investments

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Ethiopia: Indian Business Delegation On Visit Here
As part of the commemorative events to mark the 60th anniversary of the establishment of diplomatic relations between India and Ethiopia, the Minister of State for Commerce and Power of India, Jairam Ramesh, lead a composite delegation of officials, public and private sector to Ethiopia from 5-7 October, 2008.
Source : AllAfrica | 06-Oct-2008 17:09

Tanzania: Esami Takes Driver's Seat in Guiding Investors
The Eastern and Southern African Management Institute(ESAMI) and Netherlands-based Maastricht School of Management (MSM) have established a research network through the "Round Table Africa Project" which will come up with proposals that will lead to European investors setting up industries in Africa.
Source : AllAfrica | 06-Oct-2008 16:43

Africa: Investors' Club - Uganda Seeking Nigerian Advice On Oil Wealth
Uganda's emerging oil industry is in the spotlight yet again, as it emerges that the government has been quietly seeking Nigerian input to guide its development.
Source : AllAfrica | 06-Oct-2008 13:13

Rwanda: Kigali NSSF Shares Investment Now Valued At Over $54 Million
While the region's national social security funds are currently hit by financial and management scandals, Rwanda's counterpart of the NSSFs has recorded a significant expansion in its investment portfolio.
Source : AllAfrica | 06-Oct-2008 13:13

Nigeria: Institutional Divestment, Cause of Crunch in Capital Market
The Governor of the Central Bank of Nigeria , Professor Chukwuma Soludo has said that the dwindling fortune of Nigeria'a Capital Market was as a result of divestment by institutional investors.
Source : AllAfrica | 06-Oct-2008 13:02

Botswana: FSG Raises P36 Million From Investors
Funeral services provider, FSG, will list on the Botswana Stock Exchange on Monday following the successful completion of its Initial Public Offer (IPO) as well as the private placement of its shares which both raised P36 million.
Source : AllAfrica | 06-Oct-2008 12:28

Rwanda: Korea Telecom Pledges to Support Country's ICT
The Executive Vice President of Korea Telecom (KT) Kim Hansuk yesterday pledged his company's support for the development of Information and Communication Technology (ICT) in Rwanda.
Source : AllAfrica | 06-Oct-2008 11:35

Tanzania: Something Amiss, Mr Minister
It now nearly a month since Petra Diamonds Limited (Petra) - a mining company with operations in South Africa, Angola, Botswana, and Sierra Leone - announced that it had acquired a 75 per cent stake in Williamson Diamonds Limited (WDL) at Mwadui.
Source : AllAfrica | 03-Oct-2008 11:40

Tanzania: Govt Rejects Mwadui Acquisition
An investment row is simmering between the Government and South Africa's mining giant, De Beers, over the ownership of Williamson Diamond mine in Mwadui, Shinyanga Region.
Source : AllAfrica | 03-Oct-2008 11:40

Nigeria: Sokoto to Partner With Chinese Investors
The Sokoto State government is to collaborate with Chinese investors to set up a cement firm in Tambuwal local government area in the state. The state governor, Alhaji Aliyu Wamakko, disclosed this in Sokoto when the executives of the state chamber of commence, mines, industries and agriculture paid him a visit.
Source : AllAfrica | 03-Oct-2008 09:40

Kalonzo Urges Caution in ECK Overhaul
The country risked a constitutional crisis should calls for the disbandment of the Electoral Commission of Kenya persist, Vice-President Kalonzo Musyoka cautioned on Thursday.
Source : AllAfrica | 03-Oct-2008 09:31

Investments in Tourism Up to One Billion Shillings
Investments in tourism increased last year to Sh1.6 billion. The money was spend on expanding and improving available facilities countrywide.
Source : AllAfrica | 03-Oct-2008 08:25

South Africa: Holding on to Our Sasol Shares
THE news on Wednesday of the huge fine imposed on Sasol by the European Commission more than soured Jean's and my day. It is an unpleasant feeling to know that some managers in the group were involved in a cartel.
Source : AllAfrica | 03-Oct-2008 08:14

Rwanda: German Minister Vows to Woo European Investors
The visiting German Minister for Environmental Affairs and Renewable Energy, Sigmar Gabriel, has vowed to attract European businessmen to come and invest in the Rwandan energy sector.
Source : AllAfrica | 03-Oct-2008 07:58

Zimbabwe: FDI Rises to U.S.$69 Million
DESPITE the worsening economic conditions in Zimbabwe, a report by the United Nations Conference on Trade and Development (UNCTAD) has highlighted a marked improvement in foreign direct investment (FDI) in the country from US$40 million in 2006 to US$69 million last year.
Source : AllAfrica | 02-Oct-2008 15:50

