Corporate news from Africa:
• India, Brazil and South Africa signed the IBSA Trust Fund Agreement that seeks to fight poverty in developing countries, here today. The agreement was signed by Minister of State for External Affairs V K Singh who led the Indian side at the 8th IBSA trilateral Ministerial Commission Meeting in Durban.
• Jay Ireland, CEO and President of GE Africa was one of two to receive a Princeton in Africa award at the program’s annual gala awards which was held yesterday in New York.
• Africa holds the key for feeding the nine billion people that will inhabit this planet by 2050, according to Dr Akinwumi Adesina, African Development Bank (AfDB) President and 2017 World Food Prize Laureate during his Norman Borlaug Lecture delivered on 17 October 2017, on World Food Day.
• A multi-million Naira Youth Farming Initiative that will engage teeming unemployed Nigerian graduates in rice farming has been launched by the Dangote Rice Limited in Kogi State. This is even as the Company prepares to hit the market with One million metric tons of Dangote rice in 2018.
• The increase in the demand for the South African wines in Russia provides a good opportunity for the local companies to penetrate the Russian market, according to Vernon Henn, Thandi Wines Managing Director. Henn is one of the 20 businesspeople who will be travelling to Russia this weekend to participate in the Investment and Trade Initiative (ITI) taking place from 24 to 26 October 2017. South Africa’s wine exports to Russia increased by 58% in 2016, amounting to a total of ZAR273 million.
• President Jacob Zuma has appointed the members of a new board for the SABC. The presidency said on Tuesday that Zuma designated Bongumusa Makhathini as chairperson and Febe Potgieter-Gqubule as deputy chairperson of the board.
view all updates