News : Industry

Kenya:Will New Legislation Turn Kenya Into a Tax Haven?

[ISS] A recently passed law could make it easier for companies to dodge tax in Kenya. This could increase the rate of illicit financial flows and, contrary to government's goals, undermine economic growth and development. (AllAfrica)

South Africa:Whistleblower Spills the Beans On Alleged Dirty Tricks Used By Waste Management Company

[News24Wire] A whistleblower within waste management company EnviroServ is said to have turned on his bosses and spilled the beans on alleged dirty tricks the company has used in its fight with Hillcrest residents over a "big stink" coming from its landfill site in the area. (AllAfrica)

Nigeria:NCC Insists On Technical Competence for 9mobile Bidder

[Guardian] Nigeria Communications Commission (NCC) will not approve the sale of 9mobile to any bidder without technical competence, Professor Umar Danbatta, executive vice-chairman of the commission said on Monday. (AllAfrica)

Ghana:Superhero Deals With Jumia Ghana

[Business Day] Africa's #1 online retailer is set to launch an all-round discount sale dubbed "Superhero deals"This discount campaign comes after the Mobile Week by Jumia which was the biggest online mobile sale of the year. (AllAfrica)

Namibia:National Broadcaster Loses 2 000 Decoders in 2016

[Namibian] The Namibian Broadcasting Corporation could not account for 2 000 decoders and had no control over television licence books and revenue generated during the 2015/16 budget year, the auditor general has said. (AllAfrica)

Zimbabwe:Econet Harnesses Digital to Improve Customer Experience

[263Chat] Econet Wireless Zimbabwe has stepped up its use of digital platforms to improve customer experience through the launch of a multi-purpose web self-care service. (AllAfrica)

Nigeria:Dangote Cement, Oando, Others Buoy NSE's Indices By N36 Billion

[Guardian] Following price gains recorded by major highly capitalized stocks, especially Dangote cement and Oando, transactions on the stock market closed in an upbeat yesterday, as market capitalisation increased by N36 billion. (AllAfrica)

Kenya:Carrefour Opens Its Fifth Store in Nairobi in Expansion Strategy

[Nairobi News] French retailer Carrefour hypermarket on Thursday opened its fifth retail store in Nairobi, taking up space vacated by the struggling Uchumi Supermarket at Sarit Centre Mall. (AllAfrica)

East Africa:MYDAWA, Sanlam Insurance Partner to Offer Affordable Healthcare Products

[CIO] MYDAWA has announced its partnership with Sanlam General Insurance to provide its medical cover policy holders with access to quality, convenient and affordable healthcare products on its portal. (AllAfrica)

Namibia:Salary Increases for SOE Bosses

[Namibian] THE government approved new rules that increased salaries of parastatal bosses and senior managers, with the highest rated chief executives qualified to earn over N$2 million a year - excluding bonuses. (AllAfrica)

Ethiopia:Ethiopian Airlines Urged to Quickly Finalize Airports, Begin New Construction

[ENA] Transport Affairs Standing Committee of the House of People's Representatives has called on Ethiopian Airlines Group to give due attention to finalize the delayed construction of its new airports. (AllAfrica)

Kenya:Nation Retains Dividend at Sh10 a Share

[Nation] Nation Media Group (NMG) maintained its total dividend payout at Sh10 per share for the sixth year in a row after weathering a tough 2017 -- that was characterised by weak macroeconomic conditions and challenging trading environment -- to produce a solid outcome. (AllAfrica)

Kenya:Liquid Telecom Driving the Rise of E-Sports in Kenya and Africa

[CIO] Liquid Telecom Kenya recently delivered free 'gamer-quality' internet connection for the Pro Series Gaming tournament in Nairobi, held on April 7th, which offered East Africa's largest gaming prizes yet of $10,000. (AllAfrica)

Zimbabwe:Nigerian billionaire Dangote Rekindles Investor Interest

[Financial Gazette] Nigerian billionaire Aliko Dangote has rekindled his love for Zimbabwe after almost three years since he turned his back on the southern African country due to bureaucracy and corruption. (AllAfrica)

Zimbabwe:Former Police Chief Chihuri Ought to Attend Parly

[The Herald] While efforts by the Mines and Energy Portfolio Committee chaired by Norton MP Mr Temba Mliswa (Independent) to unravel the untold story of diamond extraction in Chiadzwa continue, the work by legislators might be futile if former Police Commissioner-General Augustine Chihuri does not give evidence. (AllAfrica)

