Category archives for: Business

Kenya Gets Sh50 Billion Loan From World Bank

By Margaret Wahito   Sh25.2 billion will finance the Nairobi Metropolitan Services Improvement Project, which aims to strengthen urban services and infrastructure in Nairobi and its environs. Nairobi — Kenya has signed a $600million (Sh50.4 billion) loan agreement with the World Bank to finance two major projects in the country. Sh25.2 billion will finance the […]

Africa: AGOA Eligibility Continues in 2012 for 40 African Countries

The 11th annual AGOA is underway in Washington, D.C. and VOA’s State Department correspondent Scott Stearns discusses the meetings. ( Resource: Africa: AGOA Forum Discussion Washington — Forty sub-Saharan African countries will remain eligible in 2012 for U.S. trade preferences and benefits aimed at improving lives and livelihoods on the continent. During the 2011 review […]

Nigeria: India Displaces U.S. as Nigeria’s Major Trading Partner

By James Emejo   India has overtaken the United States of America (USA) to become Nigeria’s major export trading partner, according to the First Quarter 2012 Trade Statistics released by the National Bureau of Statistics (NBS). It came as the Indian government yesterday expressed interest in higher volumes of term contracts of crude oil supplies […]

Ghana to boost cotton production with modern biotechnology

Mrs. Sherry Ayittey, Minister of Environment, Science and Technology, has expressed government’s willingness to adopt modern biotechnology in the cotton industry to boost production. She said the adoption of modern biotechnology would help farmers cut down production costs associated with the use of pesticides and weed management. Mrs. Ayittey, who made this known at the […]

Zimbabwe: China in Massive Investment Drive

By Herbert Moyo,   CHINA is set to invest massively in Zimbabwe’s decaying water, power, and transport infrastructure, following the recent visit to Beijing by Prime Minister Morgan Tsvangirai and government ministers, Gorden Moyo and Samuel Sipepa Nkomo. During the trip the premier said Zimbabwe was in dire need of assistance in “embarking on an […]

Minister Calls for Transformation, Modernization of ECOWAS Management Procedures

SPONSOR WIRE   Abidjan – Cote d’ Ivoire — Cote d’Ivoire’s Foreign Minister, Honorable Daniel Kablan Duncan opened the 68th Ordinary Session of the ECOWAS Council of Ministers in Abidjan on Monday 11th June 2012 by calling on the organization to embrace the necessary transformation and modernization of management procedures to raise its competiveness in […]

Mozambique: Private Sector Urges Govt to Speed Up Reforms

Maputo — Mozambican business community, represented by the Confederation of Business Associations (CTA), has called for the rapid introduction of reforms aimed at improving the country’s business environment. The call was made on Friday in Maputo at a meeting that brought together senior officials from the Mozambican government and the country’s business community. The meeting […]

Nigeria: Dangote – Obajana Cement Plant to be World’s Biggest By 2015

By Yunus Abdulhamid   President of the Dangote Groups, Alhaji Aliko Dangote, has unveiled plans to transform the Dangote Cement Plant in Obajana, Kogi State to the world’s largest cement factory by 2015. Speaking yesterday when President Goodluck Jonathan commissioned the new Line 3 of the plant in Obajana, Dangote said: “With the completion of […]

Nigeria: Fashola Opens 20, 000 Metric Tons Rice Factory in Lagos

By Femi Akinola   Lagos — Lagos State governor Mr. Babatunde Fashola on Tuesday commissioned 20,000 metric tons per annum rice processing factory in Imota, Ikorodu Local Government Area of the state. The governor who also commissioned Fish Farm Estate in Odogunyan and a Poultry Farm Estate, all in Ikorodu division of the state, urged […]

South Sudan: Juba Trudges Ahead Despite Oil Row

Nairobi, Kenya — South Sudan is trudging on with plans to develop its infrastructure amid unresolved oil issues with its northern neighbor; an inflation surge and recently imposed austerity measures to recoup revenue losses. For roads infrastructure alone, South Sudan would require an estimated $10 billion while funding for eight of its hydropower sites will […]

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