World Business News

Launch of the Global Meeting Alliance

TABJ – Jan 31 - Tata Communications Ltd. has joined forces with nine global telecom leaders to launch Global Meeting Alliance, which will allow these worldwide leaders to connect with their respective business video communities. Safaricom in Africa, Telstra in Australia, Etisalat, Qtel and Mobily in ...
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Emirates new African avenue

TABJ – Jan 24 - Emirate’s freight division, Emirates SkyCargo, has announced it will increase operations on its Africa trade route.After flights to Lusaka and Harare are launched at the beginning of February, the weekly cargo capacity into and out of the African continent will ...
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IT on the increase in South Africa

TABJ – Jan 16 - The South African IT services market is set to exceed R40 billion ($5 billion) in 2012, a new study by IDC has shown.The market research and advisory company noted that the IT sector has seen impressive growth, increasing around 8 ...
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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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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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Eastern promise

TABJ – Dec 15 – With Asian investment in Africa is growing, India is looking to diversify its interests in the African continent.In recent years, India has made inroads into African markets. Tata—which is owned by one of India's richest men—recently built a new truck-manufacturing ...
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Banking jobs bonanza in SA

TABJ – Dec 13 - As other international banks kick people out, South African lenders are actually hiring more staff. Consequently, employment in financial services climbed for a fourth consecutive month in November, rising 0.7 per cent to 1.63 million. That growth rate was only ...
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Indian inc

TABJ - Dec 12 - Maryland Gov. Martin O’Malley is seriously contemplating future economic development trips to Brazil and Africa, after his successful trade mission to India.The governor, who also travelled to China, South Korea and Vietnam earlier this year, touted Maryland businesses during his ...
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Oil be there

TABJ – Dec 9 - Indian Oil Corp and GAIL Ltd. are looking to pick up an equity stake in LNG projects in Africa to meet the country’s growing energy needs. Africa supplies 21.5 per cent of the nation’s crude oil requirement and Oil Minister ...
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