Print2online CMS 4.0 http://www.tabj.co.za/ ©2007 CBJ http://www.tabj.co.za/files.php?file= http://www.tabj.co.za/ http://www.tabj.co.za/african_business_news/5825.html African Business News Fri, 03 Feb 2012 05:26:00 -0600 TABJ – Feb 3 - Tullow Oil has finally signed an oil production agreement with the Ugandan government which will allow them to continue their oil activities in the country.  The agreement, worth 400 million barrels at kingfisher oil well found and 1.5 billion U.S. dollars, will see resumption in oil production and prospecting in Western Uganda.The region had previously been subject to inactivity due http://www.tabj.co.za/african_business_news/5824.html African Business News Fri, 03 Feb 2012 05:11:00 -0600 TABJ – Feb 3 - Masahiro Yoshikawa has been appointed by IT network technology manufacturer, NEC, as president of its African operations. Yoshikawa’s goals for 2012 include establishing NEC branches in Kenya and Nigeria, assisting operations for the South African government’s National Development Plan (NDP) and promoting the benefits of mobile infrastructure, broadcasting systems and fingerprint/face recognition technologies across the continent. “I want to stress that we http://www.tabj.co.za/african_business_news/5823.html African Business News Fri, 03 Feb 2012 04:45:00 -0600 TABJ – Feb 3 - Yum Brands Inc. has announced plans to open 130 new KFC stores across the African continent, bringing its total presence across Africa to 1,000 restaurants.The new stores will bring the U.S. food-giants into seven new countries across Africa, including Angola, Malawi, Tanzania, Uganda, Zimbabwe, the Democratic Republic of Congo and Madagascar. Yum Brands are the creators of KFC, Taco Bell and http://www.tabj.co.za/african_business_news/5822.html African Business News Thu, 02 Feb 2012 10:17:00 -0600 TABJ – Feb 2 - MasterCard has launched its official East African regional headquarters in Nairobi, Kenya; the firms fifth office in the African continent. The Nairobi office will manage MasterCard liaisons for customer banks, business associates and consumers in Kenya, Tanzania, Ethiopia, Uganda and Mauritius, also promoting electronic payment practice across the East African region. “We are pleased to welcome MasterCard to East Africa and in http://www.tabj.co.za/african_business_news/5821.html African Business News Thu, 02 Feb 2012 09:57:00 -0600 TABJ – Feb 2 - Zimbabwe’s media commission has announced it will ask authorities to prevent unregistered foreign newspapers from operating in the country. “The Zimbabwe media commission has resolved to bar affected papers from entrance into and circulation within Zimbabwe until they comply with Zimbabwe’s laws,” said Godfrey Majonga, commission chairman, in a statement.The Sunday Times newspaper was used as an example of a foreign http://www.tabj.co.za/african_business_news/5820.html African Business News Thu, 02 Feb 2012 04:12:00 -0600 TABJ – Feb 2 - Recurrent power-cuts in Pietermaritzburg, South Africa, are having devastating effects on business productivity in the Willowton industrial area. Melanie Veness, Pietermaritzburg Chamber of Business chief executive, said that the outages had already reduced business productivity at many 24 hour operations, causing them to lose millions of rand. The power cuts were as a direct result of ageing infrastructure and cable theft; last http://www.tabj.co.za/african_business_news/5819.html African Business News Wed, 01 Feb 2012 08:13:00 -0600 TABJ – Feb 1 - The mining sector in Ethiopia earned 293 million US dollars over the last two quarters and 218.2 million of the revenue was earned by Artisan miners.These results come from the Ministry of Mines (MoM) who said that exports included Gold (5,484 kg), Tantalum (145 tons) Jewels and Minerals (7,339 kg), Marble (532m3) and Platinum (350g).The total revenue earned over the http://www.tabj.co.za/african_business_news/5818.html African Business News Wed, 01 Feb 2012 07:39:00 -0600 TABJ – Feb 1 - Rio Tinto Group is to take control of Richard Bay Minerals (RBM) on the east coast of South Africa in a deal which will see the third-biggest mining company double its stake, and BHP Billiton Ltd. permanently exit the titanium minerals industry.Rio’s stake will double to 74 per cent as BHP exercised an option to sell 37 per cent, but http://www.tabj.co.za/african_business_news/5817.html African Business News Wed, 01 Feb 2012 07:15:00 -0600 TABJ – Feb 1 - Lucy Jacobs has been announced Chief Operation Officer for Spruce Media, a Facebook Ads API developer, and will be responsible for managing and aligning the many business sectors of the company.“Lucy is a seasoned management professional with extensive operational and leadership experience, who is well equipped to help us scale the company to keep up with the insatiable appetite for http://www.tabj.co.za/african_business_news/5816.html African Business News Tue, 31 Jan 2012 04:58:00 -0600 TABJ - Jan 31 - An independent brewery from Namibia has been making a splash in top restaurants across Scandinavia. Going against the age-old myth that ‘beer doesn’t travel well’, Camelthorn Brewing Company has delivered its beers to outlets more than 9,000 kilometres away, in order for them to be served to a Northern European audience. Camelthorn recently took its first steps in the Swedish market, having The African Business Journal