African Business News

Bharti hit the mark

TABJ – Dec 1 - Bharti Airtel has said that its African subscribers have now reached the 50 million mark. The Indian mobile firm acquired business in 15 African countries last year in a $9 billion deal and is the world’s fifth biggest mobile operator.Manoj ...
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Regus’ Zambian venture

TABJ – Dec 1 - Regus, the world’s largest provider of flexible workplaces, has opened a business centre in its 93rd country, Zambia, in response to the rising business confidence in Sub-Saharan Africa. Regus already has offices in Uganda, Ivory Coast, Tanzania, Ghana and Senegal ...
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Tata for now

TABJ – Nov 30 - Anil Sardana, Managing Director of Tata Power Co., has announced company plans to build electricity generation plants in Indonesia and Africa in attempt to counteract the tough business environment in India.India’s electricity generation is being quashed by fuel shortages and ...
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Business to back attack on AIDS

TABJ – Nov 30 - Treatment Action Campaign (TAC) skills development officer, Lawrence Mbalati, has said that the South African business sector must endorse labour laws that are non-discriminatory, and boost funding towards HIV/AIDS programmes. “Business must take a lead in fighting stigma and discrimination ...
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KPMG’s African expansion

TABJ – Nov 30 - Michael Andrew, global chairman of KPMG, has said that the professional services group will be expanding its presence in the African continent, and South Africa in particular.This comes amid a tidal wave of investor interest in the country and Andrew ...
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The spirit of Nando’s

TABJ – Nov 29 - A recent advertisement by restaurateurs Nando’s South Africa, presenting Zimbabwean President Robert Mugabe as ‘the last dictator standing’, has caused considerable unrest among Zimbabwe militants. Jimu Kunaka—head of the ‘brotherhood’ of Mugabe loyalists, Chipangano—has called for the restaurant chain to ...
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Anadarko hit the ‘gas’pot

TABJ – Nov 29 - Houston-based independent oil and natural gas producers, Anadarko Petroleum Corp., have announced the discovery of their largest natural gas field off the coast of Mozambique, Africa.The deposit, 35 miles offshore, contains 15-30 trillion cubic feet of recoverable natural gas; enough ...
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Sanford Health works medicinal magic in Africa

TABJ – Nov 29 - Dakota-based medical group, Sanford Health, has opened a branch in Ghana and now has an established presence on four continents. Claiming to be the nation’s largest not-for-profit rural health care provider, Sanford Health aims to eventually run 10 clinics in ...
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Naira-gara Falls

TABJ – Nov 28 - The Nigerian Naira has fallen for a second session against the dollar after speculation that it will face further declines due to foreign-currency demand to fund imports. According to data compiled by Bloomberg, the Naira declined 0.2 per cent to ...
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Euro crisis hits SA shores

TABJ – Nov 28 - The ‘Treasury Verdict’ held at Euro Finance’s sixth annual Treasury, Risk and Cash Management conference in South Africa revealed that the majority of South African businesses are already feeling the heat of the eurozone crisis.Sponsored by J.P. Morgan Treasury Services, ...
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