“The outlook for southern Africa is very positive indeed but it is also very skewed”, Daniel Steinmann, editor of Namibia Economist, said via email to Africanews.it. “The Southern African Development Community (SADC) consists of 14 member states. South Africa generates roughly 84% of the total combined GDP so you immediately see how small all the […]
Category: business
Kenya: Italian investors in tourism sector needed
It emerged this week that Kenya needs foreign investors especially in the tourism sector which is recovering from a slump following post election violence which exploded in the east African country early this year. Among preferred investors are Italians who are known to have invested heavily in the sector, especially in Kenya’s coastal areas of […]
Skyrocketing oil: an african response
If a barrell of oil is economically forbidden, here it is an African answer: bicycles for everything and for everyone. A non-government organisation sent lots of bicycles in Ghana.
Kenya: ICT business opportunities for Investors
The Kenyan Government has put in place attractive incentives and infrastructures to encourage investment in the ICT sector in the country. There are several investment bodies which have been set up to ensure that investing in Kenya is lucrative and rewarding both for local and foreign investors.One such body is the Kenya Investment Authority which […]
Kenya: foreign investors to benefit from Bpo
Foreign and local investors in Kenya will benefit from the country’s Business processing outsourcing (BPO) technology park being set up by the government. According to the chief executive of the Kenya ICT Board Paul Kukubo, the government has allocated Ksh 900million ($13 million) for the construction of the BPO park. The construction of the 5000 […]
Kenyans in a huff to sell off Safaricom shares
Kenyans who bought shares in the recent Safaricom Initial Public Offer (IPO) are disposing off their shares from the Nairobi Stock Exchange following the recent public outcry on Finance minister Amos Kimunya. Kimunya who played a key role in the IPO has been accused of selling a public owned Hotel Grand Regency in controversial circumstances.
Mozambique: Italians are looking for more business
A business event managed by the Istituto per il commercio estero (Ice) began today in Maputo, Mozambique. “Italy in Maputo: investment opportunities in Mozambique” is the title of the event made in partnership with the European documentation centre in Bruxelles and the Italian embassy in Mozambique. Italian businessmen will be guided by the vice […]
Tunisia: "Italian bussinesses have big opportunities", d'Agata of Assafrica
“Africa is a huge opportunity of development”, director of Assafrica association of Italian businessmen, Pier Luigi d’Agata, said during a conference held in Reggio Calabria (south Italy) to show the country of Tunisia to the business community of Calabria.
Morocco: new Chinese assembly plant will be built by Riad Motors
The biggest assembly plant in North Africa for Chinese cars will be built later this year in Morocco by Riad Motors Holding. The news appeared today on Reuters Africa.
Italian company Eni will exploit Congo's resources
Italian energy company Eni won the exploitation right in Congo for oil research. “The area extends for 1,103 square km – it is written in a press release published on the website of the Italian company – and is located 15 km off the Congolese coast at a water depth ranging from 20 to 50 metres”. The deal will allegedly improve the resources of the Italian company.