Africa: Region Imports U.S.$33 Billion Food Annually
Posted 16 hours agoAfrica imports $33 billion worth of good annually. The continent also gets about $3 billion food aid annually to bridge the gap between domestic food supply and demand, the Secretary General, UN Economic Commission for Africa (ECA) has said.
Nigeria: China's Trade Offensive Hurts Local Industry
Posted 16 hours agoChinas' face has suddenly become so ubiquitous in Nigeria's major commercial cities with sub-standard textiles, machinery and auto-parts being the most prominent of the Chinese products being dumped in Africa's biggest market under a relationship that is heavily-tilted in favour of the Asian economic superpower.
South Africa: Stoke Competition, Says IMF Chief
Posted 18 hours agoLACK of competition was a much bigger challenge for SA's economy than the level of the rand, the MD of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said yesterday.
South Africa: State Tender Prices Row Threatens 'Buy SA' Bid
Posted 20 hours agoA tussle between the Treasury and the Department of Trade and Industry about local companies getting preferential treatment over foreign rivals in state procurement could scupper one of the pillars of the department's new industrial policy action plan, if not resolved soon.
Nigeria: The Warri Industrial Park
Posted 14 hours agoDriven by the need to speed up development in the state, the Delta State Government recently launched a business development initiative which it called the Warri Industrial Park. The master plan of the park was unveiled recently in Warri, Delta State.
Tullow names investors for Ugandan assets
Posted 1 day agoFTSE 100 oil group upgrades forecasts for Ghana project as it reports sharp fall in pre-tax profits due to lower production volumes and falling commodity prices
Minerva plays bid part from shadows
Posted 8 days agoThe Nigerian office of Minerva Group, the main financial backer of a $2.5bn bid for Nitel, the former monopoly in one of the world's hottest telecoms markets, is hard to find
South Africa
Posted 9 days agoSub-Saharan Africa's largest economy will struggle to elicit significant investment from western nations unless President Jacob Zuma demonstrates decisive leadership
MTN begins search for new chief
Posted 10 days agoThe South African telecoms company says that its chief executive Phuthuma Nhleko will step down after eight years in the position
Dominion gears up for $50m placing
Posted 11 days agoExplorer understood to be preparing to drill in Uganda in the second quarter as Tullow's success spurs interest in potential of eastern and central Africa
Petra's diamond fetches record $35m
Posted 13 days agoThe world's most expensive rough diamond is snapped up by Chow Tai Fook Jewellery of Hong Kong for a record-breaking $35.3m
Nigeria orders Statoil to set aside oil proceeds
Posted 14 days agoA Lagos court orders Norwegian energy group to set aside all revenues from its stakes in a huge oil field after a local businessman claimed the company owed him a share of profits
China Unicom unit confirms Nitel interest
Posted 17 days agoChina's second-largest telecoms operator has confirmed that its London-based subsidiary has expressed interest in supporting the privatisation of Nitel, Nigeria's former telecoms monopoly
RenCap to focus on Africa
Posted 18 days agoRenaissance Capital, the Russian investment bank, is launching an operation in Johannesburg as it looks to exploit a pan-African franchise to build one of the world's leading emerging markets banks
Nitel
Posted 20 days agoLong-delayed attempts to privatise Nigeria's former state telecoms monopoly descends into farce this week
