African Business News

South African Airways soar above rivals

TABJ – Jan 5 - South African Airways (SAA) has won two awards two prestigious travel magazines. Business Traveler magazine awarded it with the ‘Best Airline to Africa’ and ‘Best Business Class in Africa’ gongs, while Global Traveler magazine has named SAA as ‘Best Airline ...
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Youssou counts down ‘seconds’ to election

TABJ – Jan 4 - Senegalese music star Youssou N'Dour has said he will stand in next month's presidential elections, mounting a high-profile challenge to the west African state's veteran leader, Abdoulaye Wade.N'Dour—recently featured in TABJ’s popular ‘Poprica’ feature—is a vocal critic of Wade, and ...
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Banks target Africa’s growth spurt

TABJ – Jan 4 - Concerns about a double-dip recession and the euro-zone crisis, haven’t stopped several international institutions increasing their presence in Africa to tap into its fast growth rates.In November, JPMorgan began offering rand clearing services in SA for the first time and it ...
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JPMorgan to open plush new digs in Ghana

TABJ – Jan 3 - JPMorgan is set to open a new office in Ghana, while also planning a similar move in Kenya.Mr John Coulter, senior country officer for sub-Saharan Africa at JPMorgan explained that Africa is being taken more seriously as an investment and ...
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Nigeria rules mobile money

TABJ – Jan 3 - With the commencement of the Central Bank of Nigeria’s (CBN) cashless project, Nigeria is set to become a dominant player in Africa’s emerging mobile payments market.According to industry analysts, about 20 million Nigerians are expected to be embraced into the ...
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Somalia services slump

TABJ – Jan 3 - Cash-transfer businesses that cater for Somalia immigrants in Minnesota have stopped accepting money bound for the famine-stricken country; only hours before a key bank was due to stop processing the transactions.Hinda Ali, a spokeswoman for the Somali-American Money Services Association ...
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Totally productive

TABJ – Dec 23 - International fruit and vegetable distributor Total Produce has increased its stake in the South African fresh produce company Capespan in a €13m deal.Following its sale of a 50 per cent stake in the European branch of Capespan, the stake now ...
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Too cool for schools in SA

TABJ – Dec 22 - South African business schools continue to shine and produce employable MBA graduates in Africa and the Middle East, according to the latest Quacquarelli-Symonds (QS) report on the World’s top 200 business schools.The Report surveyed the impressions formed by recruiters at ...
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Land of the computer giants

TABJ – 22 Dec - IBM have announced the signing of five strategic agreements in the Kenyan financial services sector, adding that the deal was another example of the growing wave of innovation in African banking.It has also revealed details of a partnership with telecom ...
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Countrywide discrimination

TABJ – Dec 22 - Bank of America’s (BoA) Countrywide Financial business has been fined $335 million for charges of discrimination. Countrywide has been accused by the US justice department of charging roughly 200,000 African-American and Hispanic borrowers with higher rates because of their race or ...
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