VENTURES AFRICA – Gulfstream Aerospace Corp. has announced plans to increase sales and marketing efforts in Europe and Africa with the June opening of a sales and design center in London and the appointment of company-authorized independent sales representatives in the United Kingdom, central Europe, Turkey and Nigeria. In addition, the company has positioned Pete [...]

VENTURES AFRICA – Mercedez Benz plant in South Africa’s eastern seaboard city of East London attained a court order late on Monday aimed at forcing workers to abandon their protest. Workers at the car maker’s assembly plant had gone on a wildcat strike at the end of last week after the firm allegedly threatened to [...]

VENTURES AFRICA – The shares of South Africa’s mobile phone operator, Vodacom, lost 1.14 percent to R114.50 at the close of the JSE on Monday. Traders attributed this battering to the general state of the market on the JSE where stocks got heavy punishment. BDLive reported that Vodacom’s headline earnings per share for 12 months [...]

VENTURES AFRICA – Yahoo! Inc. and Tumblr announced today that they have reached a definitive agreement for the former to acquire the latter for ‘a total consideration of approximately $1.1 billion’, all of which is payable in cash. Tumblr will be independently operated as a separate business. And its CEO David Karp, will keep his [...]