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Heirs Holdings invests in Planet Labs revolutionary satellite technology

The pan-African proprietary investment company has announced its investment in US start-up Planet Labs’ innovative satellite manufacturing technology Heirs Holdings (http://www.heirsholdings.com), the pan-African proprietary investment company founded by Tony O. Elumelu, CON, has announced its investment in US start-up Planet Labs’ innovative satellite manufacturing technology. Heirs Holdings is the only African investor in the project, which is based in San Francisco. Planet Labs aims to transform the way imaging of the Earth is carried out, through the introduction of ultra-small satellites called “doves.” These “doves” circle the planet in low…

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Euronews to launch Africanews, 1st Pan-African multilingual news channel, in Congo Brazzaville

qIn 18 months time, Euronews (http://www.euronews.com) will have a sister channel in Africa. In partnership with the national television channel of the Republic of the Congo, Euronews will bring to Africa its unique know-how as a multi-lingual and multi-cultural news channel, broadcasting around the clock. Starting with English and French, and then adding other languages widely-spoken on the continent, Africanews aims to become the first Pan-African rolling news channel. The headquarters will be in Brazzaville and regional offices will be set up across the continent. Africanews will adhere to the…

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Nissan To Begin Production of 4X4 SUVs In Nigeria

In line with Nigeria’s new automotive policy, Nissan will unveil a new line of locally manufactured cars at an old Lagos Volkswagen Assembly plant by April, Renault-Nissan CEO, Carlos Ghosn has said. “We are interested in producing popular cars, totally adapted to the needs of Nigerians,” Ghosn told president Goodluck Jonathan at the ongoing World Economic Forum at Davos, Switzerland. Though reports wrongly claim the Nissan 4X4 SUVs which would be rolled out in April will be Nigeria’s “first made in Nigeria” cars under the new automotive policy, Innoson Motor…

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DHL’s focus on Africa pays off

DHL’s focus on Africa pays off DHL, the world leader in international express delivery, has reinforced its claim to be “The International Specialists” with external recognition in all continents in 2013 across a broad range of functional disciplines. The latest recognition, the Frost & Sullivan award for Market Penetration in sub-Saharan Africa, brings the total number of external honours won by DHL Express since January 2013 to over 20. Of these, awards have been won across numerous functions – from superior customer service, great operational quality to its marketing efforts…

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Made in Ethiopia: Fashion retailer H&M looks to sub- Saharan Africa for suppliers

Sub-Saharan Africa’s potential to become a global low-end manufacturing destination has come under discussion lately, especially with rising cost pressures in traditional markets such as China. Swedish-based fashion retailer H&M is one of the latest global companies to experiment with sourcing its products from sub- Saharan African countries. It has placed test orders for garments from Ethiopian and Kenyan suppliers. Retailers such as Tesco and Walmart reportedly already source some products from Ethiopia. “We are a growing global company and we need to constantly look at how we can ensure…

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US Power Africa Attracts $2.7b Investments

The US efforts to increase twofold electricity supply in sub-Saharan Africa has already attracted investments valued at $2.7 billion, according to Imara Africa Equity Research. Overseas Private Investment Corporation (OPIC), a US government agency, has dedicated $1.5 billion for the first five years to the US initiative – known as Power Africa – according to OPIC’s Mimi Alemayehou. The Millennium Challenge Corporation (MCC), another US agency, had pledged $1 billion to Power Africa, its Kamran Khan has said. Additionally, the US Agency for International Development (USAID), a well-known US development…

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12 Things I Want To Teach My Toddler About Work

My son turned 3 recently. I know it’s a bit early to teach him about business and life lessons — but it’s never too early to start thinking about it. And besides, he’s already starting to show entrepreneurial tendencies — he hates not knowing how to do things, and he never gives up. Here are the things I hope to instill in my child someday. 1. Gather knowledge… but also gather knowledgeable people. You can’t know everything. But you can know enough smart people that together collectively know most of…

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Didier Drogba buys $74M stake in Ivorian gold mine

Didier Drogba (left) signing the gold mine purchase documents next to Cote d’Ivoire’s Economy and Finance junior minister Niale Kaba (centre) and Ivorian Budget junior minister Abdourahmane Cisse Ivorian footballer and Galatasaray FC striker Didier Drogba has reportedly bought a 5 per cent stake in his country’s largest mining company. The former Chelsea forward according to African Review paid $74 Million to acquire part of the state’s shares in the company Drogba had expressed interest in purchasing the stakes at the state owned mine last March but encountered difficulties sealing…

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