http://www.essentialafrica.com/ea-drum-it/drum-business-economy EssentialAfrica Drum Business en 60 http://somalilandpress.com/coca-cola-opens-17m-production-plant-in-somaliland-29008 An opening ceremony was held in Marodi Jeh province on Tuessday to inaugurate global beverage leader Coca-Cola’s first bottling plant in Somaliland. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10377 Wed, 23 May 2012 11:05:21 +0200 http://www.globalwitness.org/library/south-sudan-faces-test-transparency-commitments-pursuing-oil-backed-financing South Sudan faces test of transparency commitments in pursuing oil-backed financing http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10364 Tue, 22 May 2012 17:27:01 +0200 http://www.rnw.nl/africa/article/retailers-rattled-burundi%E2%80%99s-heavy-taxes Retailers in Uganda are denouncing the Burundian government’s taxes, found to be higher than those elsewhere in the East African Community (EAC) http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10352 Mon, 21 May 2012 15:20:34 +0200 http://www.modernghana.com/news/396722/1/appetite-for-investments-remains-strong-in-angola-.html?utm_source=twitterfeed&utm_medium=twitter Appetite for investments remains strong in Angola and Mozambique despite downturn http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10347 Mon, 21 May 2012 15:11:01 +0200 http://www.standardmedia.co.ke/?articleID=2000058531&story_title=More%20Kenyans%20take%20up%20online%20shopping%20%E2%80%94%20suvery The survey revealed that 71 per cent of those who had shopped online saying that they were satisfied with their overall shopping experience. The survey conducted by MasterCard shows online shoppers believed there was a wider purchase choice online rather than offline, and that shopping online was convenient and easy. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10344 Mon, 21 May 2012 09:35:01 +0200 http://af.reuters.com/article/topNews/idAFJOE84I00M20120519 Plans to create a 26-nation free trade area by integrating three existing African trade blocs by July 2014 are on track and the only major sticking point is likely to be harmonising rules of origin, the three blocs said on Friday. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10320 Sat, 19 May 2012 12:54:47 +0200 http://businessnews.com.ng/2012/05/18/nafdac-on-cassava-flour-campaign-drive/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=nafdac-on-cassava-flour-campaign-drive National Agency for Food and Drug Administration and Control (NAFDAC) boss, Paul Orhii as called on bread production companies to substitute wheat flour for cassava flour http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10317 Fri, 18 May 2012 11:30:23 +0200 http://www.sys-con.com/node/2279490 Mobile Operator Forecast on the Departmental Collectivity of Mayotte provides metrics for Mayotte's wireless market. We provide five-year forecasts at the operator level going out to 2015. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10303 Thu, 17 May 2012 15:42:27 +0200 http://af.reuters.com/article/topNews/idAFJOE84G00T20120517 A railway occupation by former employees of Guinea's state bauxite company CBG, a joint venture with Alcoa and Rio Tinto, is starving its factory of ore supplies for processing http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10300 Thu, 17 May 2012 10:03:47 +0200 http://af.reuters.com/article/topNews/idAFJOE84F00I20120516 Sudan will not allow South Sudan to export any oil through its territory unless the two states http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10286 Wed, 16 May 2012 09:52:03 +0200 http://www.economist.com/node/21554523?fsrc=scn/tw/te/ar/tailthatwagstheelephant Mauritius is the world's financial gateway to India, but its status has been upended by India's government http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10263 Mon, 14 May 2012 16:05:22 +0200 http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/475&format=HTML&aged=0&language=EN&guiLanguage=en The trade and development agreement concluded by the EU and four Eastern and Southern African states Mauritius, Madagascar, Seychelles and Zimbabwe will take effect today. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10259 Mon, 14 May 2012 15:59:50 +0200 http://www.nation.co.ke/business/news/Kenya+tops++Africa+in+mobile+payments+/-/1006/1405030/-/rf3932z/-/ Out of 34 countries analysed globally on their readiness to use person to person, mobile-web commerce (m-commerce) and mobile contact-less payments at points of sale, the MasterCard Mobile Payments Readiness Index identified Singapore, Canada, the United States, Kenya and South Korea as the most prepared nations. