Business: Latest News
Makula Dunbar, 9:31 am
The Africa Finance Corporation (AFC) has disclosed plans to invest over $250 million in the power sectors in Nigeria, Ghana and Kenya. The corporation also said it would also accelerate the investment of another $1billion in additional in sub-Saharan Africa energy projects.
Makula Dunbar, 9:10 am
Kenya and Singapore have a common history: They were both declared independent from Britain in 1963. But that is as far as their similarities can go. Today, there is a gaping difference between the two countries. The Southeast Asian island city-state was faced with a rapidly growing, poor and uneducated population living in slums.
Ann Brown, 11:04 am
Is it more difficult to find investors for businesses in Africa than the U.S.? Nigerian entrepreneur Ndubuisi Ekekwe says: “I do not focus on the difficulty; rather, I spend my time on the idea. If you have great ideas, you can easily get funding in Africa or the U.S. Investors are always attracted to great returns.”
Barbara Bean-Mellinger, 5:26 pm
From African Business Journal. The Kenyan government proposed repealing a mining law that requires foreign mining companies to give 35 percent of their projects to local shareholders. The 35 percent law was introduced in October to help maximize benefits Kenya reaps from the mining sector. However, it has caused major concern among foreign-owned companies already […]
Dana Sanchez, 5:18 pm
The Ghanian government said it plans to pursue an “aggressive promotion of Ghana and repackaging of the diverse tourism products for higher international and domestic patronage.”
Dana Sanchez, 4:18 pm
The National Union of Mineworkers demands a 13 percent wage increase, while the company has offered 6 percent, according to the union. Workers are also seeking more leave.
Dana Sanchez, 3:45 pm
Hero MotorCorp.’s entry into Africa follows its May launch in Guatemala, El Salvador and Honduras. Its other international markets include Sri Lanka, Bangladesh, Nepal and Colombia.
Dana Sanchez, 2:36 pm
Chevron South Africa’s 96,000-square-foot building in Century City, Cape Town, achieved a five star green star design rating. This indicates a shift in mindset towards green business practices from one of the leading refiners and marketers of petroleum products in South Africa, according to a report.
Barbara Bean-Mellinger, 2:03 pm
Partnering with existing businesses made Mahindra’s entry into some new African markets quicker and easier, according to a report. Mahindra operates in 30 African countries with automotive in 25.
Makula Dunbar, 1:27 pm
Minister of Tourism and Arts Sylvia Masebo has called on Mozambican investors to consider investing in Zambia’s various tourism sites dotted around the country.
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