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/5836.html African Business News Thu, 09 Feb 2012 09:31:00 -0600 TABJ – Feb 9 - Nigerian Minister of Agriculture, Akinwumi Ayo Adesina, said in Geneva at a meeting organised by Economist Conferences that African farming needs a take a more business-like approach to its operations.“The potential is there, but you can’t eat it,” he commented.“Agriculture is not a social sector. Agriculture is a business, and we must begin to take agriculture in Africa as a http://www.tabj.co.za/african_business_news/5835.html African Business News Thu, 09 Feb 2012 03:38:00 -0600 TABJ – Feb 9 - Rio Tinto Plc. is still interested in the potential combination of its Rossing uranium mine in Namibia with Extract Resources’ Husab deposit currently in development.CEO of Rio, Tom Albanese, did not comment on what the Anglo-Australian mining company plans to do with its 14 per cent stake in Extract, which is awaiting a combined takeover offer from China Guangdong Nuclear http://www.tabj.co.za/african_business_news/5834.html African Business News Thu, 09 Feb 2012 03:08:00 -0600 TABJ – Feb 9 - Titanium Holding Company, the Nigerian biscuit and candy making firm, has been bought by Olam International Ltd. in a $167 million deal. Titanium owns Nigeria’s second largest confectionary franchise and recorded a turnover of nearly $162 million in 2011.  According to Singaporean-based Olam International, Titanium has an 18 per cent share of the Nigerian market in biscuits, and a 28 per http://www.tabj.co.za/african_business_news/5833.html African Business News Wed, 08 Feb 2012 03:08:00 -0600  TABJ – Feb 8 - Solar technology and equipment provider Novatec Solar has teamed up with ABB, the power and automation technologies leader, to enter South Africa’s burgeoning concentrated solar power (“CSP”) market, Wednesday.The companies have penned an agreement with South African independent power developer FG Emvelo, geared towards developing ‘high-efficiency concentrating solar power (CSP) plants at Karoshoek Solar Valley in Northern Cape province’. The http://www.tabj.co.za/african_business_news/5832.html African Business News Wed, 08 Feb 2012 03:03:00 -0600 TABJ – Feb 8 - The World Bank has released results of a new study showing that mining companies can enhance economic growth in West Africa by acquiring their equipment, services and supplies locally. The study, entitled Increasing Local Procurement, focuses largely on Ghana, Guinea and Senegal and recommends that West African governments work with these mining companies to strengthen their definitions for measuring local procurement.“Buying http://www.tabj.co.za/african_business_news/5831.html African Business News Tue, 07 Feb 2012 06:56:00 -0600 TABJ – Feb 7 - The Black Enterprise Business Report is set to add five new NBC digital broadcast stations to its affiliate list as of 12th February this year.The new stations will be the NBC Nonstop Network (including KNSD-DT) in San Diego, KNTV-DT in San Francisco, KXAS-DT in Dallas-Fort Worth, WNBC-DT in New York and WTVJ-DT in Miami.“We are delighted to partner with NBC-owned http://www.tabj.co.za/african_business_news/5830.html African Business News Tue, 07 Feb 2012 06:34:00 -0600 TABJ – Feb 7 - Kenya Airways Ltd., sub-Saharan Africa’s third-largest airline by passenger numbers, has hit its lowest level in two months in the Nairobi trading market, prior to a planned rights offer.   According to Bloomburg, the airline dropped 1.3 per cent to 18.65 shillings; the lowest level since 6th December last year.“It appears people think a rights issue is going to be dilutive http://www.tabj.co.za/african_business_news/5829.html African Business News Tue, 07 Feb 2012 06:04:00 -0600 TABJ – Feb 7 - Mining giants Xstrata Plc. and Glencore International Plc. have signed a US$90 billion agreement which will place them in joint fourth in the race for the world’s largest mining house. Glencore already owns 34 percent of Xstrata and will pay roughly $41 billion for the remaining stake, bringing the value of the mining company in at nearly $62 billion.Both mining companies http://www.tabj.co.za/african_business_news/5828.html African Business News Mon, 06 Feb 2012 08:18:00 -0600 TABJ – Feb 6 - Gareth van Zyl has been appointed as editor of ITWeb Africa, South Africa’s leading business technology publisher, and will take control of its upcoming ICT news website dedicated to the English-speaking African market. ITWeb identified a demand for quality ICT news and analysis from Africa which is fast-becoming one of the largest adopters of technology in the world.“The adoption of technology http://www.tabj.co.za/african_business_news/5827.html African Business News Mon, 06 Feb 2012 07:58:00 -0600 TABJ – Feb 6 - DKT International, a family planning and HIV/AIDS prevention organisation, will begin distributing high quality, affordable contraceptives in Ghana this month. The non-profit organisation opened in 2011, operates in Africa, Asia and Latin America and is working with the Ghana Food and Drugs Board (FDB) to register three brands, five products and more than 10 other products for effective and safe family The African Business Journal