South Africa: Shoprite to raise $1 bln for expansion
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South African supermarket chain Shoprite Holdings said it will raise up to $1 billion by issuing new shares and convertible bonds to strenghten its balance sheet and help fund potential acquisitions.
Shoprite, which has been ramping up operations in African countries beyond its home market, said in a statement it plans to issue up to 27.2 million new shares, equal to about 5 percent of its current shares.
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Commonwealth Telecommunications Organisation opening Africa up more seriously to ICT
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Africa Business Communities meet with Dr Ekwow Spio-Garbrah, Chief Executive of the Commonwealth Telecommunications Organisation (CTO). He talks about CTO's involvement in the Telecommunications development and business in Africa.
Kindly tell us what the CTO about?
"The CTO is an inter-governmental organization which provides technical assistance services to its member countries through research and studies, consultancies and advisory services, capacity building and training workshops, and through knowledge-sharing events. With a history dating back to 1901, the CTO is a partnership between the Commonwealth and non-Commonwealth governments, regulators, businesses, civil society organizations and other ICT stakeholders...
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| East African Community to launch project on harmonization of medicines registration 30 March 2012 |
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The East African Community will on 30 March 2012 officially launch the Medicines Registration Harmonization (EAC-MRH) Project at the Ngurdoto Mountain Lodge and Golf Club in Arusha, Tanzania.
The EAC-MRH Project aims to improve public health by increasing rapid access to good quality, safe and effective medicines through reductions in the time taken to register essential medicines for the treatment of communicable and non-communicable diseases.
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African Women in Business Challenge 2012
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Participate in the 3rd edition of the Business Plan Competition for African women entrepreneurs
The competition is open to women entrepreneurs of all African countries who have created a business plan, which fulfills the eligibility and evaluation criteria. Since its creation in 2009, African Women in Business has provided support, coaching, visibility and finance to over 200 women heading businesses in Africa. 10 finalists have been supported and coached, 3 of whom have been awarded as laureates.
- Receive feedback and support in writing your business plan
- Access our coaching program
- Win a business trip to The Netherlands for trainings, b2b and investor meetings
- Get access to a network of more than 40,000 like-minded entrepreneurs, coaches and investors
- Win tailor made business coaching worth €5,000 from UnitedSucces
- Compete for a €5,000 cash prize
[ read all about the competition ]
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| Social networking – a digital mutual admiration forum where real debate is dumbed down |
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By Des Latham, Johannesburg, South Africa. Is social networking not just a group of digital silos where mutual admiration societies loaf together mentally?
Do you follow people you hate? Do you allow yourself to see or even accept that other argument? Particularly the ideological purists and religious zealots, and social fundamentalists? Do you go to AbortionR Us if you’re a pro-lifer? No.
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One Pangaea Financial - most trusted provider of high quality actuarial services in the marketplace
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Africa Business Communities speak to Tatenda Mhonde, Director at One Pangaea Financial, Johannesburg Area, South Africa . One Pangaea Financial are experts in providing tailor-made outsourcing solutions to clients where a large volume of work needs to be completed against tight deadlines.
Kindly introduce your company to us
"One Pangaea Financial aim is to harness financial expertise from around the globe to create exclusive solutions for entities, individuals or corporate. The global industry approach is a generally a “one size fits all,” but with our “outside” expertise combined with an “internal” know how, we at One Pangaea Financial believe in discrete economies that require a distinctive approach to financial problem solving...
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UniBank, Airtel Money launch free life insurance policy
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UniBank Ghana Limited has collaborated with Airtel Money and Star Micro Insurance to offer life insurance coverage for free (no premiums paid) as an additional benefit to subscribers who use Airtel’s mobile commerce product, Airtel Money.
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Africa: In search of Brazilian economic miracle
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By Susana Carrillo. Shopping areas, restaurants, colleges, libraries, and even governments strive to make internet connectivity available to the public. Along with connectivity, these entities also tend to provide space for people and their access devices.
Once connectivity and working space are established, the possibilities for their use are unlimited to someone with suitable (yet inexpensive) equipment, imagination, and energy.
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| The Orange - constantly looking for new and innovative ways to ensure companies maintain true value in their organisation |
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Africa Business Communities meet with Jenny Reid, Director – iFacts Limited trading as The Orange, on comprehensive employee solutions to companies in South Africa.
Kindly introduce your company to us.
"iFACTS is placed to meet the demands of any enterprise in an open and transparent manner. Backed by South Africa's oldest corporate security specialists, iFacts provides an array of services designed to ensure maximum security in your business dealings and personal peace of mind. In today’s challenging economic environment, businesses both large and small, across South Africa are affected by fraud and crime...
