Staff, 12:00 pm
From ABC News Algeria’s minister of energy said the country could boost oil production to compensate for the dramatic drop in oil prices. Algeria produces some 1.2 million barrels of oil a day, according to its OPEC quota, but the 50 percent drop in prices over the last few months has hurt the country. “Today […]
Staff, 11:00 am
From Daily Nation /Written By AGGREY MUTAMBO Angola formally opened its embassy in Nairobi a week after Kenya said it would start a diplomatic mission in Luanda. The move is part the provisions in three agreements the Kenyan government signed with Angola following President Uhuru Kenyatta’s visit to Luanda in June 2014. Angolan government officials […]
Staff, 10:00 am
From allAfrica Cabo Verde intends to establish with Angola a new time of favoring the business economic relations, said in Luanda, the minister of Foreign Affairs of the archipelago, Jorge Alberto da Silva Borges. The Cabo Verdean minister, who was speaking to Angop at Luanda’s “4 de Fevereiro” International Airport, said that this intention happen […]
Staff, 9:00 am
From Bloomberg / Written By Chris Kay United Bank for Africa Plc, the lender operating in 19 countries on the continent, plans to expand to Angola and South Africa as the economy of Nigeria, its largest market, is pummeled by falling crude oil prices. The lender will move to the southern African nations […]
Staff, 1:20 pm
Satellite imagery is getting cheaper and is being used increasingly to fact check claims that otherwise would be difficult to verify, IRIN reports. This was true in the destruction of the Northeastern Nigerian town of Baga and nearby villages earlier this month. Satellites provided graphic evidence of the extent of the crimes by the Islamist extremist group Boko Haram.
Staff, 1:11 pm
Communications and collaborations enabler for companies, customers and team management, Avaya, has announced plans to extensively expand its presence in Africa. The company has partnered with the Kenyan government and the private sector to roll out SmartEngage technology in the East African nation. According to a statement kiosk-like terminals will be deployed to enable companies and governments to remotely dispatch services such as renewal of licences.
Staff, 12:59 pm
When Paul Kavuma began approaching private companies in Africa a decade ago to suggest investing in their businesses and improving the way they were run, he was often shown the door. “They were offended, asking if I thought they were broke,” says the founder of Catalyst Principal Partners, an east Africa-focused fund manager. Even when, after hours of explaining the merits of private equity, Mr Kavuma changed business owners’ minds, many still struggled with the idea that within a few years he would sell the stake he had bought.
Staff, 12:47 pm
Burkina Faso will hold presidential and legislative elections on 11 October, interim president Michel Kafando announced on Thursday, put an ending to uncertainty over the political calendar. The decision came days after political parties, the interim government and the electoral commission put forward possible dates
Staff, 5:13 am
But the recent entry of low cost carriers (LCC) will probably rank as the most significant. Flying is still relatively expensive in the region. Yet easy transport is central to encouraging business and attracting new investment. On a positive note, investors see East Africa as a good bet. Fastjet Tanzania (in which easyjet founder businessman Sir Stelios Haji-Ioannou has an interest), is slowly making inroads
Staff, 5:01 am
Payments made using plastic cards dipped by a fifth in 11 months to November last year as mobile phone-based payments ate into commercial banks’ business. The latest Central Bank of Kenya (CBK) data shows that card payments plunged 18.2 per cent to Sh1.1 trillion as at the end of November, compared to Sh1.4 trillion a year earlier.