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KenGen seeks advisor to secure funds for 140MW geothermal plant
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| Kenya's main electricity producer KenGen is looking for an adviser to help it secure financing for the development of a 140 megawatt (MW) geothermal plant, it said on Tuesday.The company, 70 percent owned by the government, has installed capacity of Read More... |
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Etisalat to sell W Africa business for $650mn
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| Etisalat, which is set to buy a majority stake in Maroc Telecom, has agreed to sell its West African business to the Moroccan firm for $650mn to tap its expertise in that region.The deal will enable the United Arab Emirates telecom operator to offloaRead More... |
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PPC seeks more Africa projects to boost cement capacity by 75%
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| PPC, South Africa’s largest cement maker, plans to boost production capacity by as much as 75% as it targets more projects across the continent.
“The pipeline for at least one or two more projects is very healthy at the moment,” chRead More... |
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JSE stocks up as African Bank rebounds
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| South African stocks edged up on Monday, recovering from losses in the previous session as shares of unsecured lender African Bank Investments climbed more than 5 percent from a decade low.The bank, commonly known as Abil, added 5.3 percent to 8.9 raRead More... |
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JSE stocks rise as platinum stocks shine
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| South African stocks inched higher on Wednesday after long-suffering platinum producers such as Anglo American Platinum recovered on hopes court-mediated talks may end a bruising industry strike.Transport and heavy equipment group Barloworld was dragRead More... |
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Africa has work cut out before it adopts common currency
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| AFRICAN governments should forge closer co-ordination of government budgets and financial systems before considering the introduction of a common currency, African Development Bank chief economist Mthuli Ncube said on Wednesday."To get a single curreRead More... |
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South Africa's Telkom Buys Business Connexion to Boost Offering
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| Telkom SA SOC Ltd. (TKG) agreed to acquire Business Connexion Group Ltd. (BCX) as South Africa’s largest fixed-line phone company plans to boost its cloud-based offerings of information and communication technology services.Telkom, based in PreRead More... |
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South Africa Climbs Business Tourism Rankings
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| South Africa has climbed from 37th to 34th in the International Congress and Convention Associations' (ICCA's) latest ranking of business tourism destinations worldwide, with Cape Town and Durban being rated Africa's top two cities for meetings and eRead More... |
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Indian trade to grow in Africa
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A report out this week suggests India will quadruple revenues from Africa by 2025.With weak demand for Indian goods in traditional markets such as Europe and the US, Africa is already proving to be increasinglyRead More... |
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Kenya's economy projected to expand by 5.5pc this year
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| Citibank expects Kenyan economy to grow by 5.5 per cent this year supported by growth in the manufacturing and services sector. This is compared to a growth rate of 4.7 per cent last year. But the Government’s plan to revise its calculations ofRead More... |
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Brazilian bank joins Africa finance, investment forum
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| “This is significant, as the presence of BNDES will ensure discussions and partnerships at the South-South level which in today’s economy has become a growing trend,” explains Ines Bastos, Senior Programme Manager at EMRC and Read More... |
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South Africa: Business' Commitment to NDP Welcomed
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| The government has welcomed Business Unity South Africa's (Busa's) post-election pledge to support the implementation of the National Development Plan (NDP).The NDP is the country's 30-year growth and development framework for growing the economy whiRead More... |
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Africa needs new generation of marketing professionals to build African business
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| Emerging markets measurements have outperformed major developed world indices so far this year, according to leading investment research firm, FE Analytics. Based on their assessments from the start of 2014, they say Standard & Poor's 500 and theRead More... |
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Growing green skills and jobs in South Africa
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| IT IS STILL early days for South Africa’s green economy, but clears signs are evident of the overall commitment to shift our business-as-usual economy towards a low-carbon, resource efficient, resilient and inclusive sustainable economy.This trRead More... |
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Business can transform nutrition in Africa
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| With proper support from business, the agricultural system in Tanzania can provide more nutritious, healthy food for people living in rural areas. This is the verdict of a new roadmap produced by businesses, government, civil society, academics and dRead More... |
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