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Africa Business Confidence Index shows growth again
The Africa Business Confidence Index (ABCI) for November shows expansion in both the index for manufacturing and non-manufacturing sectors in Africa... read the story
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Blog Posts
Nigeria to stop cement importation in 2012.
President Goodluck Jonathan has set out plans to stop the importation of cement by the first quarter of 2012 as Lafarge begins production of 2.5 million metric tons of cement per annum at its new Ewekoro plant in Ogun State.
President Jonathan, speaking at the commissioning ceremony of the new Lafarge Ewekoro plant in Ogun State, said the Federal Government is currently working with cement manufacturers to achieve the aim of self sufficency in cement production by…
Posted by Isaac Twumasi Quantus on December 21, 2011 at 1:47pm
Ogilvy CEO sells part of shares in Scangroup after lock-in period
Mr. Koome Mwambia, the chief executive of Ogilvy East Africa Ltd, has sold part of the shares he earned in ScanGroup after a share swap deal involving the two firms last August. Regulatory fillings at the Nairobi Securities Exchange (NSE) show that Mr. Mwambia’s stake in the marketing communication agency dropped to 0.99 per cent at the end of October from 1.33 per cent in December last year.
The move earned him more than KES12mn from the more than 300,000 share shares he…
Posted by Isaac Twumasi Quantus on December 19, 2011 at 11:39am
Dangote stakes US$7.7 billion in Rivers Energy City
Aliko Dangote, president, Dangote Group, has directed his investment gaze in the direction of Rivers State with initial $7.7 billion (N1.2 trillion) stake in the state’s emerging energy city.
Rivers Energy City is part of the mega city concept known as the Greater Port Harcourt City which cuts across eight local councils including Ogu/Bolo, the host council of the energy city.
Dangote has already made open visits, having inspected the large expanse of land beside the waters…
Posted by Isaac Twumasi Quantus on November 29, 2011 at 11:37am
Solar devices for the african market. Solar cooker, solar oven, solar cup or solar BBQ.
We can offer solar devices which could be used under the heat of african sun.
We are able to deliver to almost every country. Please get in contact with me if you are interested.
Please find some pictures of our products below.
…
ContinuePosted by Rawand Rasul on November 23, 2011 at 4:16am — 1 Comment
Business Opportunity
We have develop a new brand of portable device similar to Ipad but
different, we need distributors from different countries, we will give our
great deals to interested Business people, we will give a sole distributorship
in different region and also if you would like to have some shares out of the
product we also have a deal for you.…
Posted by GHIE BACCAY on November 21, 2011 at 12:41pm
Africa Trade News
Africa: Africa Targets Free Trade Area By 2017
BuaNews (Tshwane)-Africa will target the establishment of a continental free trade area by 2017, said a document issued at the closing of the 18th summit of the African Union (AU) on Tuesday.Tanzania: Dar es Salaam Overtakes Mombasa in Cargo Handling
EA Business (Kampala)-The country's main gateway for imports and exports, Dar es Salaam Port, is realising a marked improvement in handling containers that has risen 16% by end of 2011.Nigeria: Presentation By President Jonathan On 'Boosting Intra-African Trade' At the 18th AU Assembly
Nigeria First (Abuja)-A Presentation by President Goodluck Jonathan on 'Boosting Intra-African Trade' at the 18th African Union Assembly in Addis Ababa, Jan.29-30, 2012Africa: Countries Advised to Embrace Intra-African Trade
Daily News (Dar es Salaam)-AFRICAN countries were on Monday urged to enhance trading among themselves to lift economic growth and development on the continent, African Union Commission Chairman, Jean Ping, said.Tanzania: Sugar Production Potential Yet to be Fully Exploited
Daily News (Dar es Salaam)-TANZANIA stands a good chance of becoming sugarself sufficient and net exporter of the essential product if there are strategic moves to attract more investors in the local sugar sub-sector.Africa Manufacturing News
Nigeria: Palliatives - Only 30 Percent Transit Buses Manufactured Locally - Aganga
Vanguard (Lagos)-Efforts by Federal Government to boost made in Nigeria goods is yet to be fully complemented by local automobile industry which could only assemble 30 per cent of the 1,240 mass transit buses so far released by the government.Tanzania: Honda Plans Assembling Plant in Dar es Salaam
Daily News (Dar es Salaam)-HONDA Japan is to introduce a new motorcycle in the local market to cope with the current financial hardship and compete with the dominant Chinese products.Rwanda: Country Should Invest in Uganda Medicine Plant
Focus (Kigali)-While on a 3-day State visit to Uganda last week, President Paul Kagame visited a local medicine manufacturing plant, Quality Chemicals Ltd, and floated a very interesting idea that should be supported by everyone in the region. The president said that the Rwandan government would consider investing in a joint-venture with Quality Chemicals in setting up a factory that will process raw materials for anti-malaria drugs from locally grown plants.Uganda: Mulamata Makes Bamboo Bicycles
New Vision (Kampala)-President Yoweri Museveni has always advised Ugandan traders to become manufacturers instead of simply selling imported goods.Zimbabwe: Zimglass Set to Re-Open in April
Financial Gazette (Harare)-The country's sole glass manufacturer, the Zimbabwe Glass Industries (Zimglass) is set to resume operations in April after the company secured funding to refurbish its furnaces.Africa Business News
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Developing nations should boost economic defences: IMF
The director of the International Monetary Fund Christine Lagarde urged developing countries on Monday to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.
