This article was first featured on the October/November 2012 issue of Ventures Africa Magazine   VENTURES AFRICA – The last quarter is upon us and this year has seen the introduction of a plethora of new, networked technology devices. The endless streams of new models cater to the different demographics at far-reaching corners of our [...]

VENTURES AFRICA – Zimbabwe’s finance minister, Tendai Biti, has called on South African banks with operations in Zimbabwe to think of listing on the Zimbabwe Stock Exchange or they may be compelled to do so. It is believed that Biti disclosed this shocking news to the government newspaper, The Herald. Biti allegedly said the state [...]

VENTURES AFRICA – The South African Government’s Employees’ Pension Fund (GEPF) on Tuesday said it had acquired 25 percent of Independent News and Media for $52 million. Khaya Buthelezi, the GEPF spokesman, told Business Day that the acquisition of the stake in Independent News & Media SA was in keeping with the government’s mandate. “In [...]

VENTURES AFRICA – Discussions aimed at selling Chevron’s assets in Egypt have progressed full steam ahead, well-placed sources told Reuters on Tuesday. It is believed that US’s second largest oil firm will generate about $300 million from the sale of these possessions. International oil majors are currently withdrawing from doing business in their “downstream operations” [...]