Japan to increase investment in SA

Pretoria – Mineral Resources Minister Mosebenzi Zwane has welcomed a commitment by the Japanese government to increase its investment in South Africa, despite the current downturn in the gloJapan-Cherry-Blossom-Lake-Sakurabal economy.

“We are encouraged by the continuous support from the Japanese government and companies, and that they are prioritising South Africa,” Minister Zwane said on Wednesday.

On Tuesday, he met with Parliamentary Vice Minister of Economy, Trade and Industry, Tsuneo Kitamura, on the sidelines of the Mining Indaba in Cape Town.

“It gives us confidence that our country remains a preferred investment destination. Investors are taking a long term view and are not discouraged by the current downturn in the cycle,” Minister Zwane said.

Japan remains a major trading partner for South Africa, with about 140 companies active in the country and over 150 000 jobs created. – SAnews.gov.za

South Africans Spend 24.7% Of Income On Mobile Services

27_1_mobile_change-620x350Nationally, South African Internet users spend 24.7 percent of their income on mobile services including data and voice, according to a Fin24 report.

Anything more than 5 percent in unaffordable, according to the International Telecommunication Union, said Alan Winde, minister of economic opportunities in the Western Cape.

The South African average monthly spend on a cellphone for voice and data is 210 rand ($13.06) per month, according to an Oct. 19 2015 BusinessTech report.

It’s worse in Malawi, where citizens spend more than $12 a month on average for mobile phones — that’s more than 50 percent of what an ordinary Malawian earns in a month, BBC reported in February 2015.

The universities of Cape Town and Western Cape conducted research commissioned by the provincial Western Cape Department of Economic Development and Tourism.

This article was published here 

WeChat ready to challenge Facebook, WhatsApp for mobile supremacy in Africa

wechat_phoneNot satisfied with merely being a titan on the mainland, Tencent is also apparently well and truly conquering Africa with the rise of the WeChat Wallet launched last November. Thanks to a long-term partnership with leading African media company Naspers, the Chinese service is also gunning for competition from the US.

Way back in 2001, Naspers acquired a 46.5% stake in Tencent for $32 million. While their stake has since diluted down to just 34%, it is now worth $65 billion.

In the context of Africa’s growth — in which China is known to have a vested interest — WeChat’s looks to be acquiring as much market share as possible during the country’s early Internet-using years, which are allowing for experimental business maneuvers. Indeed, the WeChat Wallet, which facilitates p2p money transfers, prepaid credit purchases, etc., doesn’t even require a bank account.

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Vision 2030 Projects That Will Change the Face of Kenya

160114173431-two-rivers-mall-super-1691454512470409400Kenya’s Vision 2030 is the national long-term development policy aimed at transforming the nation into a middle-income country providing a high quality of life to all its citizens in a clean and secure environment.
Kenya’s vision to transform into a middle-income economy by 2030 is taking shape with resources being directed to meet the infrastructure required to move the country into an industrialized nation.

Major changes have already taken place and the vision that looked unattainable when it was launched in June 2008 by then President Mwai Kibaki, is shaping up and the next few years will see Kenya’s face transformed completely through enormous and varied transport systems, energy and technology schemes among other developments.

Kenya’s Vision 2030 is the national long-term development policy aimed at transforming the nation into a middle-income country providing a high quality of life to all its citizens in a clean and secure environment. The Vision comprises of three key pillars: Economic; Social; and Political. The Economic Pillar aims to achieve an average economic growth rate of 10 per cent per annum and sustaining the same until 2030.

This article was published here

Obama signs Africa electricity initiative into law

7f956c0f89b84a6792dc22725029046fWashington – President Barack Obama signed into law on Monday a measure aimed at expanding electricity to millions of households in sub-Saharan Africa, a measure supporters say will save lives and accelerate growth on the continent.

The Electrify Africa Act, which unanimously passed the House of Representatives and Senate, leverages partnerships with the private sector in order to bring first-time electricity access to some 50 million people in underserved parts of Africa.

Virtually no new US federal funds are allocated for the project, which instead will use a system of loan guarantees to add 20 000 megawatts of electricity to the continent’s grid by 2020.

This article was originally published here