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Visa Expands footprint in Francophone Africa

Visa Expands footprint in Francophone Africa

by Africa Business on Mar 4, 2016



Visa Inc., a global payment company, announced its intention to open an office in Côte d’Ivoire to reinforce its position as a leading payment technology company and to help bring the benefits of electronic payments to the economy and a broader range of consumers and merchants across West Africa. The company is currently in the …Read More

AIG, parent company of Jovago, secures over € 300M of funding from MTN, Rocket Internet, AXA and Goldman Sachs

by Africa Business on Mar 4, 2016



Addis Ababa–Ethiopia 4th of March, 2016, Africa Internet Group (“AIG”), the parent company of Jumia and Jovago, the leading ecommerce platform in Africa, has secured more than Euro 300 million in funding from new and existing investors, including the previously announced funding commitment from AXA, a worldwide leader in insurance and asset management. This new …Read More

Prospects for Economical Fast Transportation across Africa

Prospects for Economical Fast Transportation across Africa

by Harry Valentine on Mar 4, 2016



A unique transportation technology that can offer fast travel durations at competitive prices is being developed in such countries as South Korea, Malaysia, Singapore, Australia and China. The International Maritime Organization (IMO) classifies the technology as a boat, except that it resembles an aircraft due to its central fuselage and presence of wings. However, commercial …Read More

At less than a week to global science forum, Next Einstein Forum launches global call for a new era in science and technology in Africa

by Africa Business on Mar 4, 2016



700 participants from 80 countries already registered, 52% of them young people and 40% women In less than a week, the first global forum for science on African soil will take place in Dakar, Senegal, from 8-10 March 2016. The Next Einstein Forum (NEF) (gg2016.nef.org) has launched a global call for support for Africa’s scientific …Read More

African tyre markets buckle under Chinese pressure

by Africa Business on Mar 3, 2016



With Tyrexpo Africa 2016 scheduled to be held in Johannesburg from March 8-10, the focus is once again on the tyre industry in Africa. Over the past few years, the African continent has emerged as one of the fastest growing markets for the global tyre industry. The reason is simple: the rapid growth of the …Read More

Former Castle Museum in the Capital of Ethiopia

Former Castle Museum in the Capital of Ethiopia

by Eden Sahle on Mar 3, 2016



It’s not hyperbole to say that Ethiopia is home to many of ancient and best museums in the world. Among those the beautiful Haile Selassie’s former palace tops the list.  It’s the first university museum of the country. The history of this museum takes back to the early days of 1950. From the glamorous graders …Read More

Global industry leaders to explore China-OIC joint investment opportunities at groundbreaking forum

by Africa Business on Mar 2, 2016



China’s meteoric economic rise and the burgeoning ascendancy of OIC nations in the international landscape are altering global economic power dynamics, and players from both markets are eager to tap the lucrative opportunities arising from stronger bilateral ties. With a more inclusive  foreign policy, including a renewed stance on the Middle East and Africa, Chinese …Read More

What cities should you visit for business travel?

by Africa Business on Mar 2, 2016



They say that travel broadens the mind but, when it comes to business, it can do so much more than that. Traveling for business is an amazing way to create, and develop, connections with associates and clients, learn so much more about a particular industry, and explore new ways of conducting operations, as well as …Read More

Currency Fluctuations Weaken African Businesses

Currency Fluctuations Weaken African Businesses

by Africa Business on Mar 2, 2016



The decline in commodity prices over the last three years has made life harder for many African businesses, as natural resources make up a large percentage of the business landscape on the continent. However, the drop in commodity prices is not the only challenge companies in Africa are facing. Increasing volatility in the African currency …Read More

South African organisations report the highest rate of economic crime in the world over the last two years: PwC Global Economic Crime Survey

South African organisations report the highest rate of economic crime in the world over the last two years: PwC Global Economic Crime Survey

by Africa Business on Mar 2, 2016



69% of organisations report being victims of economic crime 32% of organisations have experienced cybercrime 70% of survey respondents view local law enforcement as inadequately resourced to fight economic crime South African organisations reported a considerably higher frequency in the incidence of economic crime in comparison to their African and global peers, with more than …Read More

