The African Development Bank (AfDB) Group's Malawi Field Office (MWFO) opened for business Tuesday following the presentation of letters of accreditation by the Resident Representative, Frank Kufakwandi, to the country's Foreign Minister, Joyce Banda, in Lilongwe, the Bank said in a release.
The Kenyan government is to sell by year end, part of its majority shares at the country's leading mobile-phone company, Safaricom, which Wednesday announced profit before tax of 17.2 billion Shillings (about US$260 million).
Ghana's development partners have pledged to scale up the level of support to the country from $1.2 billion to $1.4 billion annually over the next four years.
Namibia power utility NamPower on Wednesday dually listed on the Namibia Stock Exchange (NSX) and the Bond Exchange of South Africa (BESA) to raise US$430 million to fund its major power generating projects.
The Group of the eight most industrialised countries (G8) has hailed efforts exerted the African Development Bank (AfDB) for post-conflict and fragile countries, the continental institution said in a statement availed to PANA in Rabat.
The anticipated economic boom from an expanded East African Community (EAC) will spur the production of consumer goods and attract more investments, a German business executive said here Tuesday.
The African Development Bank (AfDB) stands ready to help Zimbabwe break its macro-economic instability, the Bank's Director for development research, Temitope Oshikoya, told journalists here Tuesday.
The strike called by Nigeria's main labour unions to protest hikes in fuel prices and value added taxes (VAT) will start as scheduled Wednesday, despite government's decision to reverse the hikes, a union official said Tuesday.
Nigeria's two main workers unions were due to meet Tuesday to consider the government's decision to meet three of their four-point demand in a bid to avert a potentially crippling strike.
Libya will begin construction of the new international airport at Tripoli next August after five specialised international companies from Brazil, Turkey, France, Germany and Japan recently signed the contract for the project, an official source affirmed Monday in Tripoli.
Talks between the Nigerian government and the country's two main workers' unions ended in a deadlock Friday, two days before the expiration of a 14-day ultimatum issued to the government to reverse hikes in fuel prices and Value Added Tax (VAT).
London and Toronto listed Namibian uranium miner, UraMin Inc. said Monday it was in talks about a possible sale of the company but declined to assure its investors whether the negotiations will be successful.
