South Africa’s top seller budget cars

It’s happening in Cape Town! Information reaching us says the Volkswagen Polo Vivo continues its streak as South Africa’s best-selling passenger car in October 2017, reports Naamsa. In addition, it also retained its position as SA’s leading budget car; outselling its nearest rival by 792 units. Learn more

KPMG gets into tax trouble in South Africa

South Africa’s assessment expert has undermined to make legitimate move against KPMG for repudiating a report it dispatched that was utilized to ruin the previous finance minister, dragging the accounting firm further into a developing political embarrassment. The withdrawal of the report a week ago put KPMG amidst a battle between two sides of the […]

Ethiopia outperforms Nigeria, South Africa, Egypt economically

Africa economic giants stumble, as Ethiopia outperforms peers, Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is […]

Nigerians make a city in South Africa their own

  The chairman of the Nigeria Union in the North West Province of South Africa, Chacaodili Nwanedo, has revealed that no fewer than 200 small businesses in the area are owned by Nigerians. Nwanedo made his comments in Rustenberg South Africa on Tuesday July 11, while speaking with the News Agency of Nigeria (NAN). He […]

Nigeria gets help from South African soldiers

In case you don’t know, the man in the picture above, a military man is a South African soldier. Nigeria has hired about 100 of these kind of fighter to help fight against Boko Haram. Recall that Chadian fighters have already entered Nigeria and begun battling against Boko Haram forces in the north, all these […]

African markets factors Jan. 17, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian stocks stepped back from a record high on Wednesday as the region’s resource shares were hit by falling oil and commodity prices while digital currencies tumbled […]

African market factors Jan. 10

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian shares flinched from testing their 2007 record peak on Wednesday, as investors booked profits in high-tech shares while oil prices hit three-year highs due to production […]

Afreximbank supports Africans entrepreneurs with $260 million

The African Export-Import Bank (Afreximbank) has raised around $260 million via three sharia-compliant facilities to support small- and medium-sized businesses in the region, as African markets gradually open to Islamic finance. Cairo-based Afreximbank, which was founded by African governments and other investors in 1993 and focuses on trade finance, obtained a $100 million financing from […]

African markets factors Jan. 9 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian shares edged higher on Tuesday, approaching record highs, while the yen stole the currency spotlight and jumped after the Bank of Japan’s slight reduction to its […]

African market factors Dec. 28, 2017

GLOBAL MARKETS Asian shares rose to a one-month high on Thursday and were on track for their best annual performance since 2009, while commodity-driven currencies were buoyed by a strong copper, which held near a four-year peak. WORLD OIL PRICES Oil prices were stable on Thursday with trading activity drying up ahead of the New […]

African markets main factors Dec 12, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a […]

Huawei Mobile Service platform coming to Africa

With 328 million users across the globe, the Huawei Mobile Service platform is coming to Africa, with the planned launch of a pre-installed localised APP store on Huawei devices. “Huawei’s consumer mobile services in Africa will include an APP store for locally developed games, music, movies, books and other content; we are also planning to […]

WWF & AfDB partner to deliver major eco-conservation programmes for Africa

The World Wide Fund for Nature (WWF) and the Africa Development Bank (AfDB) have announced a new three-year partnership agreement. The agreement comes on the heels of a three-year Memorandum of Understanding (2014-2017) in which the two organizations committed to deliver major eco-conservation programmes for Africa. Commenting on the extended agreement, Frederick Kwame Kumah, WWF […]

African markets factors Nov. 30, 2017

NAIROBI, Nov 30 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – * Uganda releases inflation GLOBAL MARKETS Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some […]

Land-linked countries to maximize benefits of business in Africa

src=”https://africabusinesscommunities.com/land%20linked%20countries%20Africa.jpg” alt=”shared by www.medianet.info” /> Experts in port management, policy makers and financiers from across Africa are exploring how to reshape policy and harness the benefits that accrue from maximizing the comparative advantages of land linked countries. Organized by the Port Management Association of Eastern and Southern Africa (PMAESA), the meeting targets land linked countries […]

African market factors to watch Nov. 21, 2017

<link href=”https://af.reuters.com/article/commoditiesNews/idAFL8N1NR0F6″ rel=”canonical” /> NAIROBI, Nov 21 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – EVENTS: *NIGERIA – Central bank holds monetary policy meeting – 1330 GMT. *SOUTH AFRICA – Reserve Bank starts three-day monetary […]

Factors to watch African markets Nov. 10

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – EVENTS: *Rwanda to release its consumer inflation data for October. GLOBAL MARKETS Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan […]

Top 3 crowdfunding sites for Africans

Jumpstart Africa, a US-based crowdfunding portal seeks to help African Entrepreneurs access startup funds, linking African entrepreneurs with good business ideas, to people that see how these ideas can succeed and revolutionize the way the rest of the world supports Africa by backing innovative projects developed by African entrepreneurs. Thundafund  was created in 2013 by two […]

African markets factors Nov 9, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *KENYA – The central bank to auction 91-day, 182-day and 364-day Treasury bills worth a total 24 billion shillings ($232 million). GLOBAL MARKETS Asia stocks hovered near a […]

African markets factors November 7

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian shares rallied to their highest in a decade on Tuesday, while oil prices gave up some of their gains having previously surged to a more than […]

The infection that kills babies in Africa every year

A bacterial infection passed from mothers to babies kills around 150,000 unborn children and infants a year but has been widely overlooked in developing countries, researchers said on Monday as they urged faster progress on developing a vaccine. Nearly one in five pregnant women worldwide is infected with Group B Streptococcus (GBS), which causes stillbirths, […]

African markets factors for Nov 6, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian shares stepped away from recent decade highs on Monday while the U.S. dollar staged a broad-based rally and oil jumped to a more than two-year peak […]

African market’s main factors Nov. 3, 2017

<link href=”http://af.reuters.com/article/africaTech/idAFL8N1N90H5″ rel=”canonical” />   The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – GLOBAL MARKETS Asian shares took a breather on Friday as investors gave a guarded reception to Republican plans for massive U.S. tax cuts, while […]

MTN , Vodacom vie for title holder of biggest digital bank in Africa

Already the continent’s biggest mobile-phone company by subscribers, Johannesburg-based MTN is adding about 500,000 active banking customers a month, Chief Executive Officer Rob Shuter, 50, said on Wednesday. About 20 million people use MTN’s mobile banking now, he said in an interview at Bloomberg’s office in the South African city. MTN, Vodacom and other competitors are […]