| EAST AFRICA |
| 26, July, 2002 |
| Investment
in Ethiopia skyrockets by 242% this year |
| ADDIS ABABA, Ethiopia - The
Ethiopian Investment Authority announced yesterday that
it has given investment license for 602 investment projects
during the past nine months. This shows an increment by
242% compared with last year 2000/2001. Last year, the
Authority issued licenses to only 176 investment projects.
More
Details... |
| 22 March, 2002 |
| Ugandan
investors get IFC capital |
| International Finance Corporation (IFC),
the private sector arm of the World Bank, has given $6m
(Shs 10bn) in loans to four private companies in Uganda,
including a school, real estate developer, and transport
and telecommunications company.More
Details... |
| 04 February, 2002 |
| Foreigners
to be allowed more shares in Kenyan companies |
| Economic guidelines in Kenya may soon
be changed to enable more foreign ownership in local companies.
More
Details... |
| 24 December, 2001 |
| Tanzania
defends decision to purchase costly radar system |
| Tanzania has defended its
decision to buy a sophisticated £28m air traffic
control system at the center of a row over UK aid policy.
Aid agencies have accused the UK of wavering on its commitment
to debt relief in Africa after it granted an export licence
for the BAE Watchman system.
More Details... |
| 27 November, 2001 |
| Econet
protests over termination of Telkom Kenya bid |
| The UK company that was bidding for
a 49 per cent stake in Telkom Kenya, Econet Wireless,
has protested to the Kenyan Government over the way the
deal was terminated. More
Details... |
| 07 November, 2001 |
| Kenya
signs oil exploration deal with UK firm |
| A British firm Star Petroleum Tuesday
signed an agreement with the Kenyan government for oil
exploration on the East African coast.
More Details... |
| 22 September, 2001 |
| Terrorist
attacks in the US shake investment in Tanzania |
| Worry is gripping Tanzania's foreign
investment wooers following last week's terrorist attacks
in the United States. More
Details... |
| 30 August, 2001 |
| Investments
in Kenya suffer 17 percent drop in five years |
| Investments in Kenya have fallen by
more than 17 percent over the past five years, Planning
Minister Adhu Awiti told PANA on Wednesday. More
Details... |
| 21 August, 2001 |
| Swedish
industrialists to meet with East African counterparts
|
| At least 50 Swedish industrialists are
expected to meet soon with entrepreneurs from the East
African Community (EAC) to discuss the implementation
of joint investment and development projects in Kenya,
Uganda and Tanzania.
More Details... |
| 20 August, 2001 |
| Saudi's
company eyes at Ethiopian market |
| The Benawi Container Group
Ltd, Saudi Arabia's paper packaging company, announced
that it is prepared to establish its branch in Addis Ababa,
Ethiopia. More
Details... |
| 17 August, 2001 |
| Kenya
looks to South Africa to take off trade blockades
|
| Kenyan investors requested South Africa
to take off quotas and licensing requirements imposed
on Kenyan tea and soda imports to the country recently.
More
Details... |
| African
leaders to set up investors' insurance agency |
| Some nine African leaders have agreed
to establish an agency, African Trade Insurance Agency
(ATIA), which will indemnify business against political
hazards and entice investment opportunities to Africa.
More
Details... |
| 13 August, 2001 |
| Kenyan
co-operative to erect modern coffee curing plant |
| Kenya Planters Co-operative Union (KPCU)
announced Sunday that it would set up a modern coffee
curing plant in a bid to enhance efficiency in processing
coffee as well as to beef up its export. More
Details... |
| 28 July, 2001 |
| Foreign
investment in Sudan increases |
| Foreign investment in the
Sudanese mining sector is said to be escalating following
the discovery of new oil reserves which made the country
net exporter. More
Details... |
| SOUTHERN AFRICA |
| 01 December, 2001 |
| Life
assurance giant invests in rural project |
| Listed financial services giant Old
Mutual has invested R28-million in the Rural Economic
Development Initiative (REDI) in South Africa, which aims
to develop and expand the role of the corporate sector
in small business development and economic regeneration.
More
Details... |
| 23 October, 2001 |
| Angola
to invest million dollars in animal farming |
| Angola announced yesterday that it is
investing one million US dollars to boost animal farming
in the central and southern regions of the country. The
Agriculture Ministry said large portion of the money would
be used for the purchase of vaccines, transport and the
restoration of vaccination posts in the Huila, Cunene,
Namibe, Benguela and Kwanza Sul, in the south and central
provinces.
More Details... |
| 12 October, 2001 |
| South
Africa foster investment in security |
| After the South African government turned
down a controversial plan to block overseas investment
in the sector foreign companies have been given the green
light to continue investing in South African security
firms. More
Details... |
| 24 September, 2001 |
| Namibia
studying prospects for donkey meat exports |
| Namibia is planning to conduct a survey
to determine the size of its donkey population before
embarking on full-fledged donkey meat export venture.
More
Details... |
| 21 September, 2001 |
| Zimbabwe's
foreign investment declines drastically |
| A 2001 World Investment report indicated
the political tension in Zimbabwe has caused sever loss
on the country's economy pushing down Foreign Direct Investment
(FDI) inflows from 444 million US dollar in 1998 to 59
million US dollar in 1999. More
Details... |
| Zambia
to invest 58 million dollars in tourism |
| Zambia is to inject more than 58 million
US dollars in the tourism sector before the end of 2002,
a government document indicated. More
details... |
| 17 September, 2001 |
| Zambia
revokes lease with South African investor |
| The Ministry of Agriculture, Food and
Fisheries (MAFF) has terminated the contract of Masaiti
Farm Institute, which had been leased to a South African
investor for use as a skills training outfit for farmers.
