Business

Wed,19Jun2013

Business

Cautious optimism for retailers amid Africa's growth prospects

Executive director of Shoprite, Christo Wiese/Photo©HETTY ZANTMAN/FINANCIAL MAIL/GALLO IMAGES/GETTY IMAGESWhile many say that Africa's time is now, Shoprite's executive director, Christo Wiese says that retail expansion across the continent will take time and effort.

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Aviation: New orders as arrivals pick up in North Africa

Libyan carrier Afriqiyah has launched eight new routes from Tripoli/Photo©AGF S.R.L./REX FEATUR/REX/SIPATwo years after the Arab Spring, passenger demand is higher than ever, and airlines are ready to embrace it.

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Swapping oil stakes in Nigeria

Photo©Reuters - Oil workers walk through pipe installations on a tanker at Bonga off-shore oil field outside LagosUnited States giant Chevron has become the latest oil company to sell a major stake to Nigerian companies as uncertainty over security continues to worry investors.

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Africa: Adopt indigenous technologies to fight climate change

African leaders have been urged to consciously promote indigenous technology usage in order to adapt to climate change's impact on the continent.

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Huawei, hits the jackpot in Africa

Photo©ReutersThe Chinese equipment giant is leaving no stone unturned as it establishes itself in the tablet and smartphone market in Africa.

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DRC: Grand Inga, world's biggest dam in the offing

File photograph: General view of the largest hydroelectric power station in Russia and Eurasia, the Sayano-Shushenskaya hydroelectric power station on Yenisei river, October 7, 2004.  Photo Credit: Reuters/Ilya NaymushinThe contours of a new set of agreements to build the long-shelved 40,000MW Grand Inga dam have emerged.

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The mobile banking game-changer in Ethiopia

Zemen Bank rolls out its z-Birr transaction- based mobile banking later this year/All Rights ReservedNew regulations will bring m-banking to Ethiopian consumers, but limits on the companies involved and how transactions must be managed could slow growth.

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