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Indian bank promotes African investments
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| SOUTH Africa is among 15 African economies identified by the Export-Import Bank of India (Exim Bank) as an alluring investment and export destination, says the bank’s executive director David Rasquinha.The economies have been singled out by ExiRead More... |
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India wants early trade pact with African nations
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| India has pitched for early conclusion of the preferential trade pact with African nations, which is expected to help enhance business ties between India and minerals rich countries of the continent. Commerce and industry minister Anand Sharma urged Read More... |
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Africa calls for more investment from India
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| African officials called for more investment from India as the continent is looking at rapid industrialisation for development, Xinhua reported.Speaking at the third Africa-India trade ministers meeting, African Union chairperson Nkosazana Dlamini-ZuRead More... |
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Indian airlines will soon resume flights to Africa: Union Commerce Minister
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| Airlines from India will soon resume their operations to Africa, said Anand Sharma, Minister for Commerce & Industry, Government of India, said at the 2nd India-Africa Business Council (IABC) in Johannesburg, South Africa. Air connectivity and viRead More... |
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Huge potential in China-Africa insurance business
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| With an ageing population, the number of retired people is expected to exceed 200 million by 2020. There’s much need for more life, property & casualty insurance products. This is also opening a door for more investment opportunities betweeRead More... |
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Microsoft appoints Kenya Country Manager
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| Microsoft Kenya has appointed Kunle Awosika as its new Country Manager, to steer the business to the next phase of expansion as Microsoft’s global focus shifts to devices and services.Awosika will run the Kenyan office with the primary focus ofRead More... |
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Kenya to diversity exports to Egypt
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| The Exports Promotion Council (EPC) now plans to diversify the country’s exports to Egypt in order to increase trade and investment in both countries.Exports Promotion Council Director Bramwell Simiyu says Egypt is a medium sized economy and thRead More... |
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OVL to bid for seven blocks in Tanzania
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| ONGC Videsh Limited (OVL) will take part in the bidding process for seven oil and gas blocks that are being put up for auctioning next month in Dare-e-Salaam. It would also look at partnering Tanzania Petroleum Development Corporation (TPDC) for two Read More... |
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Scania Tanzania Targets 70 Per Cent Business Growth
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| SCANIA Tanzania Ltd has plans to expand its business, targeting about 70 per cent business growth from the current annual sales of 150 to 250 units in the next five years.The company's Managing Director, Mr Anders Friberg, said in Dar es Salaam that Read More... |
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Enhancing tax revenue may erode Africa's attractiveness
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| DEPUTY Finance Minister Nhlanhla Nene said during the budget vote speech in Parliament that South Africa has its fair share of multinational companies that make billions of rand in revenue but pay almost no tax.This has led to feverish efforts by theRead More... |
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Enticing Investors At the Stock Exchange With Business Opportunities in Africa
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| Global investors are being enticed by bountiful opportunities to do business in Africa, as the continent arises. The Chairperson of African Union Commission (AUC), H.E. Dr. Nkosazana Dlamini Zuma, joined Uganda's President, Yoweri Museveni, South SudRead More... |
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Top CEOs from India and Africa to meet at India Africa Business Council Meeting in Johannesberg
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| At a time when India and Africa are scripting a vigorous chapter of economic engagement, top CEOs from India and Africa are meeting on 1st October, 2013 in Johannesburg under the umbrella of India Africa Business Council (IABC) to draw up a blue prinRead More... |
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Kempinski plans to expand its African operations
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| EUROPE’s oldest luxury hotel group, Kempinski Hotels, on Thursday announced plans to expand its portfolio of hotels in Africa.The group is one of many in hospitality turning their attention to the rest of Africa‚ as economic growth boostsRead More... |
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Oil company Tullow makes new discovery in Kenya
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| Exploration firm Tullow Oil has announced the new discovery of oil in Kenya.The find is the fourth consecutive wildcat discovery, through exploratory drilling, since 2012.It was made at the Ekales-1 wildcat, located in Block 13T in Northern Kenya. TuRead More... |
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Zain To Expand Business In North Africa
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| Kuwaiti mobile telecommunication Company, Zain, says it is ready to expand business in the Northern African region with peculiar interest in launching into Tunisia, and a possible third telecom license in Libya.Zain is also reviewing acquisition optiRead More... |
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