Welcome to OctoberFirst Consulting’s newsletter. Inside you’ll find articles and information on investment opportunities in Africa. Should you wish to discuss these further, do contact us.
This newsletter is published by Mr Frank Aneke, OctoberFirst Consulting, PO Box 83, Liverpool NSW 1871, Australia.
Telephone +61 (02) 9773 6672, email info@octoberfirst.com.au
This publication is supplied for information purposes. Some articles in this publication have been supplied by third parties and OctoberFirst Consulting does not take responsibility for any inaccuracies in these articles.

To read the full version of this newsletter click here, or use the links below to read individual articles.

In this issue….Agribusiness

Nigeria: Lagos Requires 257,000 Tonnes of Fish annually

Zambia: Country Has Great Agro Potential-Nielsen

Namibia:  Investors Needed for Fertilizer Plants

African Agriculture Becomes Hot Topic after Decades of Neglect


East Africa Needs up to $25 bln for Rail Upgrade

Nigeria Seeks Bidders for Power Distribution Firms

Egypt signs 300 mln Euro Power Plant loan

Ghana: ICC to Invest U.S $1.5 Billion into Accra Monorail Project, to provide over 15,000 Jobs

Environment & Renewable

Uganda: Investors Needed to Repair Oil Reserves

South Africa: Country ‘Has Enough Wind for 35 Percent of Electricity Supply’

Mozambique Approves $2 bln Hydroelectric Dam

Kenya: Going Green in Power Search Way Out, Says Centre

Telecoms & ICT

Rwanda Mobile Users Leap 21 pct in Q2: Regulator

Ghana: CTO Powers Search for Rural Connection Solutions

Nigeria: MTN Gets Over Four Million New Subscribers

South Africa: Brazil Punts Digital TV Technology to SADC

Mining & Energy

Nigeria embarks on Power Sector Privatisation

Senegal seeks to plug power gap with gas-fired plant

Guinea: Rio Tinto Plans Large Increase in Iron-Ore Investment

Nigeria: PIB to Generate 30,000 Jobs Locally, FG

New Investment & Trade

Swiss Investors Venture into Algeria Retail sector

Nigeria Spends $80bln on Wheat Import from US

Investor Sees Africa Risks Easing, Plenty of Growth

HSBC in talks for 70 pct of S.Africa’s Nedbank

Interview of the Month

Interview with Congressman Bobby Rush, Co-Chair of the Africa Partnership for Economic Growth Caucus (APEGc)

Country Stats: Burundi

Capital: Bujumbura
Area: 27,830 sq km
Total Population 2009: 8.3 Million
Urban Population 2009: 10.68%
Female Population 2009: 50.98%
GDP 2009: US$ 1.2 Billion
GNI Per Capita 2008: US$ 140
Inflation Rate 2009: 13.20%
Crude Birth Rate (per 1000) 2009: 34.27%
Human Development Index (scale 0 to 1) 2007: 0.394
Membership Date: 1/10/1968
Cumulative Approvals (1967-2009): UA 357.1 Million

Source: Africa Development Bank


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Interview of the Month

On August 31st, 2010, posted in: sep10news by

Interview with Congressman Bobby Rush, Co-Chair of the Africa Partnership for Economic Growth Caucus (APEGc)

U. S. Congressman Bobby L. Rush is a Member of the U.S. House of Representatives from the first congressional district of Illinois and is one of the senior Members of the powerful  Committee on Energy and Commerce.  He is also the Chairman of the Commerce,  Trade and Consumer Protection Subcommittee.  Given his position and experience, he is uniquely equipped and positioned to influence U.S – Africa trade relations.  It was his leadership as Co-Chair of the recently launched African Partnership for Economic Growth Caucus (APEGc) that sparked our interest.  The primary mission of APEGc is to develop U.S. policies designed to strengthen U.S. –Sub-Saharan Africa relations by promoting growth and economic development.  Despite major successes in Consumer Product Safety and other domestic matters, we honed in on his interest in enhancing opportunities for U.S. and African businesses through trade.


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David Dolan and Kelvin Soh

JOHANNESBURG/HONG KONG (Reuters) – HSBC is in talks to buy up to 70 percent of South Africa’s Nedbank in a potential $8-billion-plus deal that would give Europe’s biggest lender a broader gateway to the fast-growing African continent.

HSBC and Anglo-South African insurer Old Mutual, which owns a 52 percent stake in Nedbank, said in separate statements on Monday they were in exclusive talks.

HSBC will aim to buy up to 70 percent of South Africa’s fourth-largest bank from Old Mutual and minority shareholders, worth about 49.9 billion rand at Friday’s close.


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