Friday, 15 December 2017

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Imperial plans to expand its logistics business in Africa

Imperial plans to expand its logistics business in Africa

Imperial Holdings, the listed transport and mobility group in South Africa, plans to significantly increase the size of its logistics business through acquisitions, with the major ...

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Japan premier promises to invest $30 billion in Africa by 2018

Japan premier promises to invest $30 billion in Africa by 2018

Japan will pour US$ 30 billion in investment in Africa by 2018, including US$ 10 billion in infrastructure development, Prime Minister Shinzo Abe said on Saturday at a summit in N ...

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MTN to launch new R9.9 billion empowerment plan in SA

MTN to launch new R9.9 billion empowerment plan in SA

MTN will launch a new black economic empowerment scheme as Zakhele is set to unwind in November as it reaches maturity. MTN’s new empowerment offering is seemingly set to be worth ...

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Sun International pulls out of the Nigerian market

Sun International pulls out of the Nigerian market

South African hotel and gaming group Sun International said on Monday it had decided to exit Nigeria due to weak economic growth and clashes with regulators in the West African co ...

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Global downturn in oil price means African companies need innovative thinking

Global downturn in oil price means African companies need innovative thinking

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas r ...

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Egypt gets $2 billion Saudi Arabia help

Egypt gets $2 billion Saudi Arabia help

Egypt is to receive a US$ 2 billion deposit from Saudi Arabia, International Cooperation Minister Sahar Nasr said on Thursday. Sahar did not specify when the money was expected to ...

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Coca-Cola Beverages to reconsider SA investment plans

Coca-Cola Beverages to reconsider SA investment plans

Africa's biggest Coke bottler, Coca-Cola Beverages Africa, will rethink its spending plans in South Africa if Pretoria's proposed tax on sugary drinks gets the green light, a spok ...

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Five African cities named amongst worst global cities

Five African cities named amongst worst global cities

Five African cities have been listed among the worst liveable cities according to a global ranking released by the Economic Intelligence Unit (EIU). The capitals in descending ord ...

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Botswana set to improve power generation

Botswana set to improve power generation

Botswana has passed a law opening up electricity generation to the private sector, which could reduce its reliance on South Africa. Credit rating agency Moody’s said the Energy Re ...

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Sugar tax to cost South Africa thousands of jobs

Sugar tax to cost South Africa thousands of jobs

South Africa’s proposed sugar cost could lead to the loss of thousands of jobs and closures of several businesses. According to the chairman of Coca-Cola Beverages Africa, about 6 ...

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