Nigeria’s central bank has received bids for four of the nine lenders rescued in a N620 billion bailout last year, Central Bank Governor Sanusi Lamido Sanusi told CNBC Africa television yesterday.
Sanusi said two foreign institutions were involved in the bidding process, as well as several local banks and private equity firms in partnership with foreign [...]

Two Major Chinese companies have pledged to set up their operations in Kenya as the country’s Vice-President Kalonzo Musyoka wound up his tour of China on Monday.
Musyoka visited various industrial concerns involved in agricultural equipment manufacturing, as well as agro-processing, in Shandong Province South East of China.
After an extensive tour of the Foton [...]

Ian Jindela
World jazz musicians meet in South Africa for the annual Standard Bank Joy of Jazz, kick off 26 – 28 August 2010 Newtown Precinct, Johannesburg, South Africa.

The Joy of Jazz is the gathering of jazz lovers and musicians set to invigorate the music and art of the city of Gold central jazz [...]

East African governments should incorporate private sector in the ongoing implementation of the East Africa Community (EAC) common market strategies, a top official has said.
EAC Permanent Secretary David Nalo said involving the business community would speed up implementation of key priority projects.
“There is no doubt that any viable integration process depends on a dynamic and [...]

Three African countries will benefit from a US $ 12 million loan from International Finance Corporation (IFC) that will be offered to Spencon International, a Kenyan-based engineering and Construction firm.
IFC communications official Houstan Bassiri says the loan to Spencon International is meant for infrastructure developmental and other projects in three countries.
The countries to benefit from [...]

The fragile banking sector in Zimbabwe hasbeen warned by economist of the pitfalls of landing huge scarce amounts to individuals as opposed to critical sectors such as construction, transport andcommunication.
They claim that chances of defaulting in re-payments are high.
Figures from the Reserve Bank of Zimbabwe (RBZ) show that in the six months ended [...]

Ford Motor Company of Southern Africa’s (FMCSA) assembly plant in Silverton, Pretoria was recently rewarded for its environmental and quality management standards. Following a stringent audit overseen by DQS an internationally accredited certification body, Ford received both the ISO 14001 and the ISO/TS 16949 re-certification for the next three years.
The ISO/TS 16949 certificate is issued [...]

Barclays Bank Kenya has posted an impressive half year pre-tax profit of Ksh 4.7 million up from Ksh 4.5 million in the previous year, a 5.2 per cent increment.
Despite an increase in operating costs due to staff related costs in the first quarter, Barclays also on Friday declared an impressive interim dividend of Ksh 0.75 [...]

Zimbabwe on Wednesday cashed in US$72 million from the sale of the first batch of 900 000 carats of diamonds from the controversial Marange Diamond Fields, in the eastern part of the country.
The diamonds where sold after Zimbabwe fulfilled minimum requirements under the Kimberley Process Certification Scheme.
The Kimberley Process (KP) is an international body set [...]

The Rothschild’s giraffe is the latest charismatic African mammal to be declared “Endangered” by IUCN (the International Union for the Conservation of Nature), adding to the growing number of species under threat of extinction.
According to a IUCN statement issued in Nairobi Wednesday, there are currently nine recognized giraffe sub-species and the Rothschild’s is the second [...]