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Guebuza inaugurates Banco Terra
Mozambican President Armando Guebuza Wednesday formally inaugurated the country's newest commercial bank, Banco Terra (Land Bank), the first Mozambican bank that will focus specifically on agriculture and the countryside. |
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Nigeria's anti-graft body granted US$ 40 million
Nigeria's anti-graft body, the Economic and Financial Crimes Commission (EFCC), has been granted US$ 40 million from international donor agencies towards its operations this year, chairman of the commission, Mrs. Farida Waziri, said here Tuesday. |
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Namibian bank warns authorities of risk of high capital outflows
A local financial institution has warned that Namibia risks huge capital outflows to neighbouring South Africa should it continues to keep interests rate down against rising inflation. |
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Nigerian bourse ends week trading lower
Trading at the close of transactions this week on the floor of the Nigerian Stock Exchange (NSE) recorded a turnover of 3.82 billion shares valued at 32.94 billion naira in 56,511 deals. |
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Kenya's Safaricom acquires majority stake in local internet firm
Kenyan mobile phone firm, Safaricom, has sealed a deal for a 51 per cent stake in a local information technology firm, OneComm, to help in the expansion of its high-speed internet services and new products range, company executives said here. |
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Namibia central bank says benchmark rate to stay unchanged
Namibia's central bank said it will not raise its benchmark rate, currently at 10.5 per cent, saying that previous rate hikes had led to a slowdown in domestic market consumption. |
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Mauritius teledensity stood at 28.6 per 100 in 2007
The Central Statistics Office (CSO) indicated Wednesday that Mauritius teledensity, which is defined as the number of fixed telephone lines per 100 inhabitants, which was 28.4 in 2006, went up to 28.6 in 2007, while Mobile density bidensity or the number of mobile cellular phones per 100 in habitants increased by 19.3 per cent, reaching 73.4 in 2007 from 61.5 in 2006. |
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Nigeria sugar firm set to open factory in Algeria
One of the listed companies on the Nigerian Stock Exchange (NSE), Dangote Sugar Refinery Plc, said on Tuesday that it would open a factory in Algeria next year in line with its expansion strategy. |
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Oil stocks lead gainers', losers' table at Nigerian bourse
Major Petroleum marketing companies at the end of trading Tuesday on the floor of the Nigerian Stock Exchange (NSE) led the gainers' table with Mobil Nig Plc and Chevron Nig Plc leading the pack, just as Total Nig Plc and Oando Plc led the losers' table. |
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African airlines to set up joint fueling facilities
African airlines Friday signed a memorandum of understanding to set up a joint fuel tendering facility which would enhance the supply of jet fuel to several airports at more affordable costs to reduce the cost of operating airlines. |
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Double taxation for Ugandan tea exporters in Kenya
Uganda tea exporters pay double tax in Kenya, an act showing that the desired economic integration among East African Community (EAC) member states is failing hold, the landlocked country's tea association (UTEA) said. |
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Italy gives Ghana 22 million Euros for SMEs
Italy on Wednesday gave Ghana 22 million Euros to support the growth of small and medium scale enterprises (SMEs), The agreement for the credit line follows the successful implementation of a first phase of the project. The funds made available under the Ghana Private Sector Development Facility consist of a soft loan of 20 million Euros and a grant element of two million Euros. The loan will be repaid in 56 years with no interest. |
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Increase in fuel prices trigger high food prices in Zambia
Zambians have been warned to brace themselves for an increase in the cost of protein foods and grains following the rise in fuel prices and shortage of cereals in the market. |
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Kenya to unlock electronic trade window, set up govt blog
Kenyan authorities are planning to set up the first official blog to facilitate the flow of information from the government to the public, Kenya's Information Permanent Secretary Bitange Ndemo said here on Thursday. |
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Group goes to court to halt Ghana Telecom sale
A group of Ghanaians is taking legal action against the government to halt the intended sale of state-owned Ghana Telecom to telecoms giant Vodafone international. |
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Market capitalisation upbeat at Nigerian bourse
Market capitalisation went up at the end of transactions Tuesday on the floor of the Nigerian Stock Exchange (NSE) with 10.4 trillion na i ra in contrast with the previous day when 10.2 trillion naira was recorded. |
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Kenyan firm wants Internet access to surpass cell phone growth
Safaricom just started its 3rd generation netword service |
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