BusinessSectors

Mon,20Nov2017

Sectors

How corporates benefit from Africa's new business deals

There are greater opportunies for Africa to help finance the growth of international firms/Photo©AKINTUNDE AKINLEYE/REUTERSWhen African telecom companies started to emerge in the late 1990s, many scoffed. How could it be, went the general chatter, that Africans have money to spend on telecoms? Several multi-millionaires later, after the historic sale of Mo Ibrahim's Celtel for $3.4bn and the rise of South African giant MTN, investors piled in.

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A Zimbabwean ultimatum to root out skeptical investors

Zimbabwe has given foreign investors a six months ultimatum to implement their projects approved by the investment authority or risk losing them.

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Zimbabwe and Russia sign trade deals

Trade between Russia and Zimbabwe increased from $1,5 million in 2009 to $5,5 millionThe scramble for Zimbabwe's vast but largely untapped minerals intensified this week with Russian clinching lucrative deals that analysts fear would see President Robert Mugabe's broke government mortgaging the resources.

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Ethiopian state banks record $500 m profit

Ethiopia's three state owned banks on Friday declared a record $500 million profit for the 2011/12 financial year.

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China-Africa: Beijing calculates its balance of interest

Chinese lending has attracted a lot of attention from the World Bank and International Monetary Fund (IMF)At the 19-20 July Forum on China-Africa Cooperation in Beijing, the Chinese government pledged $20bn in new loans over the next three-year period.

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Ethiopia, Egypt, Sudan set up commission to assess Arica's biggest dam project

The Renaissance Dam is being built with a $5 billion Ethiopian investmentA tripartite commission, established by Ethiopia, Egypt and Sudan will meet on 8 October 2012 in Addis Ababa to discuss the impact of Ethiopia's Renaissance Dam on the three other countries.

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