Nigeria: Yar'Adua to Declare North Summit Open
President Umaru Musa Yar'Adua will declare open the Northern Nigeria Economic and Investment Summit (NEIS 2008) on Monday, October 6, 2008.
Source : AllAfrica | 02-Oct-2008 10:55

Investors Can Expect Altech to Venture Ahead
THERE is plenty going on, as usual, in technology and telecom group Altech. In the coming months investors can expect "fairly significant deals" to strengthen the black empowerment shareholding in its operating entities, says CEO Craig Venter.
Source : AllAfrica | 01-Oct-2008 12:20

South Africa: Excellerate Defies Crunch
INVESTMENT holdings group Excellerate yesterday said its business defied tough trading conditions spawned by punitive lending rates and waning consumer demand to post impressive returns in the 12 months to June.
Source : AllAfrica | 01-Oct-2008 12:20

Nigeria: North Summit - Ibrahim Gambari, Shaukat Aziz to Address Participants
Former United Nations Secretary General's Special Envoy, Ambassador Ibrahim Gambari and the former Pakistani Prime Minister, Shaukat Aziz, are among the important dignitaries billed to attend next month's Northern Economic and Investment Summit (NEIS 2008), in Abuja.
Source : AllAfrica | 01-Oct-2008 11:45

Uganda: Give Investors Land, Otafiire Tells Acholi
The Local Government Minister, Maj Gen Kahinda Otafiire, has warned the Acholi against denying non-Acholi land for investment.
Source : AllAfrica | 01-Oct-2008 11:20

Make the Egypt Land Deal Open
The proposed wheat and corn growing project by Egyptian investors in Uganda has raised eyebrows over contested claims by a minister in Cairo that as many as two million acres have already been allocated to the project.
Source : AllAfrica | 01-Oct-2008 11:19

Rwanda: Belgian Businessmen Explore Investment Opportunities
Investors from Belgium and their Rwandan counterparts yesterday held a meeting to explore investment opportunities. In a the meeting that took place at Hotel des Mille Collines, Maurice Vermeesche who is Chairman of the East African Chapter at the Belgian Chamber of Commerce urged businessmen to take advantage of Rwanda's joining the East African Community (EAC) by investing more.
Source : AllAfrica | 01-Oct-2008 10:15

Liberia: Country And Australia to Establish Ties
Liberia and Australia have agreed to establish diplomatic relations at the ambassadorial level. The decision was reached last week when Liberian President Ellen Johnson Sirleaf and Australian Prime Minister, Keivin Rudd, held discussions at the Liberian Mission in New York, the United States. Modalities for the implementation of the agreement are to be worked out through foreign ministry authorities of the two countries.
Source : AllAfrica | 01-Oct-2008 10:08

Nigeria: We Reject Quick-Fix Methods - Yar'Adua
President Umaru Musa Yar'Adua has stated that his administration would not employ short cuts in addressing the problems bedeviling the country, even as he declares that the nation's external reserves has hit $63 billion.
Source : AllAfrica | 01-Oct-2008 09:50

Nigeria: Citizens in Diaspora Seek U.S. Investment in Country
As Muslim faithful in Nigeria join their counterparts in other parts of the world to celebrate the end of fasting period (Ramadan), Nigerians in Diaspora have called for unity among all religious faithful in the country for the good of everyone.
Source : AllAfrica | 30-Sep-2008 11:20

Africa: Nations Pledge N713 Billion to Climate Investment Funds
Leading indus-trialised nations have pledged more than N713 billion (about 6.1 billion dollars) to the Climate Investment Funds (CIF), according to a statement issued yesterday by the World Bank.
Source : AllAfrica | 30-Sep-2008 11:06

Uganda: Birmingham Investors Eye Housing Market
British investors from the Birmingham Chamber of Commerce and Industry have expressed interest in housing, water and education sectors of Uganda and Kenya.
Source : AllAfrica | 30-Sep-2008 10:17

Cameroon: Country's Lack of Transparency Discourages Investors - Japanese Businessmen
Hideki Uyama, the head of a 13-man Japanese business delegation that visited Cameroon recently, has disclosed that lack of transparency by the Cameroon administration discourages foreign investors.
Source : AllAfrica | 30-Sep-2008 10:16

Tanzania: Dar Seeks Investors to Expand Nyerere Airport
The Tanzanian government is to engage a private partner to expand Mwalimu Julius Nyerere International Airport.
Source : AllAfrica | 30-Sep-2008 09:56

Nigeria: Brokers, Investors Endorse Crusader's Convertible Debenture, Rights Offer
Stock brokers and investors have endorsed Crusader (Nigeria) Plc's convertible debenture and rights issue currently on offer projecting oversubscription.
Source : AllAfrica | 30-Sep-2008 09:23

