News

Is Sub-Saharan Africa ready for business? - Al-Arabiya

Wed, 05/09/2018 - 22:40

Al-Arabiya

Is Sub-Saharan Africa ready for business?
Al-Arabiya
At the end of the Cold war only three countries in Africa out of 53 were democracies: by 2013 only four did not have multiparty Constitutions. Despite this, the list of persistent threats as presented by Johan Kruger, Head of the Transnational ...

Turkish business world looks to expand its presence in Africa - Daily Sabah

Wed, 05/09/2018 - 22:15

Daily Sabah

Turkish business world looks to expand its presence in Africa
Daily Sabah
Turkey continues to show determination to increase its positive engagement in the African continent and strengthen economic and strategic ties within the scope of the official "Opening to Africa" policy. Initiated by the President Recep Tayyip Erdoğan ...

OPINION: Reform of economy is vital for South Africa - Independent Online

Wed, 05/09/2018 - 14:31

Independent Online

OPINION: Reform of economy is vital for South Africa
Independent Online
JOHANNESBURG - What could professional accountants expect from their corporate clients and employers over the next 12 months or so? According to a recent report by accounting firm PwC, the outlook for economic growth among the chief executives surveyed ...

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South Africa will struggle to close revenue gap - Treasury - Independent Online

Wed, 05/09/2018 - 13:32

Independent Online

South Africa will struggle to close revenue gap - Treasury
Independent Online
JOHANNESBURG - South Africa will struggle to raise the tax revenues needed to reduce a budget deficit and support fragile economic growth due to ongoing problems in tax administration, the National Treasury's Director General Dondo Mogajane said on ...
South African Airways requires Sh40bn bailout to stay afloatBusiness Daily (press release) (blog)

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The challenges of a single stock market for Central Africa [Business Segment] - africanews

Wed, 05/09/2018 - 12:04

africanews

The challenges of a single stock market for Central Africa [Business Segment]
africanews
Finally, in October 31 last year in Ndjamena at an extraordinary summit of the CEMAC heads of state, it was decided that the two stock markets that is Libreville and Douala should merge into one great market place for the sub-region together with the ...

Aspen opens $80mn manufacturing facility in South Africa - African Business Chief

Wed, 05/09/2018 - 11:31

African Business Chief

Aspen opens $80mn manufacturing facility in South Africa
African Business Chief
The South African pharmaceutical firm, Aspen Pharmacare, has opened a new high-containment facility, located in Port Elizabeth, in the south coast of the nation. The Johannesburg Stock Exchange-listed company has invested R1bn (US$80mn) into the site ...

South Africa's business confidence index falls again in April - Reuters Africa

Wed, 05/09/2018 - 11:04

Reuters Africa

South Africa's business confidence index falls again in April
Reuters Africa
The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) fell to 96.0 in April from 97.6 in March, the chamber said in the statement. Business confidence hit a 2-1/2 year high in January after Cyril Ramaphosa ...
S. African Business Confidence Drops to Pre-Ramaphosa Levels ...BloombergQuint

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Turkish business body aims to be 'active' in Africa - Anadolu Agency

Wed, 05/09/2018 - 10:54

Anadolu Agency

Turkish business body aims to be 'active' in Africa
Anadolu Agency
"We aim to be active in 30 African countries by the end of this year," Kaan said at the opening ceremony of two-day Turkey-Africa Economic Forum in the central Turkish province of Konya. He added MUSIAD was in negotiations to open representation ...

South Africa's business confidence index falls again in April | News ... - Reuters Africa

Wed, 05/09/2018 - 10:43

South Africa's business confidence index falls again in April | News ...
Reuters Africa
South Africa's businessconfidence fell for third month in a row in April impacted bylower merchandise export volumes and new vehicle sales as wellas a weaker rand currency, a survey showed on Wednesday.

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Gauteng to host crucial Africa Investment Forum - Independent Online

Wed, 05/09/2018 - 10:01

Independent Online

Gauteng to host crucial Africa Investment Forum
Independent Online
The AfDB said it wanted to catalyse private-sector investment in Africa by bringing in developers, strategic investors, venture capital funds, pension funds, global sovereign wealth funds, and insurance companies to invest in the continent. It said it ...
Adesina calls for 'business unusual' through Africa Investment ForumAfrica Times
AfDB leads effort to industrialize AfricaBusinessGhana
South Africa set to host Africa Investment Forum 2018New Business Ethiopia

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On a quest to expand across Africa and the world - Independent Online

Wed, 05/09/2018 - 07:30

Independent Online

On a quest to expand across Africa and the world
Independent Online
... in Africa 2017 by Africa Investor during a recent event held at Nasdaq in New York. “Although this is something that we knew we could win, an award of this nature is recognition of the amazing work that each and every one of our teams is doing each ...

