The Americans Are Coming!
First it was the Chinese and now the Americans are heading to Africa. The US anticipates trade relations could reach up to 25 billion dollars. So what took our Yankee partners so long? CNBC Africa sat down with Anthony Foxx, US Secretary of Transportation, and Haroon Kumar, Assistant Secretary of Commerce for Global Markets.
Africa Should Fight To End Food Imports From Asia & Europe
Nigeria and other African countries cannot continue to depend on farmers in Europe and Asia to feed our populace as 60 per cent of Africa’s populace is in agriculture, this is according to Ndidi Nwuneli.
NAMPAK CFO Retires
Nampak has announced the resignation of its Chief Financial Officer, Gareth Griffiths, which was effective from 19 June 2015. Nampak confirms that it reached this decision on the advice and approval of its board of directors. An acting position to fill the space has already been made. Alan Howie, who is the group’s financial director…
Awethu Boosts S.Africa’s Entrepreneurs
Leading SME investment company has grown from a R60 000 start-up into an institution with R160 million to invest in its vision of curbing unemployment. Awethu is backed by institutions and people such as the Archbishop Desmond Tutu, the South African Government and Discovery Holdings on its quest to assist hardworking entrepreneurs. Awethu invests in entrepreneurs…
Unions Remain Unwavering On 100% Wage Increase
Workers sang and danced in and out of the stuttering gold mining pay talks on Wednesday as they look likely to stretch into September – even though an offer is expected next week.
Eskom Pleads For Tariff Hike, Big Business Warns Of Job Losses
Eskom says the application for a tariff hike serves to mitigate against further economy losses caused by load shedding. National Energy Regulator of South Africa (NERSA) begun its public hearing today into Eskom’s 25.3 per cent tariff increase application. Energy Analyst, David Lipschitz, said that they have been in this situation before in 2007. “We’ve…
Re: Need for a revamped CAC for competitiveness—The true position
We wish to refer to an article on the above subject on page 41 of The Guardian of June 4th, 2015 written by O.B Omatsuli. The article was not a true reflection of the state of affairs at the Commission as the author admitted that he had not been to the Commission for about five…
KENYAN SHILLING SLIPS IN EARLY TRADE, HURT BY DOLLAR STRENGTH
The Kenyan shilling slipped modestly in early trading on Tuesday, pushed lower by local demand for dollars and the strength of the U.S. currency in global markets.
CEOS CONCERNED OVER FISCAL DEFICITS
There is a call on government to apply a renewed focus to strike a fiscal balance and sustainability in order to reduce the cost of delivery.
Growth Prospects For Nigeria’s SMEs
‘90% of Nigerian businesses are SMEs’. This is according to the recent research compiled by IHS Holdings and the Economist Intelligence Unit on the state of Small and Medium scale Enterprises in Nigeria, CNBC Africa caught up with Issam Darwish, CEO and Founder of IHS Holdings Limited at the on-going World Economic Forum in Capetown, South Africa.