Business
West African farmers enter international organic food market
Wednesday, 10 March 2010
Nearly 5 000 West African farmers are now able to take advantage of the growing popularity of organic foods in industrialized countries thanks to a $2.4 million German-backed FAO programme that has helped them meet necessary certification and other requirements.
Egypt says it will propel African science agenda
Tuesday, 09 March 2010
Egypt has vowed to "maintain momentum" in building African science and technology capacity when it takes over as chair of the African Ministerial Council on Science and Technology (AMCOST) this month.
"Africa is back" from global crisis, says IMF
Monday, 08 March 2010
Africa is recovering from the global economic crisis and could see growth of 4.5 per cent in 2010, International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn said Monday.
Gabon unveils measures against corruption, for industry
Friday, 05 March 2010
Gabonese President Ali Bongo announced on Thursday a series of "emergency measures" to fight corruption, help industry and defend the environment.
IMF chief to visit Kenya, SA, Zambia
Friday, 05 March 2010
IMF Managing Director Dominique Strauss-Kahn is to visit Africa to gauge how the continent's economies were coping with the financial crisis, officials said Thursday.
IMF to upgrade Africa growth view - Africa director
Thursday, 04 March 2010
The IMF may upgrade its assessment of Africa's economic growth prospects because some countries fared better than expected in a global recession that many feared would undo decades of poverty-fighting progress.
Angola state oil company: profits of $2.4 billion
Thursday, 04 March 2010
Angola's state oil company, Sonangol, is reporting a net profit of $2.4 billion from operations last year. The company's chair of the board of directors, Manuel Vicente, made the announcement at a press conference in Luanda.
China in talks to help build economic zone in Egypt
Wednesday, 03 March 2010
A Chinese state-backed entity is in talks to help build an investment zone in Egypt, a report said Wednesday, as the Asian giant seeks greater access to markets in Europe, Africa and the Middle East.
Sao Tome invites offers for oil exploration
Wednesday, 03 March 2010
Authorities in tiny Sao Tome and Principe on Tuesday opened the tender process for exploiting oil reserves in the archipelago's waters.
Malawi, Zambia set for big US infrastructure aid
Tuesday, 02 March 2010
Malawi and Zambia are set to win hundreds of millions of dollars in U.S. infrastructure grants in the next two years due to steady improvements in the way they are run, U.S. aid officials said on Tuesday.
Mauritius economy seen growing by 4.2 pct in 2010
Tuesday, 02 March 2010
Mauritius' economy may grow by a median of 4.2 percent this year before hitting 5 percent next year, led by the tourism sector, a Reuters poll showed on Tuesday.
Guinea public servant wages hiked 50%
Tuesday, 02 March 2010
Guinea's government on Monday announced a 50 percent rise in public servant salaries to soften the blow of a 30 percent increase in fuel prices.
Net puts Kenya at centre of Chile rescue efforts
Tuesday, 02 March 2010
Kenya is nearly 8,000 miles from Chile and therefore not an obvious place from which to try to coordinate the earthquake relief efforts. And yet, within an hour of the massive quake, volunteers at a crisis group called Ushahidi sprang into action.
Network will bolster African fisheries research
Monday, 01 March 2010
A new African network is aiming to increase the number of aquaculture and fisheries scientists on the continent and boost its dwindling fish stocks.
Paris Club agrees to billion-dollar debt relief for DRC
Friday, 26 February 2010
The Paris Club of creditor nations has agreed to restructure the external debt of the Democratic Republic of Congo. It said Thursday almost half of the nearly $7 billion debt owed by the DRC will be written off or rescheduled.
Kenya: Country kicks out Sri Lanka as world leading tea exporter
Wednesday, 24 February 2010
Kenya has overtaken Sri Lanka to become the number one tea exporter in the world. Latest figures provided by the Tea Board of Kenya shows the country exported 342 million kilograms to 47 world markets, accounting for 22% of the world tea exports.
Africa's GDP growth could reach 7 pct in 2011
Monday, 22 February 2010
Africa's real gross domestic product growth could reach about 7 percent in 2011 from a forecast of about 5.5 percent growth for 2010, the president of the African Development Bank (AfDB) said on Sunday.
Morocco: WB doubles loans to $2.4bln
Thursday, 18 February 2010
The World Bank will double loans destined for Morocco to $2.4 billion through 2013, in a bid to assist the country's efforts in reducing mass poverty and spurring growth, Reuters said on Tuesday.
Angolan government approves $250 mln for agro-credit
Thursday, 18 February 2010
Angola has approved $250 million agro-credit for small and medium scale farmers to strengthen credit among local businessmen.
Liberia on track for HIPC debt relief this year-IMF
Wednesday, 17 February 2010
Liberia is on track to clear much of its remaining $1.7 billion in foreign debt under the Heavily Indebted Poor Countries initiative by the end of this year, an IMF official said on Tuesday.
Zimbabwe’s tobacco sales marked by higher production
Wednesday, 17 February 2010
Zimbabwe's annual tobacco selling season began on an upbeat note Tuesday when a bumper crop went under the hammer, attributed by industry officials to good prices and more farmers.
Egypt prepares for its next economic leap forward
Tuesday, 16 February 2010
Egypt is looking forward to its post-crisis challenge of growing at 7 per cent a year with recent encouraging figures from several sectors of the economy, Prime Minister Ahmed Nazif said Monday.
New maize varieties to boost output
Tuesday, 16 February 2010
Improved maize varieties, developed by the International Institute of Tropical Agriculture, will help enhance food security and incomes of maize farmers in the West and Central Africa.
West African farmers enter international organic food market
Egypt says it will propel African science agenda
"Africa is back" from global crisis, says IMF
Senegal working with France on Nuclear plant
UK gives 67mln pounds for African infrastructure