China to build hydroelectric dam in DRC Published by Staff Writer on 7 February 2011 China’s Sinohydro, the company behind the Three Gorges Dam, will build a hydroelectric dam in the Democratic Republic of Congo in a deal said to be worth $367 million.
Africa’s private sector confident about the future Published by Staff Writer on 6 February 2011 January results of the first pan-African Business Confidence Index indicate confidence and growth with an index of 63.88 and 61.33 for the manufacturing and non-manufacturing sectors respectively.
Virgin Active targets South Africa’s township market Published by Staff Writer on 6 February 2011 Virgin Active is targeting South Africa’s township market with a new gym in Soweto set to open at the end of July.
Rwanda: Foreign companies show interest to invest in Kigali City Park Published by Staff Writer on 4 February 2011 Five companies, three foreign and two local, have indicated an interest to invest in the mega Kigali City Park.
Nestlé to invest $70 million in South Africa Published by Staff Writer on 3 February 2011 Nestlé announced yesterday that it will invest R505 million (US$70 million) in South Africa.
Nigeria: Deals imminent for four rescued banks Published by Staff Writer on 2 February 2011 Four of the nine Nigerian banks rescued in a bailout in 2009 are expected to sign agreements with new investors over recapitalisation this month, the country’s central bank said on Wednesday.
Uganda losing out in battle for southern Sudan market Published by Staff Writer on 2 February 2011 Ugandan businesses are ill-prepard to compete with other countries looking for a slice of the southen Sudanese market, said Uganda’s Consular General in Southern Sudan, Busho Ndinyenka.
Unrest seen in Egypt might spread to Algeria Published by Staff Writer on 2 February 2011 The unrest in Egypt might spread to other countries with high unemployment rates, such as Algeria, Standard & Poor’s said today.
Southern Sudan referendum: Almost 99% vote in favour of secession Published by Staff Writer on 31 January 2011 The first preliminary results from southern Sudan’s referendum showed that 98.83% of voters voted in favour of secession from the north.
New sugar refinery to be built in Lagos Published by Staff Writer on 31 January 2011 Golden Sugar Company Ltd, a subsidiary of Flour Mills of Nigeria Plc, has secured US$143.3 million in financing to build a state-of-the-art sugar refinery complex in Lagos.
Heineken suspends production in Egypt Published by Staff Writer on 31 January 2011 Heineken NV, the world’s third-largest brewer by volume, said on Monday it had halted production in Egypt as protesters intensified their campaign to force President Hosni Mubarak to stand down.
Oil in northern Nigeria? Published by Staff Writer on 27 January 2011 Daily Trust newspaper reports Nigeria’s Federal Government is set to approve the execution of a comprehensive hydrocarbon mapping of the country to activate the efficient search for oil and gas across the inland sedimentary basins.
Zanzibar to position itself as business centre Published by Staff Writer on 27 January 2011 Zanzibar is looking to transform the islands into a stable business centre in the East African region.
Kenya: No minimum price for mobile calls, says government Published by Staff Writer on 26 January 2011 Despite a significant price war between Kenya’s mobile operators, the government said it will not impose a minimum price for mobile calls.
