News : Industry

Nigeria:Glo Named Fourth Most Admired African Brand

[Guardian] The telecommunications company, Globacom, has been named as the fourth most admired African Brand, according to the 2017/2018 survey conducted by Brand Africa. The results are in the current edition of African Business magazine, a business-oriented journal based in South Africa. (AllAfrica)

Africa:Google's Project Loon Balloons to Beam High-Speed Internet to Rural Africa

[This is Africa] Googles Project Loon is using a network of balloons to provide internet connectivity. The technology is ideal in disaster scenarios and for facilitating connectivity to remote areas around the world. (AllAfrica)

Nigeria:Why We're Shutting Down Agbara Plant - P&G

[Premium Times] A leading FMCG (Fast-moving Consumer goods) in the Nigerian market, Procter & Gamble (P&G), has provided a reason for deciding to shut down its Agbara plant. (AllAfrica)

Egypt:Mulla - Debts to Foreign Oil Companies Drop to U.S$1.2 Billion

[Egypt Online] Friday 06 July 2018 - 10:27 AM (AllAfrica)

Liberia:Business Community Petitions Legislators

[Observer] The petitioners paraded on the ground of the Legislature with placards of various petitions (AllAfrica)

Liberia:Pres Weah Rejects Hummingbird Deal

[Observer] President George M. Weah (AllAfrica)

Uganda:MTN Complain of Raid On Data Centre

[Monitor] Leading telecom operator, MTN Uganda, has complained to government over what it termed as trespass into its data center and disconnection of its servers at Mutundwe, Kampala. (AllAfrica)

Zimbabwe:Mining Companies Exempted From Paying Wage Increment

[Zimbabwe Independent] Thirty mining companies have successfully applied to be exempted from paying the 2018 minimum wage increment amid viability concerns. (AllAfrica)

Tanzania:MTN Launches Rwanda-Tanzania Mobile Money Services

[CAJ News] Kigali -MTN Rwanda has opened a mobile-to-mobile remittance service between the country and Tanzania. The service enables MTN Mobile Money users in Rwanda are now able to send money to Airtel Tanzania subscribers through the MFS Africa Hub. (AllAfrica)

Namibia:Two Rössing Employees Cleared of Fraud

[Namibian] The Rössing Uranium mine's internal disciplinary committee has found two employees not guilty of fraud. (AllAfrica)

Zimbabwe:Sakunda Plans Power Exports

[Zimbabwe Independent] Sakunda Holdings is in negotiations with the Zimbabwe Regulatory Authority (Zera) and other statutory bodies to export electricity from its 200-megawatt Dema Power Plant to Zambia before year end, businessdigest can exclusively reveal. (AllAfrica)

Namibia:Africa's Top Talent to Grace Telecoms Giant's Musical Charity Festival

[Namibia Economist] Telecommunications firm (MTC) announced this week that it will host music festival, in celebration of its 100% population coverage projected called the 081Every1, on for 11 August at the Sam Nujoma Stadium. (AllAfrica)

Kenya:How Kenya Power Dug Itself Into a Hole

[Nation] Kenya Power on Wednesday provided incomplete and contradicting information in defence of its transformer purchase programme. (AllAfrica)

Kenya:ERC Extends Discounted Electricity to All Night Firms

[Nation] The power discount scheme will be extended to all businesses operating at night as the energy regulator targets the idle capacity in its latest push for 24-hour production. (AllAfrica)

East Africa:Plantronics Completes Acquisition of Polycom

[CIO] Plantronics announced today that it has completed its acquisition of Polycom. The acquisition of Polycom will accelerate and expand Plantronics' vision and enable it to deliver the broadest portfolio of end points in the Unified Communications and Collaboration (UCC) ecosystem. (AllAfrica)

Zimbabwe:African Sun Appoints New Chairman

[The Herald] Harare -Hospitality group, African Sun Limited, has appointed Mr Alex Makamure as the new board chairman with effect from June 29, 2018. Mr Makumure takes over the reign of the board from Herbert Nkala, who stepped down on June 28. Prior his ascendency to board chair, Mr Makamure served as the finance and audit committee chair. (AllAfrica)

