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May unveils British initiatives aimed at reducing Africa’s reliance on aid

By: Keith Campbell     21st July 2017 British Prime Minister Theresa May used the recent G20 Summit in Hamburg, Germany, to announce a series of new British initiatives intended to reduce the reliance of African countries on aid and increase their long-term stability and prosperity. This was in line with a theme for the summit... 

Britain to keep preferential access for poor countries, post-Brexit

By: Keith Campbell     7th July 2017 The British Government has publicly committed itself to maintaining duty-free access to British markets for the world’s least-developed countries (LDCs, as defined by the United Nations) following the UK’s departure from the European Union (EU). London further expressed a desire to increase trade... 

US decision to withdraw from climate change agreement problematic

By: African News Agency      2nd June 2017 The office of the United Nations Secretary-General says the decision by the United States to withdraw from the Paris Agreement on climate change is a major disappointment for global efforts to reduce greenhouse gas emissions and to promote global security. “The Paris Agreement was adopted by all... 

Two pipelines test economics of East Africa’s oil developments

By: Bloomberg     7th April 2017 A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one. Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the... 

Laptop bomb threat is real and expect restrictions to go global

By: Keith Campbell     31st March 2017 Just about 15 months ago, on February 2, 2016, a suicide bomber detonated a bomb onboard an Airbus A321 airliner of Daallo Airlines some 15 to 20 minutes after it took off from Mogadishu Airport. The bomb blew a roughly one square metre hole in the aircraft’s fuselage. Fortunately, it had been... 

Moyane says complaints about Sars damaging the economy 

By: African News Agency      28th March 2017 South African Revenue Service commissioner Tom Moyane told MPs on Tuesday that attacks on the organisation were damaging the South African economy as it had led to lower levels of tax compliance. “Those who launch unwarranted attacks on Sars should know that they are impacting negatively on our... 

Cummins C&G Limited Targets Strong Growth In East Africa

     24th March 2017 The 50:50 joint venture partnership between Cummins and Car & General (C&G), to be known as Cummins C&G Limited, will be fully operational in April 2017. Cummins C&G Limited’s region of responsibility will cover Kenya, Tanzania, Uganda, Ethiopia, South Sudan, Rwanda, Burundi, Djibouti, Eritrea,... 

Opportunities from the Indian Ocean Rim

By: Riaan de Lange     24th March 2017 Indian Ocean Rim Association Well, this certainly is a blast from the past. It was a long time ago. I had just joined the then South African Chamber of Business (Sacob) – on March 1, 1995 – and, within a few days, I was jetting off to Mauritius. I thought that I had hit the big time, and yes, the... 

Somali pirates release hostages, warn of further attacks

By: African News Agency      17th March 2017 The first hijacking off Somalia’s coast in five years has concluded with eight crew members of a Sri Lankan oil tanker released without the payment of a ransom, three days after they were kidnapped. Despite this incident ending relatively successfully locals from the country’s fishing community... 

South African maize production doubles despite droughts worsening across East Africa

By: African News Agency      3rd March 2017 As drought and worsening food security hits swathes of East Africa, maize harvests in Southern Africa, previously slashed by El Niño, are forecast to recover this year, with South Africa’s output expected to increase by more than 50 percent from 2016. A new United Nations (UN) report states that... 

Ethiopia awards contracts for building of two more industrial parks

By: John Muchira     10th February 2017 Ethiopia has awarded contracts for the construction of two industrial parks as it pushes ahead with efforts to become a continental light manufacturing powerhouse. This comes only a few months after the commissioning the largest industrial park in Africa, which covers an area of 1.3-million... 

Trump’s latest executive orders may be burdensome for oil

By: Bloomberg     1st February 2017 Oil-services giant Halliburton told employees to stay put. An oil trade group is concerned by the proposed border tax. Another global oil company is reconsidering whether to place a crude trader in Houston. And universities that train energy workers across the country estimated that hundreds of... 

The US faces an ‘interesting’ election and SA should be prepared

By: Keith Campbell     28th October 2016 Well, we are definitely living in interesting times, at home and abroad. China, under the leadership of Xi Jinping, has adopted a nationalist assertiveness in the East and especially South China Seas. Russia, under President Vladimir Putin, has been even more assertive, bringing the Crimea under... 

