Economy

Maputo News

Mozambican entrepreneur of the year awards.

Economy 18 Jan, 2009

The multinational professional services company Ernst and Young will award the second edition of the prize

Nairobi News

Nakumatt Mega begins 24hour opening.

Economy 11 Dec, 2008

Nakumatt Mega on Nairobi

Lagos News

Financial crisis affects remittances to Africa.

Economy 20 Nov, 2008

Remittances to developing countries could fall by as much as six per cent in 2009 as a result of the global financial crisis according to the latest migration and development report from the World Ban...

Cape Town News

South Africa ports see increased traffic due to Somali piracy.

Economy 20 Nov, 2008

Ports in South Africa stand to benefit from the present insecurity in the Gulf of Aden and the Indian Ocean as shipping companies consider rerouting their vessels around the Cape of Good Hope to avoid...

Dar Es Salaam News

New African free trade zone.

Economy 18 Nov, 2008

Leaders of three existing regional blocs in Africa have decided to create a single free trade zone spanning 26 countries to facilitate intra-regional trade and strengthen members

Cairo News

Egypt privatisation moves ahead.

Economy 11 Nov, 2008

The government has announced plans to give shares in state-owned companies to the public free of charge in order to reassure citizens about privatisation and include them in economic reform. It is s...

Dar Es Salaam News

Credit crunch hits Dar es Salaam.

Economy 05 Nov, 2008

The current financial crisis may have its epicentre in the United States and Europe, but the ripple effect is being felt throughout the world, including Tanzania

Addis Ababa News

All African Leather Fair in Addis Ababa.

Economy 19 Oct, 2008

The second edition of the All African Leather Fair is due to take place in Addis Ababa from 20-22 January 2009. The fair, designed to promote the African leather industry, will bring together tanners,...

Maputo News

World Bank loan for Mozambican bank.

Economy 18 Sep, 2008

The International Finance Corporation (IFC), the private sector funding arm of the World Bank, has provided US$8.5 million to support a loan facility for small- and medium-sized companies operated by...

Addis Ababa News

Remittances to Ethiopia on the rise.

Economy 24 Aug, 2008

Ethiopia earned $1 billion from international remittances in July 2007-July 2008 fiscal year according to National Bank of Ethiopia figures. This compares with $633 million the previous year. Of the t...

Accra News

Ghana and Nigeria to establish chamber of commerce.

Economy 24 Aug, 2008

The governments of Ghana and Nigeria have given their backing to the creation of a joint chamber of commerce to improve trade and investment between the two countries. The chamber will be established...

Accra News

Ghana cuts spending on luxury items.

Economy 29 Jul, 2008

Ghana has decided to slash government spending on cars, computers, carpets and other

Lagos News

The cost of the Niger Delta oil crisis.

Economy 27 Jul, 2008

Nigeria will lose up to 30 per cent of its projected revenue for 2008 due to the crisis in the oil-rich Niger Delta, president Umaru Yar

Addis Ababa News

TATA International opens in Addis Ababa.

Economy 27 Jul, 2008

TATA International, part of the Indian powerhouse TATA Group, has opened an office in the Ethiopian capital. The company is looking to invest in the country

Cairo News

Inflation in Egypt on the rise.

Economy 16 Jul, 2008

Inflation in Egypt

Maputo News

International trade fair in Maputo.

Economy 13 Jul, 2008

The 44th edition of the Maputo International Trade Fair (Facim/2008) will take place from 1 to 7 September. Businesses from all over the world will come together in the Mozambican capital to present a...

Maputo News

Portugal cancels Mozambique debt.

Economy 06 Jul, 2008

Portugal has formally cancelled Mozambique

Nairobi News

Safaricom IPO applicants await refund.

Economy 23 Jun, 2008

There is frustration among participants in the recent Safaricom initial public offering (IPO) as stockbrokers continue to withhold repayment after the share issue was heavily oversubscribed. In Marc...

Nairobi News

Profit increase for Safaricom ahead of stock market launch.

Economy 28 May, 2008

Pre-tax profit at Kenya

Dar Es Salaam News

New clearance system for Dar port.

Economy 20 May, 2008

The Tanzania Revenue Authority (TRA) is to introduce a new computerised tax collection system at Dar es Salaam port to simplify and speed up clearance procedures,

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