Business

Sun,21Dec2014

Business

Investment: Made in Ethiopia

Almeda Textiles benefits from low overhead costs, but is limited by challenging logistics. Photo©USAID AE TRADE HUBLow costs attract investors, but there are many obstacles to the country's industrialisation.

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Ghana government backtracks on power utility privatisation

File photo©ReutersGhana has admitted that it is privatising the country's power utility as part of conditions to access foreign funding, barely six months after it dismissed reports about the move.

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South Africa's largest union on the brink of a split?

Zwelinzima Vavi, Cosatu General SecretaryA leading South African trade union has vowed to put the problems it faced in 2014 behind it next year as it eflected on a 'difficult year.'

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Uganda parliament approves single East African currency

The Ugandan parliament this week passed a motion approving the establishment of the East African Monetary Union, which will see Uganda, Kenya, Tanzania, Rwanda and Burundi adopting a single common currency.

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Tanzania's GDP expands by 32 percent after rebasing

Tanzania said its gross domestic product has expanded by 32 percent after it rebased its calculation to incorporate new sectors in the economy.

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Zimbabwe coin, change crisis ends

The Zimbabwe Reserve Bank (RBZ) on Thursday introduced $10 million worth of special bond coins into the market to ease the shortage of small denominations of the United States dollar.

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South Africa forges ahead with nuclear power stations

A "critical milestone" has been reached in South Africa's plans to build new nuclear power stations, the government has said.

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