News

Investment in Africa Renewable Energy Reaches $3.6 Billion in 2011.

01-04-2012 | 12:12:07
First, the bad news. Although Africa has vast fossil and renewable energy sources, only twenty percent of its population has direct access to electricity ...

MTN shares down 2%.

01-04-2012 | 11:35:01
Shares of MTN Group , Africa’s largest cellphone operator, dropped over 2% on Wednesday with investors fretting that the economic impact of US sanctions ...

Kenya central bank in repo market to mop up $59 mln.

01-04-2012 | 11:32:01
Kenya's central bank sought to mop up 5 billion shillingsfrom the market on Wednesday through repurchase agreements, a day after a similar effort ...

HRM practices by SMEs in Africa.

01-04-2012 | 07:18:19
By Isaac Twumasi-Quantus in Accra. Organizations have a life cycle; they are born, they grow, mature and, unless they are rejuvenated, they decline. ...

2012: Domestic activity to the rescue.

01-03-2012 | 13:02:44
At this time of the year, there is one burning question in the mind of investors and business decision makers alike, that is: what economic conditions ...

Ecobank, Oceanic shareholders okay merger.

01-03-2012 | 12:42:17
Shareholders of Ecobank Nigeria Plc and Oceanic Bank International Limited, yesterday, approved their proposed merger, just as the merged banks will ...

SSNIT wins international award.

01-03-2012 | 12:34:45
The International Social Security Association (ISSA) has awarded a Certificate of Merit to Ghana’s Social Security and National Insurance Trust (SSNIT) ...

Airtel awards first Friendzy Promo winners.

01-03-2012 | 12:23:51
Airtel Ghana has awarded cash prizes and Samsung devices to winners of the Friendzy weekly promotion.Airtel Friendzy is a national consumer promotion ...

Global investors prefer Nigeria to SA.

12-24-2011 | 06:03:56
Global private equity investors prefer to put their money into Nigeria rather than SA, as this country is currently seen as "over-invested".This view ...

IMF agrees to US$123 million credit facility for Niger.

12-24-2011 | 05:56:28
The International Monetary Fund has reached a preliminary agreement with Niger on a $123 million extended credit facility program, IMF chief Christine ...

Tanzania secures Sh434 billion from AfDB and World Bank.

12-22-2011 | 08:34:40
Two multilateral institutions, the African Development Bank and the World Bank have given Tanzania $255.2 million (Sh434 billion) to help support ...

Shell shuts Nigerian oil platform after leak.

12-22-2011 | 08:22:42
Royal Dutch Shell is shutting down its 200,000 barrels per day (bpd) Bonga oilfield off the Nigerian coast after a leak occurred while loading a ...

China rail company signs US$1.2 billion Ethiopia project.

12-22-2011 | 08:20:31
A subsidiary of China Railway Construction Corp Ltd has signed an agreement with Ethiopia Railway Co to cooperate on a $1.19 billion rail project ...

GTI Microfinance bank board approves N150 million raise in share capital

12-22-2011 | 08:11:12
The board of directors of GTI Microfinance bank limited has approved an increase in share capital from N50 million to N150 million for a state license. ...

Sudan to invite bids to run six new oil, gas blocks.

12-21-2011 | 11:43:55
Sudan will invite bids from firms to operate in six new oil and gas blocks early next year, the oil minister has said, as the country moves to compensate ...

UNESCO organized safety training for East African journalists.

12-21-2011 | 11:35:37
UNESCO’s International Programme for the Development of Communication (IPDC) sponsored an inaugural safety and protection training workshop for East ...

Libya awards oil supply in 2012 to major traders.

12-21-2011 | 11:27:03
Libya has agreed to supply four major European trading houses with crude oil in 2012, a senior National Oil Corporation (NOC) source told Reuters ...

AfDB co-financing to CIF projects could top US$600 million in 2012.

12-21-2011 | 11:02:49
The AfDB's Clean Technology Fund (CTF) pipeline for 2012 includes concentrated solar power (CSP) projects in Kom Ombo, Egypt and Ouarzazate, Morocco. ...

Ugandan cocoa exports projected to rise next year.

12-21-2011 | 10:55:37
Uganda is projecting a 12 per cent jump in its cocoa exports in the 2011/2012 (Oct-Sep) season compared with the last season, as newly planted trees ...

Nigeria to stop cement importation in 2012.

12-21-2011 | 10:45:28
President Goodluck Jonathan has set out plans to stop the importation of cement by the first quarter of 2012 as Lafarge begins production of 2.5 million ...