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Zambian Firm Caught Up in Mawere Saga
ZAMBIAN firm, TAP Building Products Limited (TAP) paid up US$700 000 to service providers for the period it was erroneously put under the administration of AMG Global chief Arafas Gwaradzimba, it emerged last week.
Source : AllAfrica | 06-Oct-2008 16:22

Kenya: eA Portland Cement in Ksh One Billion Energy Drive
The East African Portland Cement Company (EAPCC) has embarked on energy savings initiatives.
Source : AllAfrica | 06-Oct-2008 16:07

Rwanda: $5 Million for Hotel Des Mille Collines Works
Hôtel des Mille Collines, a renowned hotel in the Hotel Rwanda Movie has earmarked $5million for renovation of the hotel facilities and outlook.
Source : AllAfrica | 06-Oct-2008 16:07

Liberia: Trojan Horse Or Empathy
When the ancient Greeks could not defeat the people of Troy in war, they abandoned their siege and offered a giant wooden horse as a symbol of peace. But the horse was actually a hollow-out cart in which was hidden the best of Greek warriors.
Source : AllAfrica | 06-Oct-2008 15:48

Liberia: In the Dark - Delta Awaits Official Explanation
The government of Liberia, last month, disqualified the "declared winner" of the preliminary round of the Western Cluster Iron Ore bid, South Africa's Delta Mining Consolidated (DMC).
Source : AllAfrica | 06-Oct-2008 15:48

Zimbabwe: AMG Faces US$700 000 Lawsuit
AMG Global Chartered Accountants got a whooping US$700 000 in service fees from TAP Products limited, a Zambia company which had been placed under the control of an administrator under the Reconstruction and State Indebtedness Act.
Source : AllAfrica | 06-Oct-2008 15:30

Nigeria: Afribank Re-Organises for Better Value, Growth
Two years ago, under the present management, Afribank Nigeria Plc embarked on a wholesale transformation programme to retake her pride of place in the financial services industry. The bank initiated and commenced the implementation of a five-year strategic plan crafted to fully maximise its potentials, grow holistically and to offer superior returns to investors.
Source : AllAfrica | 06-Oct-2008 15:29

Nigeria: Tropicana Composite Entertainment Center
Readers have been unhappy that many editions of the column were published without photographs to help them decide where to go. Today we have decided to publish some of the photographs dropped in previous editions. We are glad that many Nigerians now realise that our hotels, resorts and restaurants DO compare very favourably with the lovely places we travel abroad to dine and vacation in . All we need is to maintain our own facilities and expand the options and develop the industry. Enjoy.
Source : AllAfrica | 06-Oct-2008 14:52

Nigeria: BT Telconsult Partners MTN for Fast-Growing Enterprise Solution
BT telconsult has reached a new consulting agreement with MTN Nigeria Communications Limited to design and deliver enterprise services and solutions across Nigeria.
Source : AllAfrica | 06-Oct-2008 14:08

Nigeria: GINL to Sue Ajaokuta Management Committee Over Alleged N23 Billion Debt
Indian owned Global Infrastructure Nigeria Limited (GINL) has threatened to sue the Chairman of the Interim Management Committee of Ajaokuta Steel Company Ltd, Engineer Philip Umunnakwe, over allegation it owes Nigerian banks N23 billion.
Source : AllAfrica | 06-Oct-2008 13:33

PTA Bank to Shun Venture Capital And SME Financing
The PTA Bank will keep away from venture capital as well as financing of small and medium enterprises, officials said at the bank's 24th board of governors annual general meeting, hosted by Kampala.
Source : AllAfrica | 06-Oct-2008 13:13

Africa: GTV Gets $35 Million Boost As It Targets 1 Million Viewers
Pan African satellite TV operator GTV has received a capitalisation of $35 million, bringing the total capital invested into the company to almost $200 million.
Source : AllAfrica | 06-Oct-2008 13:13

Kenya: KCB Launches Teachers' Loans Scheme
A bank has launched a teachers loans scheme in south Nyanza to enable them advance their education.
Source : AllAfrica | 06-Oct-2008 13:02

Kenya: Govt to Put $14.2 Million Into Troubled PanPaper
Orient Paper & Industries of India, joint venture partners with the Kenya government in East Africa's largest paper manufacturer -- Pan African Paper Mills Ltd (Panpaper) -- are about to commit the government to a massive bailout plan involving the effective injection of the equivalent of Ksh1 billion ($14.2 million) in fresh capital into the troubled company.
Source : AllAfrica | 06-Oct-2008 12:47

