General Electric seeks to double Africa revenue to $10 billion in 5 years, eyes Nigeria and Ethiopia>
GE has identified Africa as one of its most important growth areas; plans to invest $2bn by 2018 as well as doubling its workforce on the continent.
Unfazed by xenophobia, two of South Africa's richest men raise cash to invest in African infrastructure>
The Johannesburg-based Pembani Remgro Infrastructure Fund will target electricity, transport and logistics projects.
“It’s been a tough year, probably one of the most challenging we’ve ever faced,” - CEO Shameel Joosub
Diversifying out of South Africa as local retailers struggle amid unemployment of 24% and prolonged labour disputes.
Country lacks the ambition and determination of some other emerging markets such as India, China and Nigeria.
Vodafone has 7.6m M-Pesa users in Africa through Vodacom, and more than 20m in Kenya through Safaricom. MTN has more than 22m mobile-money users.