March 11, 2010
Renaissance Capital launches South Africa operations, hires Clifford Sacks
Renaissance Capital, the emerging markets investment bank, announces today that Clifford Sacks will join as CEO South Africa and Head of Pan-African Equities and will lead the Firm’s expansion into the continent’s largest economy. Sacks joins from Merrill Lynch, where he was Co-CEO South Africa and Sub-Saharan Africa.
The South Africa operation will act as a [...]
By Staff Writer | 
| 1 Recommendations
February 25, 2010
Opportunity to process fruit for guaranteed local market, Malawi
There is an opportunity to establish a fruit juice concentrate processing plant to cut back on imports that currently form the bulk of juices sold in Malawi.
Malawi’s excellent climate favours the growing of a wide range of fruits including pineapples, tangerines, mangoes, bananas and avocados. However, there is limited fruit concentrate processing, leaving large volumes [...]
By Staff Writer | | 0 Recommendations
February 25, 2010
New Offshore Oil Discovery in Angola
Petrobras, this week announced two new oil discoveries made in Block 15/06, in deep Angolan waters. The Company holds 5% stakes in Block 15/06 and Eni is the operator, holding 35% of the working interest in it.
The wells Nzanza-1 and Cinguvu-1 are located around 350 km northwest of Luanda, in a water depth of some [...]
By Staff Writer | 2 | 0 Recommendations
February 22, 2010
IFC Launched its Business Edge Management Training System in Cameroon
IFC, a member of the World Bank Group, on Feb. 18 launched its Business Edge management training system in Cameroon, increasing its support for entrepreneurs and small and medium sized businesses in the country.Business Edge is an interactive learning program that offers skills training to help managers increase their knowledge and run more efficient businesses. [...]
By Staff Writer | | 0 Recommendations
February 21, 2010
Barrick Gold will Spin Off its Africa Operations through IPO
Barrick Gold, a Canadian Mining company announced on Friday the creation of African Barrick Gold, a new company whose equity it will list with the United Kingdom Listing Authority and to admit to trading on the London Stock Exchange, subject to market conditions. ABG also intends to seek a future listing on the Dar es Salaam [...]
By Staff Writer | 1 | 0 Recommendations
February 17, 2010
iHub Gives Kenya a Boost in Race for ‘Africa’s Silicon Alley’ Title
Ask any Africa Investment Professional which industries have the potential to accelerate Africa’s growth into middle class economies and you’ll hear Information Communications Technologies (ICT), across the board. The industry not only has a seemingly endless shelf life, but it has great potential to create middle class jobs, spur foreign investment, and improve the quality [...]
By Staff Writer | 2 | 0 Recommendations
February 9, 2010
Google Africa Awards PR Contract to Africapractice
Africapractice will handle Google’s PR in Kenya, Uganda, Nigeria, Ghana, Senegal and South Africa. The assignment comes as Google attempts to deepen its product penetration into Africa, promote online access, and educate audiences about the internet.
The Google Africa account will be managed locally by teams in the six countries, with strategic direction from South Africa [...]
By Staff Writer | 1 | 0 Recommendations
February 9, 2010
KenGen Awards Contract Valued at $1.3 Billion to a New Zealand Based Company
Kenya Electricity Generating Company (KenGen) has awarded a contract valued at $1.3 billion to Sinclair, Knight, Merz (SKM) Ltd., a New Zealand based firm. The project, a 280-megawatt geothermal power plant is Kenya’s biggest geothermal power project to date.
Financing for the three year project is provided by multiple donors including the Government of Kenya, Japan [...]
By Staff Writer | | 0 Recommendations
February 5, 2010
Africa ICT Trends and Countries to Watch in 2010
It’s that time of the year when any expert worth their salt makes some predictions for the New Year. I too couldn’t resist a peek into my crystal ball and here I share what I believe will be the major ICT trends and some of the countries to watch this year. In general, 2010 promises [...]
By Alex Twinomugisha | | 0 Recommendations
February 4, 2010
Yingli Green Energy Becomes First Chinese Company to Sponsor 2010 FIFA World Cup
A Chinese renewable energy company, Yingli Green Energy, has joined the list of 2010 FIFA World Cup sponsors.
In a statement released jointly with world football’s governing body, FIFA, the company said it was the first Chinese company to seal a global sponsorship deal with FIFA.
The announcement was made today at the Yingli [...]
By Staff Writer | 1 | 0 Recommendations
