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Africa business news

Investors must adhere to green economy, says Dr Mengi

Green Economy of Prime Importance according to TPSF Chairman

September 14, 2017September 15, 2017

Dr. Reginald Mengi, Chairman of Tanzania Private Sector Foundation (TPSF), has emphasized the importance of current and potential investors to follow their green code to see that it is properly …

Green Economy of Prime Importance according to TPSF Chairman Read More
Afreximbank to Boost Lending in Africa

Afreximbank to Boost Lending in Africa

September 8, 2017

The African Export-Import Bank (Afrexcompromisarakatil said its $300 million offer in depositary receipts to private investors is expected to boost capital for lending to industries on the continent. The depositary …

Afreximbank to Boost Lending in Africa Read More
Danbatta: Telecoms Sector Added N1.5tn to GDP in Second Qtr

Danbatta: Telecoms Sector Added N1.5tn to GDP in Second Qtr

September 8, 2017

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has said the telecoms sector contributed N1.549 trillion to the Gross Domestic Product (GDP) in the …

Danbatta: Telecoms Sector Added N1.5tn to GDP in Second Qtr Read More
Kenyan bankers say respect for Supreme Court to attract investors

Kenyan bankers say respect for Supreme Court to attract investors

September 8, 2017

The decision by Kenyan President Uhuru Kenyatta, his challenger Raila Odinga and their supporters to respect the Supreme Court decision annulling Aug. 8 presidential vote is expected to motivate more …

Kenyan bankers say respect for Supreme Court to attract investors Read More
Africa Records Growth on Global Air Freight

Africa Records Growth on Global Air Freight

September 8, 2017

African carriers posted the largest year-on-year increase in demand of all regions in July 2017 with freight volumes growing 33.7 percent – the second fastest monthly rise in seven years. …

Africa Records Growth on Global Air Freight Read More
ICT Expo identifies opportunity in Africa’s mobile market

ICT Expo identifies opportunity in Africa’s mobile market

September 8, 2017

The 3rd Indo-Africa ICT Expo 2017, held in Lagos after a change of the host city from Nairobi, say the continent is on the cusp of development because global organisations …

ICT Expo identifies opportunity in Africa’s mobile market Read More
Afreximbank seeks 300 mln USD to industrialize Africa

Afreximbank seeks 300 mln USD to industrialize Africa

September 8, 2017

The African-Import-Export Bank (Afreximbank) said Thursday it is seeking 300 million U.S. dollars to shore up its capital to meet the growing borrowing demand from the continent’s private sector. The …

Afreximbank seeks 300 mln USD to industrialize Africa Read More
African Rainbow Minerals declares record dividend

African Rainbow Minerals declares record dividend

September 8, 2017

African Rainbow Minerals (ARM), the JSE listed diversified mining company, which is chaired by billionaire, Patrice Motsepe, declared a record dividend and reduced its debt in the year to June …

African Rainbow Minerals declares record dividend Read More
Vietnam, South Africa look to foster wide-ranging ties

Vietnam, South Africa look to foster wide-ranging ties

September 8, 2017

The two sides shared their delight at positive growth of the bilateral ties over the past years, especially in politics-diplomacy, trade, defence and mining. They agreed on specific measures to …

Vietnam, South Africa look to foster wide-ranging ties Read More
Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

September 8, 2017

Tanzanian President John Magufuli has ordered a review of Petra Diamonds’ (LON:PDL) contract and asked senior officials to resign after the results of a probe into the sector, launched in …

Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign Read More

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