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MTN notes reports out of Nigeria

by Africa Business on Mar 30, 2016



Johannesburg – MTN Group has noted reports out of Nigeria about the fine imposed on MTN Nigeria by the Nigerian Communications Commission (NCC). MTN has previously advised shareholders not to make decisions based on press reports and MTN again urges its shareholders to refrain from doing so. MTN continues to engage with Nigerian authorities in …Read More

Exclusive interview with the Zambian Minister of Agriculture and Livestock, the Honourable Given Lubinda

Exclusive interview with the Zambian Minister of Agriculture and Livestock, the Honourable Given Lubinda

by Annemarie Roodbol on Mar 24, 2016



The Honourable minister is expected to be at the upcoming Agritech Expo in Chisamba from 14-16 April again. Honourable minister, thank you for this opportunity, you said in an interview recently that the government wants to transform agriculture in Zambia. Can you share your vision with us? Agriculture is the future of Zambia. We have …Read More

The Africa Tax Symposium

The Africa Tax Symposium

by Africa Business on Mar 24, 2016



Entebbe, Uganda, 4-6 May 2016 The Africa Tax Symposium (apo.af/qagRP4) is an annual authoritative event, drawing together tax professionals from all over the continent. The aim of the Symposium is to analyse the most pertinent international tax issues of the day and to place them within the African context. This is reflected in the signature …Read More

Ringier Africa Deals Group Acquires Nigerian Online Shopping Platform DealDey

by Africa Business on Mar 23, 2016



Ringier Africa Deals Group, a newly-founded joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings (Pty) Ltd, today announces it has acquired one of Nigeria’s biggest online shopping platforms, DealDey. The acquisition represents an expansion of Ringier Africa’s portfolio beyond publishing and digital marketing in Nigeria and Silvertree’s first e-commerce investment …Read More

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with China-Africa Development Fund to boost investment and growth in selected African countries

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with China-Africa Development Fund to boost investment and growth in selected African countries

by Africa Business on Mar 22, 2016



At the side lines of the landmark China-OIC Forum 2016 in Beijing, a memorandum of understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD) (ICD-ps.org), the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund (CADFund), a Beijing-based private equity firm focusing on Africa. …Read More

PumpMakers Launches Platform for DIY Solar Pumps in Africa

PumpMakers Launches Platform for DIY Solar Pumps in Africa

by Africa Business on Mar 21, 2016



In an attempt to help reduce the global water shortage, strengthen the local economy, create jobs and prevent migration from rural areas, PumpMakers GmbH have successfully installed ‘do-it-yourself’ (DIY) solar pumps in Africa and Europe. Operational since 2012, these DIY pumps are the creation of Austrian well builder Dietmar Stuck, who has been active in …Read More

March showcases fall in cement FOB prices in Med Basin

by Africa Business on Mar 21, 2016



Prices continue to trend negatively for cement, according to the CW Research’s March update to Mediterranean Basin cement and clinker prompt delivery cargo price assessment. On a monthly basis, FOB prices for ordinary Portland cement bulk contracted again in March, dropping almost 2 percent MoM in Mediterranean Basin. On the other hand, FOB prices for …Read More

March Persian Gulf-Arabian Sea cement and clinker prices fall, East Africa CFR prices recover

by Africa Business on Mar 21, 2016



On a monthly basis, cement and clinker FOB prices continue to drop, according to the CW Research’s March update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment. In March 2016, Persian Gulf-Arabian Sea cement FOB prices contracted 1.1 percent, compared to the previous month, while clinker FOB prices for …Read More

E-Commerce Posts Amazing Growth in Africa and the Middle East

by Africa Business on Mar 21, 2016



Over the years, consumer habits in Africa and the Middle East have undergone a rapid transformation with online shopping or e-commerce gaining momentum in recent times. This fact was highlighted on March 15, 2016 during the celebration of the World Consumer Rights Day. In terms of numbers, in 2013, the number of online shoppers in …Read More

Nigeria’s S&T Media Secures $1m Seed Round

by Africa Business on Mar 21, 2016



S&T Media Confirms Exclusive Distribution Deals with Total and Spar in Nigeria Lagos, Nigeria. Thursday 17 March 2016. Nigeria-based S&T Media has closed on seed financing from early-stage technology venture capital firm, EchoVC Partners, who have committed up to $1m for the company. The official announcement comes in the same week as the company has secured …Read More

