Tuesday, September 25, 2018
The broad-based slowdown in sub-Saharan Africa is easing, and growth is expected to pick up to 2.6% in 2017 from last year’s 1.4%, the IMF said in its latest Regional Economic Outlook for sub-Saharan Africa. A recovery in oil production...
South African on-demand logistics startup, Droppa, is planning to expand to Cape Town and Durban in 2018 having established a decent foothold in Johannesburg, Tshwane and Ekurhuleni. Launched in April of last year, Droppa makes it easier and safer to transport household...
Financial Technology, or ‘FinTech’, is increasingly becoming a buzzword in parts of Africa’s technology and venture capital circles. Investment is growing at a fast rate and, in 2016, it was measured that there was an 84% increase in the...
The R71m Kenako Concrete manufacturing facility, located in the Coega Special Economic Zone (SEZ), is the first black industrialist in Port Elizabeth to be funded by the Department of Trade and Industry (dti) and the Industrial Development Corporation (IDC). The...
The Adelphi Centre in Sea Point, Cape Town, is currently undergoing extensive renovations. Once complete, it will offer a galleria-style shopping centre, renamed Artem, that combines art and shopping in the retail experience. The revamp is being undertaken by...
Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the...
Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coalbusiness into a standalone...
Finnfund, a Finnish development finance company, has invested $6m in Jumo, a financial services platform providing mobile financial services in emerging markets. Finnfund’s investment, which takes the form of a debt instrument, will support Jumo’s expansion in Africa and Asia...
The largest airport in Senegal will open its doors on December 7, after more than a decade of development and delays. Blaise Diagne International (AIBD) will have initial capacity for three million passengers per year, rising to 10 million per...
Droppa, a South African on-demand logistics startup, revealed on Monday 27 November 2017 that it is planning to expand to Cape Town and Durban in 2018 having established a decent foothold in Johannesburg, Tshwane and Ekurhuleni since its launch in...

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