Winjit Technologies Demonstrates Industry Solutions at the ‘Enterprise Mobility Africa’

Winjit Technologies Demonstrates Industry Solutions at the ‘Enterprise Mobility Africa’

by Africa Business on Mar 2, 2016



March 1 – 2, 2016 at Sandton Convention Centre, at Johannesburg -     Winjit’s ‘Area Manager’ is one stop enterprise app solution for the retail store management. -     EduBeacon powered by Winjit helps preserve the students’ attention in the learning area, while providing teachers with advance notifications. -     Winjit’s Financial Services apps cater to the inclusive …Read More

2nd Annual HR Winners Africa Conference

2nd Annual HR Winners Africa Conference

by Africa Business on Mar 2, 2016



Name: 2nd Annual HR Winners Africa Conference Date: 21 – 22 September 2016 Venue: Nairobi, Kenya This two-day event will gather the top level HR Professionals in order to crack Africa’s talent challenges. It will offer a great opportunity to take a closer look at current talent management, engagement and leadership development challenges, exchange fresh …Read More

South Africa: Saldanha Bay IDZ Licensing Company Bill; first step towards 21 000 jobs

by Africa Business on Mar 1, 2016



Today the Standing Committee on Economic Opportunities, Tourism and Agriculture in the Western Cape Provincial Parliament, conducted a public hearing on the Saldanha Bay Industrial Development Zone (IDZ) Licencing Company Bill in Saldanha Bay. In a presentation by the Saldanha Bay IDZ, the community and stakeholders were informed that 21 000 jobs stand to be …Read More

Tough times for Middle East and North Africa insurance markets

by Africa Business on Mar 1, 2016



With the economies of the Middle East and North Africa (MENA) impacted by the unrelenting low oil prices and persisting regional instability, their insurance markets are likely to face repercussions. Such, in fact, is the severity of the decline in the market price of crude that the price per barrel in January 2016 stood at …Read More

A Trans-African Inland Waterway and Canal Transportation System

A Trans-African Inland Waterway and Canal Transportation System

by Harry Valentine on Mar 1, 2016



The Nile River has been navigable since the time of the pharaohs some 4,000-years ago, while sections of the Niger, Benue, Congo and Zambezi Rivers have also been navigable. While Cecil John Rhodes sought to build a north – south Cape-to-Cairo railway line, African railway networks remain regional with the own distinctive railway gauge. Paced …Read More

4G connectivity could drive a new era of productivity for African entrepreneurs

4G connectivity could drive a new era of productivity for African entrepreneurs

by Ivan Epstein on Feb 29, 2016



By Ivan Epstein, President for Sage International (Africa, Australia, Middle East, Asia and Brazil) and Chairman of Sage Foundation Sub-Saharan Africa’s telecoms infrastructure has improved in leaps and bounds over the past few years, thanks to new undersea cables, national fibre links and mobile data services. Even though applications such as email and social media …Read More

Eskom Senior General Manager of Renewables Unit to Attend New Energy Update South Africa 2016

by Africa Business on Feb 29, 2016



Eskom, South Africa’s state-owned energy utility, has confirmed participation at the New Energy Update South Africa conference series 2016. New Energy Update, taking place 8-9 June in the newly opening Century City Conference Centre in Cape Town, is bringing the legacies of CSP Today, PV Insider and Wind Energy Update together under one roof for …Read More

Featured Documentary – Scent From Heaven

Featured Documentary – Scent From Heaven

by Africa Business on Feb 29, 2016



Oud, also known as Agarwood, is the basis of some of the of the most world’s exclusive perfumes. Derived from the resinous bark of a tree that only grows in parts of South East Asia, it is also one of the world’s rarest and most expensive commodities – kilo for kilo more costly than gold. …Read More

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

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