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Oppenheimer Family Investing In South African Tech Start-Ups

Oppenheimer Family Investing In South African Tech Start-Ups

AFRICANGLOBE – E. Oppenheimer & Son has become an investor in South African venture capital company 4Di Capital, in a move that sees the mining giant support local tech start-ups. 4Di on Friday announced that the Oppenheimer family’s holding company had become a Capital Fund 1 investor in the venture capital company; doubling the size [...]

South Africa: Massive Dismissals of Miners Continue

The end in the strife in the mining industry in South Africa is not over, as employers are now putting their foot down after strikes hit the industry. Employers have resorted to firing thousands of workers and issuing ultimatums to many others. The order is for them to work immediately or face dismissal. Gold Fields, [...]

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Meet The Man Who’s Shaping Africa’s Future

Just like the great American civil right activist Martin Luther King Jnr. had a dream of an equal social existence, so did Ghanaian-born entrepreneur, Fred Swaniker, dream to build a Pan-African school that will position the new generation of African youth towards prosperity in future years. His mission was to give the African child a [...]

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CEO to Workers: I May Fire You if Obama Wins

David Siegel, the owner of Westgate Resorts, sent a surprising email to his employees Monday. It said that if President Barack Obama wins re-election and raises Siegel’s taxes, he will have to lay off workers and downsize his company – or even shut it down. “If any new taxes are levied on me, or my [...]

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Ethiopia: Investors Partner to Construct Largest Steel Factory

Ethiopian-Saudi investor, Sheikh Mohammed Al-Amoudi is this week expected to partner an Italian firm in the construction of a $764 million steel factory. Officials said $593 million will be allocated to constructing the factory, with the remainder being set aside for power, water and land leasing. Al-Amoudi’s company, MIDROC Ethiopia will this week sign an [...]

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Race, Fashion & Beauty

Italian luxury fashion house Dolce & Gabanna says it meant no disrespect by sending what many have characterized as racist imagery down its runway. The company’s Spring 2013 collection included ‘Blackamoor’ or ‘Moorish’ symbolism in the form of the heads of black women used in dangling earrings and on the printed fabrics of dresses.  The [...]

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Ethiopian Airlines to Build One of the World’s Largest Cargo Terminals

A German company, ICM airport techniques, has been awarded the turnkey project for the construction of an Ethiopian Airlines cargo warehouse that has a capacity to store 1.2 million tonnes per annum, for an undisclosed sum. The company, which provides material systems for airports, and Ethiopian Airlines are negotiating over finances before signing the contract, [...]

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French Firm Safran Fined for Bribing Nigerian Officials

The French electronics firm Safran has been fined 500,000 euros for bribing Nigerian officials in order to win a multi-million euro contract to make identity cards. A Paris court found SAGAM, a company that merged with SNECMA to form Safran in 2005, paid bribes worth between 22,000 to 38,000 euros to Nigerian officials from 2000 [...]

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Oil Firm Triples Oil Prospects for Kenya and Ethiopia

Canadian oil exploration company, Africa Oil Corporation has raised fresh hopes that Kenya’s oil find could be commercially viable after the firm tripled its estimates of quantities of oil in blocks it is prospecting. Africa Oil has reportedly increased its overall prospective resource base to 9.3 billion barrels, up from 3.7 billion barrels it had [...]

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