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SimbaPay announces single money transfer of up to $45,000 (USD) to Africa

by Africa Business on May 3, 2016



SimbaPay (SimbaPay.com) is revolutionizing the remittance space through its official announcement of raising the single transaction limit to a whopping $45,000. This is substantially higher than the previous transaction limit of $3,000. African immigrants in the European countries can now easily complete larger purchases in Africa such as that of property, vehicles and paying large …Read More

Quantum Global acquires land in the Planalto region of Angola

by Africa Business on May 3, 2016



The Government of Angola has leased 80,000 hectares of plantation land to Quantum Global The concession agreement will be for a period of 60 years to develop large-scale wood fiber plantations in the Planalto region of Angola Luanda, 03 May 2016 – Global investment firm Quantum Global today announced that the Government of Angola has …Read More

Nearly 1 in 3 paid a bribe in Middle East and North Africa in past 12 months

by Africa Business on May 3, 2016



New Transparency International report shows MENA governments failing to stop corruption as they suppress citizens’ voices Nearly one in three citizens who tried to access basic public services in the Middle East and North Africa paid a bribe, a Transparency International (Transparency.org) report said today, showing that governments across the region have failed to hear …Read More

GIL 2016: Africa

GIL 2016: Africa

by Africa Business on May 2, 2016



The Global Community of Growth, Innovation and Leadership 18th August 2016, Table Bay Hotel, Cape Town, South Africa Frost & Sullivan’s Growth Innovation and Leadership (GIL) 2016: Africa global congress reconvenes on 18 August, 2016 at The Table Bay Hotel in Cape Town, South Africa. Visionary C-level executives from all over Africa will gather to …Read More

Social Entrepreneurs provide sustainable solutions for Africa’ development priorities

Social Entrepreneurs provide sustainable solutions for Africa’ development priorities

by Africa Business on May 2, 2016



Is social entrepreneurship the new face of development? A recent impact report released by Reach for Change (www.Africa.Reachforchange.org) suggests it might be. Social entrepreneurs across Africa are contributing to advances in education, healthcare, financial inclusion, environmental protection and other social issues. This was highlighted in the Reach for Change Africa 2015 Social Impact Report, which …Read More

Buying a proven business model reduces risk in tough times

Buying a proven business model reduces risk in tough times

by Africa Business on May 2, 2016



Buying a franchise or an existing, proven business model is a good way to reduce risk in tough economic times, say experts participating in the upcoming #BuyaBusiness Expo. “With unemployment nudging the 25% mark and food prices rocketing, thousands of South Africans are looking to starting their own businesses as a way to survive and …Read More

Port of New Orleans joins the expert speaker line up at International Port Security 2016

by Africa Business on May 1, 2016



SMi Group reports (21.04.2016, London, UK): SMi are delighted to announce that Port of New Orleans will be speaking at International Port Security 2016 which takes places in London on the 1-2 June. In its 7th successful year, International Port Security returns to London with its best ever speaker line-up featuring international ports from across …Read More

Zimbabwe’s outdated mines Act to undergo review

by Wallace Mawire on May 1, 2016



Zimbabwe is to repeal its outdated mines and minerals Act in a bid to boost the mines sector and woe much needed investors, Fred Moyo, Mines and Minerals Development Deputy Minister has said. Moyo told delegates at a  Chamber of Mines of Zimbabwe state of the mining industry survey presentation forum that the the country’s …Read More

Antique Clocks – Pendulantic: Your heirloom deserves the greatest care

Antique Clocks – Pendulantic: Your heirloom deserves the greatest care

by Africa Business on May 1, 2016



Antique Clocks – Pendulantic is based in Neuchatel, Switzerland, in the heart of the “Watch Valley”. Following in the footsteps of 5 generations of clock makers, Jacques Duvoisin started the company in 1980. His mission was to provide a full range of services backed up with a passion and expertise learned from his ancestors. In …Read More

Top Zambian officials and industry leaders to speak at CBM-TEC Conference 2016

by Africa Business on Apr 30, 2016



More than 30 of the top officials and industry leaders in Zambia will congregate at this year’s Copperbelt Mining Trade Expo and Conference (CBM-TEC) later this week. Top Zambian officials will join with local and international mining leaders to attend and speak at the nation’s premier networking event in the heart of the Zambian Copperbelt. …Read More

