News : Industry

Africa:Africa Solar Home System Provider Powers Up With France's Engie

[Thomson Reuters Foundation] Barcelona -French utilities company ENGIE has agreed to acquire Uganda-based Fenix International, a provider of solar home systems in Africa, in a deal the two firms said would help boost access to electricity on the continent. (AllAfrica)

Namibia:It Is Just a Technical Glitch, We Were Not Hacked - Pick n Pay

[Namibia Economist] Pick 'n Pay Namibia this week refuted claims that their electronic payment system at its stores was hacked and stated that the duplicate transactions being experienced are due to a technical error. (AllAfrica)

Zimbabwe:Revenue Collector Beats Target, Collects U.S.$1 Billion

[The Source] Zimbabwe's gross revenue collections in the quarter ended September amounted to $1,03 billion surpassing the target of $863 million by 19 percent, the tax agency said on Thursday. (AllAfrica)

Zimbabwe:Govt to Revive Ziscosteel

[263Chat] Minister of Industry and Commerce, Mike Bimha on Thursday confirmed that government had signed an agreement with a Hong Kong investor to revive Zimbabwe's giant steel making company, Ziscosteel. (AllAfrica)

Zimbabwe:Beverage Company Resumes Exports

[Zimbabwe Independent] Schweppes Zimbabwe Ltd (SZL) says it has in Q3 2017 resumed beverage exports to selected regional markets and is expecting in excess of US$2 million in export revenue in Q4 2017. (AllAfrica)

Tanzania:Acacia Shares Up At London Stock Exchange After Deal with Govt

[Citizen] Dar es Salaam -Soon after striking an agreement with the Tanzanian government, shares in London-listed Acacia Mining Plc rocketed up more than 20 per cent. (AllAfrica)

Nigeria:Ford Assembly Plant Berths in Lagos, to Produce 20,000 Vehicles Yearly

[Guardian] Coscharis Group has unveiled its Ford assembly plant in Lekki area of Lagos. It has the capacity to produce 10,000 to 20,000 cars yearly. (AllAfrica)

Uganda:Australian Oil Firm Armour Energy Joins Uganda's Upstream Oil Sector

[Oil in Uganda] Government of Uganda signed a Production Sharing Agreement (PSA), and issued a License for Petroleum Exploration, Development and Production over the Kanywataba Contract Area with Armour Energy Limited (AEL) from Australia. The exploration license was signed on Thursday, September 14 at Amber House in Kampala. Energy Minister, Irene Muloni signed on behalf of government, while Armour Energy Limited was represented by its Chief Executive Officer. The Kanywataba Contract Area is located in Ntoroko district. (AllAfrica)

Africa:Dell Commits U.S.$37 Million to Bridge ICT Divide

[CAJ News] Johannesburg -DELL, the multinational computer technology company, has donated US$37 million to science, technology, engineering and mathematics (STEM) globally since 2014. This has given millions of children access to technology and resources needed to explore STEM fields. The United States-based firm is on track to donate an additional $14 million to STEM initiatives this fiscal year, reaching over 4 million underserved youth. "We believe that the future belongs to those who can build digital technologies and those wh (AllAfrica)

Zimbabwe:City Meets Business Community

[The Herald] The City of Harare has engaged the business community and property owners in the central business district to come up with a framework for the renewal of the inner city in a bid to restore a conducive business environment. Plans to revamp the city will include setting up structures that accommodate both small and large businesses operations. (AllAfrica)

South Africa:Key Eskom Witnesses Fail to Appear At Koko's Disciplinary Hearing

[Daily Maverick] After some initial delays, the disciplinary hearing of suspended head of generation and former acting CEO at Eskom, Matshela Koko, got off to a rocky start at about 5pm on Wednesday 18 October 2017 in the Franklin Auditorium at Eskom Megawatt Park, Johannesburg. By CHRIS YELLAND, investigative editor, EE Publishers. (AllAfrica)

Zimbabwe:Zimswitch to Launch Payment System

[Zimbabwe Independent] Zimswitch says it plans to launch two payment streams simultaneously with other Sadc countries that are expcted to complete their trial runs on a cross-border payment system by July next year . (AllAfrica)

Namibia:Central Bank Warns Against MLC247 Participation

[Namibian] The Bank of Namibia this week warned members of the public against taking part in an online financial "potential fraudulent" scheme known as MyLife Change 247, as the scheme contravenes the country's banking laws. (AllAfrica)

Zimbabwe:South Koreans Eye Power Projects

[Financial Gazette] A South Korean delegation is in the country doing market research on bankable power projects, with the aim of initially investing in a 100 Megawatt (MW) plant, The Financial Gazette has learnt. (AllAfrica)

Mozambique:Rio Tinto Charged With Fraud Over U.S.$3.7 Billion Deal

[Mozambique News Reports And Clippings] Rio Tinto and two former bosses were charged with fraud Tuesday by the US regulator, the Securities and Exchange Commission (SEC), over how they accounted for their disastrous purchase of the Riversdale coal mine in Tete. Rio Tinto bought Riversdale in 2011 for $3.7 billion, and sold it in 2014 for $50 million to the Indian state company ICVL (International Coal Ventures Ltd). (AllAfrica)

