Africa's five major trends for potential growth

[Issa Sikiti da Silva: @sikitimedia] Population growth, rapid urbanisation, adoption of new technologies, unlocking of abundant resources and the deepening of the financial sector are the five major trends that are set to drive Africa's economic growth, Simon Freemantle, Standard Bank Africa senior analyst, told a media roundtable in Johannesburg, South Africa, yesterday, Thursday 6 October 2011. 7 Oct 2011 09:56

Bizcommunity.com

Bizcommunity launches new dedicated sectors, newsletters

Bizcommunity.com - South Africa's largest online B2B publisher - is set to grow even more with the introduction of 16 new content channels, with weekly newsletters, as from last week Tuesday, 20 September 2011. 20 Sep 2011 15:45

Kenya now brands its tea

[Carole Kimutai] Tea, Kenya's leading export, is set for a massive branding initiative that will be used to identify and promote the tea in local and international markets. Towards this end, the Tea Board of Kenya has appointed the Kenya Bureau of Standards (KeBS) to implement a globally recognised mark of origin for Kenyan tea. 10 Jun 2011 10:07

World Economic Forum on Africa poised for take off

GENEVA, SWITZERLAND / CAPE TOWN, SA: The World Economic Forum has announced that more than 900 participants from 60 countries will participate in the 21st World Economic Forum on Africa in Cape Town, South Africa, 4-6 May 2011. Jacob G. Zuma, president of South Africa, will host the meeting, where participants will gather to deliberate under the theme From Vision to Action, Africa's Next Chapter. 29 Apr 2011 10:40

Uncertainty about transfer pricing rules in Africa a concern for foreign companies

Companies doing business in Africa face several uncertainties, including how tax authorities will handle transfer pricing (TP). It is vital that organisations prepare comprehensive documentation to demonstrate their application of the arm's length principle and the procedures followed. 5 Apr 2011 12:05

Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers. 27 Jan 2011 11:00

Yara launches US$20 million investment in Tanzania

DAR ES SALAAM: Global fertiliser company Yara International ASA launched its US$20 million investment into a new fertiliser terminal by the port in Dar es Salaam. 17 Jan 2011 11:27

GM restructures African business, seeking growth

[Michael Bratt] General Motors (GM) has announced a new strategy for African business, which it hopes will allow GM to capitalise on the growing opportunities around the continent. 23 Nov 2010 12:36

Mr Price takes aim at Nigerian market

[Michael Bleby] Retailer Mr Price is eying Nigeria, a market it says could host up to 100 stores, if it could only end its ban on the import of clothing. 22 Nov 2010 11:00

Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index. 27 Oct 2010 06:22

Sustained business recovery on the cards as companies look to re-start investment

LONDON, UK: The latest Global Business Outlook Survey from KPMG International suggests that businesses are ready to begin investing again as the healthy optimism recorded earlier in the year holds firm. Overall, business optimism remains static but strong, with India and China leading the way; while UK and Spain are still less confident. 3 Aug 2010 12:20

Dangers in the Dust - inside the global asbestos trade

LONDON, UK / WASHINGTON, DC: Banned or restricted in more than 50 countries, white asbestos continues to be widely used in China, India, Russia and Brazil, and many developing nations, according to Dangers in the Dust, a joint report by the International Consortium of Investigative Journalists (ICIJ) and the BBC's International News Services. 22 Jul 2010 11:08

Delayed by volcano

[Rod Baker] The eruption of Iceland's Eyjafjallajökull volcano had a massive impact on many spheres - from the airlines, to events, to travel, to health, import and exports, and more, and its impact is likely to be felt for a long time - and that's even should the eruption cease completely - which it hasn't! 29 Apr 2010 09:00

Finlay shuts down Mara Mara factory

[Carole Kimutai] James Finlay (Kenya), a local tea extracts manufacturing firm, has announced the commencement of a phased shutting down of its Mara Mara Tea Extracts factory located in Kericho, Rift Valley. Finlay's sales volumes have been affected by the economic downturn and increasing competition from lower cost production centres. 5 Oct 2009 07:42