News

IFC, Citigroup, AfDB Provide Up to $300 Million to Boost Trade in Africa

09-14-2010 | 13:15:00
  IFC, a member of the World Bank Group, Citigroup, and the African Development Bank agreed to provide up to $300 million in trade financing for exporters ...

World Energy Congress: AfDB President Kaberuka to Stress Access to Energy as Key to Africa’s Development

09-14-2010 | 13:12:45
Participating at World Energy Congress (WEC), in Montréal, Canada, from 12-16 September 2010, the African Development Bank (AfDB) President, Donald Kaberuka, ...

Adamus placement hits the right chord

09-14-2010 | 13:11:12
A HEAVILY oversubscribed share placement is set to net emerging Ghana gold producer Adamus Resources $A31.3 million as it works towards finalising construction ...

Nestlé inaugurates its CHF 36.2 million infant cereal plant in Ghana

09-14-2010 | 13:09:19
Nestlé aims to double the capacity of infant cereal at its new state-of-the-art plant in Ghana. The site – an extension of the existing Nestlé Tema factory ...

FCMB Partners Cornerstone Insurance To Ease Travel Process

09-14-2010 | 13:05:29
First City Monument Bank Plc (FCMB) and Cornerstone Insurance Plc are set to give the Nigerian public added travel benefits via a low-priced (promotional ...

Liberia - Entry expands Chevron’s presence in West Africa in a promising new geological trend

09-09-2010 | 17:00:21
Chevron Corporation (NYSE:CVX) today announced that it has been granted approval by the Liberian government to acquire a 70 percent interest and operatorship ...

SAFARICOM SUPPORTS PREMIER KENYAN SPORTS FETE-Seven-year Relationship Cemented with Sh7 million Cheque

09-09-2010 | 16:58:36
This year’s edition of the Safaricom Sportsperson of the Year Awards (SOYA) awards was launched today, with the listed telecoms operator committing Sh7 ...

Cameroon: Investing in Infrastructure to Boost the Productivity of the Port of Douala

09-09-2010 | 16:55:40
Standing on his veranda, Robert Mebuna can’t believe his eyes. As chairman of the Committee on Hygiene and Sanitation for the Cité de la Paix district, ...

MTN Zakhele offer proves popular

09-09-2010 | 16:53:26
There has been an overwhelming response to the MTN Zakhele public offer, which opened to the Black public on 30 August 2010. From day one of the offer, ...

Remuneration Trends in Southern Africa

09-09-2010 | 16:52:06
  PricewaterhouseCoopers’ (PwC’s) first edition of the Remuneration Trends report for Southern Africa reveals that the greatest challenge facing multinational ...

Ethiopian Airlines and South African Airways Enhance Cooperation

09-09-2010 | 16:47:18
Ethiopian Airlines and South African Airways have further enhanced their cooperation by extending the code share partnership agreement. The new agreement ...

UBA Secures EUR 234m Oil and Gas Financing Deal in Sénégal

09-08-2010 | 15:07:53
In a move that underscores its capacity to fund big ticket transactions across Africa, United Bank for Africa has secured a multi-million oil and gas ...

FBC Bank opens Msasa Branch – Another Milestone

09-08-2010 | 15:05:18
FBC Bank, the flagship brand of FBC Holdings has opened a branch in the Msasa Industrial Area. The state of the art custom made branch is the bank’s ...

IMF Executive Board Concludes 2010 Article IV Consultation for the Republic of Burundi

09-08-2010 | 15:01:45
On July 23, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Burundi.1 Background Burundi ...

UNEP backs action on e-waste in East Africa

09-08-2010 | 15:00:21
Kenya is set to become the first East African nation to develop regulations on the management of electronic waste (e-waste), following a national conference ...

AfDB’s Response to Climate Change in Africa

09-08-2010 | 14:58:11
  The African Development Bank (AfDB) Group is taking a lead in addressing climate change issues which are adversely impacting on the African continent. ...

AfDB Provides CFAF 13 Billion to Help Modernize Gabon’s Fisheries Sector

09-07-2010 | 15:59:01
  The AfDB recently handed CFAF 13 billion worth of equipment to Gabon’s fisheries and aquaculture directorate aimed at modernizing the sector. The ...

Sasol Nitro announces process to divest of five fertiliser blending plants

09-07-2010 | 15:56:56
In July 2010 Sasol Nitro, a division of Sasol Chemical Industries Limited, undertook, as part of an agreement with the Competition Commission, to divest ...

Greening Water Law

09-07-2010 | 15:54:51
  Governments and law-makers need to integrate environmental concerns into water-use legislation to avert an impending global water crisis, according ...

Rwanda / IOM Set to Support Reintegration Opportunities for Rwandan Refugee Returnees

09-07-2010 | 15:53:04
IOM and the Rwandan Ministry of Disaster Management and Refugee Affairs (MIDIMAR) has just launched the ”Enhancement of socioeconomic reintegration ...