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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.
South Africa: Apartheid Victims to Sue Multinationals,
Victims of apartheid who are suing 23 leading multinational corporations in American courts on the grounds that the companies collaborated with the policy have been given clearance to take their case forward.
Nigeria: Former President Does Not Show Up for Hearing,
Against all expectations, former President Olusegun Obasanjo yesterday failed to appear before the House of Representatives Committee on Power and Steel investigating the alleged expenditure of $16 billion on the power sector during his administration, saying he was "slightly indisposed."
South Africa: Markets Take ANC Left Turn in Their Stride,
FINANCIAL markets are giving economic policy changes proposed by the new leadership of the African National Congress (ANC) the benefit of the doubt, despite growing signs of a significant shift to the left.
Uganda: Rail Link to Mombasa Cut,
THE railway link to the sea port of Mombasa has been cut off by floods at Bugembe in Jinja district. The weekend heavy rains, according to Nathan Byanyima (NRM), flooded the area, making it impossible for trains from Kenya to reach Jinja and Kampala.
Africa: Continent Fastest Growing Market in Telecoms,
Africa has been the fastest growing market worldwide in communication technology over the past three years and will continue to emerge as an important market for the industry, according to the head of the United Nations International Telecommunication Union (ITU).
Uganda: Declining World Market Prices Hit Flower Farmers,
High production costs and stagnant prices on the international market may soon push flower investors into alternative investments as the sector continues to register declining exports and revenue for the third consecutive year running.
Kenya: Minister Rules Out Lower Taxes On Oil Products,
Kenyans should tighten their belts after the Government dismissed possibilities of slashing fuel taxes or intervening through price controls.
Zimbabwe: Hackers Sabotage Herald Website,
HACKERS sabotaged The Herald's website database on Sunday night, changing headlines on the latest web edition.
Mozambique: Public Offer of Shares in Hydrocarbon Company,
The Mozambican government on Tuesday announced the sale of 10 per cent of the shares in the publicly-owned Mozambican Hydrocarbon Company (CMH) - but only Mozambican individuals or companies may purchase the shares.
Mozambique: New Shareholder for Vodacom,
Whatana Investments, a company chaired by Mozambique's former first lady, Graca Machel, has taken a five per cent stake in Vodacom Mozambique (VM), one of the two mobile phone operators in the country.
Africa: Africa Fastest Growing Information Technology Market, UN,
Africa has been the fastest growing market worldwide in communication technology over the past three years, according to the head of the United Nations International Telecommunication Union (ITU).
Sierra Leone: Price of Rice to Reduce Soon,
General Manager Fulladu East Agric project Friday said his organization has successfully embarked on a large scale of mechanised boliland rice cultivation at Tormabum in the Bonthe district; a development that the high cost of rice will soon reduce.
Namibia: MUN Leader Calls for Commitment,
WITH the fast-growing mining industry in the Erongo Region, and the labour rights challenges that go with it, members of the Mineworkers Union of Namibia (MUN) would need effective and efficient leadership to guide the way forward.
Namibia: Fuel Up Again,
FUEL prices will go up on Thursday - for the fourth time this year.
Tanzania: Roads Promise Still On Track - President,
The Government yesterday reaffirmed its promise that come 2010, motorists will be able to drive saloon cars from Mtwara to Sirari in Mara Region with ease.
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