Nairobi News
The winners of the third annual Africa investor awards organised by the magazine of the same name will be announced at a special ceremony at Nairobis Safari Park Hotel on 9 November. The pan-African i...
Maputo News
Mittal Steel South Africa, the largest steel manufacturer in Africa, has purchased two idle steel mills in Mozambique. The $11.5 million (R90 million) acquisition of Companhia Siderurgica de Mozambiqu...
Maputo News
New sugar silo for Maputo port.
A new sugar silo with a capacity of 50,000 tons has been inaugurated in the port of Maputo. The $10.5 million structure is the result of a collaboration between four regional sugar associations the S...
Addis Ababa News
Addis city budget for new tax year.
The finance ministry has approved a 5.16 billion birr budget for Addis Ababa for the new fiscal year, which began on 8 July. The allotted sum represents a 1.1 billion birr increase over the budget for...
Cape Town News
Malays and Islamic leaders to meet in Cape Town.
Thousands of Malays and Islamic leaders, businesspeople, academics and cultural activists will be in Cape Town 30 July-3 August for a meeting titled Opportunities on trade, tourism and education betwe...
Nairobi News
The cost of corruption in Kenya.
Kenyans spend on average KSh1,689 (just under 20) per year on bribes according to a survey conducted by the Kenya Anti-Corruption Commission in 2005. The cost of corruption is higher in urban than in...
Maputo News
New family of the metical introduced.
The so-called new family of the metical (metical da nova famlia) becomes legal tender as of 1 July. On that date, new coins and notes will come into circulation alongside the existing currency and sho...
Addis Ababa News
Overseas Ethiopians invest at home.
Ethiopians living overseas and foreigners of Ethiopian origin have invested a total of 7.5 billion birr in the country since 1998 according to Ethiopian Investment Agency figures. Just under one third...
Cape Town News
Heads of state and representatives of the business community and civil society are to gather in Cape Towns smart new international convention centre 31 May-2 June for the World Economic Forum on Afric...
Maputo News
The statutory minimum wage for industry and service sector employees has risen by 13 per cent to 1,443,170 meticais ($57.7) a month and for agricultural workers by 11.5 per cent to 1,023,800 meticais...
Maputo News
Preparations for currency reform.
As of 1 April, all shops and other businesses are obliged to indicate their prices in both the existing metical and in its new simplified form in readiness for the introduction of the new family of th...
Maputo News
The Mozambican energy ministry has announced a drop in the price of all petroleum products except fuel oil. Under the new regime, cooking gas now costs 22,500 meticais per kilo (-11,6 per cent); unlea...
Cape Town News
New fresh produce market for Cape Flats.
A new fresh produce market is under construction at Philippi East on the Cape Flats south east of the city centre as part of a strategy to boost economic growth in one of the most depressed areas of t...
Addis Ababa News
A new coffee processing and storage plant has been established in the industrial area of Kaliti in southern Addis Ababa, the state-owned English language daily The Ethiopian Herald has said. The facil...
