SAP is Top Employer Africa 2014
The business management software company SAP is the number one company in the Top Employers Africa 2014 Certification Programme. SAP, currently operating in Cóte d’Ivoire, Kenya, Nigeria and South Africa, came out first in the annual Top Employers Africa Certification Programme for good people management, which is carried out by the Top Employers Institute, and independently audited by Grant Thornton. Other companies that score well in people management are British American Tobacco, Orange, G4S, EY, Old Mutual Microsoft and Unilever.
Mombasa to invest in port and railway connections
Mombasa port in Kenya begins a $13 billion expansion to deal with competition from neighbouring Tanzania. An important part of the plans is to construct a railway that will link Mombasa to the capitals of Uganda and Rwanda. The Kenya Ports Authority will next week open a nineteenth docking station and will invest $320 million in three more at a new container terminal. This is will more than double capacity to 2.3 million containers and is the biggest upgrade to the port since 1980.
Africa's urban middle class in the continent's growing urban centres is becoming an attractive market for the world's pharmaceutical firms. According to a recent IMS research report (titled ‘Africa: A ripe opportunity’) pharmaceutical spending on the continent is expected to reach $30 billion in 2016, up from about $18 billion now. By 2020, the market could represent a $45 billion opportunity for drug makers, spurred in part by robust economic growth and demographic changes. Major pharmaceutical companies are stepping up their efforts to tap into this new market.