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Ethiopian Airlines Rolls Out Ambitious Plan

Ethiopian Airlines has announced a 15 year strategic plan it hopes will see it become the biggest African airline by 2025 by pushing its annual revenue to US$ 10 billion.

Kuwaiti Firm Eyes Sudan Oil Exploration

A company based in the Arab Gulf state of Kuwait has expressed interest in conducting oil-wells drilling and exploration activities in north Sudan, state media reported on Tuesday

Black South African Firms Merge to Form Corporate Giant

Kagiso Trust Investments and the Tiso Group this month completed their merger to form a black-owned South African investment company of scale, boasting a diverse base of quality assets with a gross value in excess of R13-billion.

MTN Crosses 150 Million Subscriber Mark

Speaking after the MTN Group Annual General Meeting in South Africa yesterday, Group President and CEO of the company, Sifiso Dabengwa, announced that MTN increased its subscriber base by 7.4 million or 5 per cent for the first quarter of the year ending 30 April 2011.

Burger King Eyes South African Market

Burger King said on Tuesday that it was mulling opportunities for establishing a foothold in South Africa to counter sluggish economic growth in the US market, according to reports.

Uganda to Begin Oil Production This Year, Says Tullow

Glover said the refinery project is expected to be finalised in three to five years. The company has described the area in Bunyoro where oil has been discovered as a "world class basin".

Foreign Investors Eye African Consumers

When the world's biggest retail company, the US-based Walmart, announced in September 2010 a plan to buy South African retailer Massmart for a staggering US$4.2-billion, eyebrows were raised.

Africa to get even more broadband

SAEx is to be driven by local black-owned technology investment company eFive Telecoms. EFive has contracted Paris-based Alcatel-Lucent to construct the cable through its subsidiary Alcatel-Lucent Shanghai Bell Co

General Satellite Corporation Ready to Put Money on the Table for...

The back-drop to the interest in DTH Free-To-Air broadcasting is the shift to digital amongst Africa's terrestrial broadcasters.