South Africa’s FDI rises to five-year high in 2018
South Africa’s central bank has revealed that foreign direct investment (FDI) into the country more than doubled in 2018, boosting President Cyril Ramaphosa’s hopes of attracting US$100 billion of investment over five years.
FDI inflows rose to a five-year high of...
Safaricom strikes deal to use M-Pesa services on Alibaba shopping website
Kenya’s Safaricom has announced it has secured a deal to use its M-Pesa mobile payment service for online shopping on AliExpress.com, a website run by Chinese e-commerce giant Alibaba Group.
The deal will allow Kenyan shoppers to buy goods on the...
South Africa’s economy grew by 0.8% last year according to latest figures from Statistics South Africa, which also revealed GDP growth of 1.4% in the fourth quarter of 2018, compared to 2.6% in Q3.
The latest figures from Statistics South Africa...
Botswana retains spot as best ranked African jurisdiction for mining
The Fraser Institute’s Annual Survey of Mining Companies has ranked
Botswana as the most attractive African jurisdiction in the world for mining
The Southern African nation was ranked 32nd in the world on
the Investment Attractiveness Index ahead of South Africa, which...
KenGen and Chinese firm team up for geothermal energy project in Ethiopia
Kenya Electricity Generating Company (KenGen) and a Chinese firm have signed a deal with Ethiopian Electric Power (EEP) to develop a geothermal power project in Ethiopia.
The Kenyan electricity firm will be responsible for drilling at the project, along with Shandong...