Chinese Company to Produce 40 Billion Gallon Gas in Ethiopia
A Chinese company engaged in natural oil gas exploration with a capital of five billion USD in Ethiopia is expected to produce 40 billion gallon gas after three years. President Dr Mulatu Teshome held talks with Chinese Poly Technology Company Vice President Huang Geming at the National Palace yesterday. President Mulatu said the relationship between […]
Business Class – Rule of Law V Rule of Big Men – a Letter to Dangote
Dear Mr. Dangote, I am writing this open letter to you as a concerned African. My concern is limited to broader public policy and institutional issues arising from your recent visit to Zimbabwe and subsequent actions pursuant to your company’s interest in investing in Zimbabwe. I believe any decision to invest in a target country […]
Egypt PM Forms Committee to Settle Investment Disputes
Egyptian Prime Minister Ibrahim Mehleb formed a committee on Wednesday to settle disputes in investment contracts, announced a cabinet statement. The committee will specialise in settling disputes referred to it, that which the state or any of its affiliates, whether public or private, are party of it. Mehleb will head the committee that will include […]
Josey Agbeniyi, nee Mahachi brought Africa’s richest man to Zimbabwe
That could have been the ecstatic song of unrestrained joy in government circles last week, on August 31, 2015. The reason was the exploit of one of the country’s daughters, now married to a Nigerian. She brought Africa’s richest man to Zimbabwe, so he could open discussions with government, on his company’s pending investments in […]
Sea Fever – Swaziland’s Quest for Maritime Power
King Canute famously tried to order the waves to retreat. Now Swaziland’s King Mswati proposes to go one better, by ordering them to advance. Last month his Minister of Commerce, Industry and Trade Gideon Dlamini lent his government’s full support to a project announced by a business consortium to construct a seaport. ‘At government level, […]
Stability Inspires Investor Confidence
In the next two weeks there is going to be a coterie of Zimbabwean Government ministers and captains of industry and leaders of commerce gracing England seeking investment and joint venture opportunities. Ministers Simon Khaya Moyo (Economic Planning and Investment Promotion); Mike Bimha (Industry) and Obert Mpofu (Transport) are expected to headline the visit. Should […]
Aliko Dangote Takes Swift Action On Deals
Nigerian multi-billionaire Mr Aliko Dangote wants quick implementation of the investment deals he has agreed with Zimbabwe as shown by a high-powered delegation of technocrats that arrived in Harare yesterday. The six-member delegation is led by Dr Abdul Mukhtar who said they were here as promised by Mr Dangote during his visit last week. “We […]
Libya Oil to Expand Its Investment in Ethiopia
Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia. Two weeks ago the corporate management of Libya Oil Holdings held a week long meeting at Hilton Addis Ababa. The senior management team members came from the headquarters of the company, which is […]
Presidential Trips Now Bearing Fruit – Zambia
The skeptics believed that the pledges made during the Head of State’s State visit were not going to result into real investments. They described the move as counting chickens before the eggs hatch. They went on to say that it was unlikely that the business executives the Zambian delegation met in China would invest in […]
Starbucks Is Making Africa’s Biggest Coffee Exporter, Uganda Even Richer
Ugandan coffee sold as single-origin beans by Starbucks Corp. will boost earnings for Africa’s biggest exporter of the crop, the country’s industry regulator said. Coffee growers may as much as double their prices because of the high quality demanded by the world’s biggest coffee-shop chain, Henry Ngabirano, managing director of Uganda Coffee Development Authority, said […]
