[Angola] The Integrated Centre for Technological Training to bridge unemployment gap with technical training programme
The Integrated Centre for Technological Training (Cinfotec) plans to train and certify over 3500 Angolans on technical skills as it seeks to bridge the unemployment gap.
Zimbabwe’s taxman, the Zimbabwe Revenue Authority (Zimra) is in the final stages of rolling out an electronic cargo tracking system, which is designed to monitor trucks transiting through Zimbabwe, as authorities heighten efforts to prevent dumping of foreign goods on the local market.
Commercial airline Proflight Zambia has announced it is launching four new domestic routes this year as it seeks to grow its revenue and tap into the growing demand for more routes by a burgeoning business and tourism clientele
PwC’s 20th annual survey of CEOs worldwide shows rise in confidence despite new risks and uncertainty
Just over one-third (33%) of South African CEOs are very confident of their company’s own growth in the next 12 months, 4 points down on last year, and 5 points below this year’s global average (38%).
South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents.
Approximately 33 per cent of CEOs in South Africa, representing a third of the country’s top business chiefs have expressed confidence of their company’s own growth in the next 12 months, 4 points down on last year, and 5 points below this year’s global average
Listed hospitality company Sunbird Tourism Limited has entered into a 10-year contract with African Parks Malawi for Thawale Tented Lodge and Mwembezi Restaurant in Majete Wildlife Reserve in Chikwawa.
Listed property development firm PrimeTime Property Holdings has expressed confidence in the Zambian market and reiterated it was excited about its latest acquisition in the country.
The first United Nations World Data Forum started yesterday in Cape Town, South Africa. The forum sees more than 1,500 data experts from more than 100 countries, with the goal of forming a broad consensus on how to harness the power of data for sustainable development.
Retail store SPAR Zimbabwe will this year open new stores and partner with independent retailers to grow the brand
In a bid to protect customers’ transactions, FNB Namibia has increased security technology. Security in the online banking space has two points where enhanced security is needed
The “Africa Rising” narrative is increasingly giving way to that of “Aspiring Africa”, as the Base of the Pyramid (BoP) shrinks and the new middle class burgeons, says Wim van der Beek, founder and managing partner of Goodwell Investments.
Probax, a cloud backup provider, has announced its expansion to Africa by making cloud storage available for local Managed Service Providers.
South Africa’s Minister of Energy Tina Joemat-Pettersson has appointed Christopher Forlee as CEO of the National Energy Regulator of South Africa (Nersa)
Horse racing and betting group Phumelela Gaming and Leisure has announced plans to raise $20.6 million through an offer of 16.3 million shares at $1.2 a share in a bid to finance its 50 percent stake in fixed odds sports betting operator, Supabets, the company said
Namibia’s largest commercial bank FNB Namibia is awaiting regulatory approval to acquire investment firm PointBreak and Ebank as it seeks to solidify its portfolio in the country.
Zambia has received $286 million for from the Indian government meant to improve infrastructure and decongest the capital Lusaka.
Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid for Chevron Corp. assets in South Africa.
Zimbabwe's second largest mobile-telecommunication company by subscribers, NetOne has appointed George Manyaya as its Public Relations and Special Projects Executive.
Zimbabwe’s largest bank CBZ Holdings has suspended the use of Visa cards for local transactions informed by the country’s crisis in handling cash shortage.
Budget airline Fastjet has decided to sell 28 percent stake to South African carrier Solenta. The low cost carrier would also raise at least $28.8 million through a share placement.
Postal and Telecommunications Regulatory Authority of Zimbabwe sets minimum charges for voice and data
Telecommunication regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has set floor prices for voice and data for bundled services including promotional packages.
The Savings and Credit Bank (BPC) has opened two new branches in Angola’s capital Luanda bringing its total to 444 branches spread across the country.
South Africa mining company Bauba says it has re-opened its wholly-owned chrome mine Moeijelijk after placing it under care and maintenance.
Local tyre manufacturers are decrying shortage of foreign currency warning that the deficit has limited local manufacturers from benefiting from import restrictions placed on some products which could further fuel shortages, they warned
Cape Town-based IT services firm CyberLogic is set to refresh its brand, expand its footprint and take new services to market in 2017, following its successful acquisition of Stellenbosch-based IT services firm Space Age Technologies last year.
