AfricaNews - Business

Business news

Development bank FMO makes profitFMO, one of the largest bilateral private sector development banks worldwide, made…
NIGERIA: $20 m factory for soybeans…Nigeria-based Karma Foods Limited is establishing a $20 million factory that will …
Zimbabwe free to sell Marange fields diamondThe Kimberly Process has given Zimbabwe the green light to sell diamonds.
Nigeria: Bank governor adjudged world bestNigeria Central Bank governor Mallam Lamido Sanusi adjudged the world best.
Morocco: Circle Oil makes second gas…Circle Oil Plc has made a second gas discovery at its key Sebou Permit in Morocco.
Ghana: Rated 2nd in fastest GDP growthGhana's GDP set to grow by 14% in 2011, according to the Economist Intelligen…

African defence technology attracts interest

The revolution in armoured vehicle technology will reach the Gulf on Monday as the largest defence and aerospace business from Africa unveils its groundbreaking technology at the regions' biggest defence exhibition, IDEX. Gulf States have traditionally been customers of the US and Europe but a new breed of armoured vehicles pioneered in South Africa has turned the tables on the dominant suppliers.Read more…

Energy in Africa

Wangari Maathai: Top Five quotes to rememberOne of Africa's illustrious daughters - Wangari Maathai - bid farewell to the…
AFRICA: Ashden Awards on green energy seek 2…The Ashden Awards for Sustainable Energy are seeking entries for the 2012 awards, …

Energy news overview

Business Action for Africa

Business Action for Africa is a network of businesses and business organisations from Africa and around the world.

ICT in Africa

Solar-powered phones make life easierAccess to mobile phone in rural Kenya was recently made cheaper and more attractive for the low-income peasants. Safaricom Company has introduced sola…
500 million Africans use mobile phonesOver 500 million Africans are now subscribed to a mobile phone by the third quarter this year.
Half of Tanzania’s population on phoneA research team at the University of Dar es Salaam says half the Tanzanian population is currently hooked to mobile phones.
UK tech firm opens centre in AfricaCambridge Broadband Networks (CBNL), a multipoint microwave network specialist for 3G and LTE backhaul, has opened a new Centre of Excellence in Lagos…
Nigeria's elections set new records in use of social…In 2008, then US presidential candidate Barack Obama broke new ground by using social media in ways never seen before. Yet it was Goodluck Jonathan, t…