AfDB pledges increased financial support for Mozambique

By: Mia Breytenbach     22nd April 2016 The African Development Bank Group (AfDB) has affirmed its commitment to continue supporting the growing Mozambique economy, particularly regarding the country’s energy, agriculture and infrastructure sectors. Leading a team of senior staff to Maputo earlier this month, AfDB president Akinwumi... 

Casspir vehicle shedding its apartheid links as it takes on peacekeeping role

By: Dylan Slater     8th April 2016 Defence vehicle systems company Denel Land Systems (DLS) is continuing to update and broaden the versatility of the Casspir family of mine-protected vehicles – a move that is not only safeguarding the South African-developed platform, but also helping the vehicle to shed its controversial past... 

Casspir vehicle shedding its apartheid links as it takes on peacekeeping role

By: Dylan Slater     8th April 2016 Defence vehicle systems company Denel Land Systems (DLS) is continuing to update and broaden the versatility of the Casspir family of mine-protected vehicles – a move that is not only safeguarding the South African-developed platform, but also helping the vehicle to shed its controversial past... 

Military training ground cleared for housing development 

     19th February 2016 Demining and clearance company Mechem, which is part of defence products and solutions company Denel, was called in to inspect vacant land next to Loftus Gardens in Pretoria that has been earmarked for a new housing development. Denel acting group CE Zwelakhe Ntshepe says the land was used as a... 

S Africa maintains corruption perceptions index score

By: Megan van Wyngaardt     27th January 2016 South Africa’s score on Transparency International’s (TI’s) Corruption Perceptions Index (CPI) for 2015 was unchanged at 44; however, the country’s rank shifted favourably from sixty-seventh to sixty-first, indicating that perceptions around the extent of corruption in the country were... 

UN urges SA to introduce controls on short-term capital flows

By: African News Agency      27th January 2016 The United Nations has urged South Africa to introduce controls on short-term capital movements in and out of the country, to prevent further large depreciations of the rand. Adam Elhiraika, director of macroeconomic policy at the UN Economic Commission for Africa (ECA), said on Tuesday that the... 

Some catching up needed

By: Keith Campbell     30th October 2015 Over the years, I have been to quite a few defence technology and industry conferences in South Africa. Invariably, they include lots of fascinating presentations and show just how impressive and high-tech the South African defence industry is. It certain areas, South Africa is one of only a tiny... 

Africa needs to take developmental stance to combat terrorism

By: Natasha Odendaal     22nd October 2015 While Africa may not be the “global frontier” for terrorism, there are many red flags warning of the potential negative impacts that could sweep the continent. However, the potential counter-measures adopted by the continent’s leaders could do the most harm, with a knee-jerk reaction to... 

Chinese investors expect Ethiopian gas production by 2018

By: African News Agency      15th September 2015 Ethiopia is set to be a natural gas producer by 2018, pumping about 40-billion gallons annually, according to a Chinese company which has invested $5-billion in the project. Huang Geming, VP of China Poly Technology, told the state-run Ethiopian News Agency that a pipeline connecting the restive... 

Shipping Executive Jacob Bliksted Sørensen Begins 1000km Kitesurf Challenge

     6th August 2015 Pacific Basin shipping executive Jacob Bliksted Sørensen has begun his 1,000km kitesurf challenge between Mozambique and Somalia, in aid of Mission to Seafarers and Adeso (African Development Solutions). Jacob is a General Manager at Hong Kong-based ship owner Pacific Basin and the founder of... 

National Export Advisory Council inaugurated

By: Riaan de Lange     10th July 2015 The Department of Trade and Industry (DTI) announced on June 21 that Trade and Industry Minister Dr Rob Davies had inaugurated the National Export Advisory Council (NEAC) at the Team Export South Africa workshop, held in Pretoria from June 19 to 21 under the theme Export-Driven Economic Growth... 

SA companies not pulling out of Africa amid xeno threats

By: News24Wire      21st April 2015 SA mining companies in Zimbabwe and several other Africa operations have not been targeted by the wave of retaliatory action over the recent xenophobic attacks in Durban and Johannesburg. Officials and sources at most mining companies in Zimbabwe and executives from the chamber of mines said as... 

Youth unemployment might remarginalise Africa  

By: Megan van Wyngaardt     17th March 2015 There are three key challenges impeding infrastructure development and economic growth in Africa, including government policies, the continent’s position on global competitiveness and a high level of youth unemployment. At the second Public–Private Dialogue Forum on Infrastructure Projects in... 