Lagarde was speaking during a visit to Nigeria in which she met President Goodluck Jonathan and Finance Minister Ngosi Okonjo-Iwaela and praised their planned economic reforms.
European finance ministers were discussing ways of boosting IMF resources to build a better firewall against the debt
Ghana cocoa purchases hit 448,528 T by Dec. 8
Cocoa purchases declared to Ghana's Cocobod reached 448,528 tonnes by Dec. 8 since the start of the season on Oct. 14, data from the industry regulator showed on Tuesday.
The figures compare with 421,711 tonnes of official purchases recorded during the corresponding eight weeks of the previous season, which ran from Oct. 1 to Nov. 25, according to the data seen by Reuters.
Total purchases for the week ending Dec. 8 were 36,822
Africa Company News
Zambia: New Bank Pledges to Support Tourism
Times of Zambia (Ndola)-BANC ABC, which is one of the emerging commercial banks in Zambia, has opened a new branch in Livingstone with a pledge to support tourism and other economic activities in the country's tourist capital.South Africa: Transnet Scuppers Oil Rig Plans
Biz-Community (Cape Town)-According to a Business Report report, a multi-million plan to build a supply base to service oil rigs at Saldanha Bay has been scuppered, after Transnet National Ports Authority changed the conditions for the shipping firm wanting to build it.Africa: Making Tracks Into Africa
Biz-Community (Cape Town)-Umuntu Media and Tracks4Africa - major players in the Southern African hospitality industry - have teamed up to bring powerful, multi-platform listings offers to the Southern African hospitality industry.South Africa: Three Top Absa Executives Quit
Biz-Community (Cape Town)-According to a Mail & Guardian report, three top executives in Absa have announced that they will be leaving the banking group. Alfie Naidoo, the group's chief operating officer, Happy Ntshingila, chief marketing and communications manager, and Daphne Motsepe, head of unsecured lending will be leaving Absa.South Africa: Good News for the Cape Clothing Sector
Biz-Community (Cape Town)-Cape Business News reports that - in a move that has sent positive ripples through the local clothing sector - Cape Town-based credit retailer The Foschini Group (TFG), has bought Prestige Clothing - its longstanding clothing manufacturing supplier. It is planned that Prestige Clothing will be streamlined and grown to manufacture exclusively for TFG.Africa Investment News
South Africa: Govt Economic Policy Orientation Unclear
African Arguments (London)-In mid-January while much of the country's business community was still on or returning from summer holidays, Fitch Ratings revised its outlook for South Africa's credit rating to 'negative' from 'stable'. In doing so it seemed to be issuing a 'welcome to 2012' flag on what it thinks will be a period marked by continued policy uncertainty and challenges for the ANC-led government in meeting both its political spending (wage and social payments) commitments and its deficit management targets.Tanzania: British Direct Investments in the Country On the Rise - Diplomat
Citizen (Dar es Salaam)-Direct investments by British firms to Tanzania are increasing rapidly while UK government aid to the latter for this year is estimated at $250 million, according to the High Commissioner, Ms Diane Corner.Nigeria: FG Gets N4.89 Trillion Investment Commitments in Six Months - Ministry
Daily Trust (Abuja)-The Federal Government has secured N4.89 trillion investment commitments from local and foreign investors in the last six months, according to statistics, by the Ministry of Trade and Investment.Nigeria: FG Secures N4.89 Trillion Investment Commitment in Six Months
Leadership (Abuja)-The federal government has secured a total of N4.89trillion investment commitment from local and foreign investors within the last six months, according to statistics from the Ministry of Trade and Investment.Nigeria: FG Secures N4.89 Trillion Investment Commitments
Vanguard (Lagos)-Minister of Trade and Investment, Dr. Olusegun Aganga, yesterday, disclosed that the Federal Government was able to secure N4.89 trillion investment commitment from local and foreign investors in the last six months.Google Ads
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