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BMW Invests 2.2 Billion Rand for Operations in South Africa
<a href=”http://www.linkcub.com/”>LinkCub.com</a> German luxury carmaker BMW is investing around ZAR2.2 billion to increase production at its manufacturing facility in Rosslyn, South Africa.
The company reportedly plans to increase annual production at its Rosslyn plant by 45% from 60,000 units to 87,000 units. The Rosslyn plant currently produces the BMW 3 series models.
The finalization of the investment follows [...]
Rwanda is the World’s Top Business Reformer
Rwanda is the first sub-Saharan African economy to lead the world in business reforms, according to a recent report by The Doing Business Project. The annual report is published by the International Finance Corporation (IFC).
The country has seen steady improvement in its commercial laws and institutions over the last 8 years. In 2008 it introduced [...]
Privatization of Nigeria’s State Telecoms Company NITEL Underway
According to Reuters, there are now 13 investors interested in the purchase of at least 75% of Nitel, the state telecoms company which has been undergoing this privatization process for several years.
The Bureau for Public Enterprises (BPE) is evaluating both local and international bids from as far away as Spain and India.
Nigeria is a [...]
U.S. Congressional Delegation Begins Four Nation Africa Trade Mission
Congressman Bobby Rush (D-IL) who we interviewed recently, will lead a congressional delegation to Africa on a four-nation tour aimed at increasing trade, commerce and investment in Africa and strengthening U.S.- Africa business relationships with American exporters and minority- and women-owned enterprises.
Rush, chairman of the Subcommittee on Commerce, Trade and Consumer Protection on Energy and [...]
Hillary Clinton’s 7 Country Africa Tour
The Obama Administration is sending strong signals to African stakeholders that it will engage Africa and African Governments with more fervor than ever before and as equal partners.
In a briefing today, Ambassador Johnnie Carson, who is the Administration’s lead man on Africa policy, said “I hope the United States is not lecturing anyone but in [...]
The official Durban 2010 website was launched recently in both English and Zulu. The site was launched by Julie-May Ellingson, head of Durban’s Strategic Projects Unit.
Commenting on this user-friendly, interactive website, Ellingson said: “Durban’s cultural diversity has created a rich cosmopolitan society of world-class African uniqueness, which is echoed in its personality. The new Durban [...]
