Company news

08 June 2018 | Business

Siemens signs pacts to deepen ties to China

Siemens has signed more than ten cooperation agreements with Chinese companies as it seeks to benefit from deepening involvement with China’s “Belt and Road” infrastructure initiative, the German engineering group said on Wednesday.

Siemens said the cooperation covers power generation, energy management, building technology and intelligent manufacturing and includes companies such as China National Chemical Engineering Group Corp, China Railway Construction Corp(International) Ltd and China Civil Engineering Construction Corp.

-Nampa/Reuters

Uber jumps into Europe's crowded bike-sharing market

Uber, the ride-hailing company which has been banned from many European cities, is about to launch its JUMP electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities.

Uber’s chief executive Dara Khosrowshahi made the announcement at a conference in Berlin as dozens of German taxi drivers outside waved placards that read “Uber go Home”.

“I want this to signal a deep commitment to Germany,” Khosrowshahi said, arriving on stage with a bright-red JUMP bicycle.

-Nampa/Reuters

Kenya's Mumias Sugar suspends CEO

Kenya’s Mumias Sugar has suspended chief executive officer Nashon Aseka over “doubtful transactions” that appear to have been entered without following proper procedures.

Mumias, which used to be the East African nation’s leading producer at more than 250 000 tonnes a year, has been beset by poor management and mounting losses in recent years.

The company’s board said Aseka’s suspension would pave way for further investigation. It did not say how long the suspension, which takes immediate effect, would last.

-Nampa/Reuters

Vodacom says interested in "attractive" Ethiopia

South Africa’s Vodacom Group is interested in the Ethiopian telecoms market, it said on Wednesday, a day after the East African country opened its state-run telecoms monopoly.

“Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters,” Vodacom’s spokesman said in response to emailed questions.

-Nampa/Reuters

Zimplats leases mining land to government

Impala Platinum’s Zimbabwean subsidiary said on Wednesday that it had agreed to lease nearly half of its mining land to the government and that in turn it had received two mining leases valid for the life of its operations.

The southern African nation had since 2013, under former president Robert Mugabe, unsuccessfully tried to seize the land from Zimplats, the country’s biggest platinum miner.

-Nampa/Reuters

Similar News

 

South Africa's PPC full-year profit doubles

18 hours ago | Business

PPC, which has operations in six countries, said its headline earnings per share for the full-year ended March 2018 surged to 15 cents from 7...

Company news in brief

18 hours ago | Business

Liberty Holdings suffers cyber attackSouth African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack, with an external party...

Company news in brief

1 day - 18 June 2018 | Business

Zara looks to technology to keep up with faster fashionThe pioneer of fast fashion isn't looking so fast anymore.Inditex, the world's largest clothing retailer and...

South Africa's Q2 business confidence falls

5 days ago - 14 June 2018 | Business

A South African business confidence index fell in the second quarter by 6 points, a survey showed on Wednesday, a sign the economy was struggling...

Underpricing costs Angola’s diamond gem millions

6 days ago - 13 June 2018 | Business

Stephen Eisenhammer – Angola's Catoca, the world's fifth largest diamond mine, estimates it lost US$464 million over the past six years due to a government-imposed...

Paris beats London as Europe's favourite investment destination

1 week ago - 12 June 2018 | Business

PARIS - An Ernst & Young survey shows Paris has overtaken London as Europe's most attractive destination for foreign investors for the first time since...

Namibia warms to deeper free trade

1 week ago - 12 June 2018 | Business

Namibia is taking steps to ensure it will not be left out of the Africa Continental Free Trade Agreement (AfCFTA) area which, when fully adopted,...

Company news in brief

1 week ago - 12 June 2018 | Business

Vodacom to increase black ownershipSouth Africa's Vodacom Group said yesterday it will increase the stake held by black shareholders by up to 6.25% in a...

Aiding increased development

1 week ago - 11 June 2018 | Business

The Public Procurement Act (PPA) is a catalytic instrument for local economic development which is embedded in the national policy plans, said the deputy minister...

Namdeb recognised for equity commitment

1 week ago - 08 June 2018 | Business

On the evening of the 5th June 2018, Namdeb received the prestigious Gender is My AgendaCampaign (GIMAC) award for the Private Sector category, through the...

Latest News

Kingon re-appointed as SARS commissioner

18 hours ago | Economics

South African Revenue Service (SARS) acting commissioner Mark Kingon’s time at the helm has been extended by another three months, after minister of finance Nhlanhla...

Support for refugees

18 hours ago | Economics

NDAMA NAKASHOLEA total of N$13.2 million has been allocated in 2018/19 financial year to the administration of refugees programme under the home affairs ministry.The programme...

Totem

18 hours ago | Economics

Quote of the day“The Minerals Council believes that much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth...

Court reins in spies

18 hours ago | Justice

The flimsy fig leaf of national security and secrecy, used by government, especially the Namibia Central Intelligence Service (NCIS), to withhold information in a constitutional...

Phosphate judgment on Thursday

18 hours ago | Environment

Environment minister Pohamba Shifeta has reserved judgment until Thursday on whether the granting of an environmental clearance certificate to Namibian Marine Phosphate (NMP) will be...

Public grills ECN contenders

18 hours ago | Government

OGONE TLHAGEThe Electoral Commission of Namibia (ECN) has started interviewing candidates for the position of chief electoral officer.For the first time ever, the process, which...

Otjomuise shack fire claims two

18 hours ago | Crime

JANA-MARI SMITH A shack fire in Windhoek’s Otjomuise area killed two people over the weekend.The police reported that the two...

Katrina takes time into own...

18 hours ago | Education

The education ministry has issued a directive that schools may not start earlier than 07:30 or later than 08:30.This follows numerous directives issued by the...

Two in court after drug...

18 hours ago | Justice

Two men arrested in connection with a drug bust at the port of Walvis Bay on Friday made their first court appearance yesterday. Grant Noble...

Load More