Category Archives: African News

African Business News

Lilongwe district council successful in LDF projects-NGO

By Chancy Namadzunda   The Lilongwe District council has been successful in the construction of 30 Local Development Fund (LDF) funded teachers houses this year, according to Malawi Human Rights Youth Network (MHRYN).     MHRYN Acting National Coordinator Weston Happy Msowoya said so far, about 95 percent of the completed work has been successful […]

Richard Came & Ministry of Communication to address MEF Seminar 19th November

12 November 2012 Midrand, Johannesburg, South Africa. Richard Came, the technology entrepreneur who has been active in the South African and international market since the 1980′s and the Ministry of Communication will address the MEF’s (Metro Ethernet Forum) Ethernet Business Services Seminar on Monday the19th November at the Axiz Workgroup Auditorium in Midrand. “Carrier Ethernet […]

Former President of the African Development Bank Babacar Ndiaye to lead Investment Day at this year’s AgriBusiness Forum.

African expert calls on everyone involved in agriculture to step up to the fore for the sake of the entire continent’s development and in the fight against poverty. 12th November 2012, Brussels, Belgium With the AgriBusiness Forum 2012 just around the corner, Babacar Ndiaye, former President of the African Development Bank and founder of the […]

Smarter infrastructure needed to handle exploding data traffic

  By Peter Karaszi   Mobile operators across the globe are being squeezed by decreasing revenues per user, and a seemingly insatiable demand by users for more data. To efficiently manage the rapidly growing increase in data traffic in their networks, mobile operators need to build and improve their infrastructure in a much smarter way […]

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta […]

Professional Indemnity Insurance in South Africa

NEW YORK, Nov., 2012 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue: Professional Indemnity Insurance in South Africa http://www.reportlinker.com/p01028856/Professional-Indemnity-Insurance-in-South-Africa.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance Professional Indemnity Insurance in South Africa is a report about the South African market for and distribution of policies covering professional liability. For 2007, 2011 and with a forecast […]

IMF to open regional training center for Sub-Saharan Africa in Mauritius

By Wallace Mawire The International Monetary Fund (IMF) plans to establish a Regional Training Center (RTC) for Sub-Saharan Africa in Mauritius, according to a spokesperson. RTCs elsewhere in the world have facilitated the training of government officials on the formulation and implementation of macroeconomic policies as well as related statistical and legal frameworks. With support […]

IBM Develops Plan to Help Moroccan Farmers Boost Skills, Production

RABAT, Morocco, Nov., 2012 /PRNewswire/ — IBM (NYSE: IBM) experts participating in the company’s pro bono Corporate Service Corps program have recommended a strategy to lift the productivity of Moroccan farmers. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO) The plan focuses on improving coordination between the country’s Ministry of Agriculture and the farming community, as well as improve internal coordination within the […]

MTN Uganda releases statement on tax evasion case

MTN- Tax Evasion Press ( .pdf Acrobat reader) Allegations of Tax Evasion (Microsoft Word) Dear All, I wish to set the record straight on various negative and inaccurate stories that have appeared in the media over the last couple of weeks: In Mid-September, MTN Uganda discovered suspicious supply chain payments made to several service providers. […]

IMN’s 10th Annual South African & African Capital Markets Conference

  IMN’s 10th Annual South African & African Cap Mkts Conference (Microsoft Word) 22-23 November 2012 The Westin Cape Town, Cape Town, South Africa   NEW YORK CITY, NY – As we enter this next decade in the event’s timeline, IMN and our event sponsors will build on our excellent reputation as the only ‘must […]