R/€ = 16.26 Change: 0.00
R/$ = 14.53 Change: 0.00
Au 1346.30 $/oz Change: 2.14
Pt 802.00 $/oz Change: 4.74


Broll Signs Exclusive African Affiliation with Cushman & Wakefield

By: Creamer Media Reporter      13th June 2019 Broll Property Group, the largest independently owned Pan-African commercial property services company, has entered into an exclusive affiliate arrangement with Cushman & Wakefield, a leading global real estate services company. The new venture represents a partnership with Broll’s Occupier... 

PayU launches operations in Kenya to enable global organisations seamless access to East African markets

By: Creamer Media Reporter      13th June 2019 Economic growth in the East Africa region is estimated to remain at a steady 5.9% in 2019, a significantly higher percentage than North Africa at 4.9% and Southern Africa at 1.2%, according to the African Development Bank. The countries with the highest economic growth include Rwanda, Kenya and... 

Motorbike taxi firms rev up for race into West Africa

By: Reuters     12th June 2019 Motorcycle taxi companies are expanding in West Africa with backing from investors betting that the meteoric rise of two-wheeled taxi firms in Asia can be replicated in some of the fastest growing countries in the world. Four bike taxi firms are now battling it out on the streets of Nigeria's... 

Ugandan critics oppose Nile river power plant plan

By: Reuters     11th June 2019 A plan by South Africa's Bonang Power and Energy to develop a 360 MW power plant on Uganda's River Nile has met resistance from critics who say the project will destroy the popular tourist attraction of Murchison Falls. Located on the Nile between the Ugandan lakes Kyoga and Albert, the Murchison... 

DHL rolls out e-commerce platform to more African markets following initial success

7th June 2019 Following the success of the DHL Africa eShop app in 11 countries across Sub Saharan Africa, DHL Express has announced that its innovative mobile and desktop platform has been rolled out in nine more countries across the continent.... 

Uganda plans to restore railway after high-speed upgrade delays

By: Bloomberg     7th June 2019 Uganda plans to invest $205-million in restoring a railway from the capital Kampala to the Kenyan border following delays to securing funding for a planned high-speed alternative to the route. The move will boost monthly freight capacity to 120 000 metric tons from the current 20 000 tons by... 

South African medicine dispensing system wins Africa Prize for Engineering Innovation

By: Marleny Arnoldi     6th June 2019 For the first time since its inception in 2015, a South African electrical engineer has won the Royal Academy of Engineers’ 2019 Africa Prize for Engineering Innovation. Thirty-one-year-old Neo Hutiri and his team won R463 000, or about £25 000, for developing Pelebox – a smart locker system... 

Airtel Africa looks at $1bn London listing

By: Reuters     28th May 2019 Airtel Africa, a subsidiary of Indian telecoms group Bharti Airtel, is considering a stock market flotation in London, it said on Tuesday, part of efforts to expand its data and mobile money services across Africa. The company is aiming to raise around $1-billion in a June equity offering, a... 

Uganda's tungsten mine sues International Tin Association for defamation

By: Reuters     28th May 2019 An owner of Uganda's only tungsten mine is suing the International Tin Association for defamation, saying the certifier wrongly accused it of trading in conflict minerals, court documents seen by Reuters show. The association's International Tin Supply Chain Initiative programme, used by... 

A fresh approach to South Africa’s power challenge

By: Creamer Media Reporter      24th May 2019 In March 2019, Eskom announced that it had been forced to implement Stage 6 load shedding. This amounted to as much as 6000MW of a total estimated installed capacity of 51 000 MW being unavailable to users, with more disruptions likely to come during the approaching winter. A combination of... 

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