Zimbabwe:Local Business Warned

[The Herald] Local businesses should scale up consumer relations etiquette or risk losing out on the expected influx of foreign businesses that are showing increased interest in investing in Zimbabwe, the Chartered Institute of Customer Relations Management (CICRM) has warned. (AllAfrica)

Nigeria:P&G to Shut Down $300 Million Production Plant, One Year After Launch

[Premium Times] About a year after commissioning its largest Nigerian plant, Procter & Gamble (P&G) is set to shut the plant. (AllAfrica)

Kenya:Nakumatt Gives Up Seven Stores in Fresh Revival Plan

[Nation] Troubled retailer Nakumatt has surrendered seven branches and retained a similar number in a new rescue plan that the firm's administrator says is not dependent on any external capital injection or bank borrowing to succeed. (AllAfrica)

Ethiopia:Ethiopian Airlines Receives First of 30 737 Max From Boeing

[This is Africa] Ethiopian Airlines, Africa's largest and fastest-growing commercial airline is celebrating the delivery of the first of 30 737 MAX jets from Boeing. The airline will have the largest 737 MAX fleet in the continent. (AllAfrica)

Liberia:Atlantic Insurance Company Wants Police Probe Burglary

[Observer] Atlantic security says its officers arrested Richmond Lackay while trying to jump from the roof of the building to escape. (AllAfrica)

Zimbabwe:Mobile Network Operators Comply With Potraz Directive

[263Chat] Zimbabwe's leading mobile network operators (MNOs) yesterday complied with a Postal and Regulatory Authority of Zimbabwe (Potraz) directive to slash mobile Internet data tariffs by 60%. (AllAfrica)

Kenya:Uchumi Closes More Branches, Seeks U.S.$10 Million

[East African] Uchumi Supermarkets has quietly closed more branches in Kenya as the chain looks to secure $10 million in emergency funding to stay afloat. (AllAfrica)

Mozambique:Heroin is Country's Second Biggest Export

[Mozambique News Reports And Clippings] Mozambique is a significant heroin transit centre and the trade has increased to 40 tonnes or more per year, making it a major export which contributes up to $100 mn per year to the local economy. For 25 years the trade has been controlled by a few local trading families and tightly regulated by senior officials of Frelimo, the ruling party, and has been largely ignored by the international community which wanted to see Mozambique as a model pupil. (AllAfrica)

Rwanda:New Rwanda Bean Coffee Company Opens in U.S.

[New Times] A new Rwandan owned coffee shop and roaster has officially opened its doors in South Portland, a city in Cumberland County, Maine, United States. (AllAfrica)

Zimbabwe:'Insurance Companies Should Educate Customers On Products'

[The Herald] Insurance companies should adequately explain their products to customers so that they can make informed decisions before buying policies, the Insurance and Pensions Commission (IPEC) has said. The insurance regulator said policyholders should also read the terms and conditions of the policies they want to buy or seek clarification from the insurer to check if they are in agreement with the conditions. (AllAfrica)

Zimbabwe:Insurers Profit Jumps 250%

[The Herald] Non-life insurance companies registered 250 percent growth in profits to $33,6 million in the 12 months to December 2017, according to Insurance and Pensions Commission (IPEC)'s 2017 fourth quarter report. Total profit was reported at $13,40 million in the comparative period in 2016. (AllAfrica)

Zimbabwe:Colcom Speaks On Smaller Pies

[The Herald] Colcom Foods has blamed the contentious size of its pies on their plant that was commissioned in August 2015, principally to increase production and meet growing demand. The company said while it expected the new machinery to produce pies of the same size as the ones made by the previous machine, it has not been the case. (AllAfrica)

Ethiopia:Ethiopian Takes Off With New Engines

[Addis Fortune] The engine procurement and maintenance deal is worth $917.5m (AllAfrica)

Ghana:Betway Boss Unveils Package to Fans

[Ghanaian Times] ONLINE betting outfit Betway has reaffirmed their commitment to ensuring that customers across the country are given the opportunity to win cash during the World Cup period and beyond. (AllAfrica)

Zimbabwe:World Cup Boosts Econet's Data Usage Through Kwese

[263Chat] The Fifa 2018 World Cup tournament has been a boon for the uptake of Kwesé iflix, Econet Media's recently launched video-on-demand service, which offers top sports and entertainment content on mobile phones, tablets and other multimedia platforms, everywhere - on the go. (AllAfrica)