Gambia: Trust Bank Gives D50,000 for Beijing Plus 15 Meeting

As preparation for the Beijing Plus15 Banjul meeting gets to an advanced stage, samaritans from all sectors of society are coming on board to be part of this rare historic event with donations in cash or kind.

Gambia: Country's Economy Performs Better in 2009 - IMF Mission Head

An International Monetary Fund (IMF) mission led by David Dunn is currently in The Gambia on a working visit to assess the economic performance as at end-September the sixth and final review of The Gambia's three-year programme under the Poverty Reduction and Growth Facility (PRGF).

Kenya: National Bank in 6 Percent Pre-Tax Growth

National Bank of Kenya's pre-tax profit rose six per cent in the first nine months of the year from Sh1.3 billion to Sh1.4 billion.

Zimbabwe: Limited Stock Drives Property Prices Up

Dollarisation has brought many dynamics to the property market with analysts saying it will not be as easy as it has been for many players who built huge property portfolios ton the back of rising inflation.

South Africa: Forex Relief, Strong Rand a Chance to Go Offshore

THE relaxation of foreign exchange controls announced by Finance Minister Pravin Gordhan and the stronger rand offer an opportunity for investors to diversify more of their funds offshore, say analysts.

Nigeria: Exchange Rate - CBN Targets N150 to U.S. $1

Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has said the apex bank aims to keep the naira exchange rate at "around N150" per dollar and avoid fluctuations of more than 3 per cent.

Africa: Global Fund to Help Put 50 Million More Bed Nets in African Homes

The Global Fund to Fight AIDS, Tuberculosis and Malaria announced today that it has transferred USD 336 million to Ethiopia, Kenya, Tanzania, Uganda and Nigeria to pay for the provision of more than 50 million long-lasting insecticidal nets in the next few months. Together, this will amount to a 2/3 increase of the number of bed nets in Africa through Global Fund supported programmes.

Africa: Environments for Leveraging Economic Opportunity

There is no lack of opportunity in Africa. But the road to converting those opportunities to business success is often paved with obstacles. The question becomes not what opportunities exist in Africa, but how to make them work.

Cameroon: Mezam - 98 PIB Projects Realised

Mezam Division in the North West Region has executed 98 Public Investment Budget projects out of 114 projects granted the Division.

Zimbabwe: Companies Find It Difficult to Strike the Right Footing

TALKING to many business owners today, the major impediment in their way is the lack of working capital and long term loans to re-structure their balance sheets after a decade of negative physical capital formation. That granted, they see a bright future where productive capacity utilisation levels will increase. Notwithstanding the current predictability of the broad pricing mechanism, many fail to understand why the domestic debt markets have remained tight for those seeking transformative loans. Isn't it so strange that easy bank overdraft facilities used to be largely one year during the chaotic hyper-inflationary environment fraught with fever-pitch uncertainty, yet with the current stability, many borrowing corporates would be lucky to be extended an overdraft facility beyond three months today?

Namibia: Kalahari Lists on NSX , Invests N$500 Million

Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of uranium, gold and base metal interests in Namibia has began trading on the Namibian Stock Exchange.

Namibia: NSX Faces Upswings and Downswings

The Namibia Stock Exchange shared in the strong global growth since 2003, with the overall index increasing from 259 at the end of March 2003, to peak at 1034 on 11 October 2007.

Business Plan competition for women opens

The mission of BiD Network is to contribute to sustainable economic growth by stimulating entrepreneurship in emerging markets. BiD Network supports entrepreneurs in writing their business plans by offering them coaching and other business tools. The best entrepreneurs gain access to investors in our network. Since 2005 BiD Network has helped start…

SA terminate $5.4bn Airbus deal

The South Africa government has terminated the US$5.4 billion Airbus A400M military aircraft deal, cabinet announced on Thursday. The decision which was taken two weeks ago but was only made public Thursday would have seen the southern African country acquire eight Airbus A400 military aircrafts. In terminating the contract, cabinet cited delays in…

Zambia: Fuel shortage hits again

Zambia has once again been gripped by an acute fuel shortage that has paralyzed operations in heavy industries and inconvenienced motorists. This is the second fuel shortage to hit the country within two weeks and observers are warning the situation might get "messy" if not urgently attended to. The second wave of petroleum shortages in Zambia…