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Africa dollar millionaires forecast to double
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| Millionaires in Nigeria, Africa’s biggest oil producer, will rise 174% to 43,000 from 15,700 this year, the UK-based company said, after using a sample of high-net-worth individuals and World Bank data to compile a report.The continent’s Read More... |
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Eversheds Expands With African Firms: Business of Law
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| Eversheds LLP is expanding in Africa by combining with law firms based in South Africa and Tunisia.Mahons Attorneys in South Africa will rebrand with the Eversheds name in 2014, giving the firm offices in Johannesburg, Cape Town and Port Louis in MauRead More... |
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SA energy success story can spark a chain reaction across Africa
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| Current developments in South Africa’s energy sector, particularly in renewable energy, are galvanizing potential investors and sending powerful signals to other African nations seeking to attract energy investment.
There is no doubting the suRead More... |
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Kenya looking to Big Data, Cloud to stay ahead
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| Recent research conducted by IDG Connect suggests that there is a definite move towards big data projects in Kenya and Nigeria. According to this research, 64% of respondents are at planning, pilot scheme or live stage of Projects. It is indicative oRead More... |
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WB head urges S. Korean firms to tap Africa
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| World Bank Group President Jim Yong Kim said Tuesday South Korean companies should set their sights on developing countries in Africa for new business opportunities as well as for shared growth.Kim, who is on his second visit to South Korea since takRead More... |
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Top trends for private equity in East Africa
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| Penetration and fundraising for Africa-focused funds is continuing to grow rapidly in sub-Saharan Africa. The focus is turning more towards regional hubs like East Africa, which is becoming increasingly attractive. Kenya, as the region’s Read More... |
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Multibillion dollar Beira oil pipeline to Botswana
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| Mining Oil and Gas Services (MOGS), a South African-based company, intends to construct a multibillion-dollar fuel pipeline linking Mozambique (from Beira) and three Southern African countries through Zimbabwe including Botswana. This was recently reRead More... |
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Kenya launches new railway to reach South Sudan and Burundi
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| The first section will link the Kenyan port of Mombasa to the capital, Nairobi, reducing the journey time from 15 hours to about four.It is said to be the country's biggest infrastructure project since independence 50 years ago.The cost of the railwaRead More... |
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RMA taps into Kenya's growing new car market
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| Vehicle sales in Africa have risen significantly in the last few years, following growing demand among the continent’s burgeoning middle class that are trading up public transport and jalopies for new personal cars. Competition is rife in the aRead More... |
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Kenyan equity firm to offer Sh3b in support of Rwandan complex
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| Kenya’s equity firm Fusion Capital will partner with Kigali Heights, a real estate development company, for a $34 million (Sh3 billion) shopping complex, both sides disclosed on yesterday. The project is located near the Kimihurura roundabout, Read More... |
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Indian banks ramp up presence in Africa
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| Indian commercial banks are expanding their footprint in Africa by being on the ground, working with consumers and businesses, and building two-way trade and investment.Historical ties, especially with East Africa, and growing bilateral trade are comRead More... |
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StartupBus Africa tour launches education business Sterio.Me
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| The first ever StartupBus Africa road trip has completed a 2,500km tour from Harare, Zimbabwe to Cape Town, South Africa and spawned a potential Africa-focused education business.The StartupBus initiative was first launched in 2010 with a US tour andRead More... |
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Mahama opens Ghana-South Africa business forum
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| President John Dramani Mahama Tuesday hosted a special Ghana–South Africa Business forum at the Labadi Beach Hotel with President Jacob Zuma of South Africa, with a charge on participants to network for development of their respective countriesRead More... |
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Invest in South Africa, double your money
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| "Those who invest in South Africa never go wrong, they double their investments. I give people the example of the Tatas," a minister from the country says.Little wonder then that South Africa is the focus country for the second successive year at theRead More... |
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Danish wind companies power up in Africa
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| Everywhere you go in Denmark, there are wind turbines slowly rotating away on top of tall towers, normally spread out in a line on the top of a hill, but also sometimes in the sea. Wind power is very big in Denmark, and, just as the country exports mRead More... |
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