Vitafoam Plc has concluded plans to diversify into key sectors of the economy, declaring that it has expanded its operations to Ghana, while plans are in top gear to open shop in Sierra Leone.
The bullish run in the Nigerian Stock Exchange (NSE) was halted, Tuesday, as the value of listed equities dipped by N77.85 billion.
The House of Representatives has thrown its weight behind moves to strip the Nigerian Maritime Administration and Safety Agency (NIMASA) of its maritime security function and the creation of a new body to perform the security function.
A dirt road running from Wed-Dubue to Emberemi has been leveled and repaired through Gedem Construction Company, thus easing the transport problems the inhabitants of the Emberemi administrative area used to encounter.
It was previously the town that ran as the rest crawled, but that no longer holds true for Eldoret. The town is now facing an economic meltdown as more and more industries close shop while others ship out for lack of business.
Thousands of commuters in Nairobi and its environs were on Wednesday stranded for hours after matatus were withdrawn from the roads.
Eskom has signed a 17-year agreement with ARM Coal and Xstrata to supply coal to the Majuba Power Station.
The High Court has thrown out an application by Iquip seeking to block East African Marine Systems (Teams) from disposing of its shares to rivals.
The East African Community has picked education as one of the sectors that will initially benefit from free movement of labour with the launch of a common market next year, opening an employment window for thousands of Kenya's unemployed teachers.
The cost of set top boxes, the equipment that converts analogue television signals to digital ones, is expected to come down significantly early next year when Treasury removes key levies charged on the gadgets.
International Finance Corporation's leasing program in Rwanda extending to more Small and Medium Enterprises (SME) , according to officials.
Government officials have said that fuel pump prices on the local market will remain stable despite a drop in international oil prices.
Despite the recent liquidity crunch in the banking sector, the sector has registered a significant growth in the last four years, netting Rwf80 billion in equity this year from Rwf21b in 2005, according to information from the National Bank of Rwanda (NBR).
About 14 percent of Rwandans have access to formal banking, according to Francois Kanimba, the Governor of the National Bank of Rwanda (NBR).
All branches of Banque Populaire du Rwanda (BPR) will be linked on one network in order to promote efficient service delivery, the bank's Chief Executive Officer (CEO) said on Tuesday.
Janamitra Devan, the new Vice President of Financial and Private Sector Development of the World Bank and IFC, has just completed a two-day visit to Rwanda.
The Mozambican economy has managed to withstand the international financial crisis, and, according to the Bank of Mozambique, the latest statistics indicate a real annual GDP growth rate of 6.5 per cent.
The Mozambican and South African customs authorities have worked out a plan to facilitate circulation of people and goods at the common border at Ressano Garcia, in Maputo province, during the festive season.
Hana Mining has announced completion of 14 new RC drill holes at its Ghanzi copper-silver project in Botswana which extends total mineralisation in the Company's current focus area, Banana zone.
The Central Statistic Office will be transformed into an autonomous organisation before the beginning of the 2010/11 budget, Parliament has heard. But the CSO will continue with some of its duties such as the conduct of national population census.
HEAVY investments in the construction industry has boosted the performance of the sector, which is growing faster than mining and tourism, officials said earlier this week.
In my last article I wrote about Business Member Organisations, the private sector structures that lock horns with government to advocate for policies that will enable business to thrive.
The signing of the East African Community (EAC) Common Market Protocol on November 20 in Arusha was the beginning of an interesting era in East Africa.
CMC Holdings is expected to report a dip in profitability for the year ended September 30, 2009, compared to the previous period, a warning issued by the firm on Wednesday indicates.
An auctioneer who had been contracted by a Ugandan company to sell over 25 containers of sugar but failed to do so after the court barred the sale has now filed an application for costs.
