All’s well in The Gambia, says IMF Published by Staff Writer on 1 June 2011 The Gambia’s long-term economic outlook is generally positive, says the International Monetary Fund.
Nigerian banks forced to establish agric desks Published by Staff Writer on 30 May 2011 In an effort to boost lending to the agriculture value chain, the Central Bank of Nigeria (CBN) has ordered commercial banks to establish agricultural desks within six months.
World’s cheapest car might come to Mozambique Published by Staff Writer on 29 May 2011 Plans are underway to build a Tata vehicle assembly plant in Mozambique’s Zambezia province.
Portraits of the African middle class Published by Staff Writer on 28 May 2011 The Other Africa is photographic project by Philippe Sibelly that started in 2005. It is a visual document studying the emergence of a middle class on the continent.
Why it is unlikely that an African will head up the IMF Published by Staff Writer on 27 May 2011 It is highly unlikely that South Africa’s Trevor Manuel will land the job as head of the IMF, writes Chipo Musoko in an opinion piece for Zimbabwe’s The Herald newspaper.
West Africa: Free trade at last? Published by Staff Writer on 24 May 2011 Nigeria’s Business Day newspaper today wrote in an editorial piece that the Economic Community of West African States (ECOWAS) is expected to scrap all tariffs, restrictions and quotas in an effort to boost trade within the region.
M-Pesa struggling to take off in South Africa Published by Staff Writer on 23 May 2011 Despite its success in East Africa, mobile money transfer service M-Pesa is struggling to take off in South Africa.
Battery firm might close Kenyan factory, blaming cheap imports and high costs Published by Staff Writer on 23 May 2011 Battery manufacturer Eveready East Africa might close its Kenyan factory to cut costs as “cheap” imports from Asia had eaten into the firm’s market share.
SABMiller sees good beer sales from Africa Published by Staff Writer on 20 May 2011 SABMiller, the world’s second largest brewer by volume, saw a 13% increase in lager sales in Africa (excluding South Africa) over the past year.
Will SA’s Trevor Manuel be the next IMF head? Published by Staff Writer on 17 May 2011 It has been suggested that Trevor Manuel, South Africa’s former finance minister and presently Minister in the Presidency and head of the National Planning Commission, could take over the reigns as the managing director of the IMF.
Canadian firm to start drilling for oil in Somalia Published by Staff Writer on 16 May 2011 Canada’s Africa Oil is planning to start exploring for oil in Somalia’s semi-autonomous Puntland region.
Zimbabwe: Foreign banks told to comply with empowerment laws Published by Staff Writer on 15 May 2011 Foreign-owned banks operating in Zimbabwe, including Barclays Bank, Standard Chartered Bank and Stanbic Zimbabwe, could face “punitive measures” if they fail to transfer majority shareholding to black Zimbabweans.
Disney sees potential in Africa, but still no theme park Published by Staff Writer on 12 May 2011 Entertainment company Disney aims to bring more television channels, live shows and digital products to Africa, although a Disney theme park is not yet on the horizon.
How we made it in Africa up for top business media award Published by Staff Writer on 12 May 2011 How we made it in Africa has been selected as one of the three finalists in the Media of the Year category for the Diageo Africa Business Reporting Awards 2011.