Hilton plans to boost African presence

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten. 16 May 2013 08:38

Ugandans get 4G connections

[Thabiso Mochiko] MTN said last week it had launched its long-term evolution (LTE) or 4G network in Uganda, making it the first mobile operator in that country to do so. 29 Apr 2013 11:03

Tsogo Sun spending US$100m in Africa

In line with its growth strategy‚ Tsogo Sun has announced an investment of US$100m to be used to expand the group's hotel network in Africa. 25 Apr 2013 08:02

IMF forecasts "solid growth" for Africa

Economies in sub-Saharan Africa will ride out the bumpy global recovery in the next few years to post growth rates not seen outside Asia, the IMF said in its latest economic forecasts Tuesday (16 April). 17 Apr 2013 09:47

Africa needs economic integration

[Mariam Isa] African countries must integrate their economies in order to support a new wave of industrial development across the continent‚ Department of Trade and Industry Minister Rob Davies said Tuesday (26 March). 27 Mar 2013 09:40

Sanlam's sub-Saharan fund launches soon

[Nick Hedley] Financial services group Sanlam is due to launch its sub-Saharan Africa Real Estate Fund at the end of March‚ which it intends to list on the Stock Exchange of Mauritius. 12 Feb 2013 08:42

UCT hopes its study will foster employment

The University of Cape Town (UCT) has launched a three-year, pan-African study on how to foster youth entrepreneurship in order to tackle the scourge of youth unemployment on the continent. 4 Feb 2013 08:46

Lagarde says global uncertainty limits Africa growth

[Ntsakisi Maswanganyi] Continued global uncertainty‚ coupled with internal factors such as drought and associated food shortages‚ threaten Africa's economic growth prospects‚ warns International Monetary Fund's (IMF) managing director Christine Lagarde. 8 Jan 2013 10:48

PPC buys Rwanda cement producer

PPC has bought a 51% stake in cement producer Cimerwa Limited of Rwanda for US$69.4m. Cimerwa‚ in south-western Rwanda‚ has been the country's only cement producer for 28 years‚ PPC said on Wednesday (12 December). 13 Dec 2012 07:55

China proposes priority areas to boost Africa ties

Speaking at the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation, Hu said in the next three years, his government will take measures in five priority areas to support the cause of peace and development in Africa and boost a new type of China-Africa strategic partnership. 19 Jul 2012 12:26