Kofi Annan: Africa plundered by secret mining deals

Tax avoidance, secret mining deals and financial transfers are depriving Africa of the benefits of its resources boom, ex-UN chief Kofi Annan has said. Firms that shift profits to lower ...

Source: BBC

Drummed by Rachel in Drum Business 1 week, 3 days

• 0 comments
• Drum comment
• Share

Corruption probe raises questions over Guinea mine's future

Documents obtained by U.S. authorities investigating mining corruption in Guinea show Israeli billionaire Beny Steinmetz's mining company promised to pay millions of dollars in Africa to win valuable mining concessions. ...

Source: Reuters

Drummed by Rachel in Drum Business (Guinea) 4 weeks, 1 day

• 0 comments
• Drum comment
• Share

Senegal's Karim Wade charged with corruption

The son of Senegal's former President Abdoulaye Wade is in police custody after being charged with corruption in connection with his personal fortune. Karim Wade denies the accusations that he ...

Source: BBC

Drummed by sacre in Drum Business (Senegal) 1 month

• 0 comments
• Drum comment
• Share

The Rezidor Hotel Group primed to seize opportunities in sub-Saharan Africa

New hotels are springing up across Africa, despite the trials of bureaucratic delay and poor infrastructure, the Rezidor Hotel Group is seeking significant growth in sub-Saharan Africa. The International Monetary ...

Source: SA Commercial Prop News

Drummed by Jimmy in Drum Business 1 month

• 0 comments
• Drum comment
• Share

Rio Tinto among main bidders for Mozambique rail project

Mozambique has named miner Rio Tinto as one of six preferred bidders for a new $3 billion railway and port development project to boost coal exports, the country's transport minister ...

Source: Reuters

Drummed by sacre in Drum Business (Mozambique) 1 month, 1 week

• 0 comments
• Drum comment
• Share

Investing in Africa: The hottest frontier

Strategies for putting money to work in a fast-growing continent. Investors in Africa are buying a big-picture story of progress towards a formal and regulated economy with stable politics, the ...

Source: The Economist

Drummed by Sedicka in Drum Business 1 month, 1 week

• 0 comments
• Drum comment
• Share

DP World lauds new Somalia shipping service

Dubai-based global marine operator DP World has welcomed shipping line Simatech’s new service between Jebel Ali Port and Mogadishu as a significant step in re-establishing trade links between Somalia and ...

Source: Tradearabia

Drummed by Jimmy in Drum Business (Somalia) 1 month, 2 weeks

• 0 comments
• Drum comment
• Share

SA venture capitalists invest in 88mph

Cape Town-based venture capital firm 4Di Capital has invested in African seed accelerator 88mph, a first for the continent’s accelerator scene. 88mph, which currently runs accelerator programmes in Nairobi and ...

Source: HumanIPO

Drummed by Jimmy in Drum Business (Kenya, South Africa) 1 month, 3 weeks

• 0 comments
• Drum comment
• Share

How Twitter Got Nigerian Online Store A Multi Million Dollar Investment

While foreign investors turned down Konga’s investment proposal, South Africa’s media giant Naspers MIH Internet Africa, came across several tweets and blog posts testifying of Konga’s good customer service. The ...

Source: Ventures Africa

Drummed by Rachel in Drum Business (Nigeria) 1 month, 3 weeks

• 0 comments
• Drum comment
• Share

Bulk versus bottle dilemma for South African wine

At South Africa's Rostberg and Co., green bottles filled with a ruby liquid clink as they march along a conveyor belt, destined for wine-lovers from Paris to Shanghai. But if ...

Source: Reuters

Drummed by aster in Drum Business (South Africa) 1 month, 3 weeks

• 0 comments
• Drum comment
• Share

Insect trappers profit from Uganda's taste for grasshoppers

In Uganda, where grasshoppers are regarded as a delicious seasonal snack, the appetite for the crispy critters has created a booming informal trade that has turned some trappers into wealthy ...

Source: CNN

Drummed by karisa in Drum Business (Uganda) 1 year, 10 months

• 0 comments
• Drum comment
• Share

Guest article: Let Africans share in their natural resource wealth

The combination of rising commodity prices and falling costs of communication technology presents Africa with an unprecedented opportunity to reduce poverty and fight corruption at the same time.

Source: Uganda Talks Blog

Drummed by Kennedy in Drum Business 1 year, 10 months

• 0 comments
• Drum comment
• Share

Cape Verde in top 10 African countries in economic governance

Ten of the 30 African countries that “most improved” in terms of economic governance in 2010 are from sub-Saharan Africa, notably Rwanda, Cape Verde and Zambia.

Source: Macauhub

Drummed by Anna in Drum Business (Cape Verde) 1 year, 11 months

• 0 comments
• Drum comment
• Share

Sudanese economy is in its ’weakest state’, says former bank governor

The former governor of Sudan’s central bank Sabir Mohamed Al-Hassan sounded the warning bell on Thursday over the economy saying that it is in its "weakest state" and needs to ...

Source: Sudan Tribune

Drummed by Bernadette in Drum Business (Sudan) 2 years, 1 month

• 0 comments
• Drum comment
• Share

At Least 1 in 5 African Youth Plan to Start a Business

Gallup surveys in 27 African countries and areas underscore the interest young people in the region have in entrepreneurship.

Source: Gallup

Drummed by Lufto in Drum Business 1 year, 10 months

• 0 comments
• Drum comment
• Share

Trade experts see Cape-to-Cairo free trade area as pie in the sky

Trade experts greeted proposals for a new free trade area (FTA) in Africa with scepticism.

Source: Business Report

Drummed by Amanou in Drum Business 1 year, 11 months

• 0 comments
• Drum comment
• Share

CEA study captures rise of Africa's economic power

A finance ministry working paper prepared by a group headed by Chief Economic Advisor Kaushik Basu has revealed that some of the African countries have also moved up considerably in ...

Source: Business Standard

Drummed by Kennedy in Drum Business 1 year, 10 months

• 0 comments
• Drum comment
• Share

Africa’s Biggest Market Lies Within

Global demand for African oil and precious metals has fuelled a continental surge in exports, helping some of the world’s poorest countries rebound from the 2009 economic shock.

Source: IPS

Drummed by Bruce in Drum Business 1 year, 10 months

• 0 comments
• Drum comment
• Share

Kenya's extreme winemaking high above the Equator

The mist lifts from the mountains of Kenya's fabled Rift Valley, better known for its flamingoes and zebras than its wine, as women weave in and out with baskets of ...

Source: AFP

Drummed by Juliet in Drum Business (Kenya) 1 year, 10 months

• 0 comments
• Drum comment
• Share

South Africa: Black Management Forum quits Business Unity SA over ‘opposition to change’

Years of painstaking effort to forge unity between black and white business were dealt a severe blow yesterday when the Black Management Forum (BMF) pulled out of Business Unity SA ...

Source: Business Day

Drummed by Maduna in Drum Business (South Africa) 1 year, 10 months

• 0 comments
• Drum comment
• Share