News : Industry

Zimbabwe: Ex-VP Mphoko Quits Choppies Supermarket

[New Zimbabwe] FORMER state Vice President Phelekezela Mphoko and family have finally quit Choppies Supermarkets Zimbabwe, bringing to an end a protracted battle for control of the Botswana owned retail giant between the parties. (AllAfrica)

Zimbabwe: Govt Avails U.S.$400 Million Credit Facility

[Zimbabwe Independent] Government has swiftly moved to avert a potential catastrophe by availing an emergency US$400 million credit facility to manufacturing companies for the importation of critical raw materials, the Zimbabwe Independent can reveal. (AllAfrica)

Zimbabwe: Economic Turmoil Threatens Commercial Bank Topline

[Zimbabwe Independent] ZB Holdings sees its topline earnings growing 20% in the current financial year but warned this could be affected by the current economic turmoil that has seen cost structures shoot through the roof, businessdigest has learnt. (AllAfrica)

Africa: Africa Should Be Building Private-Public Parternships in Education

[The Conversation Africa] Private-public partnerships have become a common strategy for countries all over the world to meet their development goals. In the global north, these partnerships - which bring capital and expertise together - tend to focus on developing infrastructure. That includes energy, ports, rail and fibre networks. (AllAfrica)

Africa: How Multinationals Avoid Paying Their Taxes

[allAfrica] Cape Town -Two pioneering studies which expose in new detail how multinational corporations avoid paying tax in a developing nation are likely to intensify pressure on the largest firms operating in Africa to pay their fair share of taxes to the countries in which they earn their profits. (AllAfrica)

Tanzania: How Much Will Tanzania Spend to Service Its Bombardiers?

[East African] The Tanzanian government Tuesday said it will spend less than Tsh6 billion ($2.6 million) on maintenance of its two Bombardier Q400-8 aircraft in Canada. (AllAfrica)

Africa: Underdogs Threaten Africa's Darling Airlines

[The Exchange] A battle for African skies is brewing as competition becomes tougher for darling and established airlines. (AllAfrica)

Africa: Angolan Airlines Among Continent's Best Firms

[ANGOP] Luanda -Angolan Airlines (TAAG) has been included in the top ten African firms of 2018, in a list led by the Ethiopian Airlines, as revealed by a passengers and experts votes conducted by Skytrax World Airline Awards. (AllAfrica)

Zimbabwe: Mutsvangwa Slams Govt's 'Forex Allocation Economy'

[New Zimbabwe] Outspoken Zimbabwe war veterans' association chair, Chris Mutsvangwa has slammed government and the central bank for cherry-picking local firms to favour with scarce foreign currency allocation at the expense of the rest. (AllAfrica)

Kenya: CarePay Receives Kes 150 Million Grant From AFD to Improve M-Tiba

[CIO] CarePay has received a KES 150 million grant from Agence Française de Développement (AFD) to further build the functionality and reach of the M-TIBA platform. (AllAfrica)

Liberia: GT Bank Hooked in U.S.$100m Damages Lawsuit

[Observer] GT Bank Liberia managing director, Ayodeji Bejide, allegedly injured employee Edward Freeman by throwing a calculator at him, causing a serious injury to his lips. (AllAfrica)

Mozambique: Australian Mining Firm Announces Commercial Production At Balama

[AIM] London -The Australian mining company Syrah Resources has announced that it has begun commercial production of graphite at its mine in Balama district, in the northern Mozambican province of Cabo Delgado. (AllAfrica)

Nigeria: Otedola Moves to Acquire Forte Oil Upstream, Power Firm

[Premium Times] The majority shareholder of Forte Oil Plc, Femi Otedola, is planning to buy out the company's upstream services and power distribution firm to be ratified by the shareholders on February 7. (AllAfrica)

Namibia: Telecom Namibia's Switching Trunk for Voice-Based Services Partially Fail in Windhoek

[Namibia Economist] Telecom Namibia's Switching Trunk for Voice-based services partially failed this week, leading to a number of complaints from customers across the country who were unable to use their fixed-line services to make a call to Windhoek. (AllAfrica)

West Africa: Nigerian Coy, MOB Integrated, Emerges Largest Supplier of LPG in West Africa

[Vanguard] Petroleum marketing company in Lagos, MOB Integrated Services Limited, is now the largest supplier of Liquefied Petroleum Gas (LPG) in West Africa, delivering over 25,000 metric tonnes (MT) monthly across the sub-Sahara Africa, including Nigeria, Republic of Benin and Ghana. (AllAfrica)

Namibia: Multichoice Talent Factory Kicks Off 2019 With Inaugural Masterclasses

[Namibian] The MultiChoice Talent Factory (MTF) programme will roll out a series of masterclasses which will present the industry with Best in Class workshops to increase their upskilling outreach to established film and TV industry professionals. (AllAfrica)