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10248 Mon, 14 May 2012 12:14:17 +0200 http://af.reuters.com/article/topNews/idAFJOE84D00G20120514 Sub-Saharan Africa's economies will expand at a slower rate in 2012 than earlier projected, undermined by global financial distress and a sluggish recovery in South Africa, the International Monetary Fund (IMF) said on Monday. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10244 Mon, 14 May 2012 12:06:59 +0200 http://memeburn.com/2012/05/what-gaps-need-to-be-plugged-in-the-african-startup-ecosystem/ One of the gaps we frequently see in African startups is an apparent lack of the ‘business dimension’. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10239 Fri, 11 May 2012 14:48:56 +0200 http://af.reuters.com/article/malawiNews/idAFL5E8GB3L520120511 Malawi's central bank raised its benchmark interest rate to 16 percent from 13 percent on Friday to combat an expected acceleration in inflation following this week's sharp currency devaluation. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10228 Fri, 11 May 2012 10:58:49 +0200 http://www.moneyweb.co.za/mw/view/mw/en/page491975?oid=568716&sn=2009+Detail&pid=287226 The continent has the highest proportion of global project foreign direct investment. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10222 Thu, 10 May 2012 16:56:13 +0200 http://www.businessday.co.za/articles/Content.aspx?id=171378 A LARGE investment programme worth $4,3bn is being undertaken by the Djibouti Ports and Free Zones Authority (DPFA) to expand its operations and support the growing economy of its larger landlocked neighbour and main customer, Ethiopia. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10211 Thu, 10 May 2012 10:49:29 +0200 http://af.reuters.com/article/topNews/idAFJOE84800C20120509 Commodities trader Glencore faced calls for greater transparency around its deals in Congo, one of its most promising but most controversial jurisdictions, as it prepares for its first shareholder meeting since listing. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10187 Wed, 9 May 2012 09:45:29 +0200 http://www.ghananewslink.com/?id=21419 ...establishment of an Anti-retroviral Drug Manufacturing Plant and its associated research and training centre in Ghana http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10181 Tue, 8 May 2012 16:47:44 +0200 http://af.reuters.com/article/topNews/idAFJOE84605O20120507 Frequent power blackouts caused Tanzania's economic growth rate to slow to 6.5 percent in the fourth quarter of last year from 6.7 percent a year earlier, the government said on Monday. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10167 Tue, 8 May 2012 11:37:28 +0200 http://af.reuters.com/article/topNews/idAFJOE84603V20120507 Sudan's dispute with its southern neighbour over oil transit fees has created a $2.4 billion gap in the country's public finances and caused exports to plunge 83 percent, the Sudanese finance minister said on Monday. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10165 Tue, 8 May 2012 11:34:48 +0200 http://www.howwemadeitinafrica.com/african-companies-investing-more-in-their-own-continent/16584/ While many foreign firms are eyeing opportunities in Africa, African companies themselves are increasingly investing into other countries on the continent. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10154 Mon, 7 May 2012 17:19:27 +0200 http://www.nation.co.ke/News/africa/After+decades+of+war+Somalia+capital+enjoys+building+boom+/-/1066/1400788/-/8utl98/-/index.html Now, 21-years later and eight months after Al-Qaeda-allied insurgents abandoned much of the city following pressure from the African Union and government forces, the capital is showing signs of life, with reconstruction underway and land prices soaring. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10152 Mon, 7 May 2012 09:25:41 +0200 http://www.times.co.zm/?p=7437 ZAMBIA is still negotiating with the Angolan government on the possibility of striking a deal http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10141 Fri, 4 May 2012 16:55:09 +0200 http://www.bbc.co.uk/news/business-17898861 The country has made enormous strides in rebuilding its economy, which is expected to grow by around 8% this year. