April 2019 / South Africa
Kenya begins construction of biggest drug factory in Africa
Gauteng’s R100 billion plan to build 30 new cities
- The Central Development Corridor – anchored on the city of Johannesburg as the hub of finance, services, information and communication technology, and pharmaceutical industries;
- The Eastern Development Corridor – built around the economy of the Ekurhuleni metro as the hub of manufacturing, logistics and transport industries;
- The Northern Development Corridor – anchored on Tshwane as the administrative capital city and the hub of the automotive sector, research, development, innovation and the knowledge-based economy;
- The Western Corridor – encompassing the economy of the West Rand district and the creation of new industries, new economic nodes and new cities; and
- The Southern Corridor – encompassing the economy of the Sedibeng district and the creation of new industries, new economic nodes and new cities.

Lanseria Airport City

Cullinan Mega City

Daggafontein Mega City

Goudrand Mega City

John Dube Mega City

- A civic and business centre
- Seven primary schools;
- Three secondary schools would be built.
- Eight business facilities
- 53 parks would be established and community gardens
- Full medical facilities including a hospital.
Park City

- Free Standing Units (FSU) Housing Scheme
- Social Housing Scheme
- Community Rental Units
- BNG Housing
- Open Market Affordable Rental Units
The full list of proposed mega city projects is listed below: Central





Marriott sees 20 new properties in Mena region this year
SHELL PLANS $15 BILLION INVESTMENTS IN NIGERIA’S OIL AND GAS SECTOR DEVELOPMENT
Tanzania set to start talks with majors on $30b deepwater LNG project
Jumia’s stock is soaring on its first day of trading on the New York Stock Exchange
Jumia’s historic initial public offering has gone live trading on the New York Stock Exchange—and its stock shot up.
After the ceremonial ringing of the NYSE bell by company executives, Jumia’s first official day of trading on the New York Stock Exchange began. And, as investors specialized in backing e-commerce companies in emerging markets predicted to Quartz Africa, Jumia garnered investor interest and enjoyed an impressive first day run. Its stock, which was priced at $14.5, closed up 75%.
While the sharp jump on its first day of trading signals a positive outlook from investors, it is by no means a permanent trend as another recent high-profile tech IPO proves. After launching amid strong interest and gaining on its share price on its first trading day, ride-hailing company Lyft has broken its IPO price just two weeks after its launch.
Jumia’s major executives including Sacha Poignonnec, co-CEO of Jumia Group, and Juliet Anammah, chief executive of Jumia Nigeria, were present to ring the opening bell on the exchange ahead of the launch. With its shares priced at $14.5 after initially setting a share price range between $13 and $16, Jumia offered 13.5 million shares for purchase and raised $196 million. The stock opened at $18.95.
The listing is a watershed moment for Africa’s tech ecosystems as Jumia, the largest e-commerce company on the continent with operations 14 countries, is the first Africa-focused tech company to launch on NYSE or any major global exchange—and that novelty was played up throughout the launch event.