African Business News

Off-grid lighting market in Africa maturing even faster than expected

Africa is set to become the world’s largest market for clean off-grid lamps, with up to 140 million people having access to better lighting by 2015. This is one of the main findings of the new market research report that Lighting Africa released today. The market for quality off-grid lighting products in Africa has seen a 300 percent growth in sales in the past three years.

The Lighting Africa Market Trends Report 2012 – Overview of an the Off-Grid Lighting Market in Africa, provides a snapshot of the region’s off-grid lighting market in Africa.

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DHL and Engen announce major African retail partnership

Engen service stations across Africa to serve as DHL Service Points

Two significant multinationals join forces to increase consumer access in Africa

DHL Express (htt, the world's leading international express services provider and Engen, Africa's leading multinational fuel retailer and provider of convenience services, have signed a retail partnership, in a bid to provide customers with better access to global express services.

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Kenya: Italian Build Sh36 Million School

AN Italian Couple who have invested heavily in Watamu spent more than Sh36 million on a school and water project at an island which had been neglected for decades within the Mida creek.

Guido Bertoni and his wife Valentina Moscheni, who own a luxurious resort in Watamu, set up a modern primary and secondary school at Kadina Island to enable the locals access education. They also facilitated a water project to enable the locals get fresh water for the first time since independence.

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Barloworld eyes expansion into Africa

BARLOWORLD is targeting six sectors to boost the growth of its business, and is positioning itself "to expand into west and east Africa", according to CEO Clive Thomson.

While the diversified industrials company has continually expanded its operations outside of South Africa, its African growth has tended to focus more on countries south of the Democratic Republic of the Congo.

In results released this week, in which it reported a strong 26% rise in headline earnings per share for its year ended September, Barloworld emphasised its strategy to reallocate capital to "higher return opportunities" over time.

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