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African MP’s call for better business environment

African MP’s call for better business environment

Over 100 Members of Parliament from 40 African countries have agreed to step up efforts to improve the business environment on the continent by reviewing legislation linked to governance, trade barriers, and regional infrastructure in a bid to strengthen sustainable private sector development.

South Africa introduces new gambling tax

South Africa introduces new gambling tax

The South African government has announced new gambling tax plans, scrapping the proposed withholding tax on winnings above ZAR25,000 ($3,252).

Nelson Mandela to appear on South African bank notes

Nelson Mandela to appear on South African bank notes

South Africa has unveiled the new bank notes that will bear the image of former president Nelson Mandela. President Jacob Zuma made the announcement Saturday during a 22nd anniversary observance of the release of Mr. Mandela after nearly three decades in prison for his activism against apartheid.

IBM targeting Africa’s banking sector for new business

IBM targeting Africa’s banking sector for new business

US-based technology firm IBM has significantly expanded its African footprint over the past three years. The company has opened more than 20 new African offices in countries such as Kenya, Tanzania, Angola, South Africa, Ghana, Nigeria, Morocco, Egypt, Tunisia and Algeria.

Emerging from Charity to Capital Investment in Africa

Emerging from Charity to Capital Investment in Africa

The global economic recession isn’t going away any time soon. It will likely be worse than 2008 with the Euro debt hanging over us, the U.S. slow recovery, and China’s growth also slowing (but still strong). There is no magic bullet for what is ailing the world and the pain will be felt for a long time.

Why Siemens sees a business opportunity in Africa’s fast growing cities

Why Siemens sees a business opportunity in Africa’s fast growing cities

In 2010, Africa was the world’s least urbanised region, with only 40% of the population residing in cities. However, Africa is fast catching up, and is now the continent with the most rapid urbanisation. The African Development Bank reckons that 65% of Africans will live in cities by 2060.

What Africa will look like in 2060

What Africa will look like in 2060

By 2060, the majority of Africans will live in urban areas. It is expected that 65% of the continent’s population will reside in cities, up from the current 40%. East Africa is projected to remain the least urbanised, while it is possible that Central Africa will overtake Southern Africa by 2050.

How Google is building its brand in Sub-Saharan Africa (VIDEO)

How Google is building its brand in Sub-Saharan Africa (VIDEO)

From helping thousands of Kenyan businesses to build their own websites to launching Uganda’s own local version of YouTube, internet search giant Google has ramped up its operations significantly in Sub-Saharan Africa over the past four years.

Tanzanian industries move to salvage economy

Tanzanian industries move to salvage economy

The Confederation of Tanzania Industries (CTI) has called upon the government to speed up implementation of the projects earmarked to address the ongoing power problem. The CTI believes this will save billions currently being lost as a result of unreliable power supply.

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