5 important things happening in South Africa today - BusinessTech

Wed, 05/09/2018 - 05:52

BusinessTech

5 important things happening in South Africa today
BusinessTech
US president Donald Trump announced that he would be pulling out of a deal involving Iran's nuclear programme, and is said to be stepping up sanctions against the nation. The net effect of this is still to be seen, but the oil markets are expected to ...

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Al Qaeda branch threatens attacks on Western companies in Africa - Business Insider

Wed, 05/09/2018 - 00:35

Al Qaeda branch threatens attacks on Western companies in Africa
Business Insider
NOUAKCHOTT (Reuters) - An al Qaeda affiliate threatened attacks on Western companies' operations across North and West Africa on Tuesday, calling them "legitimate targets" and urging Muslims to boycott them. Al Qaeda in the Islamic Maghreb (AQIM) has ...

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AngloGold zeroes in on rest of Africa - Business Day

Tue, 05/08/2018 - 22:11

Business Day

AngloGold zeroes in on rest of Africa
Business Day
The companies have moved away from SA's deep-level, expensive, labour-intensive and dangerous mines to shallower, more mechanised operations in other countries. Africa outside SA has become the largest source of gold for AngloGold. The company intends ...

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IMF says Nigeria and SA weigh on Africa's growth - Business Day

Tue, 05/08/2018 - 22:02

Business Day

IMF says Nigeria and SA weigh on Africa's growth
Business Day
Earlier in 2018, the South African Revenue Service announced that it had come slightly under Treasury's revenue target for 2017-18, citing record low tax-compliance levels and lack of growth. “We think the country faces a significant fiscal struggle ...

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Logistics without borders will boost trade in Africa - Business Daily (press release) (blog)

Tue, 05/08/2018 - 20:48

Business Daily (press release) (blog)

Logistics without borders will boost trade in Africa
Business Daily (press release) (blog)
Though transport by sea in Africa accounts for 90 per cent of trade, more than any other region, poor infrastructure, challenges associated with piracy has continued to stifle smooth operations and come with additional security costs which are passed ...

Africa Roundup: Safaricom unveils Bonga, Africa's Talking gets $8.6M, TechCrunch visits Nigeria, Ghana - TechCrunch

Tue, 05/08/2018 - 20:31

TechCrunch

Africa Roundup: Safaricom unveils Bonga, Africa's Talking gets $8.6M, TechCrunch visits Nigeria, Ghana
TechCrunch
Africa's Talking works with developers to create solution focused APIs across SMS, voice, payment, and airtime services. The company has a network of 20,000 software developers and 1000 clients including solar power venture M-Kopa and financial ...

Google News

Trump's decision on Iran could have massive implications for South Africa - Times LIVE

Tue, 05/08/2018 - 19:59

Times LIVE

Trump's decision on Iran could have massive implications for South Africa
Times LIVE
Trump on Tuesday announced his decision to withdraw from the widely-praised deal‚ and also announced that the highest level of sanctions would be imposed on Iran. He added that any country which continued to support Iran also risked sanctions being ...
How Trump's decision on Iran could impact South AfricaBusiness Day

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Africa Business Group: Africa's Agriculture future bright - Kenya Broadcasting Corporation

Tue, 05/08/2018 - 16:13

Kenya Broadcasting Corporation

Africa Business Group: Africa's Agriculture future bright
Kenya Broadcasting Corporation
The Africa Business Group CEO, called for use of such instruments as food output targets, import substitution targets, agriculture contribution to Gross Domestic Product (GDP) targets, innovation targets, to make our own processing machinery, adoption ...

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Toshiba pushing geothermal business through several cooperations in East Africa - ThinkGeoEnergy

Tue, 05/08/2018 - 15:43

ThinkGeoEnergy

Toshiba pushing geothermal business through several cooperations in East Africa
ThinkGeoEnergy
As reported last week, Toshiba has recently signed a partnership agreement with a French construction firm in East Africa. Now several other similar agreements come to light. Among them is a new general cooperation agreement with RentCo East Africa Ltd ...

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