The number of foreign direct investments (FDI) projects into Africa increased by 6% in 2015, according to the FDI report 2016. Africa also recorded 156 more FDI projects than the Middle East in 2015, a figure that has widened by 98% compared with 2014.
The Reserve Bank of Malawi has expressed optimism that the economy will rebound in 2017, predicting domestic economic activity to grow by 5.6 per cent.
Research and market analysis firm Nomura is predicting a relatively quiet first half of the year for South Africa, but expects things to shake up in the second half of the year as the ANC’s elective conference comes into view.
South African asset prices should perform "ok", but mainly because there are more negative peers to compare to - especially Turkey - emerging markets economist Peter Attard Montalto of Nomura said on Thursday.
Cognition Online, a new mobile app for booking and paying tutors, has gone live in South Africa to connect tutors and pupils. The app was announced as a winner in the Samsung Launching People- Mixed Talents competition.
Education, it has been said, is the key to success. One easy to access education tool are online courses. Online courses are available for nearly every topic.
FNB Namibia has successfully concluded a deal to acquire 100% of Pointbreak and Ebank according to Simonis Storm Securities.
Pan African telecoms group, Liquid Telecom, has received unconditional approval from the Independent Communications Authority of South Africa (ICASA) to acquire 30 per cent stake in South African based converged communication network operator Neotel.
Vodacom has launched One Net Business, a cloud-based unified communications solution that converges fixed and mobile telephony services across any device.
Malawi has signed a memorandum of understanding with Tanzania government on Songwe River Basin Development Programme (SRBD).
If you’re the owner or manager of a Small & Medium Business outside the retail and hospitality industries, you’re probably looking forward to the annual break.
Competition law in Africa is becoming increasingly active and, in certain respects, complex. The number of competition regimes, and the relationships between them, is on the increas
[Column] Virusha Subban: Comparisons between sugar tax policy in South Africa and the United Kingdom
SA legislators may look to provisions in the UK draft bill for guidance on how to structure some of the aspects of the SA tax, but the UK tax differs from the current SA proposals in several significant ways.
[Column] Partnering for impact: How government and the private sector can advance skills development in Africa
Private sector participation needs to be viewed as not only valuable to education and skills development but as integral to it. At a national level, the private sector should be considered an essential partner in education planning and as advisors to Ministries of Education.
Ahead of the festive season travel rush, Vodacom has broadened its international prepaid data roaming footprint from 10 countries to 64.
South Africa has received $11 million investment from China which is meant to spruce up local capacity in the manufacturing of fibre optic cables at Dube Trade Port
Victoria Falls Airport is set to welcome two new airlines in the next half of next year thanks to its latest upgrade. The upgrade was made possible through a $150 million loan that the Exim Bank of China extended and it expanded the runway, taxiways and a new terminal
The department of Labour has launched an industrial action report that provides an analysis of strike activities in the South African labour market using the Department of Labour strike database.
CBZ Holdings has set aside $70 million for the 2016/17 summer cropping season targeted at small-scale and large-scale farmers in a bid to transform the agriculture sector through the provision of accessible loans.
FNB has won the title of Excellence in Mobile Banking at the Lafferty Global Awards in Cape Town, jointly with Sterling Bank of Nigeria.
The border posts linking neighbouring Mozambique and Swaziland have extended their operations to twenty four hours.
Angola is counting on the construction of 44 logistical platforms to boost agriculture and provide facilities to the manufacturing industries.
Three Namibian right holders have acquired a 15 percent stake worth $5.4 million in the fishing company Seawork Fish Processors that is based at Walvis Bay. Seawork prior to the agreement was fully owned by North Quay Properties.
The African Development Bank Group (AfDB) has approved $71.8 million grant and $3.1 million loan to the Government of Mozambique for the construction of an asphalted 70km road section in Northern Mozambique, to improve connectivity with Tanzania.
Kenya-born Dr. Saggia completed a degree in Medicine and Surgery at the University of Nairobi before embarking on a highly successful career in the ICT sector, where over the past 18 years he held various senior positions.
Aware of the unprecedented impetus of African economies and of the potential offered by the various national and sub-regional markets, Moroccan and French companies are demonstrating new ambitions in Africa, which are expressed in their development strategies on the continent.
