News

Unilever opens R670 million new Durban facility

12-15-2011 | 10:20:40
Minister of Trade and Industry, Dr. Rob Davies, today officially opened Unilever's R670-million state of the art savoury dry food plant at Riverhorse ...

Credit rating giants, Moody’s to help reposition Nigerian economy

12-15-2011 | 10:19:11
Moody’s Corporation, the world’s oldest credit rating agency announced that it has taken steps to commence business in Nigeria, given the country’s regional ...

Ecobank launches Middle Africa’s maiden bond index

12-15-2011 | 09:45:28
The Ecobank Group last week,  launched the first-ever benchmark index to measure the performance of sub-Saharan African (“SSA”) domestic bond markets ...

Burundi releases two new rice varieties for better lives

12-15-2011 | 09:38:15
Farmers in Burundi will soon sow the seeds of hard work and international cooperation with the release of two new rice varieties set to boost rice ...

Gold Fields makes its global IT glint with Integr8

12-15-2011 | 08:51:04
Years of intense discussion and high-level consultation between executive management at the Integr8 Group and its client, Gold Fields, has resulted ...

IMF Executive Board Completes Fifth Review Under ECF Arrangement for Ghana and Approves US$91.55 Million Disbursement

12-15-2011 | 08:49:48
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Ghana’s economic performance under the program supported ...

AUC Chairperson Launches Pan-African University and Commends Laureates of 2011 AU Kwame Nkrumah Awards

12-15-2011 | 08:27:51
The Chairperson of the African Union Commission (AUC), Dr. Jean Ping, on 14 December 2011, at the AUC Headquarters in Addis Ababa, formally launched ...

Mining Conference to launch major report on Minerals and Development

12-15-2011 | 08:25:55
On the sidelines of the on-going Conference of Ministers Responsible for Mineral Resources Development, jointly organised by the African Union and the ...

Nestle positions for growth, with innovations …Eyes N22billion in Q1, 2012.

12-14-2011 | 06:44:32
Nestle plc, maker of nutritional, health and wellness product recently made public its second quarter forecast result for Q1, 2012 on the floor of the ...

Globacom opens up network to mobile money operators.

12-14-2011 | 06:34:49
With Nigeria gradually moving from cash to mobile-based transactions and as stakeholders in the emerging ecosystem jostle to expand the scope of ...

Egypt 2011 tourism revenues seen down by a third

12-14-2011 | 06:14:06
Egypt expects to earn about $9 billion from tourism in 2011, down by about a third on a year earlier after many visitors were deterred by an uprising ...

Nigeria president proposes 4.749 trln naira 2012 budget

12-14-2011 | 06:12:36
Nigerian President Goodluck Jonathan presented a 4.749 trillion naira ($29.29 billion) budget to the national assembly on Tuesday, in what he said ...

Kenya postpones Eurobond issue plan

12-14-2011 | 06:05:45
Kenya has postponed plans to issue a debut eurobond in the fiscal year to June 2012 and will instead raise $600 million from international banks ...

IMF OKs final loan tranche to Mali

12-14-2011 | 06:02:07
The International Monetary Fund on Monday approved a final loan disbursement of $9.3 million for Mali, whose government is currently negotiating ...

Gambia's Bensouda is next international prosecutor at ICC

12-14-2011 | 05:55:02
Member states of the International Criminal Court elected Fatou Bensouda of Gambia as its next chief prosecutor on Monday, in part to counter perceptions ...

2011 coffee exports up

12-14-2011 | 05:52:18
Whereas export earnings for some major commodities have suffered a substantial decline this year, coffee export volumes and paybacks have enjoyed ...

Kenya to import electricity from Ethiopia

12-14-2011 | 05:47:10
Kenya will sign a power purchase agreement this week with Ethiopia that will kick-off a massive project that will see the country get an additional ...

Cummins eyes US$1billion dollar potential market in West Africa

12-14-2011 | 05:43:01
Cummins a global power leader servicing a number of sectors across Nigeria including business ,offshore marine, mining and petroleum, has said it eyes ...

Herbert Smith launches pioneering free legal assistance facility for the Government of Sierra Leone

12-13-2011 | 10:30:33
Herbert Smith has launched a ground breaking new partnership with the Government of Sierra Leone. The partnership takes the form of a free legal ...

An Emerging Shift in Leveraging Natural Resources in Africa

12-13-2011 | 09:24:41
Lauri Elliott. Columnist in South Africa. With the growing global population and consumption by that population of food, water, and other resources, ...