Industry

News : Industry

Nigeria: How Former Chief Justice Helped UK Firm Win U.S.$9.6 Billion Judgment Against Govt

[Premium Times] For the former Chief Justice, it was all business. (AllAfrica)


Mozambique: Third Credit Suisse Banker Pleads Guilty

[AIM] Maputo -Surjan Singh, the third of the three former executives of Credit Suisse, charged by the US justice authorities in connection with the scandal of Mozambique's "hidden debts", has pleaded guilty to one count of conspiracy to commit money laundering, according to a report by the Portuguese news agency Lusa. (AllAfrica)


Africa: Huawei, Africa and the Global Reach of Surveillance Technology

[Deutsche Welle] Accusations that Huawei helped Uganda and Zambia spy on opponents have intensified concerns about China exporting its digital surveillance tools to Africa. But Western companies are also selling spyware on the continent. (AllAfrica)


Namibia: NSX Lists First Energy Company

[Namibian] THE Namibian Stock Exchange has listed an energy company for the first time, a good sign of deepening and diversifying Namibian capital markets. (AllAfrica)


Angola: Chevron Seeks Partners in Benguela

[ANGOP] Benguela -The oil company Chevron seeking local partnerships in southern Benguela province to manufacture support equipment for the oil industry, an initiative that can create 700 direct jobs. (AllAfrica)


Nigeria: Veritas Kapital Assurance Appoints New MD/CEO

[Daily Trust] The Board of Directors of Veritas Kapital Assurance Plc has appointed Kenneth Edore Egbaran as substantive Managing Director and Chief Executive Officer of the company. Egbaran's appointment came after the resignation of Polycarp O. Didam. (AllAfrica)


Kenya: Tusker Safari Sevens Returns in Multi-Million Deal

[Nation] The Kenya Breweries Limited (KBL) will resume sponsorship of Safari Sevens tournament after almost a decade after announcing a Sh115 million three-year deal with Kenya Rugby Union (KRU) on Friday. (AllAfrica)


Zimbabwe: National Railways Deal Awaits Treasury Approval

[Zimbabwe Independent] Following a recent meeting of the National Railways of Zimbabwe (NRZ) board and a joint plenary session by stakeholders on the rail utility's US$400 million recapitalisation deal, the process has moved up to fiscal and monetary authorities for approvals before implementation can commence, the Zimbabwe Independent can report. (AllAfrica)


Kenya: Ethiopia Crash - Another Kenyan 'Set to Testify' Against Boeing

[Nation] The man from Nakuru County whose five relatives died in the March 10 Ethiopian Airlines plane crash says he is set to testify in a compensation case against aircraft manufacturer Boeing. (AllAfrica)


Zambia: Syndicate Hogging Major Construction Sub-Contracts On the Copperbelt

[Times of Zambia] A scam has been unearthed in which a cartel of local contractors and suppliers is accused of hijacking the bulk of the mandatory 20 per cent allocation of construction contracts reserved for Zambians. (AllAfrica)


South Africa: Old Mutual is Not 'Backing Down' on Litigation Between Itself and Peter Moyo

[Old Mutual] Old Mutual confirms it sent a legal letter to former CEO Peter Moyo's attorneys yesterday to provide clarity that it would not be seeking further court intervention relating to Mr Moyo's second letter of termination, but has certainly not "backed down" from its ongoing appeal process against an earlier judgement handed down in the High Court in the matter. Old Mutual has also reserved its rights in all respects relating to the existing or any future proceedings before the court. (AllAfrica)


Liberia: SRC Management Identifies With Cinta Townwship

[Observer] The general manager of the Salala Rubber Corporation (SRC), Shanid Allupy, has described as "essential" the component of the company' operation that has to do with community engagement. (AllAfrica)


Africa: Making African Airlines Competitive

[This Day] Despite the introduction and ratification of the Single African Air Transport Market in January 2018, African airlines are yet to take advantage of the treaty, writes Chinedu Eze. (AllAfrica)


Zimbabwe: Meikles to Finalise Its Hotel Disposal

[Zimbabwe Independent] MEIKLES group has once again expedited an extraordinary general meeting (EGM) that is expected to put closure to a deal that will see the group disposing its five-star hotel through a shareholders' nod. (AllAfrica)


Mozambique: Digital Migration - Mozambique Achieves in Two Years, South Africa Fails in Ten

[Daily Maverick] If you want to cut through the meandos, ask an engineer. The Zondo Commission of Inquiry into State Capture heard on 12 September how what should have been a simple migration process to Digital Terrestrial Television was hobbled by greed, ignorance, political interference and corporate sleight of hand. (AllAfrica)


