Tuesday, March 28, 2017

World Bank to Invest $57 Billion in Nigeria, Others

The World Bank Group president, Mr Jim Kim, said the bank would be investing 57 billion dollars to accelerate growth and development in Sub-Saharan African countries over the next three years. In a statement released...

World Bank to Increase Resources for Tanzania to $2.4billion

The World Bank Group is recognizing Tanzania’s strong macroeconomic management, political stability and growth opportunities by scaling up its resources for the country, World Bank Group President Jim Yong Kim revealed. The country will be able...

Lagarde Pledges Support for Africa, G20 Partnership to Unlock Investment Flows

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), at the conclusion of the Group of 20 (G20) Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany commended cooperation between Africa...
jobs

Sudan: European Union Partners UNIDO to Boost Jobs and Economic Growth

Ambassador Jean-Michel Dumond, Head of Delegation of the European Union to Sudan (EU) and Khaled El Mekwad, Representative of the United Nations Industrial Development Organization (UNIDO), have signed an agreement to implement a project...

Nigeria: Still an investor’s delight in Africa

Barr. Osita Oparaugo. Nigeria’s recent offering of $1bn bond at the London Stock Exchange (LSE) was about eight times oversubscribed, according to the London Stock Exchange. The 15 year bond, offering 7.875% in yield is...

Germany Stands to Gain in Supporting African Economy – German Parliament

Head of Bundestrat, the upper chamber of the German Parliament, Ms Malu Dreyer, has said that Germany has a lot to gain from supporting the growth of African nations’ economies. She said this while playing...

U.S. Business Delegation Meets Ghana President to Broaden Bilateral Investments

The U.S. Chamber of Commerce’s Vice President of African Affairs and President of the U.S.-Africa Business Center Scott Eisner today met with His Excellency Nana Akufo-Addo, the newly elected President of Ghana, to discuss...

Ascendis to Acquire Cipla Veterinary Business for R375m

Cape Town – Ascendis Health, the high growth health and care brands group, is to purchase the southern African veterinary operations of Cipla India for R375 million. Cipla Vet (companion animals) and Cipla Agrimed (commercial...

South Afriica: Pegas Nonwovens Plans R1.3 Billion Atlantis Investment

The City of Cape Town has welcomed a R1.3bn investment in Atlantis by multinational corporation Pegas Nonwovens which is set to open a new plant in the suburb. The new Atlantis facility will manufacture non-woven,...

Ghana builds investment tie with Qatar

President Nana Addo Dankwa Akufo-Addo,  indicated that Ghana would build strong diplomatic and economic relations with Qatar and other countries of the Gulf to draw investments for development. He said this during a courtesy call...