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EnerMech Weighs Up African Expansion Acquisition
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| EnerMech Ltd has stepped up its presence in the African oil and gas sector with the £3 million (43 million Rand) acquisition of heavy load testing company Water Weights International SA (Pty) Ltd.
The mechanical engineering group will usRead More... |
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Strong agriculture pulls up Kenya GDP growth to 4.7pc
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Agriculture powered the growth of the economy in the third quarter to record 4.7 per cent compared to 4 per cent in the same period last year.
The sector, that recorded a low of 2 per cent in the first quarter, dramatically improved in thRead More... |
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Rwanda Investments Hit U.S.$1.1 Billion in 2012
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| EFFORTS by the government to ease doing business in Rwanda paid off this year with statistics from Rwanda Development Board (RDB) indicating a record US$ 1.1 billion worth of investment as of December 19.
This, according to RDB, is the firstRead More... |
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Kenya's GDP grows 4.7pc in Q3
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| Kenya’s economy expanded by 4.7 percent in the third quarter of 2012 compared 4.0 percent growth recorded in the same quarter of 2011.
The expansion was more robust in comparison to the preceding quarters of 2012 primarily due to strong perforRead More... |
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South Sudan open for business
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| Addressing businesspeople on opportunities in Africa’s newest country at a breakfast meeting last Thursday, Zimtrade Consultant Malvin Rusike said there were numerous opportunities in tourism, infrastructure development and fishing.
&lRead More... |
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Chainsaw skills and DIY guru to feature at major exhibition
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| It has been announced at a special launch event that Africa’s leading timber trade exhibition is to be held for the second year running in Johannesburg.
Would be exhibitors are already booking space for WoodEX for Africa 2013, which wiRead More... |
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Call to Nigerians to invest in Cameroon
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| Dangote Group’s investment in a new cement plant in Cameroon was held up as an example for why Nigerian businessmen should look to invest in the country.
Cameroonian Minister of Trade Maglorie Antangna urged Nigerians to look more closRead More... |
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China spares 8,000 Zambian products high import duty
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| China has extended duty free treatment to about 8,000 Zambian exports, local media reported Thursday.
The moves means exporters in Africa's largest copper producer will now enjoy duty free exports of up to 95 per cent of tariff line from theRead More... |
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Powertel Launches in Masvingo
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| MASVINGO badly needs advanced Information Communication Technology system in order for the province to develop, an official said. In an interview on the sidelines of Power- Tel's official launch at a
local hotel in Masvingo on Friday night, Read More... |
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Zimbabwe in $400m power plant deal with China's Sinohydro
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| Zimbabwe's state power utility on Thursday signed a $400 million deal with China's Sinohydro to expand its Kariba hydroelectric plant by 300 megawatts in a bid to ease the country's electricity shortage.
The southern African country's ageingRead More... |
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Exxon wins rights to explore off South Africa coastline
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| US oil and gas company Exxon Mobil Corp has announced it is to begin exploration activities on the east coast of South Africa.
The world’s largest publicly traded oil and gas company, through its affiliate ExxonMobil Exploration and PrRead More... |
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Exim Bank extends $76.5-million line of credit to Malawi
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| Export-Import (Exim) Bank of India has extended a $76.50-million line of credit (LOC) to the Government of Malawi at the behest of the Union Government.
The LOC has been extended for development of an irrigation network under the greenbelt iRead More... |
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UK to inject k3.3bn into malawi's farm input programme
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| Britain’s Department for International Development (DFID) says it will release £6.35 million (K3.3 billion) worth of support towards seed component of the Farm Input Subsidy Programme (Fisp).
The donation will help Malawi to provRead More... |
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Ghana to conduct agriculture census in 2013 after three decades
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| The Ghana Statistical Service (GSS) in collaboration with the Ministry of Food and Agriculture (MOFA) will organize an agricultural census next year 2013.
The project that would be funded by the United Nations Food and Agriculture Organization (FAO)Read More... |
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Afreximbank Finance Three Firms in Africa
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| The funding is part of the Bank's programme to support value-additive activities to move Africa away from remaining an exporter of raw produce.
In separate ceremonies at the Afreximbank Headquarters in Cairo, the Bank signed a 10 million-EurRead More... |
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