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Business in Africa

Oil, gas company's Egypt office an SA first

By: Fatima Gabru     15th August 2008 South African national oil and gas company PetroSA opened a representative office in Cairo in July, becoming the first South African energy company to own and operate an oil concession pursuing exploration and production opportunities in Egypt. 

African infrastructure development takes priority

15th August 2008 The New Partnership for Africa’s Development (Nepad) Business Foundation (NBF) has established a project management office (PMO) to facilitate private sector participation in infrastructure development in Africa. 

Cost of insurance could increase by up to 15%, practitioner warns

By: Dennis Ndaba     18th July 2008 Alexander Forbes Insurance MD Gari Dombo predicts that 2008 will see an average increase in the cost of insurance in South Africa of 10% to 15 %. 

Direct correlation between thieving and economic hardship

By: Leandi Kolver     11th July 2008 There is an increasing trend of senior executives abusing their powers and circumventing key controls, mostly for the purpose of committing fraud, says Deloitte Tip-offs Anonymous CEO Guy Brazier. 

Maturing market does not spell the end of opportunity

By: Leandi Kolver     27th June 2008 Although South Africa is a maturing market, it has a couple more years of good growth ahead in the telecommunications industry, says outgoing Vodacom CEO Alan Knott-Craig.  

Future crisis planning emerging as a key success factor for business

By: Leandi Kolver     13th June 2008 "South Africans tend to talk themselves into a crisis around crime, politics, electricity, fuel and all other problems we are facing, but hindsight, the opportunities exist for us to produce better skilled resources. We should look beyond the crisis, and not feel intimidated by these... 

Hopes high for lower bandwidth pricing as African cable projects accelerate

By: Leandi Kolver     23rd May 2008 Within a relatively short time span, fibre-optic cables for telecommunications have become the preferred means of communication between countries. Unfortunately, Africa is still especially disconnected and still extensively employs expensive satellite systems to communicate with other countries. 

World Bank seeks to improve service model for middle-income African countries

By: Leandi Kolver     16th May 2008 The World Bank is reducing the nonfinancial costs of doing business with it and expanding the products and services it offers to improve the service it offers to middle-income countries (MICs) in Africa. 

Copper should be declared a precious resource – Minister 

By: Leandi Kolver     7th March 2008 “We have to look into declaring copper as precious, or our economy will not be able to grow,” said the Minister of Communications, Dr Ivy Matsepe-Casaburri, at the official opening of black-empowerment cable manufacturer Malesela Taihan Electrical Cable’s new telecommunications... 

Growing African economy still faces challenge

By: Esmarie Iannucci     17th August 2007 Advisory service PricewaterhouseCoopers expects the economy of Africa to see substantial growth in the next two years, far exceeding global growth forecasts. 

Infrastructure, finance hinder Africa�s global

17th August 2007 African businesses could become far more competitive if African governments and their international partners improve the continent's access to finance and infrastructure and strengthen Africa's institutions, reports The African Competitiveness Report 2007. 

UN supports African telecoms

17th August 2007 Africa's need for infrastructure and communications technology, to develop and bridge the digital divide, will be addressed at the United Nation's (UN's) summit, in October this year. UN secretary-general Ban Ki-moon, and the head of the UN international telecommunications union... 

Network provider makes ICT waves in Africa

By: Esmarie Iannucci     17th August 2007 Global network provider Verizon Business reports that the Botswana telecoms landscape is about to change, in that Voice over Internet Protocol (VoIP) will be introduced in the near future. The company also states that its Namibian operation has just redeployed a multiprotocol system network. 

Book aims to 'democratise' intellectual-property

By: Dennis Ndaba     27th July 2007 A new book, From Edison to iPod, seeks to democratise intellectual property (IP) and make it accessible to everyone. 

New business survival guide to the future

By: Dennis Ndaba     27th July 2007 A new book, Future of Business, is aimed at equipping business people with the skills required to survive in the business environment of the future. 

South Africa taking advantage of improved trade conditions

By: Dennis Ndaba     18th August 2006 South African export to the rest of Africa has been on the increase over the last 11 years, owing to preglobalisation, the opening up of trade markets and the strengthening of trade blocs, such as the Common Market for Eastern and Southern Africa (Comesa) and the South African Development... 

