Investment Portal

AFRICA/CHINA

China aims to rewrite perceptions on Africa investment

Beijing is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China. Chinese State-owned firms in Africa face criticism for using imported labour to build government-financed projects like roads and hospitals, while pumping out resources and leaving little for local economies, an image Beijing wants to change... Full Article

It's time for Africa

The Ernst & Young's 2011 survey done by a representative panel of 562 international decision-makers reflects Africa's attractiveness to foreign direct investors. The survey at: http://www.ey.com/Publication also reflects positive perceptions of, and outlook for the continent's economies.

Dangote works on $400 million Zambian cement plant

Dangote, Nigeria's largest cement maker is expected to start building a $400-million cement plant in Zambia this year. The Zambian Minister of Commerce, Trade and Industry, Felix Mutati told Reuters in an interview that "We are expecting not only a team of construction experts from Dangote to arrive in Zambia soon, but also the building of the plant leading to its subsequent launch. Full Article

Zambia constructs coal power plant (2011-2014)

Between end of 2011 and 2014, Singapore's Nava Bharat Pte Company is expected to complete constructing a 300 megawatt (MW) coal-fired power plant in Zambia. The company director, Ashwin Devineni in a statement said, "We have finalised the detailed layout of the power plant initially for 300 MW and later for an additional 300 MW." Full Article

South Africa's targeted efforts yields R115 billion Foreign Direct Investment pipeline

South African Trade and Industry Minister, Dr Rob Davies says that a three-year investment pipeline worth R115-billion has arisen as a result of government’s targeted efforts to promote foreign direct investment (FDI) from Brazil, China, France, Germany, India, Japan, Russia, Spain, and the Middle East, the UK and the US. He recently told lawmakers that FDI valued at R28-billion had already been secured, which had the potential to create 13 000 jobs. Full Article

South African firms put $5.5bn into foreign buys

In the first half of the year, South African companies announced plans to invest $5.5 billion (R38 billion) in 28 acquisitions offshore, according to Thomson Reuters, an information provider that monitors corporate activity worldwide. Full Story ...

1.

Unilever
June 2011
Unilever (UK) is investing into South Africa in the Consumer Products sector in a Manufacturing project. more...

2.

NetApp (Network Appliance)
June 2011
NetApp (Network Appliance) (United States) is investing into South Africa in the Software & IT services sector in a Sales, Marketing & Support project. more...

3.

Cummins
June 2011
Cummins (United States) is investing into the city of Johannesburg in South Africa in the Engines & Turbines sector in a Headquarters project. more...

4.

Atterbury Property Developments
June 2011
Atterbury Property Developments (South Africa) is investing into Mauritius in the Real Estate sector in a Construction project. more...

5.

Vodafone - [Vodacom]
May 2011
Vodafone (UK) is investing US$ 914.80 Million USD into South Africa in the Communications sector in a ICT & Internet Infrastructure project. more...

6.

Inditex
May 2011
Inditex (Spain) is investing into South Africa in the Textiles sector in a Retail project. more...