An Africa Business Community
The jobs of some 600 employees at GE Transportation's facilities in Pennsylvania and its suppliers around the country are being supported by the company's sale of locomotives to South Africa's Transnet, Limited. The Export-Import Bank of the United States (Ex-Im Bank) has approved a loan guarantee in excess of $100 million as part of the sale.
The Bank has also approved a preliminary commitment for over $200 million for purchases of additional locomotives by Transnet.…Continue
Added by Linda Larbie on February 25, 2011 at 12:45pm — No Comments
Africa is poised to become a major player in the global oil markets due to the discovery of new reserves and as it ramps up production to meet growing global demand, especially from China.
This is according to a special report released by Standard Bank at the International Petroleum Week conference in London. The report was researched and written by Standard Bank commodities experts James Zhang, Walter de Wet, Marc Ground, Jeremy Stevens and Simon…Continue
Added by Linda Larbie on February 24, 2011 at 4:09pm — No Comments
Leading integrated communications firm Safaricom signed a partnership deal with KCB Group aimed at easing access to business development loans by M-PESA agents.
Under the agreement, M-PESA agents will readily acquire bank overdrafts and loans from KCB for the purposes of business expansion and float availability at favourable rates.
The financial facility dubbed, M-PESA AGENT MKOPO na KCB, will be available through various products that have been tailored to suit…
Added by Linda Larbie on February 11, 2011 at 5:49pm — No Comments