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10136 Fri, 4 May 2012 16:45:25 +0200 http://www.modernghana.com/news/393160/1/terzi-in-mozambique-we-believe-in-and-will-invest-.html?utm_source=twitterfeed&utm_medium=facebook&utm_campaign=page Italy has always believed in, and will invest in, Mozambique, which has also played a role in regional stability” http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10134 Fri, 4 May 2012 16:40:39 +0200 http://www.bbc.co.uk/news/world-africa-17940305 Africa received its largest ever share of global foreign direct investment (FDI) last year, an Ernst and Young survey has said. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10131 Fri, 4 May 2012 10:31:25 +0200 http://www.proactiveinvestors.com.au/companies/news/28514/stratex-international-reveals-high-gold-grades-in-djibouti--28514.html The first set of assays from a sampling programme at the Pandora vein on the Oklila licence revealed high gold grades, reaching up to 27.1 grams per tonne (g/t). http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10125 Fri, 4 May 2012 10:25:15 +0200 http://af.reuters.com/article/topNews/idAFJOE84201920120503?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAFRICATopNews+%28News+%2F+AFRICA+%2F+Top+ The Kenyan government must share revenues from its newfound oil reserves with the communities http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10119 Thu, 3 May 2012 16:39:37 +0200 http://www.proactiveinvestors.co.uk/companies/news/42320/stratex-international-reveals-high-gold-grades-in-djibouti-42320.html?__utma=159696636.1460428896.1336052951.1336052951.1336052951.1&__utmb=159 Stratex International (LON:STI) today unveiled what it describes as an impressive gold discovery in Djibouti, West Africa. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10113 Thu, 3 May 2012 16:32:39 +0200 http://bikyamasr.com/67712/algeria-to-resume-oil-operations-in-libya-next-week/ The overseas unit of Algerian state energy firm “Sonatrach” has said on Tuesday that it will resume its upstream operations in Libya next week, after a year of halting, an official officer revealed in Algeria’s capital. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10081 Wed, 2 May 2012 10:28:54 +0200 http://www.howwemadeitinafrica.com/understanding-africas-seven-types-of-consumers/16423/ Research firm Nielsen recently identified seven types of African consumers that companies need to be aware of as they target their products to the continent. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10076 Mon, 30 Apr 2012 16:59:37 +0200 http://somalilandpress.com/hewlett-packard-opens-office-in-ethiopia-27589 Hewlett-Packard (HP) one of the world’s largest technology company headquartered in California, USA, officially opens an office in Addis Ababa http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10058 Fri, 27 Apr 2012 11:10:56 +0200 http://www.ft.com/cms/s/0/b908ca4e-8e31-11e1-b9ae-00144feab49a.html#axzz1t2WA1Ey8 Nigeria lost $6.8bn because of corruption and mismanagement of its controversial fuel subsidy programme from 2009 to 2011, according to a report presented to parliament on Tuesday. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10018 Wed, 25 Apr 2012 10:58:00 +0200 http://www.bloomberg.com/news/2012-04-25/tanzania-plans-bulk-petroleum-handling-facility-in-dar-es-salaam.html Tanzania plans to establish a bulk petroleum-handling and storage facility at the Port of Dar es Salaam, according to the country’s port authority. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10015 Wed, 25 Apr 2012 10:55:34 +0200 http://www.howwemadeitinafrica.com/the-man-behind-the-netflix-of-africa/16341/ Iroko Partners is one of the fastest growing internet companies in Nigeria. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10011 Tue, 24 Apr 2012 15:28:19 +0200 http://www.informafrica.com/business-africa/press-release/capitalism-will-eliminate-poverty-in-africa/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Informafrica+%28InformAfrica.com+News% The recent recession has reinvigorated anti-capitalists everywhere, not least in Africa. