News

Cardero Resource Corp. Acquires Securities of Abzu Gold

12-24-2010 | 12:16:52
Cardero Resource Corp. announces that, effective December 21, 2010, it has acquired an aggregate of 8,634,007 common shares, representing 16.32%, of ...

AfDB Invests USD 550 Million in New Egyptian Power Plant

12-24-2010 | 11:38:02
A USD 550-million African Development Bank (AfDB) Loan, approved on 15 December 2010, will help Egypt build a new 650-MW power plant. “The USD 550-million ...

Nigel Sinclair Thomson on Zwana Unicom

12-22-2010 | 10:40:17
In Johannesburg Africa Business Communities met with Nigel Sinclair Thomson, CEO of Zwana Unicom.Kindly tell us about your company.'My company Zwana ...

MILLICOM INTERNATIONAL CELLULAR S.A. - CREATION OF NEW TOWERS COMPANY IN DRC

12-22-2010 | 10:38:10
Millicom International Cellular S.A. today announces that its subsidiary in the Democratic Republic of the Congo , Oasis has agreed to sell 729 towers ...

IFC’s Local Currency Loans are Protecting African Clients against Foreign Exchange Risk

12-22-2010 | 10:36:10
IFC is providing local currency loans to African clients to protect them against currency fluctuations and foreign exchange risk, while helping develop ...

AfDB Invests USD 806 Million in African Transport Sector

12-22-2010 | 10:33:46
In line with the African Development Bank Group’s 2008-2012 Medium-Term Strategy which has transport as one of its core intervention areas in the Regional ...

Azumah Resources: multiple new zones discovered at WA gold project

12-21-2010 | 16:20:06
Azumah Resources is pleased to report that it has discovered multiple new zones of mineralisation with the first round of new season drilling at its ...

Air Nigeria set to commence flights to Enugu …adopts National Mirror onboard all flights

12-21-2010 | 16:18:26
Air Nigeria will commence daily flights to Akanu Ibiam International Airport, Enugu from both Lagos and Abuja. The introduction of flights to the Coal ...

Environmental Assessments for Sierra Leone Help Sustainable Development

12-21-2010 | 16:16:46
The vital role of environmental assessments in supporting the sustainable use of Sierra Leone's rich natural heritage has won high level support at ...

AfDB Invests USD 1000 Million African in Water Sector

12-21-2010 | 16:14:54
The African Development Bank (AfDB) Group has approved 3 projects in the water sector in the last few weeks amounting to USD 114.35 Million. The Bank ...

Building Capacity to Manage Ghana's Oil - World Bank Assists with US$38 Million

12-21-2010 | 16:10:41
The World Bank Board today approved a credit of US$38 million to the Government of Ghana for implementation of an Oil and Gas Capacity Building Project. The ...

Ethiopian Airlines and Boeing Partner with Non-Profits to Deliver Needed Medical Supplies

12-20-2010 | 12:34:41
Ethiopian Airlines partners with Boeing and Seattle Anesthesia Outreach  to transport much needed anesthesia equipment to Black Lion Hospital on its ...

Sasol signs CAD$1 050 / ZAR7 119 million agreement in Canada to significantly increase its contingent natural gas resources

12-20-2010 | 12:32:51
South African energy and chemicals group Sasol, today announced it signed an agreement with the Canadian-based Talisman Energy to acquire a 50% stake ...

NIGERIA FOOD AND NUTRITION EXPANSION

12-20-2010 | 12:31:33
PZ Cussons today announces plans to expand its presence in the food and nutrition category in Nigeria. A food ingredients business is being established ...

World Bank President Praises Reforms In Zambia, Underscores Need For Continued Improvements In Policy And Governance

12-20-2010 | 12:29:25
World Bank Group President Robert B. Zoellick today praised Zambia’s efforts to reform its economy and encouraged its continued efforts to promote inclusive ...

Africa to host 2011 CIF Partnership Forum

12-17-2010 | 12:40:14
As one of the main implementers of the Climate Investment Funds (CIF) in Africa, the African Development Bank (AfDB) will host the 2011 CIF Partnership ...

Air Nigeria connects Abuja – Port Harcourt …increases frequency on Lagos – Port Harcourt

12-17-2010 | 12:38:54
Air Nigeria has commenced direct flights from Abuja to Port Harcourt with two daily flights as a further demonstration of the airline’s commitment towards ...

World Bank Approves US$10 Million for Economic Diversification in Republic of Congo

12-17-2010 | 12:37:29
The World Bank Board of Executive Directors approved today a US$10 million loan from the International Development Association (IDA) for the Economic ...

European Investment Bank Loans $135 Million to Tanzania for Transmission Line

12-17-2010 | 12:35:55
The European Investment Bank has agreed to provide a USD 135 million loan to co-finance a new 667km high voltage transmission line being built by TANESCO ...

PFU Imaging Solutions enhances presence and focus across sub-Saharan Africa

12-17-2010 | 12:34:24
PFU Imaging Solutions, a subsidiary of Fujitsu, today announced the appointment of three new distribution partners in sub-Saharan Africa, who will be ...