Econet Wireless Zimbabwe has launched the EcoCash Rand Wallet on its mobile money platform to give an alternative currency in the wake of cash shortages prevailing in the market.
Finland based private equity fund and financial services group Taaleri has set its eyes on the growing East and South African real estate projects with an offer of $100 million.
Low cost carrier Fastjet is exploring the option of diversifying its route to South Africa region as it looks at new ways to grow and make profit in the wake of dwindling fortunes.
The Eastern and Southern African Trade and Development Bank, commonly known as PTA Bank, has changed its official brand name to TDB (Trade and Development Bank) as it seeks to increase financing.
South Africa’s company Onyx Connect has announced plans to launch a smartphone manufacturing factory in the country that will build phones and tablets from scratch.
Compliance with procedural requirements essential when dealing with South African Customs - Bowmans Law
The Pretoria High Court in South Africa (sitting as three judges) recently decided on an appeal case that involved a dispute with Customs. The case outlined the repercussions of non-compliance with procedural requirements when litigating against Customs.
[South Africa] Johannesburg startup, Onyx Connect, set to become first manufacturer of smartphones in Africa
A Johannesburg startup is set to become the first company ever to manufacture smartphones in Africa, taking advantage of low costs and growing local demand to build handsets, tablets and other devices based on Google Inc.’s Android system.
Pursuant to the SENS announcement of 31 October 2016, MTN Group is pleased to advise that as part of reviewing and finalising the permanent senior management team, the Company has made further appointments of the following executives:
Republic of Seychelles national carrier Air Seychelles has announced plans to fly direct to Durban starting March next year, marking its second route in South Africa after Johannesburg where it flies five times a week.
Ecobank Zambia has embarked on a strategic plan to focus on growing its business through innovation and technology as it moves towards embracing the digital platform as the next banking frontier.
Mozambique will miss its latest deadline for the transition from analogue to digital broadcasting, according to its Transport and Communications Minister Carlos Mesquita.
Zimbabwe's state electricity distribution company, Zesa Holdings Ltd, has asked industrial customers to pay in advance in foreign currency for power imported from South Africa and Mozambique as generation from the Kariba South hydro power plant slumps and because of a dollar shortage in the country.
Air Madagascar and Reunion based Air Austral are early next year set to begin a joint codeshared flight from both Antananarivo and St. Denis to Guangzhou in China which will operate twice a week, leaving the islands every Wednesday and Sunday and returning the following day, that is Thursday and Monday.
The International Monetary Fund (IMF) has approved that Malawi government authorities be granted more time to achieve the Extended Credit Facility (ECF) programme objectives for which it borrowed $146.7 million.
The Zimbabwe government has completed the acquisition of Global Telecom Holdings’ (GTH) entire shareholding in Telecel International for $40 million.
The party that emerges as the winner of Ghana’s general election, to be held on 7 December, should seize the opportunity to drive economic growth by creating policies and a legislative environment where business builders can thrive.
The world’s largest chain of ice cream specialty shops, Baskin Robbins is set to launch a franchise in Cape Town South Africa as the demand soars.
Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC.
[South Africa] Swisatec and The Green Cab set to push the Green Transport innovation agenda in Cape Town
The Green Cab and Swisatec (Blue Rock Village) are set to gear up and redefine the contemporary urban mobility landscape and change how developers plan and design security estates in the future.
The business world is changing. Historically, businesses were "analogue" in that they had a bricks-and-mortar store where customers would interact with real people and things were dealt with on a personal level.
Applications have opened for the Barclays Accelerator programme, powered by Techstars, an initiative aimed at uncovering the next M-Pesa or Paypal by working with exceptional fintech entrepreneurs innovating Africa's financial services industry.
AHS has affected South African horse exports since the 1960s and key stakeholders in the industry have been working to find long term solutions to these challenges.
[South Africa] Norilsk Nickel launches legal action against BCL over non-payment for African asset sale
Norilsk Nickel Mauritius and Norilsk Nickel Africa Pty Ltd announce that they have filed legal claims against BCL Limited and BCL Investments Proprietary Limited in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million.
