31.9 C
Monday 20 September 2021


Telecom Egypt agrees to consortium deal for cable system construction

Egypt's landline operator Telecom Egypt (TE) said in a sta tement Wednesday that they will help construct a US$ 700 million undersea cable s ystem that links Europe, the Middle East and India. The deal is part of a global consortium.

AfDB boss meets Algerian PM


The president of the African Development Bank (AfDB) G roup, Donald Kaberuka, Sunday met with Algerian Prime Minister Abdelaziz Belkhad  e m, according to a government statement received here

Oxfam says EPAs not good for poor countries

A UK-based charity has warned that the controversial Economic Partner Agreements (EPAs) will hurt the poor in the African, Caribbean and Pacific (ACP) countries.

UNCTAD told to focus on topical issues

Civil Society groups on Mond ay told the UN Conference on T rade and Development (UNCTAD) to focus on topical issues affecting the world.These include the food crisis; finance and development; climate change; migratio n; trade agreements

DR Congo requires US$14b for infrastructure

The Democratic Republic of Congo requires US$14 billion to provide necessary infrastructure in various sectors of the economy, according to Planning Minister Olivier Kamitatu. Speaking in Kinshasa Thursday, at the official launch of the programme

Rising cost of staples rankles Egyptians

The continued increase in the prices of foodstuffs in Egypt has sparked worries by concerned citizens of the North African nation.In recent months, the prices of milk, rice, sugar and a number of other essentials have been on the upward swing

Kenya, Madagascar and the Gambia to benefit from ADF loans

African Development Fund (ADF), the concessional lending arm of the African Development Bank (AfDB) Group, is to give loans and grants totaling 167.8 million Units of Account (UA), about US$263.76 million, to Kenya, Madagascar and the Gambia

AfDB President emphasizes importance of hydro-power to Africa’s development

The President of the African Development Bank Group, Donald Kaberuka, has emphasized the importance of hydro-energy to Africa's sustainable development.

Yar’Adua promises action on tax reforms

Yar'Adua assured leaders of the country's organized private sector that his administration would soon present a bill to the National Assembly for the positive reformation of tax administration

Kufuor urges US firms to transfer technology to Africa

John Agyekum Kufuor has asked US companies to increase their investments in Africa beyond agriculture, processing, manufacturing and tourism to assist in technology transfer and build the continent’s economic capacity

English-speaking ECOWAS nations discuss money laundering

Experts from seven West African countries and international organisations began a three-day meeting Monday in Accra to tighten the noose on money laundering and terrorist activities

China cancels Mozambique’s debt

Chinese President Hu Jintao on Thursday February 8th announced the cancellation of all Mozambican public debt to China incurred during 1980-2005.
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