NAIROBI (Reuters) – Kenya has licensed HSBC Limited to open a representative office for marketing and liaison purposes in the country, the east African nation’s central bank said on Thursday. Foreign banks have been queuing to set up operations in the region’s biggest economy, drawn in by robust economic expansion and the country’s status as […]
Category: business
Algeria: ECB ready to finance EU businesses
The European Investment Bank (EIB) is ready to support European companies wishing to set up in Algeria. The EIB vice-president, Philippe De Fontaine, said Wednesday in Algiers.
Ericsson invests $ 7 billion in Sub-Saharan Africa
Ericcson AB plans to spend about $7 billion on projects in sub-Saharan Africa by 2020, Jonas Stringberg, the company’s chief financial officer for the region, said.
Morocco: agriculture needs more water
Morocco’s farmers have had a good year, but remain concerned about drought and water management.
South Africa: new plant for dust control-Transnet
Transnet is gearing up for the commissioning of a new multimillion rand plant in May 2011 that will provide the extra water resources required to control red iron ore dust at its Saldanha bulk terminal, which is located within a water scare area.
Egypt, Sudan Slapped by Ethiopia’s New Nile Dam
Amid the recent Nile Basin Initiative controversy among member states and Egypt/Sudan claiming to still control the majority of the Nile, Ethiopia has seized the opportunity to build a new major hydro dam along the Nile River.
Angola: questions on China's win-win relationship
Johannesburg — Crouched on their haunches on the edge of a crumbling pavement, a group of Chinese construction workers are eating noodles from tin bowls, wearing floppy straw hats under their green safety helmets to protect them from the aggressive midday sun.
Tunisia to take part in Shanghai 2010 World Expo
Tunisia will participate in the Shanghai 2010 World Expo, to be held next May 1-October 31, 2010 in China, under the theme “Better City, Better Life.” This major global event, held every 5 years, will bring together more than 192 countries and international organizations over a 5-square-kilometre area. This exhibition has cultural, social, tourism and […]
Tunisia: The future is solar!
It’s probably the energy project of the century. The Desertec project is currently mobilizing multinational companies, engineers, policy makers, financial market and banks. It’s about plants due to be built around and in the Sahara to produce, store and transfer energy to Europe. One of the major stakeholders of the projects, Bernd Utz, director of […]
IMF sees South Africa bouncing back with 2,6% growth
The International Monetary Fund (IMF) has revised upwards its forecast for South African economic growth this year, but warned the recovery will be “tempered” by high unemployment, tight credit and rand strength. It sees the economy growing 2,6% this year, faster than its previous forecast of 1,7% made last October. The IMF’s latest estimate is […]