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Billionaire Wiese Targeting Nigeria as Wal-Mart Seizes Foothold in Africa

“Africa is awakening,” Pepkor Chairman Christo Wiese said in an interview in Cape Town on Aug. 10. “It’s a huge market of almost a billion people with huge resources and a young population. People spend when they’re young.”

Kenya and Tanzania to Build U.S.$630 Million Pipeline

The project which is said to be in the pipeline when the East African Energy Ministers meet this October will save more than 126 million East Africans upon its completion by supplying electricity and powering industries in Tanzania, Kenya and Uganda.

Contractors Rush for South Sudan Contracts

Several road construction companies are angling for emerging opportunities in South Sudan as the new country begins reconstruction. The landlocked country is set to build roads linking its various states and the neighbouring countries.

Libya Owned Oil Company Anxiously Lobbies Ethiopian Govt Over Taxes

Managers of Libya Oil (Ethiopia) Ltd, a Mauritius registered oil distributor, have appealed to the Prime Minister's Office and the Director General of the Ethiopian Revenues and Customs Authority (ERCA), claiming that demand from the latter in dividend tax will force them to "surrender" their operation in the Ethiopian market