Political instability in oil-producing regions a risk to emerging market investment – report

By: Natalie Greve     5th March 2015 Topping the list of political risks facing emerging market investors is the increasing instability in already-fragile oil-producing countries such as Iran, Iraq, Libya, Russia and Venezuela as a consequence of the low oil price, Aon Risk Solutions’ 2015 Political Risk Map revealed this week.... 

Economic outlook positive for Africa, except SA 

By: Megan van Wyngaardt     15th January 2015 While significant growth is forecast for five African countries that form part of the top-ten biggest growing economies in the world, this is not the case for South Africa. Speaking at the Frontier Advisory’s Africa Outlook 2015 forum, CEO Martyn Davies pointed out that the Democratic Republic of... 

Fastest growing economies post high levels of corruption – Transparency Intl

By: Sapa     3rd December 2014 Corruption has increased in several of the world's best-performing economies as rising growth has encouraged an abuse of power, corruption watchdog Transparency International said Wednesday in its annual report. "The 2014 Corruption Perceptions Index shows that economic growth is undermined and... 

SA fares poorly in global Corruption Perception Index

By: Creamer Media Reporter      3rd December 2014 South Africa scored 44 out of 100 and ranked 67 out of all the surveyed countries in the 2014 Transparency International (TI) 2014 Corruption Perceptions Index (CPI). This is the third consecutive year that the country has scored below 50 in the most widely used indicator of corruption worldwide.... 

Increasingly consumer-driven sub-Saharan Africa growth good news for franchise sector

By: Anine Kilian     7th November 2014 Growth in sub-Saharan Africa relied less on mineral extraction and was increasingly becoming consumer driven, which was important for the franchise sector, FNB chief economist Sizwe Nxedlana said at the FNB Franchise Summit that took place in Johannesburg earlier this month. He noted that being... 

New Energy

By: Tracy Hancock     24th October 2014 Sabine Dall'Omo, Siemens South Africa CEO, talks to Tracy Hancock of Engineering News about her career and moving to South Africa for love. For the first time in 150 years, there is a woman at the helm of Siemens South Africa – German-born Sabine Dall'Omo, who has fallen in love with more than... 

Mixed housing plan for dolomite areas

By: SANews, SA government news service     8th September 2014 Gauteng MEC of Human Settlements and Cooperative Governance and Traditional Affairs Jacob Mamabolo says a mixed housing plan will be ideal for areas affected by dolomite. The impact of dolomite, an underground soil condition, on housing developments in Gauteng continues to create high tensions... 

Safeguard duties imposed on frozen potato chips

By: Callie Lombard     8th August 2014 Frozen potato chips safeguard On July 25, the South African Revenue Service (Sars) imposed a final (definitive) safeguard on frozen potato chips (or French fries), classifiable under tariff subheading 2004.10.20, through two Government Gazette notices. The safeguard of 40.92% was imposed from... 

Range signs on new investor

By: Esmarie Swanepoel     15th May 2014 Oil and gas explorer Range Resources has entered into a subscription agreement with Hong Kong-based institutional investor Abraham to raise $12-million. The ASX- and Aim-listed company told shareholders on Thursday that under the terms of the subscription agreement, Abraham would subscribe for... 

Altaaqa Global Opens East Africa Office

     16th April 2014 The new Nairobi office will serve as a hub for Altaaqa Global’s sales and operations in the East Africa region Dubai-based Altaaqa Global CAT Rental Power, a global provider of temporary power solutions, has recently opened a branch in Nairobi, Kenya to serve the East Africa territory. The office... 

South Africa falls in 2014 global logistics rankings

By: Terence Creamer     20th March 2014 South Africa has been ranked number 34 out of 160 countries in the World Bank’s 2014 Logistics Performance Index (LPI), which is topped by Germany, with Somalia ranked lowest. Africa’s largest economy remained the continent’s highest placed LPI participant, but South Africa’s position was well... 

SEW-Eurodrive opens new office in Tanzania

By: Anine Kilian     21st February 2014 Drive technology company SEW-EURODRIVE opened a new office in Dar Es Salaam, Tanzania, in October last year, which has been tasked with the sole sales responsibility for the East African market. SEW-EURODRIVE Tanzania MD Urs Roos states there was a need to get closer to the end-user and assist... 

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