Africa Brief: Altech, cloud hosting, PPC expansion, Kenya Airways, and more
Altech to shed East Africa assets
Altech sold its money-losing East African businesses to Liquid Telecommunications for 8.6% of the shares in Liquid Telecommunications.
Altech’s loss incurred in the year ended February 2012 was as a result of impairments on its East and West African businesses. Altech thought the East African businesses would benefit from being a part of Liquid’s larger more specialised network.
This network will provided efficiencies and interconnectivity between different African countries not achieved in the past. Altech is planning on purchasing $16.5 million more worth of shares in Liquid Telecommunications.
For the full story, read Altech to shed East Africa assets by Thabiso Mochiko, published in Business Day on 29/01/2013.
Business demand for African cloud hosting soars
African businesses are increasingly demanding online services and applications be hosted within the borders of where they operate their businesses. This would reduce the delay in downloading data.
The implementation of undersea cables significantly improved international connectivity in Africa. This increased the bandwidth resulting in reduced costs.
The Internet Service Providers Association last year established local internet exchanges in Johannesburg, Durban and Cape Town to avoid unnecessary use of the expensive undersea cables.
The SA Protection of Personal Information Bill requires organisations to protect the information they process and collect. This results in increasing demand for businesses to host online services from within the country they operate their business in.
Cloud computing is growing in demand and changing the way people access and share information.
For the full story, read Business demand for African cloud hosting soars by Thabiso Mochiko, published in Business Day on 29/01/2013.
PPC Builds on African Foundations
PPC is pursuing a strategy to increase its revenue by expanding its business into Africa. In line with this strategy PPC announced its intentions to acquire 51% of Cimerwa of Rwanda for $69.4 million.
Sales volumes of cement have increased in South Africa, Zimbabwe and Botswana for the first quarter of the financial year.
For the full story, read PPC Builds on African Foundations by Roy Cokayne, published in The Star, Business Report, on 29/01/2013.
Kenya: EU crisis shows airline’s growth
Kenya Airways showed lower growth in number of passengers in its third financial quarter as a result of lower growth in European travellers.
For the full story, read Kenya: EU crisis shows airline’s growth by Reuters, published in The Star, Business Report, on 29/01/2013.
Zambia: Merger of car firms rejected
A Zambian government regulator rejected the merger of Japan’s Toyota Tusho and France’s CFAO. Allowing the two companies to merge would give them 75% of the market share.
For the full story, read Zambia: Merger of car firms rejected by Reuters, published in The Star, Business Report, on 29/01/2013.
Uganda: Sugar output misses forecast
Uganda’s sugar output fell short of the forecast by 11.4% in 2012. This is the result of can poaching by smaller producers and poor weather conditions.
For the full story, read Uganda: Sugar output misses forecast by Reuters, published in The Star, Business Report, on 29/01/2013.
Nigeria: Airports to help export produce
Nigeria was building cargo terminals at 12 airports to facilitate with the export of farm produce.
For the full story, read Nigeria: Airports to help export produce by Bloomberg, published in The Star, Business Report, on 29/01/2013.
DR Congo peace deal eludes AU summit
The signing ceremony for the peace deal to gain military support for the war in Mali was recently cancelled. The UN Secretary General Ban Kimoon urged a security and cooperation framework be put in place to end the reoccurring cycles of violence.
For the full story, read DR Congo peace deal eludes AU summit by SAPA-AFP, published in The Times, on 29/01/2013.