Kenya: Think Locally, Act Globally
Dr Manu Chandaria has been lionised as East Africa's most respected chief executive officer of a company.
Source : AllAfrica | 06-Oct-2008 12:47

Botswana: Why Air Botswana, Comair Talks Collapsed
Sticking points on restructuring has led to the collapse of contract negotiations for the management of state-owned Air Botswana, government sources have revealed.
Source : AllAfrica | 06-Oct-2008 12:28

Namibia: NAC, Napwu Reach Agreement
The Namibia Airports Company (NAC) and the Namibia Public Workers Union (Napwu) reached an agreement on Thursday evening, in an eleventh-hour attempt to avert a potentially damaging strike by workers at Namibia's airports.
Source : AllAfrica | 06-Oct-2008 12:01

Kenya: Equity Seeks Staff for Regional Foray
Equity Bank has started recruiting key staff to spearhead its expansion to Southern Sudan, a month after it announced that it had secured the necessary approvals to start operating.
Source : AllAfrica | 06-Oct-2008 11:23

Zimbabwe: Zimre Engages Govt Over Zupco Stake
ZIMRE Holdings Limited has engaged Government in an effort to clear the air on the shareholding at the Zimbabwe United Passenger Company.
Source : AllAfrica | 06-Oct-2008 11:15

Uganda: MTN Zone Pushes Usage 70 Percent
MTN usage has increased by 70% over the past two months, Erik van Veen, the chief commercial officer, has said. Van Veen said the rise was due to the MTN Zone tariff system launched over two months back.
Source : AllAfrica | 06-Oct-2008 09:45

Uganda: New Garbage Firm Starts Operations
A new garbage collection and recycling company has opened shop in Kampala. The Great Waste and Recycling Foundation Ltd, will concentrate in the city centre, the managing director, Ali Kigongo, said.
Source : AllAfrica | 06-Oct-2008 09:45

Uganda: Makerere Internet Cut Off Over 200 Million Debt
UGANDA telecom has disconnected Internet services at Makerere University for the third time in a period of less than two years.
Source : AllAfrica | 06-Oct-2008 09:45

Uganda: New Forests Gets $8.5 Million Tree Funding
UK-BASED New Forests Company has secured a $8.5m (sh14.1b) equity investment from HSBCPrincipal Investments.The funds will enable New Forests fulfill its objective of becoming the largest tree planter in East Africa.
Source : AllAfrica | 06-Oct-2008 08:36

Sameg is Best Foreign Exhibitor at Rwanda Fair
A UGANDAN firm, Sameg Chemical Products, has won this year's Foreign Exhibitors Award at the Rwanda International Trade Fair.
Source : AllAfrica | 06-Oct-2008 08:36

Namibia: New Era Turns Profit
New Era Publications Corporation recorded a profit of N$824 109 for the financial year ended March 2007.
Source : AllAfrica | 03-Oct-2008 14:58

Namibia: Bank Windhoek Rewards Outstanding Performers
On September 24, Bank Windhoek took its staff to the Heroes Acre to bestow them with honours for their contribution to the growth and performance of the bank during the financial year ended June 30, 2008.
Source : AllAfrica | 03-Oct-2008 14:58

Namibia: Miller Launches New Pasta Brand
Namib Mills shifted Namibia's manufacturing sector a mile further with the launch of its new pasta brand, Pasta La Vita.
Source : AllAfrica | 03-Oct-2008 14:50

Namibia: New Era Still Troubled By Financial Woes
A newspaper  owned by Government still owes the Receiver of Revenue N$990 000 because it did not pay taxes deducted from its employees for several years, although they were deducted from their salaries, a Parliamentary committee heard yesterday.
Source : AllAfrica | 03-Oct-2008 12:32

South Africa: SACP Vs Sasol
SASOL's European Commission fine was of course an opportunity for the South African Communist Party (SACP) to once again call for the renationalisation of the group, but it did at least raise some interesting points about the prices of Sasol's key products, the accuracy of which we do not vouch for.
Source : AllAfrica | 03-Oct-2008 11:58

South Africa: PetroSA Granted Licence for Coega Refinery
THE minerals and energy department has granted state-owned oil and gas group PetroSA a manufacturing licence for the 400000- barrels-per-day crude oil refinery at Coega, near Port Elizabeth.
Source : AllAfrica | 03-Oct-2008 11:58

