Vodacom Agress To Sell Tanzania Phone Towers
From Independent Online Vodacom Group Ltd. has agreed to sell 1,149 phone towers in Tanzania to an infrastructure company backed by investors including George Soros. The wireless carrier, South...
View ArticleTanzania: 650,000 Non-Registered Mobiles Cut Off
From East African Business Week Some 650,000 unregistered mobile phone subscribers have had their SIM cards switched off recently. The mobile network services providers are complying with the...
View ArticleGas Prices Rise: Kenyans Ready For Fuel Hike
From East African Business Week Kenyans are bracing for another hike in fuel prices following the decision by the government to slap a new tax levy on all imported goods. The hiked prices could come...
View ArticleSouth Africa’s Banking Landscape Growth Hurt By Poor Economy
From ABN Digital An increase in bad debt continues to hamper South Africa’s lending and borrowing space amid a struggling rand and economic performance. “The banking landscape has changed dramatically...
View ArticleNhaCabo, Facebook App Created For Cape Verdean Users
From The Herald News Keeping up with all things Cape Verdean just got a lot easier with a new, unique Facebook app developed by entrepreneur and software architect Nick Pinheiro. “NhaCabo,” which can...
View ArticleBank of Zambia Embarks On Plan To Encourage More People To Bank
The Bank of Zambia and the National Savings and Credit Bank are reaching out to citizens who do not have bank accounts through a recently announced rural expansion program, reports ABN Digital. Only...
View ArticleKenya Pushing Forward On Mobile Banking Innovations
Kenya is leading the mobile banking revolution on the Continent–and worldwide, according to Kenya Commercial Bank chief Joshua Oigara. He says Kenya is the global model for innovative use of mobile...
View ArticleNigerians in India Hindered From Starting Small Businesses, Says Envoy
Many Nigerians leave Nigeria to start small businesses in other countries. But not in India. Although the two countries have bilateral relations describes as being on the level of a strategic...
View ArticleEthiopia’s FDI Grows to $1 Billion
From All Africa Japan says the fact that Ethiopia achieves 1 billion dollar Foreign Direct Investment (FDI) flow in to the country shows how focused the government is to develop the sector. This came...
View ArticleReport: Ghana’s Big Funerals Boost Insurance Industry
Insurance companies are stepping in to fill the funeral financing void in Ghana’s growing middle class, where celebrations of life are among the most important social events, according to a Bloomberg...
View ArticleU.S. Company Sells Sensing Technology In Nigeria For Tankers, Student Security
Nigeria-based Halogen Security, one of the largest private security companies in Nigeria and West Africa, has ordered 400 oil tanker monitoring devices from U.S.-based East Coast Diversified Corp.,...
View ArticleZimbabwe Pre-Election Flashback: Tsvangirai Believes Polls Were Rigged
President Robert Mugabe’s campaign opponent Morgan Tsvangirai has asked that officials look into the validity of votes cast in Wednesday’s election. Prior to election day, officials from the Movement...
View ArticleFund Reports Growing Appetite For Private Equity Investment In Africa
In the space of six months, U.S.-based private equity fund Capitalworks says it raised more than R2.7 billion ($270 million), predominantly from international investors with an appetite for African...
View ArticleJohannesburg Stock Exchange Aims For 24-Times Faster Trading
Citing increased trading activity, Africa’s largest stock exchange plans to build a co-location service next to its own data center that it says will make trading up to 24-times faster, according to a...
View ArticleSouth Africa Vehicle Sales Up 7.5% For Year
South African vehicle sales rebounded in July from a three-month low and sales for the past year are up 7.5 percent to 58,140, according to a Bloomberg report. South Africa’s economy expanded in the...
View ArticleCNN Special: Morocco Struggling Through Economic Crisis
Higher government spending, an export-import deficit and shrinking foreign currency reserves are all major issues contributing to Morocco’s economic crisis. CNN recently covered the nation’s financial...
View ArticleReport: Swaziland Business Owners At Competitive Disadvantage
Small -to -medium-sized businesses in Swaziland pay higher taxes than businesses in neighboring South Africa, Zimbabwe and Lesotho, according to a report in Times of Swaziland. Unlike most other...
View ArticleChina Makes First Investment In S. African Wine Industry
South African wine exports are up 25 percent and China is watching. Perfect China bought the wine cellar and vineyards of the Val de Vie estate, located between the towns of Paarl and Franschhoek near...
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Top 10 Most Generous Philanthropists of 2012
ThinkStockPhotos Although the recession decreased charitable donations worldwide, there are those who stepped their giving game up in 2012. These are most likely people who didn’t have to begin...
View ArticleReport: 270 New Hotels Planned In Africa
Increased exports of crude oil and minerals from countries such as Nigeria and Angola mean more hotel overnight stays, and global hotel chains are in a race for the best destinations, according to a...
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