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 […]
Africa
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 […]
Cameroon: Indo-Chinese consortium to build two vehicle assembly plants
India’s Azad Coach, China’s Yutong Group and GAC GONOW – a joint venture between Guangzhou Automobile Group Co Ltd and Zhejiang Gonow Holdings Group Co […]
Maersk Group to invest $1.5b in Ghana’s Tema Port expansion project
Maersk Group is committed to support the expansion of Ghana’s Tema port to the tune of $1.5 billion, says Nils Smedegaard Andersen, Chief Executive Officer […]
US-Libya: Top al-Qaeda terrorist killed in US strike Libyan government
The Libyan government on Monday announced the death of the Algerian notorious al-Qaeda leader in the Maghreb Mokhtar Belmokhtar in a US drone strike in […]
Gabon inaugurates its first metallurgical plant
Gabon has entered the industrial world with the inauguration of Moanda’s Metallurgical Complex (known as CMM), which will mark the first ever processing of manganese […]
Cotton: Burkina Faso to reach its 800,000t target according to Ecobank
The production target of 800.000 tons of cotton, set at the beginning of the campaign by the Inter-professional Cotton Association (AICB) of Burkina Faso is […]
Ethiopia to double its sugar plants by November 2015
Addis Ababa aims to become Africa’s biggest sugar producer and exporter with plans to double the number of its sugar estates to six by November […]
Laurent Fabius urges G7 nations to boost investment in renewable energy projects in Africa
The French Foreign Minister, Laurent Fabius requested the G7 nations to act against Climate Change and invest in clean energy sources in Africa. He also […]