Namibia: Current Challenges Faced By New SMEs

[New Era] Windhoek -As the Namibian economy continues to navigate economic challenges; the knock-on effect on consumers is one of the main issues keeping new SMEs awake at night. (AllAfrica)

Liberia: GT Bank Suffers Setback

[NEWS] The Civil Law Court "B" at the Temple of Justice in Monrovia has denied Guaranty Trust Bank's motion to drop a US$1 million damage case between it and a former employee. (AllAfrica)

Ethiopia: Hyatt Regency Opens Hyatt Hotel Addis Ababa

[The Exchange] American multinational hospitality company, Hyatt Hotels Corporation has unveiled its first Hyatt branded hotel in Ethiopia as it continues to gain ground in the continent. (AllAfrica)

Namibia: Small Business Owners Should Borrow Wisely - Development Bank

[Namibia Economist] The Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication Jerome Mutumba, warned that when Small and Medium Enterprise (SME) owners set out to apply for finance with a high degree of confidence and certainty there is great risk that the results of the operation may fall short of expectations. (AllAfrica)

Nigeria: Dangote Refinery Receives Crude Cracker, Begins Equipment Installation

[Guardian] The Dangote Oil Refining Company (DORC) Limited, said it took delivery of one of the major components of its refinery equipment; the regenerator for the residual Fluid Catalytic Cracker last week. (AllAfrica)

Africa: Getting a Bead On the 5G Business Case for Africa - Looking Beyond the Vendor Hype for Real Revenues

[Balancing Act] London -Like all new technologies, 5G has been accompanied by a gassy wave of hype. It's now at the moment when the hype has to convert into actual business cases. Russell Southwood spoke to Dr John Naylon, CTO and Founder of CBNL and a member of the Advisory Board of UK5G about the timelines for Africa and what revenue case might work best. (AllAfrica)

Tanzania: Spanish Firm to Design Top-Level Lake Victoria Ferry

[East African] South Korean firm GAS Entec has contracted Spanish engineering and technology group Sener to design a 1,200-passenger ferry to ply Lake Victoria under the Tanzanian state-run shipping line, Marine Services Company. (AllAfrica)

Zimbabwe: Chivayo Must Answer Fraud Charges - Justice Musakwa

[Zimbabwe Standard] Controversial businessman Wicknell Chivayo must stand trial to answer to fraud allegations levelled against him over the Gwanda solar project, a High Court judge has ruled. (AllAfrica)

Ghana: Rendeavour Rolls Out American Tower Communications Infrastructure in Ghana

[PR Newswire] Accra, Ghana -Appolonia City has partnered with ATC Ghana, a subsidiary of American Tower Corporation, to deploy cell towers within Appolonia City's 2,325-acre development in Greater Accra. The first cell tower has already been installed, enhancing connections for current residents and businesses at Appolonia City. (AllAfrica)

Kenya: Hard Times Ahead for Kenyan Fund Managers

[East African] Fund managers in Kenya are working to safeguard pension funds from further erosion by a protracted bear run at the stockmarket. (AllAfrica)

East Africa: East Africa's Bourses Losing Investors to PE Firms

[East African] East African stockmarkets are gearing up for stiff competition from private equity investments this year, with analysts saying it will make matters worse for the already struggling exchanges. (AllAfrica)

Rwanda: Rwandair Expansion Plan On Course As It Signs Deal for Direct Flights to Israel

[East African] Rwanda's national carrier has announced that it will "soon" start flights to Tel Aviv, Israel, after the two countries signed a bilateral air service agreement (Basa) on January 7. (AllAfrica)

Rwanda: Sonarwa Looks to Improve Service Delivery Among Its Clients

[New Times] SONARWA (Societe Nouvelle D'assurance du Rwanda) insurance company Ltd, looks to improve its service and ensure pluralism of innovative products to reach its customer satisfaction. (AllAfrica)

Tunisia: Wind Power Production - Licenses Granted to Four Foreign Companies

[Tunis Afrique Presse] Tunis/Tunisia -The Ministry of Industry and Small and Medium-sized Enterprises granted licenses to four foreign companies producing electricity from wind with a 120 Megawatt generating capacity and an overall investment of 400 million Tunisian dinars. 76 direct and indirect jobs are expected to be created. (AllAfrica)

Liberia: GVL Executives 'Banned' From Leaving Liberia

[NEWS] The Associate Judge at the Commercial Court at the Temple of Justice in Monrovia, Chan-Chan Paegar has placed a travel ban on officials of Golden Veroleum Liberia (GVL) Incorporated from leaving the country as a result of ongoing lawsuit against the company. (AllAfrica)