Zimbabwe:Telecoms Giant Gets Solar Licence

[Financial Gazette] Econet Wireless Zimbabwe (Econet) has been given a licence to generate power to meet the electricity and energy needs at its Willowvale premises in Harare. (AllAfrica)

Zimbabwe:Hwange Colliery Eyes DR Congo, South Africa, Zambia Markets

[Financial Gazette] Struggling coal producer, Hwange Colliery Company Limited, is eyeing regional markets to widen its revenue streams and earn foreign currency. (AllAfrica)

South Africa:Bullish Clicks to Open 40 New Stores

[News24Wire] Retail pharmacy group Clicks [JSE:CLS] plans to open 40 new stores this year, ahead of its target of 25 to 30 stores. (AllAfrica)

South Africa:DA Welcomes the Resignation of Johan Van Zyl As a Board Member of Steinhoff International Holdings N.V.

[DA] We welcome the resignation of Johan van Zyl as a member of the Supervisory Board of Steinhoff International Holdings N.V. (AllAfrica)

Malawi:Weed Harvesters to Cut On Power Black-Outs

[Nyasa Times] The United States government has given Electricity Generation Company (Egenco) two weed harvesters worth US$40 million which both Washington and Lilongwe would reduce power black outs the country is experiencing. (AllAfrica)

Zimbabwe:Listed Engineering Firm Remains in the Red

[Financial Gazette] Listed engineering firm, Zeco Holdings, said it losses widened to $2,1 million in the full year to December 2017 from $1,3 million in 2016. (AllAfrica)

Zimbabwe:Payday for CBZ Shareholders

[Financial Gazette] Shareholders of Zimbabwe's largest financial services group by assets, CBZ Holdings (CBZ), are smiling all the way to the bank after the group declared a $1,8 million dividend for the year to December 31, 2017. (AllAfrica)

Kenya:Mobile Lending App Tala Closes Sh6.5 Billion Investment, to Expand to India and Mexico

[Capital FM] Nairobi -Mobile financial services firm, Tala, has secured US$65 million (Sh6.5billion) in new investment to power the growth of its consumer lending app. (AllAfrica)

South Africa:Auditor-General Terminates Contracts with KPMG, Nkonki Inc. Audit Firms

[Auditor-General of South Africa] Pretoria -Auditor-General (AG) Kimi Makwetu has announced his office's decision to terminate, with immediate effect, the auditing contracts with KPMG and Nkonki Inc., who do public sector audits on behalf of the Auditor-General of South Africa (AGSA). (AllAfrica)

Ethiopia:Ethiopian Posits Cargo Screening Machines

[Addis Fortune] Ethiopian Airlines Group inaugurated its two cargo screening machines donated by Transportation Security Administration, an agency of the United States Department of Homeland Security. (AllAfrica)

Ethiopia:Top Water Penetrates Uprising Water Bottling Industry

[Addis Fortune] The 68th bottled water brand, Top Natural Water, hits the local market, being purified and bottled by Abebe Dinku Water & Non-Alcoholic Beverages Factory with an investment of 273 million Br. (AllAfrica)

Africa:Shelter Afrique Seeks to Avoid Bond Default

[East African] Pan-African housing financier Shelter Afrique has written to the Nairobi Securities Exchange seeking permission to restructure its debt to avoid a possible default. (AllAfrica)

Egypt:Sisi Boosting Cooperation, Investments With France's Orange

[Egypt Online] President Abdel Fattah El Sisi received on Wednesday 18/4/2018 Board Chairman and CEO of French Orange Company Stéphane Richard in the presence of Minister of Communications and Information Technology Yasser el Qadi. (AllAfrica)

Ethiopia:Ethiopian Airlines Says Serves Over 4,000 Chinese Passengers Daily

[Focac] Addis Ababa -Close to 4,000 Chinese passengers use the Ethiopian airline's flight services on a daily basis, the Ethiopian Airlines Group revealed on Wednesday. (AllAfrica)

Egypt:Official - Egyptair to Resume Cargo Transportation On Flights to Canada

[Egypt Online] Preparations are underway to resume the service of cargo transportation on passenger flights from Egypt to Canada after a two-year hiatus, Chairman of EgyptAir Cargo Bassem Gohar announced on Wednesday 18/4/2018. (AllAfrica)

Zimbabwe:Blue Ribbon Foods to Commission Plant

[Zimbabwe Independent] BLUE Ribbon Foods (BRI), a subsidiary of Tanzania's Bakhresa Group, is set to commission its new US$5 million plant in August this year, businessdigest has learnt. (AllAfrica)