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Archive In BusinessRead the latest news for Business in Africa
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Advisor Network
Future Drivers of Africa’s Manufacturing Growth.
Almost all quality improvements comes via simplification of design, manufacturing layout, processes and procedures – Tom Peters The pressure on global performance of the manufacturing sector has drawn significant attention over the last few years.
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Telecommunication
Telkom’s Revenue Suffer As Competition Heats Up In South Africa.
Telkom has seen its fixed and leased line revenues take a dive as it struggles to contend with rising competition in South Africa’s telecommunication industry.
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Energy
Proposed ‘Austerity Measures’ Show Oil Crisis Is Actually Good For Nigeria.
Nigeria’s Minister of Finance, Ngozi Okonjo-Iweala, in the company of key economic stakeholders, said the government will cut expenses by public servants, create tax on luxury goods and refocus efforts on non-oil sectors as measure to...
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Intelligent Investing
Facebook To Provide Free Internet For Africans.
Social media giant, Facebook, is said to be in talks with Avanti Communications, a UK based satellite operator, to provide internet access across Africa, for free. The deal is part of Mark Zuckerberg’s internet.org initiative.
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Finance
Cote d’Ivoire Keen To Bolster Export Sector.
Cote d’Ivoire, the world’s largest exporter of cocoa beans, has developed a National Export Strategy (NES), aimed at improving both its regional and international exports.
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Finance
Ecobank Nigeria Secures $150m Capital From Foreign Banks.
The Nigerian unit of pan-African lender Ecobank said on Monday it has secured $150 million in a debt facility from a group of international banks to grow its loan book.
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Energy
Dangote’s $9bn Refinery To Commence Production By 2018.
Dangote Group, Africa’s largest multi-faceted conglomerate, says it expects its oil refinery, currently under construction in Lagos, Nigeria’s commercial capital, to come on stream by mid 2018.
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Energy
Nigerian In Diaspora Leads Investment In 1,200MW Solar Power Project.
in Diaspora, Emmanuel Irono, has signed a Memorandum of Understanding with the Nigerian government to deliver 1,200MW of solar-powered electricity in the country within the next two years.
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Retail & Manufacturing
Taste Holdings Opens Four Domino Pizzas In South Africa.
Taste Holdings, JSE-listed management group with subsidiaries in the food and jewellery market, on Tuesday said four Domino Pizzas were opened in Johannesburg, Durban and Cape Town at the end of last month.
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International
Atlas Mara On The Hunt For More African Acquisitions.
Atlas Mara, the African investment vehicle of former Barclays CEO, Bob Diamond, and Ugandan entrepreneur, Ashish Thakkar, said it is still searching for acquisitions in its bid to build sub-Saharan Africa’s leading bank.