AfricaHot news

African expansion and refinancing

South African corporate borrowing is being driven through expansion into Africa coupled with refinancing activities, especially as a slower domestic economy curbs the need for bank loans and bond issuance required for local expansion, according to Standard Bank
AfricaHot news

Movitel evidence of Viettel’s business model in Africa

Movitel, a joint venture between Vietnam’s telecommunication Viettel Group and Mozambique’s SPI, has won the Mobile Innovations Awards for enterprises in the Europe, Middle East and Africa (EMEA) region. This is the third consecutive year in a row that Movitel has been selected for the coveted award for its achievements and innovation in mobile technology.
AfricaHot news

Investment of USD 33 billion in Africa

The United States has committed to invest USD 33 billion in Africa -this was the message from the recent U.S. Africa Leaders’ Summit hosted by the U.S. Department of State. The U.S. government and private companies, having ostensibly recognised that European, Indian and Chinese have successfully ventured into Africa, are now showing significant interest in investing in Africa.
AfricaHot news

Procurement in Africa: Billions lost in value

The impact of ineffective procurement in Africa is estimated at a staggering USD 31,5 billion – or USD 24,9 billion for Sub-Saharan Africa alone – in terms of value leakage. With strong growth aspirations in infrastructure, finance, energy, mining and other sectors, the role of procurement in an organisation is becoming increasingly strategic says KPMG.
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Potential impact of Ebola a worry

With the latest death toll from the West Africa Ebola epidemic now at 887, the World Bank Group on the 4th of August pledged as much as USD 200m in emergency funding to help Guinea, Liberia, and Sierra Leone contain the spread of Ebola infections, help their communities cope with the economic impact of the crisis, and improve public health systems throughout West Africa.
AfricaHot news

African Leaders commit to end hunger by 2025

Africa’s leaders unanimously agreed to end hunger and cut poverty in half by 2025 with the signing of the Malabo Declaration at the 23rd Ordinary Session of the Assembly of the African Union Heads of State and Government last month.
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Enhancing Zambia's food security

AGCO, a worldwide manufacturer and distributor of agricultural equipment, has launched a partnership with Feed the Future Partnering for Innovation (a US Agency for International Development-funded program) to reduce post-maize harvest losses and improve grain handling in Zambia.