Kawree, A New International Platform for African Designers

by Africa Business on Mar 21, 2016



Designers and creators from Africa can now vie for international attention. This is thanks to a new online platform, Kawree.com that offers visibility and opportunities of development to designers and creators from Africa. The online platform promises to deliver and consolidate a stronger African offering in terms of beauty, fashion and design objects. According to …Read More

Progresses that are making Ethiopia competitive globally

by Eden Sahle on Mar 20, 2016



Over the past decade, Ethiopia’s public-sector led development strategy with its focus on heavy investment in infrastructure has underpinned the country’s strong economic growth. This high rate of growth has been registered in different economic sectors. Growth has been inclusive and widespread and a large number of new jobs have been created in both the …Read More

South Africa: Tax free investment accounts should be a key consideration for investors in market uncertainty

by Africa Business on Mar 16, 2016



With market uncertainty and high volatility, investors in South Africa should consider the long-term benefits and significant cost-savings associated with tax-free investment accounts. Mark Humphreys, Business Manager at Standard Online Share Trading, says the distinction between tax-free savings and investment accounts is generally not well understood. This means investors could be missing out on an …Read More

More in store for African retail & consumer businesses – prospects remain positive: PwC report

by Africa Business on Mar 16, 2016



PwC’s inaugural publication entitled ‘So much in store’ is an in-depth study into the make-up of Sub-Saharan Africa’s retail and consumer goods industries Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and …Read More

Innotribe opens doors for East African fintech startups

Innotribe opens doors for East African fintech startups

by Africa Business on Mar 16, 2016



East African fintech startups once again have the opportunity to take their business to the next level through the Innotribe Startup Challenge for Africa. SWIFT expects even greater innovation and a shift away from mobile technology at the 2016 Innotribe Startup Challenge for Africa. The Challenge, now open for applications, will take place at SWIFT’s …Read More

GHANA- Why OIL PALM?

GHANA- Why OIL PALM?

by ABABIO KWAME on Mar 16, 2016



The OIL PALM: The oil palm tree is a tropical perennial crop with excellent benefits. Per hectare, it is the most productive oil crop in the world, being 10 times more productive than soybean and other oil bearing seeds. Of the 17 major vegetable oils traded on the international market, palm oil is the most …Read More

Tourism Towards 2030 substantial potential for further growth

by Eden Sahle on Mar 16, 2016



UNWTO’s long-term outlook and an assessment of the development of tourism over the two decades from 2010 to 2030 reveals the number of international tourist arrivals worldwide is expected to increase by an average of 3.3% a year. The growth forecast is due to social, political, economic, environmental and technological factors that have shaped tourism …Read More

The Geographical Institute of Congo calls on IGN FI’s expertise to develop the use of geographical information in DR Congo

by Africa Business on Mar 11, 2016



Christophe DEKEYNE, the Executive Director of IGN FI visited Kinshasa on March 10th to sign a framework agreement aimed at supporting the Democratic Republic of the Congo in the various uses it can make of geographical information and in the deployment of its Geographical Institute, the IGC. The ceremony took place at the Salon Bleu …Read More

Annual Investment Meeting (AIM) to highlight challenges facing energy sector from 11 – 13 April in Dubai

Annual Investment Meeting (AIM) to highlight challenges facing energy sector from 11 – 13 April in Dubai

by Africa Business on Mar 11, 2016



HE Al Mansoori: “New and Renewable Energy initiatives are essential for attracting foreign capital to UAE” – Target is to make FDI 5% of GDP in next 5 years – Proposed FDI law will provide incentives for investors, says HE Al Mansoori – AIM provides unique platform to promote investment in various sectors. Dawood Al …Read More

Sport tourism contributes R8.8bn to Western Cape GDP

by Africa Business on Mar 11, 2016



Ricardo Mackenzie MPP DA Western Cape Spokesperson on cultural Affairs and Sport Chairperson of the Standing Committee on Cultural Affairs and Sport in the Western Cape Provincial Parliament Research conducted by the Bureau of Economic Research indicates that sport has contributed in excess of R8,8 billion to the GDP of the Western Cape, between 2012 …Read More

Workshop: Learn How to Market your Consulting Practice (Professional & Consulting Services) in Tough Times

by Africa Business on Mar 11, 2016



Johannesburg, March 10 – International Speaker and Reputation Management Consultant Deon Binneman today announced that he will facilitate a workshop on How to Market your Consulting Practice (Professional & Consulting Services) in Tough Times on the 18th March 18 at the Hotel Apollo, 158 Bram Fischer Drive, Randburg . With the South African economy predicted …Read More