Ethiopia: Interpol Identifies Remains of March 10 Ethiopian Airlines Crash Victims

[Capital FM] Nairobi -The International Police Incident Response Team (IRT) has identified the remains of all victims of the March 10 Ethiopian Airlines flight 302 crash, 48 of whom were matched through fingerprints. (AllAfrica)


Africa: Newmont Goldcorp Appoints New Head for Africa Operations

[Ghanaian Times] Newmont Goldcorp has announced the appointment of Francois Hardy to head its Africa operations, replacing Alwyn Pretorius, who has transitioned to the company's South America operations. (AllAfrica)


Ghana: Dr Ndoum Resigns From Board of Gold Coast Brokerage - Changes Company's Name

[Ghanaian Times] The Chairman of Groupe Nduom, Dr Papa Kwesi Nduom has resigned from the Board of Gold Coast Brokerage Limited. (AllAfrica)


Zimbabwe: Bindura Nickel Drags Tenant to Court for Failing to Pay Rentals

[New Zimbabwe] The Bindura Nickel Corporation Limited (BNC) has taken a tenant, one Masocha Mutengwa to court for failing to pay rentals amounting to US$9 600 and $3 059.22. (AllAfrica)


South Africa: Malema's Former Lawyer Fighting Possible Liquidation of His Firm

[News24Wire] Lawyer Tumi Mokwena, who is the former lawyer of EFF leader Julius Malema, faces an application for the liquidation of his law firm. (AllAfrica)


South Africa: Stability and Procurement the Biggest Issues At PRASA, Its Interim Board Chair Says in Parliament

[Daily Maverick] On Wednesday there was mild laughter when Prasa interim board chair Khanyisile Kweyama said her team had 'gagged' her about speaking about the embattled entity's problems. But, when she started speaking about procurement and stability issues at the state-owned entity, it was no longer a laughing matter. (AllAfrica)


Rwanda: PwC Says Keen on Learning Rwanda's Development Model

[New Times] Partners, board members and staff of PwC, a multinational professional services network, from over 10 countries have convened in Kigali to discuss innovative ways to develop their business and increase relevance. (AllAfrica)


Zimbabwe: Tourism Authority, National Carrier Partner

[The Herald] Zimbabwe Tourism Authority (ZTA) has partnered with Air Zimbabwe for the impending 2019 edition of Sanganai/Hlanganani World Tourism Expo as the official domestic carrier, an official has said. (AllAfrica)


Namibia: Agribusdev's Workers Unpaid for August

[Namibian] AUSSENKEHR-BASED workers of the state-owned Agricultural Business Development Agency (Agribusdev) have threatened to take unspecified action in view of unpaid salaries for August. (AllAfrica)


South Africa: Shareholder Support Is Eskom's Only Short-Term Option

[SAnews.gov.za] Eskom chairperson Jabu Mabuza says Eskom has run out of its borrowing abilities and that it's only short-term option is to turn to the shareholder for support. (AllAfrica)


South Africa: Motsoeneng - 'We Enjoyed Curry At the Gupta Residence'

[News24Wire] Embattled former SABC COO Hlaudi Motsoeneng has denied that he took former group CEO Lulama Mokhobo to meet the Gupta family at their residence in Saxonwold, Johannesburg without her knowledge. (AllAfrica)


Kenya: Choppies Set to Exit Kenya Over Poor Show

[East African] Choppies Supermarket--which has its roots in Botswana--has revealed plans to exit the Kenyan market four years after acquiring Ukwala stores for Ksh1 billion ($10 million). (AllAfrica)


Nigeria: Onuoha - Our Target Is 65 Million Customers By 2022

[This Day] The Head, Business Development, Access Bank Plc, Mr. Chinedu Onuoha, in this interview, says the bank aims to grow its customer base to 65 million by targeting the unbanked Nigerians. Excepts: (AllAfrica)


Zimbabwe: Malaysia Clears Air Zim Aircraft

[The Herald] A MALAYSIAN firm has cleared the release of two aircraft acquired by Air Zimbabwe, with delivery of the first one expected soon, a senior Government official has revealed. (AllAfrica)


Kenya: Tough Times Choppies Staff Receive Termination Letters

[Nation] One of the oldest and most famous supermarkets in Nakuru town - Choppies - has laid off its employees as the management cites hard economic times. (AllAfrica)


Zimbabwe: Power Utility Switches Off Defaulting Mugabe, Mutsvangwa Farms

[Zimbabwe Independent] The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of Zesa Holdings, last week disconnected power supplies to farms belonging to former president Robert Mugabe and Information minister Monica Mutsvangwa, among other high-profile individuals, over unpaid bills. (AllAfrica)