German engineering company making it big in Africa……with the help of China

German engineering company, Voith Turbo, is cashing in big time all over Africa including Kenya by focusing on what it does best, building cutting-edge transmissions, fitting them into Chinese-built buses to create a knock-out punch for transportation companies in Africa.
At the heart of their package is a transmission known as DIWA which derives it’s power [...]

Islamic Bank Gulf Africa Bank thriving in Eastleigh

A few months ago we pointed you to a few articles about the Islamic banking onslaught in Africa. Here’s another one by Voice of America that takes a closer look at an Islamic bank that is thriving in the Eastleigh neighborhood of Nairobi.
Gulf Africa Bank is the first fully Sharia-compliant Islamic bank to begin operations [...]

Diaspora Remittances – Early Casualty of Global Financial Mess

The global financial crisis has been swift to claim some victims that would otherwise seem far and removed from the center of the heat – those who receive and depend on remittances from the diaspora. This not only includes direct beneficiaries but the whole services industry built around sending and receiving money.
Business Report (South Africa)
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Virgin Nigeria – O ma se o !!

First Methodist female bishop elected in Africa

 
A UMNS ReportBy Linda Bloom*
 

Photo by Bill Kreamer and UMNS
The Rev. Joaquina Filipe Nhanala was elected July 23 as the first female United Methodist bishop in Africa.Nhanala, 51, the pastor of Matola United Methodist Church in Mozambique, was elected during the July 22-24 meeting of the denomination’s Africa Central Conference at Africa University in Mutare, [...]

Zimbabwe invasion – support Botswana and please make it swift and decisive

UPDATE: December 4th, 2008 12:37PM CST – Kenya’s Prime Minister, Raila Odinga suggests Mugabe needs to be “pushed out”
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July 2nd, 2008 7:46PM

Botswana troops amass along the border with Zimbabwe a few days ago. Source: Sunday Standard
Information leaked to the local press in Botswana indicate that the military in that country is ready to take on [...]

Zimbabwe poll a sham and a shame to all Africans

Yet again we are faced with another general election in Africa with lots of question marks all over it. According to the BBC, militias are forcing people out of their houses to go and vote. Voter turnout is low all over the country. The UK’s Channel 4 weighs the options for Mugabe’s henchmen should Zimbabwe [...]

Africa, the last frontier for IPO booms

According to an article on Bloomberg today, 44 Sub-Saharan African economies tracked by the organisation are expected to post a growth rate of 6.7% next year. This is higher than the average of all emerging markets combined.Leading the charge in this region of Africa is Safaricom, which raised USD $820 million in it’s recent IPO [...]

Kenya will host 20th World economic forum on Africa in 2010

Kenya’s Prime Minister Raila Odinga announced today that Kenya will host the 20th World economic forum on Africa. He led Kenya’s delegation to Cape Town, South Africa to attend the 3-day 18th session of the World economic forum that ended yesterday and while there, he accepted the invitation from the organisers on behalf of Kenya [...]

World economic forum on Africa Cape Town June 6, 2008 – highlights

Cape Town, South Africa, 5 June 2008 – The private sector is poised to play a growing role to help Africa become more competitive and forge international alliances that extend beyond the customary handouts that have long characterized the region’s relationship with rich countries. That conclusion emerged as one point of consensus among panellists in [...]

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