Archive for December, 2009

Zambia is set to sign a new 1.4 million tonnes oil supply contract this month after the expiry of an existing arrangement with Kuwait's Independent Petroleum Group (IPG), energy minister Kenneth Konga said.

Konga said Zambia, Africa's top copper producer, would announce a new preferred bidder to supply its crude oil during the same month…

The Johannesburg Philharmonic Orchestra has kicked off 2010 on a high note with a R36-million cash injection from South Africa’s national lottery.

South Africa’s latest crop of high school graduates will need to obtain further skills in order to find viable employment, says economist Mike Schussler.

Former Nigerian President Olusegun Obasanjo, is to invest in Hotel and tourism sector of Ethiopia and has since secured a 2,000 square meter of land near Bishoftu (Debre Zeit) town of Oromia Region called Ada.

The former Nigerian President has taken the land two months a go and he is now about to implement his investment on the land located 50 Kilometers…

The Western Cape government says it will pay the transport costs of farmers in the province who want to donate feed to the drought-stricken southern Cape.

African leaders are considering a massive continental project in the form of an investment bank worth $4 billion next February, when they meet for the next Heads of States summit, according to René N'Guettia Kouassi, director of economic affairs for the African Union Commission.

The new bank said to be hosted by Libya, is expected to commence…

Morocco has ordered aircrafts worth $2.4 billion from US defence manufacturer, Lockheed Martin. A total of 24 F-16 fighter aircraft and safety equipment will be delivered by Lockheed to Morocco.

Other firms that manufacture or supply parts and equipment or can train technicians will share in the contract, AFP reports. Lockheed is reported to be having…

Consumers appear to be spending beyond their means over the festive season, and will feel the pain in January, debt counsellor Debtbusters said on Tuesday.

Following the emergence of big local companies in Ethiopia, online marketing is becoming popular and widely used by promoters of the new companies under-formation and existing firms.

Banks, real estates, manufacturing companies are now choosing local online media websites to promote their business to reach potential investors for their idea of establishing…

Nigerian's Multi-Trex Investment Company has been asked by Zambian authorities to help establish a cocoa plantation in that country.

The company’s managing director; Yusuf Isiaka said the arrangement is at an advanced stage to establish the plantation in Zambia.

“We have designed a solid business integration strategy which takes…