Air Zimbabwe, the country's state-owned carrier, said Friday it had suspended flights with immediate effect because most of its pilots were sick. In a statement, the carrier said all flights Friday and Saturday had been cancelled, and that the situation would be reviewed later.
Fitch Ratings has today affirmed the African Development Bank's (AfDB) ratings at Long-term Issuer Default (IDR) 'AAA' with a Stable Outlook and Short-term IDR 'F1+'. The ratings are primarily based on the support from the bank's member countries, its high level of capitalisation
Swedish-based world's leading supplier in telecommunications, Ericsson, said it had benefitted immensely from Africa's vibrant mobile phone industry, with its sales soaring up to 400 million euros this year alone. Ericsson Managing Director Thomas Sonesson
African airlines flying into Europe will benefit from a new pact signed between the International Air Transport Association (AITA) and Europe's leading air traffic control organisations to cut down on flight takeoff delays. The new plan is aimed at reducing
Telecommunication giants, France Telecom, which owns maj ority stakes in Telkom Kenya, a virtual fixed line telephony monopoly, has signe d the start of a major pricing war in the country's fast expanding telecommunicat i on industry.
Ghana's parliament on Thursday ratified an agreement under which 70 per cent of state-owned Ghana Telecom (GT) would be sold to mobile phone giant Vodafone for US$900 million. The four hours of heated debate saw parliament sharply divided
The Secretary-General of the African Airlines Association (AFRAA), Mr. Christian Folly-Kossi, has hailed the Nigerian government for the progress made in ensuring aviation safety in the country.Folly-Kossi said in an interview
The Central Bank of Kenya (CBK) has expressed optimism that the country's underlying inflation, which stands at 7.6%, will slide downwards as the year progresses, due to easing oil prices. The bank has also retained its baseline lending rate to domestic banks
The East African Community (EAC) is planning to set up a borderless trading system, which allows the clearing of all imports and exports at a single point, to stren gthen the implementation of its Customs Union, officials said here.
Trading experienced a downturn at the close of the past week on the floor of the Nigerian Stock Exchange (NSE), with a turnover of 4.05 billion shares valued at 43.75 billion naira in 73,782 deals, compared with 3.4 billion shares worth 40.83 billion naira exchanged in 71,899 deals by investors in the preceding week.
The World Bank has donated US$17.2 million or 7.2 billion F CFA to Togo for the financing of its Community Development Project (CDP), official sources told PANA here Thursday. The CPD, World Bank officials explain, pursues the same
Gambia's Permanent Secretary for Finance and Economic Af fairs, Mot Secka, has disclosed that despite the welcoming signals from the African Development Bank (AfDB), the performance rate in the implementation