New technologies for the efficient harvest of olives and olive oil have made it possible for Moroccan youth to continue the work of family farms without compromising their economic prospects, according to a new report by Reuters.
THE launch of the Namibia Civil Aviation Authority (NCAA) early this month has brought renewed hope that aviation standards will improve for the better.
Pharmaceutical stocks in Europe and the USA performed well following newly elected Donald Trump’s presidential victory and it’s likely that Trump's proposed healthcare plan has contributed to the good run in pharma stocks.
Business confidence in South Africa as an investment hub dropped in the fourth quarter, a development that puts to risk efforts at boosting economic growth and avoiding a downgrade in rating.
Fourteen companies have expressed interest in developing projects using natural gas from the Rovuma Basin in northern Mozambique.
Old Mutual Zimbabwe is set to be the first company to trade its empowerment shares on the Financial Securities, FINSEC, Alternative Trading platform as it seeks to endorse government’s indigenization programme.
Mahindra Zimbabwe has partnered with MBCA Bank and African Century to allow prospective owners to purchase vehicles at lower prices similar to the cost of an imported vehicle.
Travel Lodge has unveiled a modern conference facility, as it seeks to cement its place in the tourism industry while targeting business travelers.
Namibia’s telecommunication operator Paratus Telecom has rolled out fibre to the home connectivity becoming the first country in the region.
Africa’s largest mobile company has set eyes on more expansion to Iran where it is only starting reap profit, as it seeks to grow its foothold in the world.
A team of specialist litigation and corporate lawyers at Bowmans South Africa has been involved in one of the largest commercial settlements in the history of South Africa’s construction industry.
Namibia tops African countries featured in Global Entrepreneurship Index; Rwanda, Botswana, South Africa fall closely behind
The inaugural Ashish J Thakkar Global Entrepreneurship Index measures entrepreneurial environments around the world and assesses each of its 85 countries against a set of criteria that spans policy, infrastructure, education, entrepreneurial environment and finance.
Nedbank has launched an interactive teller and banker ATM at its flagship new generation branch in Sandton in Johannesburg. According to the financial services group, it is the only bank in Africa and the second bank in the world to make use of the device.
African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018
Travellers from four countries – South Africa, Nigeria, Kenya and Egypt were surveyed, with those having flown in the past 24 months saying they would spend 24 percent more with the introduction of the passport.
The Indian government is set to invest in Zimbabwe’s small-to-medium enterprises (SMEs) to boost trade between the two countries, which has been skewed in favour of the Asian giant.
A new Kwacha 2000 new note is set to be unveiled in December according to the Reserve Bank of Malawi, necessitated by economic crisis and devaluation of the Kwacha. “We want to tell Malawians that starting from December end they will be using a new note and that is K2000,” said RBM manager Charles Tchuka
The unveiling of Almaz, a first of its kind computer assembly company in Botswana has come as a welcome relief for its role in expanding electronics manufacturing and catalyzing content development, research and development.
Development company Stor-Age Property is close to finalizing the acquisition of six properties from Storage South Africa for a total of up to $2.5 million to add 39 500 square metres to the listed self-storage property fund’s portfolio in Gauteng and Cape Town.
Namibia food producer Namib Mills has diversified into new products and set eyes on expansion to the rest of South African countries as demand for its products soars.
Black Friday is an American tradition that has quickly taken root in Africa. The large online e-commerce shops and the major retail chains in many parts of the continent will be splashing out with big promotions and marketing campaigns to get consumers to part with their cash.
98% of NGO’s in South Africa believe that technology is essential to their day-to-day operations. This is according to a recent survey conducted by Microsoft, which polled NGO’s across the region.
SAP's ambitious goal of equipping 5 million African youth with basic coding skills by 2025 took a bold step forward following the release of the results of this year's Africa Code Week.
The government of Angola has entered into a mining agreement with South Sudan to deepen exploration and trade between the two countries in the areas of training, laboratory, negotiation of mining contracts and policy.
Zimbabwe has recorded an increase in exports and revenue from chrome ore and high carbon ferrochrome following the lifting of an export ban instituted in June last year.
Road authorities and project owners are dedicating their largest budgets to date to address the poor state of their key infrastructure which continues to hamper the speed and confidence of Africa’s ongoing development efforts.