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Archive | African Business News

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COMESA defends Kenya for hosting Sudan’s President El-Bashir

by Joseph Kimani on Sep 2, 2010

The 14th Common Market for Eastern and Southern Africa (COMESA) Summit of Heads of State and Government have stated that said the criticism leveled against Kenya for hosting Sudan’s President Omar El Bashir during the promulgation of the country’s new constitution in last Friday’s ceremony is unwarranted.
In a communiqué issued at Lozitha Palace in Swaziland [...]

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US grants Kenya $10 million for parliamentary strengthening programme

by Joseph Kimani on Sep 1, 2010

The United States government on Wednesday announced it will grant Kenya $10 million in support for the Parliamentary Strengthening Program over the next five years.
The US Government has been supporting governance reforms in Kenya for the past ten years through various programs including a Parliamentary Strengthening Program.
The US has also provided technical support as well [...]

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Zimbabwe Stock Exchange closed

by Alois Xaba on Sep 1, 2010

Stock brokers in Zimbabwe where left stranded Tuesday after Harare City council closed a building housing the Zimbabwe Stick Exchange due to failure to settle water bills.
Council officials are demanding outstanding $7000 from several tenants accommodated at the building. Investors where not certain if there would be any trade Wednesday. However, ZSE [...]

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Striking state workers

by Wilhelm Lutjeharms on Aug 31, 2010

The striking South African state workers might finally end their three week strike after a vote that will be held on Tuesday.
The government as already increased its offer from 7% to 7,5%. The unions is demanding a 8,6% increase. It was the pressure from President Jacob Zuma that all was ordered to continue with the [...]

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S.A Thinks You Can Dance.

by Ian Thanduxolo Jindela on Aug 31, 2010

The search is on for the next So You Think You Can Dance nation’s favorite dancer. Dance lovers and fans of the reality TV show So You Think You Can Dance is back with a stomping sweet sixteen acts. The South Africa’s version of So You Think You Can Dance is sure to be mind [...]

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Kenyan president arrives for COMESA summit.

by CAROL MUTHONDU on Aug 31, 2010

President Mwai Kibaki is in Ezulwini, Swaziland to attend the 14th COMESA summit of Heads of State and Government.
The plane carrying President Kibaki and his entourage touched down at Matsapha International airport shortly before 4.00 p.m. local time on Monday and he was warmly received by senior Swazi Government officials led by Prime Minister Barnabas [...]

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Zimbabwe economy gets US$70 million injection

by Alois Xaba on Aug 31, 2010

The Africa Export Import Bank (Afreximbank) and the Zimbabwe government have jointly unveiled a US$70 million loan facility to revive the country’s economy mailnly through its agriculture and manufacturing industries.
According to the agreement, Afrexim bank will inject US$50 million, while the Zimbabwean government will add US$20 million to the fund.
But the money would be channeled [...]

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Kenyan leader attends COMESA Summit

by Joseph Kimani on Aug 30, 2010

Kenyan President Mwai Kibaki Monday left the country for a three-day official visit to Swaziland where he will attend the 14th Common Market for Eastern and Southern Africa (COMESA) Summit of the Heads of State and government, said a statement issued in Nairobi.
The COMESA region is Kenya’s largest export destination.
COMESA institutions based in Nairobi include [...]

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Nigeria: Oil spill, 6,000 fishermen rendered jobless — Community

by Hussaini Umar on Aug 28, 2010

The oil spill reported in the Bonny area of Rivers State has rendered more than 6,000 fishermen jobless, according to the Bonny Environment Consultant Committee.
The News Agency of Nigeria (NAN) recalls that the spill from a vandalised pipeline belonging to Shell Petroleum Development Company (SPDC) was reported by fishermen through the committee on August 2, [...]

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Naturalised American challenges extradition from Nigeria

by Hussaini Umar on Aug 28, 2010

Mr James Tillery, an American who has naturalised in Nigeria, on Thursday challenged the legality of his aborted extradition by America’s Federal Bureau of Investigations (FBI) from Nigeria on August 13.
He told the Federal High Court, Lagos that the process was flawed as the FBI did not follow due process.
Tillery, who spoke through his counsel, [...]

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