Latest Business News - Africa

Ethiopia's Expenditure On Infrastructure Highest in Africa

Ethiopia is spending $US 1.3 billion, 10 per cent of its GDP, annually on infrastructural development. This is said to be easily the highest percentage in Africa, according to an article by writers  Read More..

Posted on : 30 Nov,-0001

Tanzania Tourist Board signs MoU with Ethiopian Airlines

ARUSHA -  The Tanzania Tourist Board (TTB) and Ethiopian Airlines (ET) signed a two-year Memorandum of Understanding (MoU) last week to promote Tanzania tourism worldwide in partnership with  Read More..

Posted on : 30 Nov,-0001

Lifan plans new assembly plant in Ethiopia

  Lifan Industry Group Co, a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year as it seeks to expand in Africa, General Manager Liu  Read More..

Posted on : 30 Nov,-0001

Tanzania: Market Construction in Butimba to Cost Sh20 Million

CONSTRUCTION of a new market at Butimba ward in Nyamagana district, Mwanza region is expected to cost 20m/-. Butimba Ward Executive Officer Mr Rogasian Mrema said here that the construction is  Read More..

Posted on : 30 Nov,-0001

Tanzania: Banking Services Set to Transform Mtibwa

TO keep alive its promises, Bank of Africa opened yet another branch in Mtibwa, Morogoro region recently. The branch that becomes the 17th was opened by retired President Benjamin Mkapa within the  Read More..

Posted on : 30 Nov,-0001

Kenya: Sh1 Billion Project to Increase Water Supply in Eldoret

The World Bank is to spent more than Sh1 billion to expand water supply programmes in Eldoret and its environs. Eldoret Mayor William Rono says the Chebara Water Dam in Marakwet which supplies water  Read More..

Posted on : 30 Nov,-0001

Zimbabwe: Bidders Invited for Batoka Hydropower Plant

THE Zambezi River Authority has invited bids for the construction of a 1 600 megawatts hydro power plant at the Batoka Gorge, the authority said yesterday. ZRA, a statutory body jointly owned by  Read More..

Posted on : 30 Nov,-0001

Kenya: Uganda's Umeme Gets Approval to List On NSE

The Capital Markets Authority (CMA) has given the green light for the listing of Ugandan power distributor Umeme Limited’s shares on the Nairobi Securities Exchange, barely weeks after the firm  Read More..

Posted on : 30 Nov,-0001

Rwanda: Bk Wins Fourth Bank of Year Award, Launches Express Money

It has been indeed a successful year for Bank of Kigali, Rwanda’s largest financial institution by market share of total assets, loans, deposits after scooping the Bank of the Year 2012 Award  Read More..

Posted on : 30 Nov,-0001

South Africa: Establishment of Two New Universities Forging Ahead

Pretoria – Government has expressed confidence in the consultation process regarding the establishment of two new universities in Mpumalanga and the Northern Cape, with construction expected to  Read More..

Posted on : 30 Nov,-0001

Exhibitions In Africa

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