Tag Archives | DRC
Things move quickly in Africa’s mobile industry, which includes mobile banking. As mobile banking services gain ever greater traction throughout the continent, the sky seems the limit in terms of what can be done and who can be reached.
Negotiators for southern African states had agreed a new trade pact with the EU that would give the countries a bigger market for food exports, South Africa’s Trade and Industry Department said on Friday.
Offshore oil and gas surveys are taking place in hopes that this will attract new explorers such as Royal Dutch Shell. It plans to hold a licensing tender next year once Soma Oil and Ga
Africa Brief: Top gold deposits possible at Congo project, Vodacom office opened in Ethiopia, and more…
Billionaire Dan Gertler’s Moku-Beverendi gold project in northeastern Democratic Republic of Congo may contain as much as 5-million ounces of the metal, his Fleurette Group said. Kibali may eventually produce 550,000oz a year, according to Randgold’s website.
Africa Brief : African risks ‘no different to emerging world’, Chinese bank to fund Kariba and more…
Operating in Africa is not without its challenges whether it is local infrastructure, fragmented regulations or unreliable systems, but this is just normal in the course of doing business according to Procter & Gamble MD. The global consumer goods has grown tremendously in the past decade.
Africa Brief: Zambia considers $1bn eurobond to plug deficit, Renewable energy adds to CIG’s ‘robust results’ and more…
President Jacob Zuma and his Democratic Republic of Congo counterpart Joseph Kabila have signed a treaty for the construction of the $80bn Grand Inga Project during Mr Zuma’s state visit that is expected to end today.
Africa Brief: Angola first daughter to enter grocery retail, Clover to milk opportunities in the rest of Africa and more …
Portugal’s biggest retailer Sonae plans to open five food hypermarkets in Angola, in partnership with Isabel dos Santos, the daughter of the country’s president, with the first scheduled for 2015, a company board member said last Thursday.
More than 4 500 Chinese had left Ghana since a crackdown on illegal mining began last month, with the illicit industry having drawn scores of Chinese to the country an official said on Friday Ghana Immigration Services spokesman Francis Palmdeti said that between June 1 and July 3, a total of 571 Chinese had been arrested or had voluntarily turned themselves over to immigration authorities in Ghana.
Although Africa’s aviation industry, which supported $67 billion (R662.6bn) in economic activity and 57 million jobs, was small by global standards, its potential to grow was “enormous”, with a billion people spread across 20 percent of the earth’s land mass. International Air Transport Association chief executive Tony Tyler said yesterday.He pointed out that hopes for African unity and integration depended on connectivity provided by air transport. Tyler said international passenger demand continued to grow in April, extending the positive trend that had been developing since late last year.
Illovo Sugar reported a 43% rise in headline earnings per share to 189.6c for the year ended March. Illovo delivered a record production of sugar cane from its own farms of 6.5-million tons, while independent fanners also did well. Between Illovo’s own farms and independent farmers, nearly 15-million tons of cane was crushed. And they’ve produced 14% more sugar from that cane than the year before with sugar production of 1.75-million tons.
Whilst Africa is often perceived as a mysterious, underdeveloped continent, it’s quickly becoming one of the most valuable emerging markets for infrastructure. In fact, infrastructure development – in the form of megacities – is one of the key strategic priorities for senior African leaders. What’s driving infrastructure development in Africa?
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.
The 2012 Africa Tax Academy took place in Nairobi, Kenya, from 9 to 11 July 2012, followed by a client breakfast with presentations by KPMG professionals from different jurisdictions on 12 July 2012.
Approximately 80 delegates attended the conference from countries such as Kenya, Nigeria, South Africa, Uganda, Rwanda, Sierra Leone, DRC, Malawi, Zambia, Botswana, Ghana, Tanzania, but also from Germany and Switzerland.
When compared with other continents, Africa is not as competitive as it could be in the global mining industry, as more global investment is flowing into South America and China, says global advisory firm KPMG mining in Africa services head Ian Kramer. However, the African mining industry continues to grow significantly in West Africa, as gold projects are being developed in Ghana, Mali, Côte d’Ivoire, Burkina Faso, Guinea and Mauritania.