Saturday, November 23African Digital Business Magazine

Tag: Hong Kong

African News, Startups

Hong Kong rolls out red carpet to African business

Hong Kong, Asia’s leading business destination and the gateway to Mainland China and Asia, is stepping up its efforts to attract African business, with the opening of an InvestHK representative office in Africa. InvestHK, the department of the Hong Kong Special Administrative Region (HKSAR) Government responsible for Foreign Direct Investment, has a presence in 33 markets and is now actively building mutually beneficial relationships with leading African and South African enterprises such as major banks, metro development organisations, and the JSE. Speaking at a briefing at the JSE in Johannesburg, InvestHK Director-General of Investment Promotion Stephen Phillips noted: “Africa is an important part of our strategy, therefore we are building relationships and representation in South A...
African News, South Africa News

Coface projections on SA, Africa and the global economy will have to be tested

By Thandisizwe Mgudlwa Africa is best positioned to provide a thriving business environment, a leading International credit insurer attests. Coface has projected that by 2016, South African exports into Africa will increase significantly but will be offset by an equivalent drop in trade with Europe. The group also says that the will also be an increase in trade with Asia but trade with the US will remain at the current levels. And Garth de Klerk, CEO of Coface South Africa, says: "China will play an important role in SA’s economic future. Currently, 13% of total SA’s exports are to China. They consume 65% of all primary aluminum produced in SA and 70% of all iron ore mined in SA. Notably, China’s biggest export markets in 2011 was the EU at $356-billion followed by the US at...
African News, Nigeria News

LAGbook Founders Set to Launch Online Game Development Company Naija Arts in 2013

  Chidi and Chika Nwaogu, founders of Africa's largest social networking website LAGbook are set to launch their online game development company Naija Arts as LAGbook hits the 1,000,000 member-mark in 2013. Lagos, Nigeria, October 13, 2012 --(PR.com)-- Founders of prominent African social networking website, Ladies And Gentlemen book, popularly known as LAGbook, today announced they'll be launching Naija Arts, an online game development company after LAGbook hits the 1,000,000 member-mark in 2013.  Naija Arts will be founded with LAGbook's Chief Financial Officer, Josh Osemwegie, and will focus on online game contents (HTML5) that will made available on the LAGbook social discovery platform, and the Naija Arts website using the HTML iframe technology. "W...
African News

Nigeria’s LAGbook Partners with South Africa’s Umuntu Media to Bring Mimiboard on Board

  Africa's fastest growing social networking website, Ladies And Gentlemen book, today partnered with the South African-based Umuntu Media to introduce a third-party virtual noticeboard app to registered LAGbook users. Lagos, Nigeria, October 11, 2012 --(PR.com)-- Mimiboard is a virtual noticeboard that helps you discover up-to-the-minute information about the things you love, and interested in. You simply discover mimiboards you love, and add them to your existing walls. You can find mimiboards by exploring an easy-to-use map or simply browse through top categories in your location. Mimiboard is the leading product of the South African based Umuntu Media, and backed by Eva-Fund. The virtual noticeboard web application emerged the best at this year's Nairobi Open Innovation Summit A...
African News, Ethiopia News, Ghana News, Kenya News, Nigeria News, South Africa News

Ethiopian Airlines buys additional plane for US$276 million

By Sanday Chongo Kabange (ABN) HONG KONG - Ethiopian Airlines has ordered an additional 777-200LR aircraft valued at US$276 million from Boeing, bringing the number of similar planes to six. The Addis Abba-headquartered carrier is to add an additional aircraft to its fleet, less than two months after two plane crashes in Ghana and Nigeria notched up the question of aviation safety in Africa. The 777 is Boeing's second-biggest plane, with 321 seats as flown by Ethiopian Airlines, which already has five of them. "The 777-200LR has been a fantastic airplane for Ethiopian Airlines," Tewolde Gebremariam, Ethiopian Airlines chief executive said in a news release. “This additional airplane will let us take full advantage of the performance and economics of this great airplane." The 777-200...