News Africa

MUKWANO Group of Industries has won a Platinum trophy for Overall Best Performer in the 6th President's Exporters Awards 2004.

In its annual report on Tunisia, Moody's Investors Service says the country's Baa2 foreign-currency debt rating and stable outlook are supported by the Tunisian economy's stability and resilience to external shocks. "Although Tunisia'.....

THE United States Agency for International Development (USAID), has announced its intention to intervene in the Northern Uganda Cotton Programme with a $100,000(Shs185 million) boost.

Representatives of the World Economic Forum and Egypt's Ministry of Foreign Trade and Industry are meeting today in Sharm El Sheikh to sign the Memorandum of Understanding (MOU) marking the official start of preparations for the World Economic Forum on the Middle East on 20 to 22 May 2006 to be held in Sharm El Sheikh, Egypt

Two days before the end of PrepCom,  the UK delegation, speaking on behalf of the European Union, tabled a new proposal that marked a clear departure from its earlier position.

With oil prices rising worldwide, African oil-producing countries are expecting windfall earnings. Global oil companies and consuming countries are giving even greater attention to Africa's oil. The World Petroleum Congress, held last month in Africa for the first time, in Sandton, South Africa, celebrated the potential. But a new report from South Africa's groundWork questions the fundamental structure of the oil industry on the continent.

After Vivendi Universal who announced its candidature for the repurchase of the 35 % of the capital of Tunisie-Telecom, pretenders begin to crowd at the door of the public operator in fixed and mobile telephony. Alternately, Bouygues Telecom who declares that " Tunisia is a country traditionally close to France and its market of télécommunication presents real chances of development.

September 21st, 2005, the board of directors of the African Development Bank ( ADB) approved on Wednesday a 117 million euro loan intended to finance the third program of support for the competitiveness in Tunisia, aiming at helping the country to realize a rate of annual growth of 5,2 % for the period 2005-2006.

In early September, the government of Cameroon reached agreement with the IMF on the country’s medium term economic programme. This continues the reform initiative that underpins the current budget.

Nigeria and South Africa yesterday in Johannesburg, warned that rising crude oil prices posed a major threat to on-going global efforts to alleviate poverty in third world countries, particularly Africa.

The United States has reached out to Kenya and other influential African nations to save the stalled global trade negotiations ahead of the December ministerial meeting of the World Trade Organisation (WTO).