Nigeria:Communities Laud Okomu Oil Palm On CSR

[Guardian] Benin City -At least 10 communities in the Okomu Oil plantation operations field in Ovia North East and Ovia South West Local Councils in Edo State have adjudged Okomu Oil Palm company as partners in progress for living up to its corporate social responsibility. (AllAfrica)

Zimbabwe:Subscription Video Firms to Boost Local Content Creators' Fortunes

[Zimbabwe Independent] IFlix is another subscription video-on-demand (SVoD) service provider that a few months ago announced the launch of iFlix Africa which has been bringing its world-class service to sub-Saharan Africa. iFlix Africa is headquartered in Cape Town, South Africa and trades commercially as 'iFlix'. (AllAfrica)

Tanzania:Nicol Eyes Dar Bourse Re-Listing

[Daily News] NATIONAL Investment Company Limited (NICOL) Group has posted a slight profit increase in the first half of this year as it revives re-listing bid on Dar es Salaam Stock Exchange (DSE). (AllAfrica)

South Africa:Committee Questions Legality of Gigaba's SAA Bailout

[Notes from the House] The Chairperson of the Standing Committee on Finance, Yunus Carrim, wants the Auditor General to decide on the legality of the recent South African Airways (SAA) bailout. (AllAfrica)

South Africa:Zuma Appoints Loyalists - Hands Off the SABC!

[R2K] Noting that the delay in appointing a permanent board for the SABC board was unlawful, unconstitutional, and tantamount to undermining the National Assembly, R2K notes with concern that Zuma has appointed loyalists to lead the SABC board. Zuma's Chairperson, Bongumusa Makhathini, is currently the Chairperson of one of the Zuma family's foundations (Ngema-Zuma Foundation). Makhatini's Deputy Chair, Febe Potgieter-Gqubule, whilst she was part of the interim Board that did a sterling job, is a close associate (AllAfrica)

Sierra Leone:President Koroma Assures Airtel/Orange SL

[Sierra Leone Government] President Dr Ernest Bai Koroma has assured the management of Orange Sierra Leone of government's continuous support to private sector players. (AllAfrica)

South Africa:Myeni Still SAA Board Chairperson Until 3 November

[DA] The DA notes with concern the Minister of Finance, Malusi Gigaba's, statement which effectively means that Dudu Myeni shall remain as Chairperson of the South African Airways (SAA) board until his "special meeting with the new board" on the 3rd of November 2017, which also seems to have replaced the scheduled and vital AGM. (AllAfrica)

Namibia:South African-Based Crowdfunding Scheme Illegal

[New Era] Windhoek -MyLife Change247 (MLC247), a South African-based company that describes itself as a peer-to-peer global funds exchange community, has been deemed illegal in Namibia because it contravenes the provisions of the Banking Institutions Act. (AllAfrica)

Zimbabwe:Debt to Equity Plan for Textiles Firm

[Financial Gazette] The judicial manager of troubled Bulawayo-based textiles firm, Merlin (Pvt) Limited, will this week present a report to creditors in which he is proposing the conversion of debt into equity. (AllAfrica)

Zimbabwe:What's Going On At Air Zimbabwe?

[Financial Gazette] There is some merit to assertions that aviation, in poor countries such as Zimbabwe, is an elitist pursuit. (AllAfrica)

South Africa:Cope Welcomes the Removal of Myeni, but What About the Patient?

[COPE] Whilst COPE welcomes the long overdue removal of Dudu Myeni as chairperson of SAA, her removal talks less to positive action by Zuma, but rather to continual pressure exerted by opposition parties, civil society groupings, and financiers. (AllAfrica)

South Africa:Finance Minister Announces SAA Board

[] Finance Minister Malusi Gigaba has announced the appointment of new members to the South African Airways (SAA) Board. (AllAfrica)

South Africa:New Broadcasting Board Chair Shrugs Off 'Exaggerated' Zuma Links

[News24Wire] New South African Broadcasting Corporation (SABC) board chairperson Bongumusa Makhathini has shrugged off, what he terms, "exaggerated" perceptions of political links to President Jacob Zuma. (AllAfrica)

Kenya:High Court Now Allows Nakumatt's Eviction From Junction Mall

[Nation] The owners of the Junction Mall have closed an outlet belonging to Nakumatt Supermarkets after the High Court set aside orders that allowed the troubled retailer escape an initial eviction bid two weeks ago. (AllAfrica)

Zimbabwe:Barclays Leaders Key to Transition - Mandiwanza

[Financial Gazette] British lender Barclays Plc last week concluded the disposal of its Zimbabwean unit to Malawi's FMB Capital Holdings (FMBCH) after it was given the greenlight by regulatory authorities to sell 81 percent of its shares in Afcarme, the majority shareholder of Barclays Bank Zimbabwe (BBZ). Barclays Plc will retain 19 percent shareholding in Afcarme for a period of up to three years, giving FMBCH an effective 42,7 percent shareholding in BBZ, with Barclays Plc retaining an effective 10 percent ownership. The f (AllAfrica)

Nigeria: Coca-Cola Unveils U.S.$20 Million Safe Birth Initiative

[Leadership] The Coca-Cola Company is set to launch a new program tagged, 'The Safe Birth Initiative' aimed at supporting the ministries of Health in Nigeria and Ivory Coast to tackle the high incidence of maternal and newborn mortalities. (AllAfrica)