South Africa: Lonmin, Xstrata Saga Still Far From Over
NO ONE believes the Lonmin story is over yet. If it was an attractive takeover proposition for Xstrata at £33, with other buyers rumoured to be musing over a higher offer, it must look even more attractive at £17,50 after Xstrata's withdrawal. There are a lot of possibilities on what could happen next.
Source : AllAfrica | 03-Oct-2008 11:58

Uganda: Telecom to Sensitise Financial Institutions
Uganda Telecom will today hold an exposition for financial institutions in Uganda, in a bid to sensitize them on telecommunication services that can enhance and increase their profitability.
Source : AllAfrica | 03-Oct-2008 11:13

Uganda: Centenary Bank to Renovate Branches
Centenary Bank is to embark on renovate all its branches countrywide, a top bank official, has said.
Source : AllAfrica | 03-Oct-2008 10:58

Ghana: UT Financial Services Launches Share Offer in Kumasi
UT FINANCIAL Services Limited (UFSL), Ghana's most dynamic financial institution, has given the general public the opportunity to be rich, by way of investment through shares, with the launching of its initial public offer of 90,293,000 ordinary shares at 30Gp per share, to raise GH¢27,087,900 to expand its operations.
Source : AllAfrica | 03-Oct-2008 10:45

Nigeria: Briscoeford Unveils Ford Mondeo As It Commissions New Showroom
BriscoeFord at the commissioning of its modern showroom and after sales support centre in Lekki, Lagos unveiled a wide array of vehicles from the Ford stable including the 2008 Ford Mondeo.
Source : AllAfrica | 03-Oct-2008 10:43

Liberia: Lawmakers Don't Deserve Mittal's Cars
An official of the Ellen Johnson Sirleaf-led government has discredited the donation of 100 vehicles to members of the National Legislature by ArcelorMittal, a giant steel company.
Source : AllAfrica | 03-Oct-2008 10:31

Uganda: UTL to Train Financial Institutions
Uganda Telecom (utl) will today conduct an information communication technology (ICT) exhibition targeting financial institutions.
Source : AllAfrica | 03-Oct-2008 10:27

Nigeria: UBA Begins 'U Can' Product Campaign
United Bank for Africa (UBA) Plc, Africa 's global bank, is set to unveil a new marketing and advertising campaign for its array of products and services. The bank said the campaign which is personal, functional and comprehensive, would be deployed in the local media and is designed to drive the bank's unique bouquets of financial solutions for every lifestyle or business need.
Source : AllAfrica | 03-Oct-2008 10:16

Uganda: MTN Zone Promotion Made Permanent As Call Tariffs Drop
MTN Uganda has made MTN Zone, the telecom giant's novel tariff discount offering that has been running on a promotional basis since July this year, a permanent option in their range of call tariff lines.
Source : AllAfrica | 03-Oct-2008 10:11

Nigeria: Court Upholds Indictment of Former Cadbury Directors
The Federal High Court yesterday in Lagos upheld the indictment of three former directors of the Cadbury Nigeria Plc by the Securities and Exchange Commission (SEC).
Source : AllAfrica | 03-Oct-2008 09:50

Nation Honours Small Firms
An initiative aimed at celebrating enterprise among small and medium businesses has been launched.
Source : AllAfrica | 03-Oct-2008 09:31

South Africa: Decision Expected on Angloplat's BEE Credits
THE minerals and energy department expects to make a decision as soon as possible on the empowerment credits due to Anglo Platinum on yesterday's announcement of a deal involving Impala Platinum, Northam Platinum and Mvela Resources.
Source : AllAfrica | 03-Oct-2008 08:38

Ethiopia: Ethiopian Airlines Starts Cargo Services From Asia
Ethiopian Airlines has started freight services from Hong Kong to Africa, the airlines' Uganda manager, E. Regassa, has said.
Source : AllAfrica | 03-Oct-2008 08:36

Kenya: Postapay's One Million Shillings for Grand Slam
The Postal Corporation of Kenya on Thursday announced a Sh1 million sponsorship for the PostaPay rugby Grand Slam to be played at the Rugby Football Union of East Africa ground on Saturday.
Source : AllAfrica | 03-Oct-2008 08:25

Kenya: Libyans Unveil New Hotel Name
Libyan owners of the Grand Regency Hotel have changed its name even as the Cockar Commission investigating the sale is yet to complete its work.
Source : AllAfrica | 03-Oct-2008 08:25

Kenya: Old Mutual And Posta Deal Targets Mass Market
In a bid to reach the mass market financial services firm, Old Mutual, has partnered with the Postal Corporation of Kenya to use its money transfer service.
Source : AllAfrica | 03-Oct-2008 08:25