The Stunning Landscape of Sheka Forest

by Eden Sahle on Feb 13, 2016



Listed among UNESCO’s registered biosphere reserves, the unique landscape of Sheka Forest covers 238,750 hectares of forest. This southwest highland forest portrays spectacular natural phenomena being the only remaining tropical forest in Ethiopia. Jovago.com Africa’s leading online hotel booking company visited the place highlighting magnificent features of this refreshing destination. The experiences taken from this …Read More

Cozy Places for your Valentine

Cozy Places for your Valentine

by Eden Sahle on Feb 13, 2016



On this Valentine’s Day, escape all distractions and indulge in a romantic getaway at a luxury hotel and resorts in Ethiopia. Whether you choose to say “I love you” overlooking global heritages or “propose” in the country of great adventure, Jovago Africa’s foremost online hotel booking company list out destinations that will have couples falling …Read More

Engineering sector corruption hampering programmes to reduce poverty in developing world

by Wallace Mawire on Feb 12, 2016



Massive corruption in the construction and engineering sector in the developing world especially in Africa is sabotaging policies and programmes that aim to reduce poverty, according to a  presentation by Zimbabwe’s Engineer Martin Manuhwa, Vice-President of the World Federation of Engineering Organisations (WFEO) Anti-Corruption chairperson and Chairperson of the Engineering Council of Zimbabwe (ECZ) at …Read More

Over 120 Companies from 31 Countries to Gather at Project East Africa Summit

by Africa Business on Feb 12, 2016



The demand for places at the Project East Africa Summit continues with more than 120 companies from across 31 countries now booked to engage with the host of projects and commercial opportunities that Kenya and the wider region has to offer. Project East Africa is hosted by the Ministry of Transport & Infrastructure and co-hosted …Read More

Equatorial Guinea Awards EPC Contract for New Petrochemicals Complex

by Africa Business on Feb 10, 2016



Riaba Fertilizers Limited has awarded the EPC contract for a new petrochemicals complex to a Chinese consortium led by East China Engineering Science and Technology Co. Ltd (ECEC) – Riaba Fertilizers Ltd. awards EPC contract for Riaba petrochemicals complex to Chinese consortium ECEC. – Pre-FEED has been completed, ground-breaking ceremony expected by late March. Complex …Read More

Final day of International Forum on Islamic Finance (IFIF) focuses on innovation & technology as enablers for financial inclusion in Africa

Final day of International Forum on Islamic Finance (IFIF) focuses on innovation & technology as enablers for financial inclusion in Africa

by Africa Business on Feb 10, 2016



Eminent leaders from EY, PwC, UNDP, Bank of Khartoum lead discussions on African emerging Islamic finance markets, microfinance and FinTech Khartoum, Sudan, 10 February 2016: The second day of Africa’s landmark event, International Forum on Islamic Finance (IFIF), built on the successes of yesterday which included powerful discussions on inclusive Islamic finance, the impact of …Read More

3rd Annual mPAD and the Nigeria Manufacturing Expo

3rd Annual mPAD and the Nigeria Manufacturing Expo

by Africa Business on Feb 10, 2016



15 – 17 March 2016, Landmark Centre, Lagos, Nigeria Official Annual Exhibition Run Under the Patronage of MAN and Endorsed by the FMITI Nigerian Manufacturing Expo 2016 is where Nigerian manufacturers come to evaluate and purchase machine tools, manufacturing machinery and automation technology. The 3rd Annual mPAD and the co-located Nigeria Manufacturing Expo is an …Read More

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