Tag Archives: deal

British PM’s Brexit deal rejected by MPs

Prime Minister Theresa May.

Prime Minister Theresa May has lost an MPs’ vote on her Brexit deal by 230 votes – the largest defeat for a sitting government in history.

MPs voted by 432 votes to 202 to reject the deal, which sets out the terms of Britain’s exit from the EU on 29 March.

Labour leader Jeremy Corbyn has now tabled a vote of no confidence in the government, which could trigger a general election.

Mrs May said she would make time for a debate on the motion on Wednesday.

Mr Corbyn said the confidence vote would allow the Commons to “give its verdict on the sheer incompetence of this government”.

A Democratic Unionist Party source has told the BBC’s Laura Kuenssberg they will back Mrs May in a confidence vote.

If MPs vote to back a no confidence motion,…

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Helios Towers enters South African market with Vulatel deal

Telecommunications tower operator Helios Towers has entered the South African market, promising big investments in infrastructure as the country moves to 5G.

Working with local partner Vulatel, it plans to make “major greenfield wireless and fixed-line telecoms infrastructure investments” in the country, it said.

Black-owned Vulatel is led by its CEO and chairman, Tlhabeli Ralebitso, who was the founding MD of Vodacom Ventures and previously led Vodacom Group’s M&A and investor relations functions. Ralebitso is supported by Vulatel’s MD, Jean-Pierre Crouse, who was chief implementation officer at Dark Fibre Africa. The company began operations in 2017 after acquiring Dimension Data’s fibre and wireless division (formerly Plessey South Africa).

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North African countries yet to ratify free trade deal: AU

The African Union has challenged countries from North Africa to ratify the Africa Continental Free Trade Area agreement (AfCFTA), which is short of 4 ratifications to be operationalised.

The spokesperson in the office of the AUC chairperson, Ebba Kalondo tweeted her optimism ‘to have a North African country among the historic 22 ratifications that will effectively bring the AfCFTA into force’.

The African Union has made progress since July last year, when only Rwanda, Kenya, Chad, Niger, eSwatini (Swaziland) and Ghana had ratified the agreement that would create the largest trade zone in the world.

Kalondo and the Albert Muchanga, the Commissioner for Trade and Industry at AUC have been tweeting updates on several countries as…

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South African youngster Khanya Leshabela signs pro deal with Leicester City

The Foxes handed the attacking midfielder his first senior contract; a deal that runs through till the summer of 2022

Khanya Leshabela has signed his first professional contract, penning a three-and-a-half year deal with Leicester City.

Having moved to the United Kingdom from South Africa as a youngster, the attacking midfielder joined the Foxes’ academy in March 2013 and rose through the ranks.

After starring in the U18s set-up last season, Leshabela featured more regularly for the Club’s Development Squad [U23s] who are currently placed second in the 2018-19 Premier League 2 Division 1 campaign.

In November, he was included in a first-team squad for the first time as Leicester defeated Southampton on penalties in an English League Cup encounter. He, however, saw out the…

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Africa’s free trade deal will beat Trump, Brexit in 2019 — Quartz Africa

The countdown to establishing one of the world’s largest free trade zones is now closer than ever.

If seven more nations out of the required 22 ratify the African Continental Free Trade Area (AfCFTA), it will make true the dream of not only launching a single market for goods and services in Africa but also instituting the largest free trade agreement since the creation of the World Trade Organization 70 years ago.

The agreement, a flagship project of Agenda 2063 of the African Union, is meant to liberalize intra-African trade, generate jobs, do away with tariffs, and harmonize the work of already-existing regional economic communities.

Once it comes into effect, the deal will cover a market of 1.2 billion people in 55 nations with a combined gross domestic product of $2.5 trillion. The AU says…

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Largest aircraft deal ever for African continent announced | Travel News

Boeing and Lagos-based Green Africa Airways today announced a commitment for up to 100 737 MAX 8 aircraft, evenly split into 50 firm aircraft and 50 options, as the airline gears up to begin commercial operations. The total deal carries a list-price of $11.7 billion, the largest aircraft agreement from Africa, and will be reflected on Boeing’s Orders and Deliveries website once finalized.

“Today is a historic day for the Nigerian and African aviation industry,” said Babawande Afolabi, Founder & CEO, Green Africa Airways. “This landmark deal takes us much closer to our long-held dream of building a world-class airline that will unlock a new realm…

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