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10007 Tue, 24 Apr 2012 15:24:31 +0200 http://www.forbes.com/sites/mfonobongnsehe/2012/04/23/the-20-most-powerful-people-in-african-business-2012/ They are the African business leaders, empire builders, moguls and high-flying chief executives of ... http://www.essentialafrica.com/ea-drum-it/drum-business-economy#10004 Tue, 24 Apr 2012 15:19:49 +0200 http://www.howwemadeitinafrica.com/exporters-targeting-nigerias-growing-taste-for-wine/16304/ Wines of South Africa (WOSA), an industry body representing the country’s wine exporters, has recently indentified Nigeria as a promising market for South African producers. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9985 Mon, 23 Apr 2012 16:55:04 +0200 http://english.ahram.org.eg/NewsContent/3/12/39931/Business/Economy/BREAKING-Egypt-unilaterally-cancels-gas-deal-with-.aspx In surprise move, Egypt pulls out of unpopular gas export deal with Israel citing economic reasons; Tel Aviv expresses deep concern, says move calls for 'immediate American response' http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9978 Mon, 23 Apr 2012 09:34:17 +0200 http://www.businessdailyafrica.com/Banks+blacklist+213000+as+data+sharing+makes+mark+on+lending+/-/539552/1390020/-/14a86dyz/-/index.html A newly published report by Financial Services Deepening (FSD Kenya) – a non-profit organisation that monitors the financial services industry – says the build-up of consumer information had resulted in the listing of 203,518 individuals and 9,954 businesses as bad debtors by April last year. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9947 Fri, 20 Apr 2012 10:35:37 +0200 http://www.howwemadeitinafrica.com/five-kenyan-it-millionaires-to-watch/16226/ Facebook founder Mark Zuckerberg rose from an ordinary student to a multi-billionaire. Kenya too is by the day producing tech tycoons. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9946 Thu, 19 Apr 2012 17:08:33 +0200 http://www.reuters.com/article/2012/04/18/us-africainvest-summit-picknpay-idUSBRE83H05J20120418 South Africa's No.2 food retailer, Pick n Pay (PIKJ.J), will enter the Democratic Republic of Congo (DRC) and Malawi in the next 12 months, its chairman said, as the merchant stretches its presence on the continent. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9936 Thu, 19 Apr 2012 09:52:21 +0200 http://english.ahram.org.eg/NewsContent/3/12/39470/Business/Economy/Moroccos-statecontrolled-airline-seeks-partner.aspx Royal Air Maroc searches for major strategic partner to carry troubled national carrier through ongoing finance problems http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9912 Wed, 18 Apr 2012 10:25:39 +0200 http://www.informafrica.com/business-africa/press-release/drc-congo-economic-growth-set-to-reach-an-unprecedented-7-in-2013/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Informafrica+%28 In its first detailed economic analysis in twenty-five years, the World Bank projects the economy of The Democratic Republic of Congo (DRC) is set to grow at up to 7 percent annually for the next two years. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9894 Mon, 16 Apr 2012 16:26:59 +0200 http://www.businessdailyafrica.com/Kenya+fuel+prices+go+up+in+April+review/-/539546/1386366/-/d955kez/-/ Kenya’s energy regulator has increased fuel pump prices by Sh6.81 for super petrol, while diesel prices have gone up by Sh3.67 http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9887 Mon, 16 Apr 2012 12:05:51 +0200 http://mg.co.za/article/2012-04-13-crossed-lines-and-a-kings-tantrum King Mswati III is blocking attempts to liberalise the mobile telephone market in Swaziland and promote a cheaper service for ordinary Swazis in a bid to protect his private business interests,... http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9883 Mon, 16 Apr 2012 11:38:08 +0200 http://www.businessdailyafrica.com/Kenya+wins+acclaim+for+easing++investor+entry+into+real+estate+/-/539552/1384740/-/qqtwydz/-/ Kenya slipped three positions in this year’s global ranking of countries in terms of friendliness to business even as it outshone East African Community partners in access to credit, construction licensing and bankruptcy procedures. http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9859 Thu, 12 Apr 2012 11:55:59 +0200 http://www.africareview.com/Business+++Finance/Kenya+tea+production+to+dip+5+per+cent/-/979184/1384182/-/kdf3sdz/-/index.html Kenya's total tea production for 2012 will drop by 5 per cent compared to 2011 when the country harvested 378 million kilogrammes... http://www.essentialafrica.com/ea-drum-it/drum-business-economy#9845 Wed, 11 Apr 2012 15:32:35 +0200