Kenyan Diaspora sends home Sh12.9bn in May
Kenyans working abroad sent home Sh12.9 billion in May, a 7.6 per cent increase from the Sh11.9 billion remitted in May 2014. Yet, the government […]
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South-Africa: miner plans major jobs cuts as investors press for savings
Global miner Anglo American is planning to cut between 5% and 20% percent of its payroll at all of its head offices as investors are […]
Nigeria: Transcorp plans to increase power generation capacity by 2018
Transnational Corporation of Nigeria (Transcorp) is planning to expand its power generation capacity to 2,500MW by 2018 with an investment of $1.57bn. Transcorp, which also […]
Foreign investment: Rwanda targets $1.2 Bln in 2015
Rwanda aims to increase foreign direct investment in 2015 to $1.2 billion, a fourfold jump from two years ago, helped by a new investment Code […]
WB provides Angola $650 million to stabilize its economy
The World Bank agreed to give Angola $650 million in financial support to help stabilize an economy that’s reeling from a plunge in oil prices. […]
Libya-Côte d’Ivoire: GreenN telecoms company and Ivorian government reach agreement
Libya Africa Investment Portfolio (LAP), owner of GreenN telecoms, announced on Thursday that the Ivorian government would not nationalize the ailing GreenN Cote d’Ivoire telecoms […]
Egypt: Around 100people killed amongst them nine from the Muslim Brotherhood
Nine leaders of the Muslim Brotherhood have been killed in an apartment in Cairo where they were meeting to plan terrorist plots, according to the […]
UN: “There is no way that Zimbabwe could introduce the local currency”
The United Nations says Zimbabwe is unlikely to have its own currency in the next five years, after it dumped its inflationary ravaged dollar in […]
Moroccan Carrier increases its flights to Nouakchott to six a week
The Moroccan carrier, Royal Air Maroc or RAM, will increase its Casablanca-Nouakchott flights to six a week as of next July 11 and projects to […]
Mali: Tax collectors give gov’t 72-hour strike notice
The union of tax collectors of Mali has given the General Tax Directorate 72-hour strike notice after attempts to reach a first collective agreement failed. […]