Zimbambwe: China to build $1.1bn thermal power plant
Zimbambwe signed on Thursday a $1.1 billion agreement with the China State Construction Engineering Corporation (CSCEC) to build a 600-megawatt thermal power plant by 2019 […]
Africa
US-Nigeria: US ready to help Abuja track down stolen money, improve military capability
US diplomacy pundits and experts of the US-Nigeria relation had it that the US is keen to offer help to the newly elected Nigerian President […]
Orange to buy four African businesses from Airtel
Orange SA is in talks to buy four of Bharti Airtel Ltd.’s African businesses. The French telecoms group said on Monday it had entered an […]
Mediterranean: 2,700 migrants rescued in 13 boats on Wednesday
Around 2,700 migrants were rescued from 13 boats near the coast of Libya on Wednesday, Italy’s coastguard said. A German navy vessel and a search […]
Coffee giant Starbucks to open stores in Sub Saharan Africa in 2016
After it struck a deal with Taste Holdings on Tuesday, the coffee giant Starbucks says it will open stores in sub-Saharan Africa for the first […]
UN needs $3.2 billion for Ebola recovery efforts in Guinea, Liberia and Sierra Leone
The United Nations said on Thursday that its Secretary-General Ban Ki-moon will call for continued solidarity with the three West African countries most impacted by […]
Orange to connect Benin and Canary Islands with submarine cable
Orange (formerly France Telecom), together with the other members of the ACE consortium, has announced the launch of the ACE cable in Cotonou, Benin and […]
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 […]
India’s M&M looks to maintain double-digit growth in Africa
India’s largest utility and tractor producer, Mahindra and Mahindra or M&M, has set up an Africa-focused business unit as it looks to maintain double-digit growth […]
Angola’s central bank raises key interest rate
Angola’s central bank raised its benchmark Basic Interest Rate by 50 basis points to 9.75 percent, citing accelerating inflation but a slight deceleration in credit […]