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Extra-Ordinary meeting of sectoral council on trade, industry, finance and investment convenes today
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The EAC Sectoral Council on Trade, Industry, Finance and Investment is underway at the Arusha International Conference Centre in Arusha, Tanzania.
The Sectoral Council on Trade, Industry, Finance and Investment which brings together the Ministers responsible for these dockets in the EAC Partner States will be discussing among others reports on the Ministerial Meeting on Non Tariff Barriers; EAC-EU EPA Negotiations; COMESA-EAC SADC Tripartite FTA Negotiations; and the proposed Single Customs Territory .
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| MasterCard Opens East African Regional Headquarters in Nairobi, Kenya |
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MasterCard Worldwide, a global payments and technology company, today launched its official East African regional headquarters in Nairobi, Kenya. This development brings the number of MasterCard offices across the African continent to five, with other offices operational in Cairo, Casablanca, Lagos, Johannesburg and now Nairobi.
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Why Corporate Governance should be buzz words in Africa's private equity industry
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By Anesu Machaba in Johannesburg, South Africa. Private equity investment in African projects has gained recognition as a vehicle for international investors to reap opportunities on the continent. The executive chairperson of Elah Capital, Anesu Machaba, argues in this article that there is need to instil corporate governance and transparency in African portfolio companies.
Africa is increasingly faced with disconcerting disparities in wealth between the haves and the have nots. This has created the proverbial bubble, which when enhanced by the current global economic crisis, is soon to meet its demise.
[ read more ] |
MTN Uganda loses billions to mobile money fraud involving employees
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Ugandan news sources reported last week that African mobile giant, MTN, reportedly lost billions of Ugandan Shillings from its mobile money service in a fraud case involving the operator’s employees. Though information about the fraud and the investigations around it is only surfacing this week, the fraud itself is reported have occurred in 2011.
[ read more ] |
Partnerships key to management solution service provision into Africa - Accsys
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From a service provision point of view partnerships are critical to establishing presence and ensuring successful service delivery in Africa.
This is the foundation principle upon which Accsys management bases its approach to service delivery within the continent.
Accsys is a national supplier of management solutions within HR, payroll administration, time & attendance and member of the Business Connexion Group (BCX).
[ read more ] |
Run of the mill qualifications mean very little, if anything – MIE
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Institutions, in many cases foreign, that offer instant academic qualifications ‘at the touch of a button’ are on the increase and these ‘qualifications’ have little or no practical value in the marketplace. Experts within the credentials verification market say consumers should treat these so-called ‘degree or qualification mills’ with the utmost caution.
[ read more ] |
| Gold Fields Ghana commissions community clinic, nurses’ quarters |
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The Gold Fields Ghana Foundation in collaboration with the Ghana Health Service has constructed a community clinic and nurses quarters for the Damang Community to help improve access to health services to the people of Damang and its neighboring communities.
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| Ghana’s Internet speed ranked highest in Africa |
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By Samuel Nii Narku. Ghana has been ranked number one in Africa as the country with the highest Internet speed, according to the latest global internet speed report released March 5, 2012 by US-based, Ookla.
Ookla is the global leader in broadband testing and web-based network diagnostic applications, and its report was based on millions of recent test results from Speedtest.net
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The AU as a Project in 'Human Endeavour and Continental Cooperation'
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It will be three years this October since Ghana joined the AU/NEPAD-sponsored Comprehensive Africa Agriculture Development Program (CAADP), and 2013 will be exactly a decade since CAADP – but one probably would not know it.
I even wonder whether people know there is a dedicated websitedetailing almost everything one needs to know about NEPAD on http://www.nepad-caadp.net/ .
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4 major factors that make social marketing successful
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By Yinka Olaito in Lagos, Nigeria. Even though social marketing has become part of the jargons we need to learn, mastering the skills that count for success is still an issue with many professionals. Like a fish out of water struggling for survival, many digital marketers are struggling hard to outdo others without basic understanding of the terrain or what really count.
It is one thing to be on the field playing the game, developing a winning strategy often makes the effort worth the while. International football team knows it must first seat down to develop strategy and the game plan in order to get the medal.
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| Optimizing MobileMoney Agency recruitment and customer acquisition strategy workshop |
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A Two day certificate course on building sustainable mobile money agency network and customer acquisition strategies at early days of low value and slow moving mobile money service covering Agency Banking and mobile financial services.
Date: April 3rd & 4Th, 2012
Cost: 650 USD excluding Accommodation and flights.
10% discount for group above two.
[ read more ] |
| All systems go as companies push the IT in Security |
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The development and rollout of security systems remains a critical focus in business as threats to physical infrastructure, people and internal communication systems continue to escalate.