Industry Salutes Togo’s Best Five Star Hotel

by Africa Business on Apr 26, 2016



Togo’s top internationally-branded five-star hotel has opened – providing delegates to the forthcoming Africa Hotel Investment Forum (AHIF) in Lomé on June 21-22 with a prime example of achievement in a continent often perceived as being difficult for developers. The Radisson Blu Hotel 2 Février is the fruit of a private-public partnership between, the hotel …Read More

Vantage Capital provides N$80 million (R80 million) of debenture funding to United Africa Group, a leading Namibian hospitality and property-owning group

Vantage Capital provides N$80 million (R80 million) of debenture funding to United Africa Group, a leading Namibian hospitality and property-owning group

by Africa Business on Apr 26, 2016



Vantage Capital (VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has provided a debenture facility of N$80 million (R80 million) to United Africa Group (“UAG”) (UnitedAfricaGroup.com.na), an established hospitality and property-owning group in Namibia. The funding is being used to support the group’s equity contribution for the construction of a new Hilton Garden …Read More

Clarke Energy Chosen to Supply GE’s Gas Engine Technology to Combined Heat and Power Plant in Tanzania

by Africa Business on Apr 25, 2016



GE’s Distributed Power business (NYSE: GE) (http://www.GE.com) today announced that Clarke Energy (www.Clarke-Energy.com), GE’s authorized distributor of Jenbacher gas engines, is supplying one of GE’s high-efficiency Jenbacher gas engines to Said Salim Bakhresa & Co Ltd (Bakhresa) for a combined heat and power (CHP) plant, which will support the Azam flour mill in Dar es …Read More

DRC Mining Week: “We believe in this sector and in this country”

by Africa Business on Apr 25, 2016



DRC Minister of Mines Martin Kabwelulu Labilo at opening session in Lubumbashi in June “There is no doubt that 2016 is a challenging year for the mining sector and therefore, also for the DRC” says Elodie Delagneau, event director for the upcoming DRC Mining Week that is taking place in June in Lubumbashi, the heart …Read More

Karuma Hydro Dam project progressing on schedule

Karuma Hydro Dam project progressing on schedule

by Jackson Oboth on Apr 25, 2016



By Jackson Oboth Over the weekend, I was privileged to join a group of journalists on invitation to witness progress on the Construction of Karuma Hydropower Project being undertaken by a Chinese firm, Sinohydro Corporation Limited. At the entrance of the 600MW project we were quick to notice the developments mushrooming around the area in …Read More

Justice and the Horn of Africa

Justice and the Horn of Africa

by Fikrejesus Amahazion on Apr 24, 2016



In one of his debates with Socrates, Thrasymachus alleges that “justice is nothing else than the interest of the stronger.” Shifting thousands of miles away and thousands of years forward from ancient Greece, recent events at the United Nations seem to aptly reflect his point. Specifically, last week, Matthew Russell Lee of Inner City Press …Read More

Exotic Destinations of Ethiopia

Exotic Destinations of Ethiopia

by Eden Sahle on Apr 23, 2016



The horn of Africa wing, Ethiopia imbeds cross-cultural civilizations from North Africa, Sub-Saharan Africa and the Middle East offering you exclusivity you cannot find anywhere in the world. Jovago, Africa’s leading online hotel booking company introduces you to popular spots of this gifted land with unique historical wonders and one of its kind hospitality. Ethiopia’s …Read More

CBM-TEC 2016 brings top speakers to Kitwe showgrounds

CBM-TEC 2016 brings top speakers to Kitwe showgrounds

by Africa Business on Apr 23, 2016



With the third edition of the Copperbelt Mining Trade Expo and Conference (CBM-TEC) now just weeks away, conference speakers and delegates will be tackling head-on the real issues facing Zambian mining. From fiscal policy to power generation for mining, to local content development and value addition, the CBM-TEC conference will be an intensive two-day programme …Read More

Infrastructural Development, an Enabler for Economic Development

Infrastructural Development, an Enabler for Economic Development

by Eden Sahle on Apr 21, 2016



Experts reason out infrastructure development as key for economic growth and poverty reduction in Africa. It’s essential for building markets, creating robust and diverse economies, increasing opportunities for progress and attracting new sources of investment. It is globally reckoned that infrastructure is the ultimate enabler in development unlocking growth potential, creating jobs and bringing wealth …Read More