More Details... |
| 03 September, 2001 |
| Much
said to remain in beefing the African investment |
| A senior World Bank official underscored
the need for the African continent to market its business
viability with a view of articulating the positive aspects
of its investment environment. More
Details... |
| 25 August, 2001 |
| Malawi
in quest of Mauritius investors |
| A delegation led by Patrick Makina,
the general manager of the Malawi Development Corporation
is currently visiting Port Louis in a quest of Mauritius
investors willing to invest in Malawi. More
Details... |
| 21 August, 2001 |
| US
trade delegation on tour in Namibia |
| Representatives of several
US corporations are currently visiting Namibia to assess
the country's investment potentials and tourism attractions.
More
Details... |
| 04 August, 2001 |
| Zambian
Company invests 15 million dollars in Coffee production
|
| Zambian Company, African Plantations
Corporation Ltd invested some 15 million dollars in coffee
beans production, a project promising to escalate the
harvest in the country to be more 4,500 tones a year by
2004. More
Details... |
| 3 August, 2001 |
| Zambian
coffee company hazards 15 million dollars |
| The Zambian African Plantations Corporation
Ltd has just finished investing 15 million US dollars
in the production of coffee beans in Zambia, through its
local subsidiary. More
Details... |
| 1 August, 2001 |
| Zambian
Farming Company posts high turnover |
| The Zambezi Ranching and Cropping Plc
in Zambia, Tuesday announced an increase in its turnover
to 35,006 million kwacha over the past six months of trading.
(3,700 kwacha=1USD). More
Details... |
| WEST AFRICA |
| 22 March, 2002 |
| Shell
approves $7.5bn Nigerian investment |
| Royal Dutch/Shell, the Anglo-Dutch
oil group, on Wednesday approved a total of $7.5bn of
new investment in the Nigerian energy sector over the
next three years in conjunction with its Nigerian, French
and Italian consortium partners. More
Details... |
| 07 February, 2002 |
| Uganda
assures investors |
| Uganda reiterates commitment to investors
by taking measures, which would encourage them. The country
moved swiftly to calm jittery investors in the telecommunications
sector after a confidential memo by President Yoweri Museveni
suggesting the government might go back on its agreements
with MTN Uganda and Uganda Telecom (UTL) became public.More
Details... |
| 13 December, 2001 |
| Bamako
lit up by set off dam |
| The enormous Manantali dam in southwestern
Mali has finally produced its very first megawatt of hydro-electricity,
13 years after it was completed. More
Details... |
| 07 December, 2001 |
| Nigerian,
regional competitor to South African beer |
| South African Breweries could face competition
from its Nigerian rival. Nigeria Breweries aims to establish
itself as a regional rival to South African Breweries,
thanks to the backing of Dutch brewer Heineken. More
Details... |
| 29 November, 2001 |
| Terror
fears threaten Africa tourism |
| Hundreds of African tourism officials
meet in Cameroon to discuss prospects for US tourism to
the continent following the 11 September attacks. More
Details... |
| 23 November, 2001 |
| Five
feared dead in clash over oil royalty |
| A clash between rival groups in the
oil-producing south-western area of Ondo State over a
150 million-naira (1.2 million dollars) oil royalty, has
left at least five people dead and several others injured,
local media reported Friday. More
Details... |
| 23 October, 2001 |
| Senegalese
dam to provide electricity to Mali, Mauritania |
| A Technical Committee for the electricity
interconnection of River Senegal's Manantali Dam has been
set up in Bamako, Malian official sources said. More
Details... |
| 18 October, 2001 |
| Refineries
shut down after pipeline explosion |
| The state-owned Nigerian oil company
NNPC announced Thursday that Kaduna and Warri refineries
shut down after restive youths blew up the pipeline supplying
crude oil to the refineries. The two are amongst four
of Nigeria's refineries. More
Details... |
| 29 August, 2001 |
| Nigeria
to open Trade Center in Shanghai |
| Nigeria plans to open an International
Trade Center in Shanghai, China's fastest growing economic
development zone, as part of efforts to boost trade with
the Asian country, it was reported in Lagos Wednesday.
More Details... |
| 25 August, 2001 |
| Nigerian
president safeguard import inspection policy |
| Nigerian President Olusegun Obasanjo
said recently that the 100 percent inspection of imports
by the federal government has resulted in local manufacturers'
production increase. More
Details... |
| 22 August, 2001 |
| Telecom
investment escalates in Benin |
| Benin
recently reported a turnover of 62.5 million US dollars
on investment and innovation undertaken in the telecommunications
sector last year. More
Details... |
| NORTH AFRICA |
| 4 August, 2001 |
| Egyptian
privatization decision to affect $50.6 million worth businesses
|
| Some 30 business worth 200 million Egyptian
pounds (50 million dollars) are anticipated to be affected
by Egypt recent decision to speed up the privatization
of companies, which are under joint proprietorship of
both the state and private individuals. More
Details... |
| NORTH AMERICA |
| 14 December, 2001 |
| Insurance
boost to African business |
| Insurance against political risk could
boost trade in Africa by as much as $5bn over the next
ten years, a political risk insurance agency said.More
Details... |
| ASIA |
| 23 October, 2001 |
| US
investors threaten Korea's Hyundai deal |
| South Korea's largest foreign investment
deal could be close to collapse after US investors demanded
new terms for the purchase of parts of the ailing Hyundai
Group. More
Details... |
