Date Archives for October 2015
Staff, 8:55 am
Ethiopia’s Foreign Minister Dr. Tedros Adhanom told India-Africa Summit participants that his country has aimed to double up its road expansion to 200 thousand by the end of GTP II period in 2020. Delivering a speech on “Collaborating to Address Africa’s Infrastructure Needs” at the India-Africa Business Forum in New Delhi, Dr. Tedros said Ethiopia has been linked by highways with all its neighbors.
Staff, 8:31 am
The Overseas Private Investment Corporation (OPIC) has signed an agreement with SolarReserve and ACWA Power to support the development of solar power in South Africa. According to the agreement, OPIC is making a US$400mn commitment of debt financing to support the development of the Redstone Concentrating Solar Power (CSP) project in Northern Cape, South Africa.
Staff, 8:02 am
Every time another dry spell hits the region, farmers are forced to dig deeper to ensure a steady supply of the precious resource. One key problem is a lack of data, experts say. According to the Kenya Water Industry Association, not one of the country’s several water regulation agencies, including the Water Resources Management Authority, has reliable data that captures the distribution, quantity and quality of available groundwater.
Staff, 7:27 am
Nigeria’s telecoms regulator on Friday gave MTN Group two weeks to pay a $5.2 billion fine imposed on Africa’s biggest mobile phone company for failure to cut off millions of users with unregistered SIM cards. The Nigerian Communications Commission (NCC) imposed the penalty on Monday on MTN’s Nigeria unit, the group’s biggest market by subscribers, sending the phone operator’s stock tumbling by about 20 percent this week
Joe Kennedy, 8:00 pm
Bordering South Africa and Mozambique, Swaziland only occupies a small portion of Southern Africa that’s tinier than the state of Vermont. But don’t let its size fool you — the country has been occupied for thousands of years and has an intriguing history worth discovering. Here are 10 things you probably didn’t know about Swaziland.
Kevin Mwanza, 1:04 pm
South Africa has been abuzz with excitement since US coffee giant Starbucks announced that it will set up its first outlet in the sub-Saharan Africa in Johannesburg in 2016. But according to a research done by Taste Holdings, the company that owns the Starbucks franchise worldwide, it will not be selling its popular mugs of coffee at any cheaper price than what it sells in the US or the in European countries.
Dana Sanchez, 12:32 pm
It’s not just rhinos and elephants that are at risk of extinction. So are the birds that clean up after them. Poisonings are the main culprit. Vultures are deliberately targeted by poachers concerned that the birds of prey will alert authorities to dead animal carcasses. There are implications for human health. “The digestive tracts of vultures are so acidic that they destroy anthrax spores that would otherwise spread easily,” an expert said.
Kevin Mwanza, 12:13 pm
United Bank of Africa (UBA) became the fourth multinational company operating in Nigeria to be penalized by a regulator for non-compliance with the country’s new government rules. The Lagos-based bank that operated in 19 African countries has been fined 2.9 billion naira ($15 million) by the Central Bank of Nigeria for not remitting to the federal account 96.4 billion naira belonging to the Nigeria National Petroleum Corporation (NNPC)
Dana Sanchez, 10:32 am
The Stuttgart-based maker of high-end cars and trucks has just opened a new commercial-vehicle base for Middle East and North Africa in Dubai. More regional centers are planned including Southern Africa. Daimler is one of a consortium that agreed to buy Nokia’s Here digital maps division, an indication the automaker is interested in automated cars.
James Bainbridge, 10:07 am
Beyond the medina walls of Morocco’s big cities, there lies an altogether more relaxing side of the country – one where Berbers sip mint tea at cafes with views of the Atlas Mountains, turban-wrapped nomads lead their camels into the desert, and country life continues at a slow pace. Morocco’s small towns are the best places to slow to the rural rhythm of North Africa and get under the skin of this fascinating nation.
- Real Estate