Posts By africamoney
December 19, 2012– The African, Caribbean and Pacific Group of States (http://www.acp.int) wrapped up a successful 2-day summit for Heads of States and Government on 13-14 December
IMF Executive Board completes Fourth Review under the Union of the Comoros’ ECF Arrangement, and approves US$2.3 million disbursementDecember 19, 2012 | africamoney
December 19, 2012– The Executive Board of the International Monetary Fund (IMF) completed yesterday its fourth review of the Union of the Comoros’ economic performance under the program supported by the Extended Credit Facility (ECF).
December 19, 2012:IFC, a member of the World Bank Group, announced support from the Bill & Melinda Gates Foundation to catalyze the market for improved sanitation and accelerate access to more affordable sanitation solutions for low-income households in East Africa.
December 19, 2012 – African Review reports that Lifan Industry Group, a Chinese automaker, is set to invest $3.5 million in a vehicle assembly plant in Ethiopia in 2013. According to the GM of Lifan, Liu Jiang, the motive behind the investment is the expansion of business in Africa.
December, 18 2012: A shopping complex worth $80 million is set to be constructed in Burundi’s capital Bujumbura reports African Review. The mall will be of 260 000 square metres and will host hotels, retail space and leisure facilities. Construction works are expected to start in early 2013.
18 December 2012 – Rusting hulks of capsized boats decorate the waters around Berbera, a port city in the self-declared republic of Somaliland. Further down Somalia’s coast, pirates raid freighters in the Gulf of Aden.
Dr James Mwangi, the CEO of Equity Bank, was on Tuesday night feted at a dinner party in celebration of his winning the 2012 Forbes Africa Person of the Year award at a ceremony held earlier this month in Lagos, Nigeria.
The Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to $300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa.
December 14, 2012– Over the past decade, the Ethiopian economy has been growing at twice the rate of the Africa region, averaging, 10.6 percent GDP growth per year between 2004 and 2011 compared to 5.2 percent in Sub-Saharan Africa, according to a new report by the World Bank.
December 14, 2012, -In a drive to get Africa one step closer to zero new HIV infections, zero AIDS-related deaths and zero discrimination, global agri business Olam, along with NGO partners such as GIZ, EngenderHealth and Action Health Incorporated, has mobilised its supply chain network this month to get vital education and healthcare support to nearly a quarter of a million rural Africans in support of the UN’s World AIDS Day ‘Getting to Zero’ (1st December 2012).
Culligan® announces distribution agreement with CFAO Group to develop water treatment market in AfricaDecember 14, 2012 | africamoney
December 14, 2012- Culligan®, a leading global innovator of advanced water treatment solutions for more than 75 years, has signed an exclusive distribution agreement with CFAO to develop opportunities in the water treatment market in Africa.
Dec. 12, 2012 /PRNewswire/ — DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, is further boosting Asia-Africa trade lane growth by expanding its multi-modal product combining ocean freight and air freight services to eight new destinations in Africa.
South Africa has the ambition to become the call centre capital of the world. Companies like Amazon and Aiegis are among the big brands have now call centres operating from South Africa. Coracall, a British company has recently opened a call centre in South Africa, preferring it over Indian and the Phillipines.
12th December 2012: Inculcating financial literacy in youths through the Lagos Monopoly game will give them a head start in the quest for a fulfilled future and facilitate the emergence astute managers of Nigeria’s economy in future, Mrs. Folake Ani-Mumuney, Head, Marketing and Corporate Communications, First Bank of Nigeria Limited has said.
Photo: Gabriel Negatu
Addis Ababa — The African Development Bank (AfDB) has approved a loan agreement amounting US$115 million to finance the construction of a cross-border electricity highway running between Ethiopia and Kenya.
Prof Benno Ndulu
Dar es Salaam — Tanzania is expected to embark on utilizing the ubiquitous mobile money agents as conduits for opening and operating basic banking services and avoiding expenses over single dependence on branch network expansion.
Picture: Ralph Mupita
THIRTY-three prominent business figures from several leading South African companies on Sunday boldly called for unity among businesses to arrest a decline in confidence in South Africa’s future, warning the country could “unravel” if challenges in education, corruption and unemployment were left unresolved.
JOHANNESBURG – Toys ‘R’ Us and Reggies new owners saw the opportunity of moving from the distribution of toys and baby products to selling them to the rest of Africa when its founders decided to sell Redgwoods, the owner of these companies five months ago.
Photo: Assistant U.S. Trade Representative for Africa Florizelle B. Liser
December, 2012: All Africa reports that farmers in the south of Senegal, particularly from the Kolda region, are expecting a good harvest of grain this year. The farmers are hoping to sell their harverst, expected to be in thousands of tones, to local and regional markets.
Ethiopian Airlines is pleased to announce that it has been awarded the International Diamond Prize for Excellence in Quality by the European Society for Quality Research (ESQR) on December 2, 2012 in Brussels.
December ,2012: As Africa urbanizes at a faster rate than any other region in the world, a more integrated approach to urban water management is needed to solve complex water challenges in Africa’s teeming,
December, 2012: Agreements for the Triumph Power Generation Company, a new independent power producer, were signed this week between the Government of Kenya, Kenya Power, JP Morgan Bank, and the World Bank for a $45 million Partial Risk Guarantee (PRG).