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Telecoms: Dark Fibre Africa raises R3.5bn
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| Dark Fibre Africa had entered into a refinancing agreement with a syndicate of lenders to source R3.5 billion of corporate debt facilities to replace project finance funding and invest in new infrastructure in order to meet the growing demand for fibRead More... |
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Rothschild fund raises $530 million to invest in Africa
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| Swiss private banking group Edmond de Rothschild has raised $530 million for its first Africa-focused fund, the Financial Times reported on Sunday.The fund, which will focus on making deals in Africa, will be managed by Amethis Finance - a company maRead More... |
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Africa offers many opportunities for S'pore businesses
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| Agribusiness and oil and gas are two key growth areas Singapore firms have yet to fully realise in Africa.And trade agency IE Singapore wants more businesses to look to the continent for opportunities beyond the traditional emerging regional markets.Read More... |
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ICICI Bank To Open Branches In China And South Africa
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| ICICI Bank, India's top private sector bank, will open its branches in China and South Africa. It already has representative offices in these countries and has obtained regulatory approvals to convert them into branches, said ICICI Bank's managing diRead More... |
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South Africa education gets e-learning digital makeover
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| Such digital technologies offer the potential to tackle some of the continent's chronic education challenges, including overcrowded classrooms, teacher shortages and the 30 million children in sub-Saharan Africa without any education at all.As AfricaRead More... |
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Africa's mobile boom powers innovation economy
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| "It's the best kind of innovation - the problem-solving innovation born out of necessity," says Toby Shapshak, editor and publisher of the South African version of Stuff magazine says.As Technology of Business embarks on a month-long series of featurRead More... |
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Ease of Doing Business in the East and Southern Africa
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| Between June 30th and July 2nd the annual Conference "Ease of Doing Business Initiative - EDBI", was held in Maputo, Mozambique. This initiative was created in 2010 by Eastern and Southern Africa countries in partnership with the World Bank Group, wiRead More... |
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MTN Launches Business Directory Services App
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| African telecommunication giant, MTN has launched the MTN Business Directory Services app that helps entrepreneurs place their business on a map. This will provide adequate visibility for small business owners in Africa.The Business Directory ServiceRead More... |
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Nortel settlement near for EU, Middle East, Africa
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| A settlement over how to divide up a portion of the $7.3 billion US made from the sale of certain Nortel Networks assets may be nearing completion.
Two sources familiar with the negotiations said Monday that lawyers for the former technology giant'sRead More... |
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South Africa's business confidence index rises to 89.7 in June
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| South Africa's business confidence remained subdued in June due to labour unrest which has hurt an already fragile economy, a survey by the South African Chamber of Commerce and Industry showed on Tuesday.The SACCI business confidence index edged up Read More... |
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Small businesses urged to improve product packaging to attract buyers
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| Industrialisation Secretary at the Ministry of Industrialisation and Enterprise Development, Julius Korir noted that the enterprises use poor packaging technologies and methods, which do not give a good impression of the products in the markets.
&ldRead More... |
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CBK floats new currency printing tender
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| The Central Bank of Kenya ( CBK) has floated an international tender for printing of paper money (banknotes). The tender closes on July 8 and is open to eligible bidders and joint ventures. According to tender documents posted on its website, the appRead More... |
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Flame Tree Group of Mauritius to List 15% Stake on Kenyan Bourse
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| Flame Tree Group, a Mauritian manufacturer of water tanks and cosmetics, will list 15 percent of its shares on the Nairobi Securities Exchange ahead of a potential rights issue within the next two years.
“We intend to list in the final quarterRead More... |
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Kenya to mobilize funds for industrialization
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| Planning Cabinet Secretary Ann Waiguru told journalists in Nairobi that this will help to bridge the financing gap that is currently constraining industrialization in the country."The government intends to establish an Industrial Development Fund forRead More... |
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Kenyan counties seek to drive industrial growth
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| At least 2,350 acres of land will be set aside in all the counties for the establishment of industrial development and promotion of the informal sector. The Council of Governors chairman Isaac Ruto, has said that each county government will allocate Read More... |
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