Chinese mobile exports to Africa Dip
China appears to be facing a double whammy on the export front. Close on the heels of bearing the brunt of trade...
Australia’s Battery Minerals and US Urbix to set up J V in Mozambique
A Memorandum of Understanding to set up a joint venture was signed between the Australian mining company Battery Minerals and US graphite company, Urbix,...
Huawei Technologies Corp relocates its regional office to Ethiopia from DRC
(3 minutes read)
· Huawei Technologies Corp. in a bid to enhance its footprint in the Eastern Africa, will shift its regional office to Ethiopia...
China’s CRBC set to bag another railway project in Kenya
China Road and Bridge Corporation (CRBC) is all set to bag another Sh 2.5 billion contract to spruce up the Nairobi commuter...
Airtel treats Africa operations as its cash cow
Bharti Airtel’s Africa arm posted a quarterly net profit from loss, a year earlier. It was mostly due to an increase...
Managem ties with Chinese Wanbao Mining Group for gold mining
(3 minutes read)
· Managem, a Moroccan mining company, tied up with the Chinese Wanbao Mining Group, for undertaking gold extraction projects...
Lulu Group to explore sourcing, logistics facility in Nigeria
Lulu Group International, UAE based retailer giant is exploring business opportunities in Nigeria. After establishing sourcing and logistics facilities in South Africa...
Chinese plastic recycling company to set up second Kenya plant
Weeco, Chinese plastic bottle recycling company has announced its decision to set up its second Kenya factory in Mombasa at an estimated...
MTN to wind up Middle East operations
(3 minutes read)
· Africa's largest mobile operator, and South African telecom giant MTN, announced its withdrawal from the Middle East operations to concentrate on...
Airtel Africa quarterly results impressive: Pretax profit up
Airtel Africa Plc (AAFL.L) has more than doubled quarterly pretax profit. The company’s better bottom lines for the quarter were mainly due...
