Visa to target East African market with new Nairobi office Published by Staff Writer on 14 March 2011 Payment systems provider Visa International has indicated that it plans to open an office in Nairobi.
Ethiopia to generate hydro power from Nile River dam Published by Staff Writer on 13 March 2011 Ethiopia is set to build a major dam along the Nile River to generate hydro electricity, Prime Minister Meles Zenawi told a press conference on Saturday.
Kenya’s new middle class demanding fine liquor Published by Staff Writer on 11 March 2011 Expensive wines and whiskies are gaining popularity among Kenya’s cosmopolitan middle class.
Indian tea grower looking for opportunities in Africa Published by Staff Writer on 10 March 2011 McLeod Russel India Ltd., the world’s biggest tea grower, is looking for acquisitions in African countries such as Rwanda.
Brave Ugandans embrace online forex trading Published by Staff Writer on 9 March 2011 Online forex trading is gaining popularity in Uganda.
U.S. banks to strengthen presence in Africa Published by Staff Writer on 7 March 2011 Two of America’s largest banks, JP Morgan Chase and Citi, told the Reuters Africa Investment Summit that they intend to boost their footprint on the African continent.
‘Nigeria cannot afford to fail this time’ Published by Staff Writer on 7 March 2011 Former Ghanaian president John Kuffour has warned that the entire continent will suffer if Nigeria fails to hold free and fair elections this year.
Nigerian cocoa farmers cashing in on Ivorian crisis Published by Staff Writer on 2 March 2011 Earnings by cocoa farmers in Nigeria, the world’s fourth-largest producer, rose to a record yesterday, according to the country’s Cocoa Association.
Medical tourism in Mauritius expected to grow by 36% in 2011 Published by Staff Writer on 2 March 2011 The number of foreign patients seeking medical care in Mauritius is expected to increase by 36% this year. Patients are mostly from Madagascar, Seychelles, Reunion, France and South Africa.
SABMiller to build new brewery in Nigeria Published by Staff Writer on 1 March 2011 SABMiller, the world’s second largest brewer by volume, announced today that it will invest over US$100 million in building a new greenfield brewery in Onitsha, in South Eastern Nigeria.
Uganda: Losing presidential contender says he has not ruled out war Published by Staff Writer on 28 February 2011 Kizza Besigye, who lost out to Ugandan President Yoweri Museveni at the country’s 18 February polls, said he is not ruling out the possibility of going to the bush to dislodge President Museveni from power.
South Africa launches state-owned mining company Published by Staff Writer on 27 February 2011 South African President Jacob Zuma has launched a state-owned mining company, called the African Exploration Mining and Finance Corporation (AEMFC).
West African stock exchange to relocate to Mali Published by Staff Writer on 25 February 2011 Bloomberg reports that West Africa’s regional stock market, the Bourse Regionale des Valeurs Mobilieres, will relocate “temporarily” to Bamako, Mali after its offices in Abidjan, Ivory Coast were seized.
Africa to boost Emirates’ cargo business Published by Staff Writer on 23 February 2011 Emirates Airline expects the contribution of African routes to its cargo business to rise this year as vibrant economies on the continent import infrastructure gear and consumer goods.