Should Africans Start Buying Gold?

by Africa Business on Mar 10, 2016



Gold has been a great blessing for Africa in the last decade. The recent ‘gold rush’, spurred from the rally in the gold price from below $700 per ounce to an all time high of over $1,900 per ounce, has had a very positive socio-economic impact on Africa’s ‘gold nations’. South Africa, Ghana, Tanzania and …Read More

Winjit Technologies Outshines at the ‘Enterprise Mobility Africa’ Convention 2016

Winjit Technologies Outshines at the ‘Enterprise Mobility Africa’ Convention 2016

by Africa Business on Mar 9, 2016



-         Showcases Enterprise Mobility Solutions -         Leads Way for the Industry 4.0 Revolution with IOT Capabilities March 9th, 2016: Johannesburg, South Africa & Nashik, India: Winjit, a technology  solutions provider with more than 10 years of experience in enabling technology led solutions for organizations across the globe met with an exemplary response at the recently …Read More

Aviation Africa moves to Kigali, Rwanda for 2017

by Africa Business on Mar 7, 2016



Officially supported by Ministry of Infrastructure, Rwanda Civil Aviation Authority and RwandAir AVIATION AFRICA 2017 will be the 2nd event in the Aviation Africa series, the first having been held in May 2015 in Dubai and attended by over 400 delegates, featuring 40 exhibitors and 12 sponsors. AVIATION AFRICA 2017 will take place on 22 & 23 February 2017 at the …Read More

Nigeria will not withdraw from OPEC or devalue currency -­ Buhari tells Al Jazeera

Nigeria will not withdraw from OPEC or devalue currency -­ Buhari tells Al Jazeera

by Africa Business on Mar 7, 2016



Just nine months into his term, Nigerian president Muhammadu Buhari is under pressure. Under his leadership, the currency has reached record lows and inflation has reached the highest level since 2012, while Nigeria currently has a budget deficit of over $10bn. With almost 90 percent of Nigeria’s export earnings tied to oil, the low oil …Read More

1st annual MSGBC Basin Summit & Exhibition

1st annual MSGBC Basin Summit & Exhibition

by Africa Business on Mar 7, 2016



23 -24 November 2016 | Dakar, Senegal http://msgbc.theenergyexchange.co.uk/ The North West Africa Atlantic Margin is one of the most underexplored basin, currently attracting a lot of international interest. Both gas and oil have been found in 2014 and continued to be positively appraised in 2016. The aim of this summit organised by the Energy Exchange …Read More

Survey provides glimpse into the world of young entrepreneurs in Africa

by Africa Business on Mar 7, 2016



The Anzisha Prize, the premier award for Africa’s best young entrepreneurs, recently published the Anzisha Youth Entrepreneurship Survey 2016, which provides a snapshot of the realities facing young entrepreneurs in Africa. The full document can be downloaded here. The Survey is based on an emailed questionnaire answered by a selection of young entrepreneurs within the …Read More

Merkato the Biggest Market of Africa

Merkato the Biggest Market of Africa

by Eden Sahle on Mar 7, 2016



Merkato the adventurous open-air market situated on the capital city at Addis ketema district is the perfect stop for unique shopping day and sampling traditional spices. At Menalesh Tera, visitors have the chance to purchase exotic ingredients like sport cars spare parts, housing items and clothing’s at cheaper costs than the actual prices. Jovago Africa’s …Read More

Forum to focus on doing business in Africa

Forum to focus on doing business in Africa

by Africa Business on Mar 7, 2016



On March 12, 2016 at the Said Business School, Oxford, London, the Oxford Business Forum Africa will explore the reality of business in Africa with the aim of increasing awareness of the opportunities on the continent, creating meaningful connections, and generating actionable insights. The theme of this year’s forum is ‘Unreasonable Africa’, which focuses on …Read More

How to make building owners want duct cleaning

How to make building owners want duct cleaning

by Africa Business on Mar 7, 2016



How to make building owners want duct cleaning Canadian-made duct cleaning robot advancing the HVAC industry Hot, humid and dusty environments are prime real estate for mould and dust mites, and when these infest your building, the first occupant they kick out is your health. Dubai’s growing mould woes are curable, but until buildings have …Read More

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