Bharti Airtel to acquire Warid Group's Congo business
Bharti Airtel, India's largest telecom company and service provider in 20 countries across Asia and Africa, announced on Tuesday that it has entered into a definitive agreement with the Warid Group to fully acquire Warid Congo SA. The agreement is subject to regulatory and statutory approvals.
Tata Africa in franchise deals to sell building equipment
Tata Africa Holdings (TAH) has entered into franchise agreements with Asian building-equipment makers to distribute their machinery and equipment throughout Africa.
TAH has signed agreements with Hitachi Construction of Japan, India's Aquarius Engineering and Traxbuild of Singapore to start selling their products in Africa in an arrangement that will also see Tata provide after-sales service and parts to customers.
Africa's mobile data business to be worth US$23 billion in 2018 - Bizcommunity
Findings from research commissioned by Informa Telecoms & Media in July 2013 on trends in global mobile data usage shows that the rise in digital service usage will drive Africa's mobile data business to be worth US$23 billion in 2018.
Of the 12 countries surveyed (a range of developed and developing markets), South Africans are the fourth biggest spenders, behind consumers in the US, Saudi Arabia and the UK*.
S. African president lauds huge investment in diamond industry
South African President Jacob Zuma on Tuesday lauded a 20-billion-rand (about 2-billion-US- dollar) investment in the diamond industry, the biggest single investment in the diamond industry in decades.
The investment "signals that indeed our mining sector is poised for growth,
