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Africastyles African News
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All Africa News
AllAfrica News: Economy, Business and Finance
All Africa, All the Time.
Africa: Agriculture Excites Foreign Investors,
THERE has been a large positive shift in global investment perceptions towards agriculture in Africa, driven by the global race for resources and food.
South Africa: Govt Strike Continues as Unions at Odds Over Pay Offer,
THE state's revised wage offer to public servants hit new obstacles yesterday, with unions at odds over whether to end their strike and the Congress of South African Trade Unions (Cosatu) indicating the stoppage will continue.
Mozambique: Price Hike Protests Sweep Capital,
Three people have died and dozens injured in the neighbourhood of Benfica, on the outskirts of Maputo, as a result of riots that have spread in the southern Mozambican cities of Maputo and Matola.
East Africa: Maize Disease Threatens Food Security, Livelihoods,
A new maize disease, not previously reported in Africa, will threaten food security and the livelihoods of millions of people on the continent, scientists have said.
Kenya: Firms See Opportunity, Risk in Rapid Urbanisation,
Producers of consumer goods were on Wednesday scouring the just released census results for new market opportunities or major shifts in demand for specific goods and services with the changing demographics.
Nigeria: 'Nation Needs 25 Million Jobs By 2030 to Check Unemployment',
Nigeria needs to create about 25 million jobs over the next 10 years if it is to offer work to new entrants and cut halve the current unemployment rate in the country, according to a report presented yesterday.
South Africa: Processed Food Imports Dent Jobs,
THE agricultural sector is losing jobs because processed products are being imported, instead of being produced and manufactured locally, Lindie Stroebel of the Agricultural Business Chamber said last week.
South Africa: Department Discloses Mining Right Applications,
THE Department of Mineral Resources met yesterday's deadline to publish thousands of prospecting and mining right applications on its website as Mineral Resources Minister Susan Shabangu dismissed suggestions of irregularities in the granting of prospecting rights.
South Africa: Passenger Rail Lines to Be Refurbished,
THE Department of Transport yesterday outlined an ambitious plan to revamp the country's passenger rail network over the next 20 years, including the building of three high-speed rail projects, a new link between Tshwane and Moloto and a R95bn investment in new rolling stock.
Africa: Funding Begins Flowing for Agriculture,
The Comprehensive Africa Agriculture Development Programme (CAADP) has received a major boost as several countries have begun drawing on funds from a $22 billion pledge made by the G8.
Tanzania: Citizens Urged to Buy Local Products,
TANZANIANS have been urged to buy locally-made products to boost the economy.
Mozambique: Price Hikes Trigger Street Protests,
The cities of Maputo and Matola on Wednesday morning saw unrest with streets being obstructed with rubbish and large obstacles such as electricity poles and burning tyres. Passing vehicles were stoned.
Ghana: Country Deserves B+ Rating - IMF,
The International Monetary Fund (IMF) has credited the basis upon which Standard and Poor (S&P) downgraded the country's credit worthiness from B+ to B.
South Africa: Photovoltaic Firm Opens its First Power Facility,
CONCENTRATED photovoltaic firm Concentrix Solar has begun preparations to build a 50MW solar plant in the Western Cape, CEO Hansjorg Lerchenmuller said yesterday.
Africa: Pharmaceutical Giants to Expand Deal,
Adcock Ingram, SA's second-biggest pharmaceutical manufacturer, has expanded its five-year co-promotion and distribution agreement with the world's second-biggest drug firm US-based Merck & Co (MSD) beyond SA's borders to include six other African countries, it announced yesterday.
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