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Developing country growth resilient despite soaring food, energy prices

Inspite of the financial turmoil in high income c ountries and high food and energy prices, growth in developing countries is easi n g but still robust, according to a new report released by the World Bank Tuesday .

Developing countries’ growth resilient despite soaring food, energy prices

In the wake of financial turmoil in high income countries and amidst high food and energy prices, developing countries' growth is easing but is still robust, according to a new report released by the World Bank Tuesday.

Zimbabwe resumes ethanol production

A sugar producer in Zimbabwe said Monday it had resumed production of ethanol to blend with petrol to help cut soaring fuel costs.

US firm scouts for minerals in southern Africa

US firm Bancroft Uranium Inc is scouting in the southern African region, particularly Namibia, South Africa and Zimbabwe, for uranium, gold, platinum, manganese and coal.

Kenyan bank to expand operations to Burundi, Uganda

Shareholders of the Kenya's Diamond Trust Bank (DTB), a subsidiary of the Agha Khan Fund for Economic Development (AKFED), Wednesday approved the bank's plan to expand to Burundi

Zambian sugar company suspends exports to DRC, Great lakes

Zambia Sugar Plc has suspended sugar exports to Democratic Republic of Congo and the Great Lakes region in order to satisfy the local market, which has been experiencing a crippling shortage

Indian firm invests US$200 billion on sugar in Zambia

An Indian company, Shree Renuka, is to invest a total pa ckage of about US$200 on a turn-key sugarcane plantation and factory to be sited

Ghana hit by aviation fuel shortage

Ghana has been hit by shortage of aviation fuel, with officials blaming the situation on technical problems that have prevented delivery.

British rating firm bolsters African insurer’s credit worthiness

Africa's prospective investors will be guaranteed compensations for any losses they incur as a result of political instability in the continent, following a favourable

Comoros to finance private sector from salary deductions

In a national address made Sunday to mark the second an niversary of his coming to power, Ahmed Abdallah Mohamed Sambi, President of the

New law for the jewellery sector in Mauritius

The jewellery sector and business will now be regulated under a new law, enacted this week.

Zambia, Malawi commission joint power project

Zambia and Malawi Tuesday commissioned a hydro-power int er-connector in Zambia's rural Chama district, East of the country, an occasion w itnessed by Zambian
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