Capital market authorities have raised query on the unaudited accounts published by some of the troubled banks.
With less than two weeks to the December 2009 deadline giving by the Federal Government to achieve 6,000 megawatts of electricity promised Nigerians, the government has disclosed that it would not be able to achieve the feat, citing gas problem as one of the militating factors.
Chairman, IBTC Stanbic Bank, Mr. Atedo Peterside, has faulted the Central Bank of Nigeria (CBN) on the provision of one code of corporate governance for operators in the financial sector.
A forest project in Tsavo East National Park that has helped reduce human-wildlife conflict has been cleared to start earning money from its ability to reduce carbon dioxide emissions from the atmosphere.
Kenya's fourth telecoms service provider, Yu, has rolled out an electronic money transfer service, which is expected to intensify the battle for control of the mobile cash market that has been the turf of market leader Safaricom and Zain.
Kenyan flower exporters are battling to shake off the European stranglehold as they renew their campaign for a bigger share of the Japanese market.
Hardly a week after police seized a huge cache of weapons in Narok, another arsenal was Tuesday found on a ship at the Kilindini port.
Profit-taking on the Botswana Stock Exchange continued from where it left last week as financial counters Barclays and FNBB shed more weight in yesterday's trade. Delayed profit-taking took place on the bourse last week as investors liquidate positions ahead of the festive season.
Exim Bank (Tanzania) Ltd has won the National Board of Auditors and Accountants (NBAA) award for the best financial statements for the year 2008 in the banking category.
MARKET capitalization at the Dar es Salaam Stock Exchange (DSE) has declined to 41.37bn/- from 5,114.63bn/- recorded in October to 5,074bn/- last month, according to the latest equity markets country report.
THE National Bureau of Statistics is negotiating with the World Bank in order to secure a soft loan of about 39bn/- for the implementation of the Tanzania Statistical Master Plan (TSMP).
THE first online payment system has been introduced in the country and will officially start operating by March next year pending the authorization from the Bank of Tanzania.
Mozambican Transport Minister Paulo Zucula on Monday laid the first stone for the construction of a new international airport at Vilanculo in the southern province of Inhambane.
Civil society activist Falla Ensah N'dama yesterday blasted the stadium management for not keeping the facility up to its status.
Manager of operations and maintenance at Salini construction, the Italian company contracted to complete the decades-long Bumbuna hydroelectric project in the Tonkolili district, northern Sierra Leone, Serafino Ciro has confirmed to a team of visiting journalists that the electricity the capital Freetown is enjoying today is indeed coming from Bumbuna.
As the year comes to a close, Airlines are lining up for increased bookings. Pierre DeClerk Country Manager Brussels Airlines spoke to Dorothy Nakaweesi about his expectations
Telecommunications firm Orange, has unveiled the trendy and multifunctional iPhone 3G -third generation and 3G S devices in Uganda. The launch cuts back the high chances of buying fake versions of the stylish phones from unauthorised distributors in Uganda, since Orange is the official vendor of the iPhone across Africa.
A road recycling machine to help on the on the quality and save on time spent on road construction was launched on Tuesday at Hotel Africana, Kampala. Mr Christopher Woodley, managing director, Killoughhery road recycling and stabilisation, said, "the main purpose of using this technology is to give you an enhanced performance road together with cost effective and environmentally friendly ...
What started off as a positive economic signal is forcing exporters to raise a red flag after a rapidly appreciating Ugandan shilling showing no sign of stabilizing. Close to six months now, the shilling has been riding high against the US Dollar pulling down gains made by the export sector while boosting the import market.
in October 2009, Tunisia's flag carrier, Tunisair, signed a program contract , with the National Agency of Energy Management (ANME) following its adoption of an energy audit initiative dubbed "Fuel Economy" Project in 2006.
According to the Tunisian Stock Exchange website, "Tustex", the Tunis stock exchange index (TUINDEX) has recorded a growth rate of 3, 16% to reach currently 46, 55%.
In today's world, the most effective land and sea victories are those that are achieved by conquering new markets and setting up innovative technologies that can increase a country's independence, while better connecting it to the world surrounding it.
High energy bills in Kenya have cost the country its business competitive edge.
Sanghi Cemtech group has contracted a Chinese consortium to put up its cement plant at Pokot and up-scaled its intended investment in Kenya to $175 million (Sh13 billion).
Special economic zones will be rolled out in six months to replace export processing zones which have been facing hitches.
