No China Cheap phones for Africa says Huawei
Here’s some news, in just the first week of the New Year, which may not be very exciting to most people keen to buy new but low-cost smartphones.Huawei – the Chinese firm known to have introduced most people to their first smartphone experience with the low-priced Huawei IDEOS phone – now says that it’s not […]
Bilateral trade between South Africa and China exceeded R270 billion
At the end of last year, bilateral trade between South Africa and China exceeded R270 billion, President Jacob Zuma said on FridayChina’s investment into South Africa is cumulatively valued at approximately R120bn, with over 100 state-owned entities and multinational companies investing in South Africa,” Zuma said in a speech prepared for delivery at a business […]
Angola oil exports rise to 1.86 mln bpd
(Reuters) – Angola is set to export 1.86 million barrels per day of crude oil in January, up from 1.60 mln bpd in December, an updated shipping list showed on Wednesday. The oil from the OPEC member, and Africa’s second-largest exporter, will be shipped on 60 vessels, the list showed. The final programme is significantly […]
Nairobi tops list of most strategic city
Kenya, Nairobi — Nairobi has topped the list of the most strategic city for multinationals eyeing the African market. This is a major boost to the government’s efforts to make Nairobi a regional hub.The city beat those in Southern and Western Africa, previously thought to be the most preferred. According to the Africa Integration Index […]
East African Oil Export Pipeline Close to Choosing Sole Project Consultant
Three of East Africa’s strongest economies are nearing a decision on choosing a consultant to oversee the building of a pipeline which will serve as the pump for the region’s oil rich reserves to the coast ready for export. Kenya, Uganda and Rwanda invited bids back in June for a consultant to oversee a feasibility […]
Perception risks from Ebola may hurt Africa’s economies
Nearly six months after the first REPORTED case of Ebola was diagnosed in West Africa, the outbreak continues to dominate daily news headlines globally.The economic impacts of the virus, which continues to spread rapidly in the three worst affected countries of Liberia, Sierra Leone and Guinea, have already lopped several percentage points off of growth […]
SADC targets 9 energy transmission projects valued at $4 billion
Africametro-At least nine top-priority energy transmission projects valued at more than S$4 billion for promotion and MARKETING to investors have been identified in Southern Africa.The nine projects include the ZiZaBoNa Interconnector Project to be implemented by Zimbabwe, Zambia, Botswana and Namibia. Each of the projects are at various stages of completion. Other projects include the […]
Apple sold a record 39 million iPhones in the fourth quarter
WHO said that smartphones were past their prime? That certainly does not seem the case at the top end of the market. Apple proved even optimists wrong when it announced on October 20th that it had sold a record 39m iPhones in the fourth quarter of the firm’s accounting year.Demand for Apple’s two new devices, […]
China’s Control Of The Rare-Earth Metals Has Weakened Considerably
Everyone can stop worrying now. China’s grip over the world’s supply of rare-earth metals has weakened considerably — and the country can’t hold the global economy hostage, as was once widely feared. Or at least so argues a new paper on the topic.Back in 2010, China produced 97 percent of the world’s rare earth metals, […]
