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MERGERS & ACQUISTIONS
Dimension Data offers to buy AccessKenya in $36m deal
Dimension Data has bid over 3-billion shillings for Kenyan information technology firm AccessKenya as part of moves to expand in sub-Saharan Africa. The proposed acquisition is the first of a Nairobi-listed firm since a peaceful presidential...By: Reuters
06 May 13
Real Economy Roundup
A review of real economic developments across SA, Africa and the world
Investment firm Vunani Property Investment Fund (VPIF) reports a solid financial performance since listing on the JSE in August 2011, despite a difficult operating environment.23 Mar 12
INFRASTRUCTURE
AfDB says to loan Kenya $263m for roads, energy
The African Development Bank (AfDB) said on Monday it would loan Kenya 21.8-billion shillings to finance the construction of roads and energy projects in east Africa's biggest economy. The amount brings the AfDB's total support to Kenya for roads...By: Reuters
12 Mar 12
TELECOMMUNICATIONS
Tanzania's Vodacom adds 4m users
Vodacom Tanzania, part of South Africa's Vodacom Group, said on Friday it had boosted total users by a third last year and will spend about $94-million over the next year-and-a-half to expand network and data services. Rene Meza, Vodacom...By: Reuters
17 Feb 12
INFRASTRUCTURE
Tanzania signs $250m infrastructure loan
Tanzania signed an agreement on Monday to borrow $250-million from a consortium of banks led by Stanbic Bank to finance infrastructure projects, a spokeswoman for Stanbic Bank Tanzania said. Tanzania has increased infrastructure spending in its...By: Reuters
08 Aug 11
KENYA ECONOMY
Infrastructure to stimulate Kenya '09 growth
Kenya's economy will be stimulated by infrastructure development this year and should expand by at least 4-4.5 percent, the east African country's finance minister said on Monday. East Africa's biggest economy grew by an estimated 2-2.5 percent...By: Reuters
02 Mar 09
Trade and Industry
SA/Kenya trade agreement aims to tackle trade deficit
Kenyan Deputy Prime Minister of Trade Uhuru Kenyatta on Friday said that the trade deficit between Kenya and South Africa was currently at 20-to-one, with Kenya exporting goods worth only four-billion shillings (some R440-million) while importing...
19 Sep 08
ENERGY
Tanzania sees 300 cars on natural gas by March '09
Tanzania plans to have about 300 cars running on a hybrid of petrol and compressed natural gas in Dar es Salaam by March 2009, a senior government petroleum official said on Tuesday. It also plans to build three gas filling stations in the same...By: Reuters
26 Aug 08
TELECOMS
Telkom Kenya signs GSM deal with Ericsson
Telkom Kenya signed a 9-billion shilling contract on Wednesday for Ericsson to supply equipment for its mobile telephony roll-out. "Ericsson's global experience and knowledge of Africa in launching start-ups convinced us they are the...By: Reuters
07 May 08
INFRASTRUCTURE
East Africa gets $1,5bn for infrastructure
The African Development Bank (AfDB) will give $1,5-billion to five countries in east Africa to improve roads, bridges and railways over the next three years, the bank's regional head said. Three of the five countries in the regional bloc, --...By: Reuters
22 Apr 08
TELECOMS
Tanzania bars its citizens from Safaricom sale
Tanzanians interested in buying shares of leading Kenyan mobile phone firm Safaricom have to skip the sale because it will not cross-list in Dar es Salaam, a senior bourse official said on Thursday. The Kenyan government is offloading a 25...By: Reuters
10 Apr 08
TELECOMS
Kenya sets $3bn Safaricom IPO price
Kenya is to offer 25 percent of mobile phone operator Safaricom at 5 shillings per share, valuing it at about $3,06-billion, in a key test of investor confidence in east Africa's biggest economy after a damaging post-election crisis....By: Reuters
14 Mar 08
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