Business Culture & Lifestyle Southern Africa

Gauteng Tourism eyes US market in AFROPUNK Joburg 2018 promotion drive

STAFF WRITER JOHANNESBURG- Gauteng Tourism returns to New York this weekend to promote the AFROFUNK Joburg 2018 after a similar campaign last year yielded results, with throngs of international revellers attending the inaugural edition of the festival. Team SA – comprising Gauteng Tourism, Constitution Hill, Brand SA and South African Tourism – will undertake onsite activations […]

Business News

Ecobank appoints Patrick Akinwuntan as the MD of Ecobank Nigeria

LOME- Ecobank has appointed Patrick Akinwuntan as the managing director and regional executive – designate of Ecobank Nigeria, the appointment is subject to applicable regulatory approvals. Prior to this appointment, Akinwuntan was the group executive, consumer banking responsible for leading the consumer banking business across Ecobank’s global network of 40 countries, 36 of which are […]

Business News

Kenyatta calls for accelerated investment in infrastructure

NAIROBI- President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 general shareholders meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide unprecedented opportunities for private […]

Business News

African Development Bank partner Portuguese-speaking countries to spur economic development

SANTA MARIA-  The African Development Bank and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”. Akinwumi Adesina, President of the African Development Bank and Maria do Carmo Silveira, Executive Secretary of CLPL, signed the agreement on Wednesday on the sidelines […]

Business News

Zim businessman Buyanga acquires SAs Pagliari Group

BY STAFF WRITER JOHANNESBURG- Zimbabwean businessman Mr Frank Buyanga’s African Medallion Group has expanded his tentacles in South Africa after taking control of Cape Town-based Pagliari Group, a subsidiary of Rand Refinery. Mr Buyanga confirmed the development in Johannesburg last week in a brief statement saying: “We endeavour to enhance the numismatic establishment as well […]

Business News

Mcebisi Jonas, Swazi Tshabalala appointed to MTN board

DOUGLAS REDFERN JOHANNESBURG- International telecoms group, MTN, on Monday announced the appointments of Bajabulile Swazi Tshabalala, and former deputy finance minister in South Africa, Mcebisi Hubert Jonas, to its board from June. Tshabalala is the current Executive Director of consulting and investment holding company, Barbican Advisory Group. Announcing the news, Phuthuma Nhleko, Chairman of MTN […]

Business Southern Africa

Corruption allegations rock municipal workers pension fund

BY SAMUEL MUNGADZE JOHANNESBURG- Allegations of corruption and maladministration have rocked the pension fund of the South African Local Authorities (SALA) in a saga with the makings of a Hollywood script.  The unfolding plot features high-speed cars, living it up in exotic locations, blackmail, forensic investigators and intimidation. Whistleblowers allege that the SALA-controlled pension funds […]