Wednesday, October 18, 2017

South Africa’s tax service takes KPMG to court

PRETORIA (Reuters) - South Africa’s tax agency said on Monday it will launch legal proceedings against KPMG for reputational damage caused when the auditor...

AFDB approves $55m loan for 3 solar PV projects in Egypt

The African Development Bank (AfDB) Group approved three major loans worth $55m in order to finance three solar PV projects. This comes under the...

Zambia hosts Africa private sector job creation forum

ZAMBIA is scheduled to host the first Africa Forum on Private Sector Inclusive Green Growth and Job Creation where local and international experts will...

South African Airbnb hosts rank high

Cape Town - Brazil, Russia, India, China and South Africa (BRICS) hosts have made approximately $476 million the past year, according to a report...

Egypt and Tanzania set bilateral cooperation on track

Dar es Salam, In his African tour visiting Tanzania, Rwanda, Chad, and Gabon, Egyptian President Abdel Fattah Al- Sisi arrived in Tanzania's capital "Dar...

Africa is undeniably rich in culture and history.

By: Mona Alam El Din The continent has many diverse attractions that appeal to people from all over the world. Every day, thousands of...

East Africa interconnected by the Madaraka Express

Nairobi, After three years of construction, Kenya launched the Madaraka Express, its high speed railway connecting the port city of Mombasa to the capital of Nairobi....

New Sparta Energy established to develop renewable energy projects in Africa

Investment manager New Sparta Asset Management (NSAM) has set up New Sparta Energy to develop renewable energy projects in Africa.  New Sparta Energy’s role...

Nigeria-Benin Rail Line Underway

A standard gauge rail line stretching from Parakou in Benin Republic will terminate in Ilorin, central Nigeria, upon completion, as part of a budding...

Nigeria’s 2019 Deadline to End Fuel Importation “doable”

The Nigerian National Petroleum Corporation has disclosed that the first batch of the three new gas power plants it plans to build in Abuja,...

Tanzania: Mega Oil Pipeline Projects to Spur Economic Growth

The government, yesterday, announced plans to set up three mega oil-pipelines connecting the seaports of Tanga and Dar es Salaam to upcountry regions and...

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DuPont Clean Tech to help tap Egyptian gas field

DuPont Clean Technologies signed a contract with Kinetics Technology (KT) for Eni’s giant Zohr deepwater gas field in the Egyptian Exclusive Economic Zone of...

Countries need to build on automation, innovation, talentism and financial stability

The World Economic Forum’s Global Competitiveness Report for 2017-2018 has identified corruption, crime and political instability as the biggest barriers for countries competitiveness development. A decade on...

Coca-Cola Nigeria to spend $600m on new products

Coca-Cola Company’s Nigerian operation will invest $600m by 2020 to boost sales, in line with a global strategy to extend the product range beyond...