DHL, a unit of German Post, has been operating in Zimbabwe since independence in 1980. Logistics firm DHL International says it will expand its operations in Zimbabwe after receiving government assurance that key provisions of the controversial indigenisation policy had been scrapped. The Minister of ICT, Postal and Courier Services Supa Mandiwanzira told journalists after a […]
Tag: capital
Inside 4Di Capital’s new R256m fund
MMI Holdings has committed hundreds of millions of rand to investing in and nurturing the next-wave of health and financial technology start-ups, both in South Africa and worldwide. By Duncan McLeod. Justin Stanford MMI Holdings, the JSE-listed parent of Momentum and Metropolitan, has committed hundreds of millions of rand to investing in and nurturing the […]
Nigeria: Securities Commission set up Investors Protection Fund
The Securities and Exchange Commission (SEC), has leveraged further investors’ confidence and mitigation of losses on the nation’s bourse with the inauguration of a National Investors Protection Fund (NIPF). The quasi investors’ insurance scheme worth, N5 billion, would serve as a buffer for compensating investors for pecuniary losses, liquidation, insolvency, bankruptcy or negligence of non-broker/dealer […]
Zambia: Economic Development Summary for 2015
During the past decade Zambia’s economy has shown impressive growth averaging above 7% per annum. Growth was driven by investments in the mining sector with spillover effects into construction, transport, communications, wholesale and retail. Growth was furthermore facilitated by favorable copper prices, underpinned by demand from China, and increasing trade with neighboring countries. Economic turmoil […]
Zimbabwe: Willdale returns to profitability on the back of volume increases and better cost management
Cost management initiatives undertaken during the year resulted in a 22 percent decline in average production costs. WILLDALE’s after tax profit for the year ended 30 September 2015 grew by 77% to $214 086 from a loss position of $931 011 in prior year and the group says it is now positioned to sustain profitability […]
Egypt: Investment Minister – Petrochemicals Project in Gulf of Suez With U.S. $7.5 Billion Investments
Minister of Investment Ashraf Salman met with representatives of the US imports and exports bank, representatives of the Korean imports and exports bank and a number of US, Italian and Korean financial institutions, where they discussed establishment of a petrochemicals project in the Northwest Gulf of Suez with an investment cost reaching USD 7.5 billion. […]
Nigeria: Profit taking weakens momentum as NSE Index drops 0.16%
Despite the positive close it had in the previous trading session last Thursday, equities market resumed on a bearish note on Monday as investors traded cautiously. Key market indicators, the All-Share Index and Market Capitalisation, declined by 0.16 per cent each. The loss can be attributed to profit-taking actions seen in some large-cap counters such […]
Kenya: Airtel, Medanta Africare in Pact for Mobile Healthcare
Nairobi — Airtel Kenya has partnered with Medanta Africare, an outpatient health provider to launch the mHealth service that will allow customers access quality health advice from doctors through their mobile phones. The service will enable Airtel subscribers consult doctors from Medanta Africare and access relevant health care advice by calling 1525 at normal calling […]
Partners call for more robust action on climate agreement for Africa
Finance Ministers and Central Bank Governors from CFA franc ECOWAS member-states and the CEMAC bloc (Economic Community of West African States and Central African Economic and Monetary Community), have called for rigorous efforts towards environmental challenges and development funding viabilities for climate change. Climate change This is a prelude to the forthcoming United Nations Climate […]
Oil needs to rebound to $75 to make Kenya project worthwhile – Tullow
Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil and Africa Oil to go ahead with their Kenyan project, the chief executive of Africa Oil said.CEO Keith Hill told the Reuters Africa Investment Summit he was confident that crude prices would recover to […]