Uganda: Top UK Tissue-Maker to Invest
Britain's largest independent tissue products manufacturer, The LPC Group plc, plans to invest in Uganda soon.
Source : AllAfrica | 29-Sep-2008 15:08

Nigeria: Ecobank, IFC Boost SME Funding With N8.35 Billion
Ecobank Transnational Incorporated (ETI) and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, have announced a financing package worth about $213 million (N8.347 billion) aimed at strengthening Africa's banking sector and increasing lending to Small and Medium Enterprises (SMEs) that have difficulty accessing credit.
Source : AllAfrica | 29-Sep-2008 14:43

Ethiopia: U.S. Companies Eye Investment in Agriculture, Manufacturing Sector Here
A team of American investors, including a leading stockbroker and several hedge fund managers from Wall Street, USA, divulged on Thursday interests to invest in agriculture and manufacturing sector in Ethiopia.
Source : AllAfrica | 29-Sep-2008 13:37

Zimbabwe: UN Report Says Country's Investment Rising
DESPITE a marked deterioration in the country's business environment, foreign direct investment (FDI) levels into Zimbabwe continue to rise, a report published by the United Nations Conference on Trade and Development (UNCTAD) shows.
Source : AllAfrica | 29-Sep-2008 12:26

Nigeria: 'Why We're Investing in Benue Cement'
Chief Executive Officer, Dangote Cement, Tony Hadley, has said the company is investing heavily in Benue Cement Company (BCC), in order to dramatically increase production levels and tackle a number of operational issues.
Source : AllAfrica | 29-Sep-2008 10:52

Mozambique: Guebuza Invites South Africans to Invest
Mozambican President Armando Guebuza has encouraged South African investors to exploit further the business environment that Mozambique offers, thus contributing to making the Mozambican market an attractive destination for foreign investment.
Source : AllAfrica | 29-Sep-2008 10:40

Nigeria: Fresh Loan - World Bank Won't Compel Country
The World Bank has said that it was not willing to compel Nigeria to obtain fresh external loan, as the country can currently boast of enormous foreign reserves and excess crude proceeds.
Source : AllAfrica | 29-Sep-2008 10:36

Nigeria: Country Hosts IPAD West Africa
A forum for government and business to meet and explore opportunities for developing and investing in the infrastructure of Nigeria and greater part of West Africa, tagged, IPAD, 2008, would hold from 25 to 27th November , 2008 , in Abuja.
Source : AllAfrica | 29-Sep-2008 10:17

Eritrea: President Holds Talks With Italian Investors
President Isaias Afwerki today received and held talks with a 10-member group of Italian investors from the Naples region that arrived here to explore investment prospects in Eritrea.
Source : AllAfrica | 29-Sep-2008 09:32

Investments Will Spur Development
President Paul Kagame Wednesday called upon multinational companies to invest in Africa and other developing countries to help them achieve prosperity. He was speaking at the launch of the Business Call to Action, a function held on the sidelines of the UN General Assembly.
Source : AllAfrica | 28-Sep-2008 09:19

Nigeria: Power - Lagos to Invests N34 Billion in Wind Energy
To address the constant power failure in the state, Lagos state government is set to launch a project which will see the state employing wind energy as its alternative source of power supply.
Source : AllAfrica | 28-Sep-2008 09:02

Uganda: Government Wants Park Zones Scrapped
The Government wants to remove the exclusive zones owned by Mweya and Paraa Safari lodges. The move would allow more investors in the tourism industry.
Source : AllAfrica | 26-Sep-2008 10:58

Concentrate On Local Investment
The UN Conference on Trade and Development has released its annual world investment report that shows Foreign Direct Investment (FDI) to Uganda is up to $368m from $308m in 2006. These figures exclude inflows in the last quarter of the respective years.
Source : AllAfrica | 26-Sep-2008 10:42

Africa: FDI - Africa Inflows Hit N6 Trillion in 2007
The inflows of Foreign Direct Investment (FDI) to Africa continent increased to about N6 trillion ($53 billion) in 2007, the world investment report said.
Source : AllAfrica | 26-Sep-2008 10:39

Nigeria: IST Introduces Investors' Protection Fund
The Investment and Securities Tribunal (IST) has introduced a protection safety net called the Investors Protection Fund (IPF) to protect investors' interest in the capital market. IST's Chairman, Dr. Nnena Orji, said this when she received members of the Ibadan Zone of the Shareholders' Association in her office yesterday.
Source : AllAfrica | 26-Sep-2008 10:11

Rwanda: President Kagame Woos Multinational Companies
President Paul Kagame Wednesday called upon multinational corporations to invest in Africa and other developing countries to facilitate them achieve prosperity. He said this during the launch of the Business Call to Action, a function that took place on the sidelines of the ongoing United Nations General Assembly that started Monday.
Source : AllAfrica | 26-Sep-2008 07:32