Local know-how key to doing business in Africa

By: Dennis Ndaba     18th August 2006 Together with the increase in the infrastructure development in South Africa, a similar increase is being experienced in the rest of Africa, as there is an increase in business opportunities. 

African economies draw increasing fixed-capital investment

By: Dennis Ndaba     18th August 2006 There is currently an increasing amount of foreign direct investment into economies in Africa as well as aid and donor funds going into a lot of projects, particularly for infrastructure development says Standard Bank acquisitions director Kevin Wingfield. 

Wide-ranging opportunities for local engineers

By: Dennis Ndaba     18th August 2006 South Africa-based group of consulting engineers and scientists SRK Consulting is involved in an increasing number of key projects across the African continent. 

Insurer plans African expansion

By: Dennis Ndaba     18th August 2006 Independent provider of financial and risk services Alexander Forbes says it is looking at expanding its footprint into the rest of the African continent. 

Credit bureau eyes African markets

By: Dennis Ndaba     18th August 2006 Credit Bureau TransUnion’s African services division is looking at expanding to the rest of the African continent where there is a growing demand for credit risk services, says African services division CEO John Stewart. 

Company targets 40% business volume growth

By: sarah-leigh paul     19th August 2005 With extensive business operations across sub-Saharan Africa and a firm commitment to the regions in which it operates, Siemens is experiencing positive results from its portfolio of telecommunications, power, transportation systems, automation and control, medical solutions, logistics and... 

Leading the way in Africa’s economic upliftment

By: sarah-leigh paul     19th August 2005 One of the South African companies leading the way in business development and economic upliftment in parts of Africa is Group Five. 

New Nigerian packaging plant to open next year

19th August 2005 Africa’s largest packaging company Nampak is making positive progress towards the development of its permanent cartons manufacturing facility in Nigeria, with the plant scheduled to open at the end of next year. 

'Africans have to solve Africa's problems'

By: sarah-leigh paul     19th August 2005 The African continent is sitting at a cross road where it can either choose to move forward using its own people and strengths or it can ignore the opportunity it has and continue being a pawn for the developed world to dictate its moves to. 

Key countries identified as firm looks to expand its African footprint

19th August 2005 A strategic focus on resource deployment and customer partnerships is the philosophy behind 3M South Africa’s approach to continuous investment in the African continent and its people. 

Future African distribution rights are likely

By: elizabeth rebelo     20th August 2004 South Africa’s fastest growing document solutions company, Itec, aims to consolidate and strengthen its offices in the SADC region, says founder and CEO Jacques Duyver. 

Travel insurance takes off

By: elizabeth rebelo     20th August 2004 Over the years South African companies have significantly increased their business dealings in Africa, and this has, in turn, augmented the travel insurance business. 

SADC to contribute 70% of revenues

By: elizabeth rebelo     20th August 2004 The construction group Murray & Roberts issued a trading statement saying that the group has reviewed its position, at the end of the third quarter, in the light of flat business conditions in its markets, ongoing rationalisation in terms of the objective of rebuilding Murray & Roberts by June... 

25% increase in turnover expected

By: elizabeth rebelo     20th August 2004 An extensive mandate for technical installation, service and other support for most African countries, has been given to Schindler Lifts South Africa. 

Contract awarded to upgrade aviation communication network in Zambia

By: elizabeth rebelo     20th August 2004 Aviation company to upgrade Zambia’s aviation communications network. 

Bank commits R6,78bn to SADC projects

By: elizabeth rebelo     20th August 2004 Africa is a continent characterised by economic stagnation and poverty. 

From poverty to profit

By: renay de     22nd August 2003 The South African Institute of International Affairs (SAIIA) has undertaken a three-year business in Africa project, which began in May this year, to compliment its current New Partnership for Africa’s development (Nepad) good governance project. 

Africa on show

By: renay de     22nd August 2003 The Business Growth and Opportunities for Africa (BGOAE) 2003 exhibition will be held at Gallagher Estate, Midrand from September 3 to 6. 

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