Smile Telecom to expand African wireless with $365 mln
Smile Telecoms Holdings Ltd, which owns and operates mobile wireless 4G LTE broadband networks in Nigeria, Tanzania and Uganda, has raised $365 million in debt […]
South Africa
Tanzania: new talks for $800 Mln loan to strengthen currency
The Tanzanian Minister of Finance said on Wednesday that his country will resume discussions for the $800 million loan from international lenders after abandoning an […]
Nestlé to use only sustainably sourced cocoa from the Q1 2016
Nestlé plans to source only sustainable cocoa for its global KitKat brand in order to strengthen consumer trust. All KitKat bars will be made with […]
Swaziland: Crash en route to royal ceremony kills dozen – Official
Swaziland’s police spokesperson Inspector Phindile Vilakati has confirmed on Sunday that 11 young women and two men died in a road accident at the weekend […]
South Africa’ Zuma asked mining and steel companies to limit job cuts
South Africa President Jacob Zuma has asked mining and steel companies to limit job cuts as falling commodity prices put profits at risk. “We urge […]
South Africa: MTN H1 profit declines by 11%
MTN Group Ltd., Africa’s largest wireless operator, on Wednesday reported a decline in revenue both locally, and at the group level, for the first six […]
Zambia: Dangote Cement plans $900 Mln investment
Dangote Cement plans to double investment in Zambia to around $900 million by building a second cement plant, the company’s vice-president said on Tuesday. Dangote […]
South Africa: Telkom Cuts 2,393 Jobs
Telkom SA SOC Ltd., the South African landline operator, and its unions have forged an agreement to manage restructuring and retrenchments at the state-owned telecommunications […]
Diageo and Heineken end partnership in South Africa and Namibia
The drinks maker, Diageo is pulling out of its South African and Namibian joint ventures with Heineken and local partner Ohlthaver & List. Diageo Plc […]
Vodacom Group appoints new chief financial officer
Vodacom Group Ltd., the South African unit of Vodafone Group Plc, appointed Till Streichert as chief financial officer after Ivan Dittrich resigned. Ivan Dittrich, chief […]