Minister Toungara Hosts Visiting UK Minister at Abidjan Power Facility

Minister Toungara Hosts Visiting UK Minister at Abidjan Power Facility

by Africa Business on Apr 20, 2016



Ivoirian Minister of Petroleum and Energy, Adama Toungara welcomed British Minister for Africa, James Duddridge to the Aggreko power generation facility (Africa.Aggreko.com) in the Vridi area of the Ivorian capital, recently. Minister Duddridge was in Abidjan to meet government ministers and business leaders to foster closer economic and trade links between the two countries and …Read More

Instability and Volatility – Impeding African Currency Trading

by Africa Business on Apr 20, 2016



Since the year 2016 began, we have experienced a series of random fluctuations in prices both in the commodity and financial markets. This has been a global phenomenon and Africa as a continent was not let out of the ongoing global economy shake-up. With most African economies being dependent on commodity markets, the drop in …Read More

Africa bright spots defy doubters with resilience to lower oil and commodity prices

Africa bright spots defy doubters with resilience to lower oil and commodity prices

by Edward George on Apr 20, 2016



By Edward George, Head of Research at Ecobank International Despite a difficult few months for African markets, the continent has pockets of resilience and dynamism which informed, long term investors are returning to exploit. The start of 2016 was tough for both developed and emerging markets. China’s stock market fell by 20%, the S&P by …Read More

Quantum Global Group Announces Regional Expansion Plans in Africa and the Middle East

Quantum Global Group Announces Regional Expansion Plans in Africa and the Middle East

by Africa Business on Apr 20, 2016



New Representative Office in Dubai to Serve as a Gateway for Regional Investors to Africa New Offices Planned in Angola, Kenya, Mozambique and Nigeria to Increase African Presence Investors to Have Access to Quantum Global ‘s Portfolio of Mauritius Registered Funds Dubai, United Arab Emirates, 20 April, 2016: Quantum Global Group (Quantum Global), an investment …Read More

Rolls-Royce Supplies 36 Gas Gensets for Power Plant in Ghana

by Africa Business on Apr 19, 2016



- 36 MTU Onsite Energy Series 4000 gensets supplied for power plant – Power plant to feed 56 MW into public grid from May 2016 Rolls-Royce has delivered 36 MTU Onsite Energy brand natural-gas-powered gensets for a gas power plant in Accra, Ghana. The Type 16V 4000 L32 gensets produce 1,560 kW of electric power …Read More

Insurers business in emerging oil rich economies

by Africa Business on Apr 19, 2016



No one thought that global price of oil, which was $110 per barrel in 2014, will fall by a quarter after two years. The current $40 per barrel oil price also shows that the market has not yet improved. Reports show that the price of this commodity is set to remain under pressure for long …Read More

The Future of Corporate Travel in Africa

by Eden Sahle on Apr 19, 2016



The corporate travel landscape is evolving quickly around the continent. A surge in population, rapid urbanization, the adoption of new technologies, as well as the continued unlocking of abundant resources are the prominent trends that are expected to propel Africa’s ongoing economic boom in  the next five years. As the global attention shifts towards Africa, …Read More

4 Ways Mobile Payments Help African Travel Businesses Increase Bookings

4 Ways Mobile Payments Help African Travel Businesses Increase Bookings

by Eran Feinstein on Apr 19, 2016



African consumers are turning to their mobiles for making purchases now more than ever—and it’s easy to understand why. Growing smartphone screen sizes, improved security, and apps for just about everything make it incredibly convenient to pay for anything from utilities to a plane ticket using the device that’s always within arm’s reach. If you …Read More

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES)

by Africa Business on Apr 18, 2016



Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. Financing Agreement reference: 100000038 Project ID No: P-Z1-A00 017 The Inter African Coffee Organisation (IACO)[1] has received financing from the African Development Bank under The Nigerian Technical Cooperation Fund toward the cost of the study for Revitalization of …Read More

The Africa Hotel Investment Forum (AHIF)

by Africa Business on Apr 18, 2016



AHIF is the pre-eminent event for international investors in hotels in Africa.  It takes place in Lomé, Togo on 21-22 June 2016, at the new flagship Radisson Blu Hotel du 2 Février. The second AHIF will take place on 2-4 October at the Radisson Blu Hotel & Convention Center, Kigali, Rwanda. For more information, visit …Read More

Hotel development in Africa jumps 30% to 64,000 rooms

by Africa Business on Apr 18, 2016



Resilient continent continues to attract investors – Angola surges ahead The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey. The increase is largely down to strong growth …Read More

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