LAGOS, May 3 – Nigeria’s government is in talks with parliament over the country’s 2011 budget proposal and expects to agree an amended version with a narrower deficit within weeks, the head of the budget office said on Tuesday.
Category: business
S.Africa jobless rate rises to 25.0 percent in Q1
JOHANNESBURG, May 3 – The number of unemployed people in South Africa increased in the first quarter of this year, mainly due to seasonal changes, official data showed on Tuesday.
S.Africa not planning rand intervention-Gordhan
CAPE TOWN, May 4 – South Africa’s government is not planning to intervene to weaken the rand currency that has helped to cushion the impact of higher oil and food prices, Finance Minister Pravin Gordhan said on Wednesday.
Nigeria dollar demand easing to "normal" -Sanusi
CAPE TOWN, May 5 – Dollar demand in Nigeria is returning to normal after elections and should be satisfied by central bank sales of $250-$300 million at bi-weekly auctions, Central Bank Governor Lamido Sanusi said on Thursday.
Guinea seizes MTN facilities
The government of Guinea has seized facilities belonging to South African mobile operator MTN Group [JSE:MTN] in a row over payment of a fee of about $22m, according to a statement seen by Reuters on Thursday.
Investors watch power utilities
Investment in alternative energy was already on the rise, but with Japan’s recent nuclear crisis, more bets are expected to be placed on alternative energy schemes.
Development of SME is a major priority to Africa
Africa’s Small and Medium Enterprises (SMEs) sector must be developed in order to ensure increased growth and sustainable development, explained Robert Zegers, AfDB’s Private Sector Coordinator for SME Finance and Idit Miller, EMRC VP & Managing Director, during an interview held in Brussels on Friday 15th June.
Project Incubator award for African SMEs
To encourage development, innovation and entrepreneurship among Small and Medium enterprises (SMEs) in all sectors of activity in Africa, EMRC will present the “EMRC-AfDB Project Incubator Award” during the AfDB-EMRC SME Forum 6-7 June 2011 in Lisbon, Portugal, to the project with the greatest economic and social impact on local communities.
French Lyon airport will renovate 54 DRC airports
Officials of the French airport of Lyon on Tuesday announced in Kinshasa that they would undertake a project to renovate 54 airports in Democratic Republic of Congo (DRC).
Tunisia: British Gas plans big investment in 2011
British Gas (BG), one of the biggest foreign investors in Tunisia, plans 300- million-dollar investments (1 dollar=1.38 dinar) in 2011 to develop its production sites in the country, announced, on Thursday, Mr. Sami Iskander, Executive Vice-President and Managing Director of BG, Africa, Middle East and Asia.