Africa Business Communities

Sat05252013

Last update11:07:00 AM

24/05/2013, 09:52
jp-morgan-awarded-a-license-to-operate-in-kenyaJP Morgan Chase, the biggest US bank as regards its assets, secured a license to start operations in Kenya.The central bank of the east Africa country released last week its annual supervision report.On this report, is stated that the Kenyan authorities are in the process of examining three applications made by major banking institutions to open a branch in the Kenyan capital Nairobi. JP Morgan Chase...Read More
24/05/2013, 11:07
  The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which...Read More
24/05/2013, 10:45
Zambian bargain hunters have the opportunity to make their kwacha stretch further thanks to a special Emirates promotion that brings the price of a shopping trip - return flight and accommodation - to...Read More
24/05/2013, 10:43
The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22 a USD 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities...Read More
24/05/2013, 10:40
“Educators have a sacred duty to nurture talent and inspire every child to become, from all aspects, the best human being possible!” – Dr Mamphela Ramphele, leader of Agang SA, says this will be her...Read More
24/05/2013, 10:37
The World Bank’s Board of Executive Directors approved a credit of US$50 million to help Burkina Faso fight poverty and increase social stability by giving unemployed or underemployed young people...Read More
24/05/2013, 10:01
"The South African economy requires infrastructure to develop and grow, create jobs and to fight the scourge of unemployment and inequality," Martins said in a speech to the NCOP in Cape Town on...Read More
24/05/2013, 09:56
International Oil Companies (IOCs) have expressed readiness to invest $165 billion (about N25.9 trillion) in Nigeria in the next five years.The companies said such investment will go into new oil and gas...Read More
23/05/2013, 10:34
Jobseekers experiencing failures at clinching their dream job in the ever competitive job market may now have cause to smile. That’s because a new Job Solution firm, Bemjiro (BJ) Solutions Ltd, has...Read More
23/05/2013, 10:32
One of the fastest growing mobile phone brand in Africa, TECNO has partnered with Qualcomm Incorporated, a global leader in next-generation mobile technologies and etisalat, Nigeria’s most innovative...Read More
23/05/2013, 10:31
The last audition to select aspiring singers who will compete for Globacom’s N24 million prize money for X Factor will be held in Lagos this weekend. The Lagos audition will be held on Saturday, May 25,...Read More
23/05/2013, 10:29
The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture partner, Mobil Producing Nigeria Limited (MPN) are considering going into the bond market as an alternative source of funding by...Read More
23/05/2013, 08:56
The Gabonese government has pledged its commitment to driving and assisting foreign direct investors to help diversify its oil-dependent economy in sectors such as agriculture, tourism, fishing and...Read More
23/05/2013, 08:51
Africa has to transform its agricultural sector by strong linkages for it to be food sufficient, an AU official has said.The African Union Commissioner for Rural Economy and Agriculture, Mrs Rhoda...Read More
23/05/2013, 08:45
Japanese motor manufacturer Nissan has restructured its operations in Africa into two regional business units to position the company for significant growth on the continent, as part of its mid-term...Read More
23/05/2013, 08:40
CFC Stanbic Bank posted a 78.1 per cent jump in net profit for the first quarter, making it the fastest growing bank among top tier lenders.The bank said net profit for the three months to March stood at...Read More
23/05/2013, 08:38
The World Bank on Wednesday announced $1 billion in development funding for Africa's Great Lakes region, where renewed fighting this week between the government and rebels in eastern Congo has raised...Read More
23/05/2013, 08:27
The Nigerian National Petroleum Corporation (NNPC) is set to build the largest Africa’s gas city in Ogidigben, Delta State. David Ige, the NNPC Group Executive Director, Gas and Power, made this known...Read More
22/05/2013, 13:58
On the first day of an historic joint United Nations/World Bank Group mission to the Great Lakes region, the World Bank Group announced $1 billion in proposed new funding to help countries in the region...Read More
22/05/2013, 13:56
The Federal Government has disbursed the sum of Five Billion, Seven Hundred and Forty-seven Million, Six Hundred and Forty-nine Thousand, Seven Hundred and eighty Naira (N5, 747,649,780.00) to the eight...Read More
22/05/2013, 06:34
Ghana will in July this year issue a Eurobond worth up to US$1 billion to refinance debt and fund infrastructure projects in the country.Economy Times has learnt that officials of the Ministry of Finance...Read More
22/05/2013, 06:29
Ghana is likely to have its first credit ratings agency begin operations this year.The Securities and Exchange Commission (SEC) is projecting the second half of this year for the passage of regulations...Read More
22/05/2013, 06:22
Apple remains the BrandZ Top 100 Most Valuable Global Brand for 2013, worth $185 billion. Apple grew just +1% in the last year compared to a +51% growth for its closest competitor, Samsung, which is now...Read More
21/05/2013, 13:07
Triple4 has created a highly available infrastructure and stable, user-friendly wireless environment for the global provider of specialist drilling solutions for the mining industry. Founded in 1986,...Read More
21/05/2013, 13:06
As part of its effort in tackling environmental problems bedeviling Nigeria, the Dangote Group has partnered with the ministry of environment and sponsored the 9th National Council on Environment. A...Read More
20/05/2013, 11:12
Vital Voices Global Partnership and Women in Management, Business, and Public Service (WIMBIZ) today announced the hosting of the Supporting Public Advocacy for Regional Competitiveness (SPARC) Program...Read More
20/05/2013, 11:10
Main One Cable Company, West Africa’s leading wholesale communications services company and the first privately owned, open access submarine fiber optic cable to land in Nigeria and Ghana, has rebranded...Read More
20/05/2013, 06:32
Microsoft is poised to invest in the young and promising Information Communication Technology (ICT) experts who are willing to transform Ghana through the power of ICT.Mrs Mercy Omari Tenkorang, Head of...Read More
20/05/2013, 05:52
3,900 cocoa farmers benefit from first ever premiums payment Cargill supports farmers and ensures long term sustainable cocoa supply Cargill's cocoa and chocolate business has made its first premium...Read More
20/05/2013, 05:44
Entrepreneur Foundation of Ghana (EFG), in collaboration with Ghana Standard Authority, have opened nomination for the maiden edition of Ghana Made Products Awards 2013, scheduled for October 2013.The...Read More
17/05/2013, 09:38
IFC, a member of the World Bank Group, has signed an agreement with the Central Bank of Nigeria to support the implementation of standards, policies and guidelines for environmental and social best...Read More
17/05/2013, 09:36
The World Bank Vice President for the Africa Region, Mr. Makhtar Diop (left), will arrive in Brazzaville on Monday, May 20, for a two day working visit. He will meet with the Congolese President, Denis...Read More
17/05/2013, 09:35
A recent report from the World Bank indicated that the GDP of a third of African countries grew by at least 6% last year, despite the estimate that power outages cost African economies on average around...Read More
17/05/2013, 09:32
As part of concerted efforts to further transform the Nigerian Petroleum Sector, the Federal Government and the Republic of South Africa has signed a Memorandum of Understanding, MOU, in the oil and gas...Read More
16/05/2013, 08:38
The World Economic Forum’s Global Competitive Index 2012/2013 has ranked Ghana as the 4th investment destinations in sub-Saharan Africa and 3rd among the five top recipient of Foreign Direct Investment...Read More
16/05/2013, 08:32
Qantas and Emirates have welcomed the New Zealand Minister for Transport’s decision to approve their partnership.  The partnership will provide New Zealand customers with stronger links to Australia,...Read More