Experts within the business management solution arena say that whilst there is technology available that will improve protection, decision makers are advised to be more thorough in their inspection and evaluation of solutions before committing to investment.
[ read more ] |
Formulating and Implementing a Fluid Strategy
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By Jules Nartey-Tokoli in Accra. This is the last in my Fluid Strategy series. In the previous two articles, we saw what a fluid strategy means and how it can be formulated.
Today, our attention is on how to implement the Fluid Strategy. To implement is to put in effect. Thus, we shall discuss how to get the fluid strategy working to produce the desired or expected impact. However, the emphasis will be on doing so effectivel.
[ read more ] |
| Airtel makes progress towards building a ‘Green Network’ in Africa |
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Bharti Airtel on Wednesday announced significant milestones in its endeavor to build a ‘green’ environment friendly mobile network and reduce its carbon footprint in Africa.
As part of its commitment to the environment the company has undertaken a series of initiatives that are starting to deliver tangible results.
[ read more ] |
AfDB calls for contributions to the preparation of the Long Term Strategy
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This is a time of profound change for Africa and the African Development Bank (AfDB). Africa has seen an unparalleled and sustained improvement in growth with an increasing number of countries registering annual growth rates of five percent or more.
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| AfDB’s 2012 Annual Meetings takes theme of Africa’s role in emerging global landscape |
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The African Development Bank Group (AfDB) will hold its Annual Meetings this year in Arusha, Tanzania, from 28 May to 1 June.
The theme of the 2012 meetings will be ‘Africa and the emerging global landscape: challenges and opportunities’. As always, the meetings will be a gathering of numerous high-level participants from the AfDB’s member countries.
[ read more ] |
SMC Networks speeds up broadband with new wireless router
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New SMC Networks Barricade™ 150Mbps Wireless Broadband Router delivers speeds three times faster than 802.11g devices - perfect for cost-conscious consumers and small businesses
SMC Networks, a global provider of LAN hardware and broadband connectivity devices, has announced the launch of a new Barricade™ Wireless Broadband xDSL/Cable Router featuring four 10/100 Mbps LAN ports, one 10/100 WAN port, and a 150 Mbps 11n access point.
[ read more ] |
Accsys goes Google+ to power up social presence
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Accsys, a national supplier of management solutions within HR, payroll administration, time & attendance and member of the Business Connexion Group, now features on Google+.
This is the latest move by the company to enhance its presence across social websites and reinforce its social media management strategy.
[ read more ] |
Eleven U.S. Firms to Join the First Ever Chamber-Led Business Mission to Morocco
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The U.S. Chamber of Commerce Middle East and North Africa (MENA) Affairs Department will lead its first business mission to Morocco March 20-22, 2012, comprised of eleven companies.
The Chamber delegation will link, for the first time, US companies with real opportunities in the renewable energy and port development sectors in Morocco. This equates to economic development and job creation in both countries.
[ read more ] |
| Econet announces it has reached more than 1 million connected EcoCash users |
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Econet Wireless, Zimbabwe’s largest telecoms firm, announced today that it has surpassed the 1 million mark in ‘connected’ users for its EcoCash mobile money service.
The milestone, the company says in the announcement (a thank you to its subscribers), “has been achieved in record time and is the fastest growth of such a service in the world”.
[ read more ] |
| Will Mobile Phones Make Western Union Obsolete? |
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Western Union’s (WU) business model remains sound, in our view. We see any trend toward mobile money transfers as evolutionary, not disruptive, and we think Western Union still looks like the long-term winner in the scenario of a gradual shift toward mobile money transfers.
[ read more ] |
| Uchumi tops list of M-Pesa agents by transfer volumes |
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Uchumi has become Safaricom’s leading M-Pesa agent by transaction volumes, helping the supermarket to attract shoppers who use the mobile phone money transfer service while also earning the retail chain millions in service commissions.
Equity Bank is listed as the second biggest M-Pesa agent, Kenya Post Office Savings Bank is seventh while Naivas (Naivasha Self Service Stores) is ninth on a list of the top 10 agents provided by Safaricom.
[ read more ]
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Africa Business Communities is launching 23 LinkedIn Groups
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Recently we have launched a seris of new Africa LinkedIn Groups
You are more than welcome to join any LinkedIn group you like!
Africa Oil
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Angola Oil
Gabon Oil
Ghana Oil
Kenya Oil
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South Africa Oil
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Ghana Banking
Kenya Banking
Nigeria Banking
South Africa Banking
Tanzania Banking
Uganda Banking
Africa Media
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Ghana Media
Kenya Media
Nigeria Media
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