The Bank of India headquarters in Mumbai, India. (Image source: Wikicommons)
Bank of India (BoI) has opened its first branch in Johannesburg, South Africa
Bank of India sets up branch in South Africa
Finance
South African bank awarded Nigerian business license
The FirstRand group has been pursuing an aggressive investment policy in more and more new African markets. (Image source: sxc.hu)
South Africa-based Rand Merchant Bank (RMB) has secured a merchant banking licence from Nigeria which permits it to establish a corporate and investment company in the country
IMF concerned over non-repayment of debt by African countries
IMF claims Somalia and Sudan have accumulated obligations dating back to the mid-1980s, while Zimbabwe has been in arrears since 2001. (Image source: sxc.hu)
The International Monetary Fund (IMF) has expressed concern over the failure of Sudan, Somalia and Zimbabwe to honour their commitments to pay their financial debts
Rising gold prices lead Côte d’Ivoire to impose more tax on gold miners
The step was taken by Côte d’Ivoire because gold price has shown a steady increase in recent time without any benefit reaching the country. (Image source: Getty Images)
Côte d’Ivoire will impose a tax of 19 per cent on gold mine profits in an attempt to benefit from soaring world prices
China claims its investment in Uganda is worth US$596 million
Chinese ambassador to Uganda, Zhao Yali, has said that Chinese investment in the country was currently worth US$596mn
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The Carmix 3.5TT is renowned for its robust performance in concrete mixing. (Image source: Carmix)
The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
Vertiv is a global provider of critical digital infrastructure and continuity solutions. (Image source: Vertiv)
Bobcat can now offer its customers an even more complete package of material handling solutions. (Image source: Bobcat)
Bobcat has included additional features to enhance the visibility around the machines. (Image source: Bobcat)
The project sought to address the high accident rate at the old Breidbach intersection and the traffic congestion. (Image source: SANRAL)
L to R: Wayne Bowyer, managing director of Toyota Tsusho Africa; Andrew Velleman, CEO of CFAO South Africa; Andrew Kirby, president and CEO of Toyota South Africa; Rev Musa Zondi, KZN MEC for Economic Development, Tourism, and Environmental Affairs; Minister Parks Tau, SA Minister of Trade, Industry and Competition; Hiroshi Morita, CEO of Ogihara Thailand; and Nigel Ward, Toyota EVP: manufacturing and manufacturing support. (Image source: CFAO South Africa)
Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)
The groundbreaking ceremony was attended by key representatives from the Ugandan Government, local communities and the companies involved in the project’s delivery. (Image source: AMEA Power)
The Forte Secondary School fulfils an important role of educating 2,400 learners. (Image source: Bell Equipment)
The port will be connected to a network of additional infrastructure, including a free zone and multimodal logistics infrastructure. (Image source: Adobe Stock)
The project will extend and modernise the Moroni and Boingoma ports. (Image source: AfDB)
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The HGY Series are designed to work seamlessly with micro-grids and renewable energy sources. (Image source: HIMOINSA)
The agreement reportedly represents one of the largest contracts signed by Turkish contractors abroad. (Image source: Adobe Stock)
Rawbank is looking to ensure a scalable and reliable environment for its digital assets. (Image source: OADC)
Ampersand aims to deploy five million e-motorcycles by 2033. (Image source: Ampersand)
Enhanced visibility. Industrialised reliability. (Image source: Brady)
The appointments have been made in line with the next phase of its reimagine transformation. (Image source: JLR)
Up to 880 jobs are expected to be created through the new plant. (Image source: Adobe Stock)
The RogueX2 features a lithium-ion battery, electric drive actuated lift, and tilt kinematics with no hydraulics. (Image source: Bobcat)
The project is part of the Nigeria-Cameroon Multinational Highway and Transport Facilitation Programme. (Image source: ECOWAS)
Daimler Truck MEA operates two state-of-the-art warehouses and its advanced training centre underscores the commitment to developing regional talent and delivering unparalleled service. (Image source: DT MEA)
COP29 will build on the COP28 agreement by advancing initiatives and priorities that accelerate the development of renewable energy potential and remove barriers to its expansion. (Image source: IRENA)
14Trees 3D printing technology has been building affordable and low-carbon housing and schools in Africa. (Image source: BII)
The solution empowers customers to maximise operational performance and accelerate net-zero goals. (Image source: Adobe Stock)
Falcon Aerospace offers of aviation services including private jet charter, aircraft maintenance, sales and fractional ownership. (Image source: Adobe Stock)
More than 5,500GW of new renewable energy capacity is expected to be added between 2024 and 2030. (Image source: Adobe Stock)
