By Nawa Mutumweno – The Lusaka Stock Exchange (LuSE) has launched a bond trading tier which targets commercial banks in the country. The Zambian bourse’s chairperson Friday Ndhlovu has disclosed that the newly-launched bond tier targeted commercial banks and other institutional investors wishing to trade in Government bonds on the secondary market. The bond would contribute to the development of the market for Government bonds. LuSE would ensure that it establishes a transparent and orderly market for bonds trading to take effect and achieve price discovery. “The process has not been easy, but it is worth noting that all parties... Continue Reading
Altor Risk Group, a global company specialising in understanding risk and the management of major accidents has boosted its Middle East, Africa and Central Asia (MEACA) operations with the appointment of a new business unit leader for the region. Altor has promoted one of its experienced International team leaders, Brian Davis, to the post. The existing MEACA business unit leader Dominic Webb will now perform the same role for the company’s Asia Pacific (APAC) operation. Mr Davis has worked for 12 years and in 16 countries as a specialist in many aspects of emergency response, crisis management and business continuity particularly within... Continue Reading
As part of its continued growth in Africa, Intertek, a leading global quality solutions provider, has invested in the expansion of its services to the petroleum industry in Ghana. Intertek has opened a new technologically advanced calibration laboratory in its Takoradi Port facility, launched earlier this year to provide independent petroleum industry testing and inspection. The introduction of calibration services will build on this to serve a wider customer base in the growing market. Intertek has invested approximately £600,000 in Ghana since last year, with the opening of its office in Accra and now the combined comprehensive calibration, testing and... Continue Reading
The prompt and efficient rollout of government’s renewable energy programme is possible only if we can import the skills necessary for the development of these new industries. This is the view of Sandra Burmeister, CEO of the Landelahni Recruitment Group. The government signed contracts in November with 28 independent power producers for the delivery of 400MW of renewable energy to the national grid, bringing an investment worth R47bn into the energy sector. Government’s 20-year Integrated Resource Plan for renewable energy includes solar, wind, biomass and biogas projects. A second group of 19 preferred bidders has been announced for window two... Continue Reading
Ground-breaking research commissioned by All Seasons Capital Management and conducted by NKC Independent Economists – uncovers trends in African consumer spending and related investment opportunities. This cutting-edge research reveals that the African consumer is increasingly powerful, selective and differentiated. Commissioned by All Seasons Capital Management (ASCM) and conducted by award-winning research firm, NKC Independent Economists (NKC), the research identifies clear trends in Africa’s consumer spending on services, basic and luxury goods and alcohol through 2050 (see Graph 1). Detailed analysis reveals the specific opportunities available to boost bottom lines of companies already operating, or considering expanding into Africa. “The World... Continue Reading
