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Africa's Booming Funerals Business
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| From fish-shaped coffins to slaughtered bulls, funerals in Africa are lavish affairs, providing a lucrative opportunity for insurance companies looking for business in some of the world's fastest growing economies.Many of the insurance industry's bigRead More... |
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Asco eyes major contracts in Africa and Alaska
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| OILFIELD services firm Asco is on the verge of unveiling major contracts in Africa and Alaska as the Aberdeen-based outfit continues its global expansion.
The company, which Doughty Hanson bought from fellow private equity player Phoenix in Read More... |
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Johannesburg tops African millionaires list
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| Johannesburg, the commercial capital of South Africa, is home to far more dollar millionaires than any other city in Africa, research has found.The "city of gold" topped the continent's rich list with 23,400 millionaires at the end of 2012, accordingRead More... |
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Obama Africa energy project seen as small first step
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| During his June African trip, President Obama announced a $7 billion American investment in energy projects in sub-Saharan Africa, but critics say that is not enough if the U.S. wants to be a real player in the region's energy future.Obama said the pRead More... |
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myOffice rapid growth expands to Africa
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| Following a 2 year stable growth and with 120% full business space occupancy and after the announcement of their new facility in the Dubai Marina only 2 weeks ago, myOffice are now setting up operations in the heart of Nairobi, Kenya.The new state ofRead More... |
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Kenya acts to get a bigger share of mineral resources
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| Kenya has unexpectedly increased royalties on minerals produced in the east African country and revoked certain mining licences to get a bigger share of earnings from its mining sector.The new measures, which came as a surprise to mining companies inRead More... |
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Mantra's Uranium Mining Project to boost Tanzanian Economy
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| Mantra Tanzania’s Mkuju River Project (MRP), a new uranium mining project in the country’s Namtumbo District, Ruvuma Region, is set to create 1,600 jobs while attracting foreign direct investment (FDI) totaling US$ 1bn over its lifetime, Read More... |
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TVS Motor bets big on Uganda, Kenya
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| Two- and three-wheeler-maker TVS Motor Company Ltd Friday said it plans to set up an assembly line in Uganda in six months time and also launch two new motorcycle models in the East African nation to capture 25 percent market share in a year's time."Read More... |
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Maruti Suzuki may set up plant in South Africa
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| The country’s largest passenger car manufacturer Maruti Suzuki India Ltd (MSIL) is all set to follow Tata Motors, Mahindra & Mahindra and Hero MotoCorp to Africa, by setting up a manufacturing facility there.Company sources told Business LiRead More... |
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Brazilian entrepreneurs ready to invest in Kenya
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| Leading Brazilian businessmen met President Uhuru Kenyatta on Tuesday and unveiled plans to invest in the country.The businessmen, representing multi-billion dollar operations, included oil and gas company Queiroz Galvao, aerospace conglomerate EmbraRead More... |
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Kenyan businesses rated second best in Africa
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| Kenyan businesses have been rated second-best in Africa — after South Africa — at involving low-income communities in efforts to boost economic growth and sustainable development.A report compiled by the United Nations Development ProgramRead More... |
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Kenya hits mark for commercial oil production
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| Kenya is finally set to join the league of oil producing nations after British explorer Tullow Oil Plc said it had surpassed the threshold needed for commercial exploitation of reserves in Turkana.The announcement contained in Tullow’s results Read More... |
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Tanzania cheapest for mobile broadband in Africa
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| According to a report released by Research ICT Africa, Tanzania is the number one African country when it comes to broadband affordability packages.For 5GB of surfing data, Tanzanians averagely pay US$13.30 on prepaid and US$18.77 for ADSL.South AfriRead More... |
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Local Insurance For Oil Firms In Tanzania
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| Tanzaniainvest reports that the government may include a clause for gas companies operating in the country to be insured by local insurance firms, in the upcoming energy bill.
“This should ensure a greater benefit of the up and coming Read More... |
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Government may require oil, gas businesses to insure locally
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| THE government has been advised to ensure the energy policy being formulated contains a clause that demands oil and gas businesses to be insured by firms registered in Tanzania. The Commissioner of Insurance, Mr Israel Kamuzora, told the 'Daily Read More... |
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