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Angelina Jolie to direct film about Kenya conservationist

Angelina Jolie to direct film about…

Angelina Jolie is to dire...

Chad accuses U.N. of neglecting its peacekeepers in Mali

Chad accuses U.N. of neglecting its…

Chad's government accused...

Kenya detains two Iranians on suspicion of planning terror attacks

Kenya detains two Iranians on suspi…

Kenyan anti-terror police...

7 killed as Ugandans, South Sudanese clash at Moyo border town

7 killed as Ugandans, South Sudanes…

At least seven people wer...

Is Beyoncé Knowles expecting baby no 2?

Is Beyoncé Knowles expecting baby n…

According to Hollywood Li...

Leaked document reveals Egypt's military pact with Libya

Leaked document reveals Egypt's mil…

The message emerging from...

8 bodies found after attack on Guinea Ebola education team

8 bodies found after attack on Guin…

Eight bodies, including t...

Bomb blast kills 5 Chadian UN peacekeepers in Mali

Bomb blast kills 5 Chadian UN peace…

Five United Nations peace...

South African parliament in a rowdy session after an obscene gesture by an opposition MP

South African parliament in a rowdy…

A South African oppositio...

Libya's elected parliament rejects PM's new cabinet

Libya's elected parliament rejects …

Libya's elected parliamen...

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Business (220)

International tourist arrivals in Africa up 3 percent in 1st quarter

The United Nations World Tourism Organization (UNWTO) said Africa's international tourist arrivals grew by three percent during the first half of 2014 but warned that the Ebola outbreak may affect the sector in the second half of the year, according to a statement released on Tuesday According to UNWTO world tourism barometer, the growth was due to the recovery consolidated in North Africa but indicated that the current Ebola outbreak which has affected West Africa,…
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Zimbabwe, Russia sign $3 billion platinum mining deal

Russia and Zimbabwe signed Tuesday a $3 billion deal to jointly mine platinum in the southern African country, the world's third largest producer, with Moscow providing the investment funds. The project will see production of nearly 600,000 ounces a year, making it the largest platinum mine in Zimbabwe. Veteran President Robert Mugabe said the deal, expected to create 8,000 jobs, "will see us rise as a nation". "It will see our performance, socio-economic, also rise…
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South Africa launches support package for troubled power supplier

The South African government on Sunday announced a wide-ranging support package for troubled state-owned power supplier Eskom, that will see it receive an equity injection and raise additional debt. Eskom, which supplies 95 percent of South Africa's electricity, has been struggling to meet growing demand, hobbled by years of underinvestment and ageing infrastructure. "Eskom is facing significant challenges that threaten its sustainability," the finance ministry said in a statement. "Cabinet approved a package to support…
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Rwanda solar grid capitalizes on limited sunshine

The biggest solar power plant in East Africa has just opened in Rwanda. It is the first grid level solar plant in the region - a 21-hectare field covered with panels. Rwanda might not seem an obvious place to put it, as the country averages only about five hours of sunshine per day, and not much more where the plant is located. However, sunshine is not the whole story. Until last month, South Africa was…
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Tunisia appeals for foreign investment to boost economy

Tunisia's prime minister on Monday called for greater foreign investment to help support the country's ailing economy and the transition to democracy. Tunisians overthrew their dictator in 2011 and are set to complete the democratic transition with autumn elections, but the economy is beset by high unemployment, low growth and inflation that is making daily life difficult in this country of 10 million. "Investing in Tunisia, is an investment in democracy, in peace and in…
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Britain, Kenya to sign MOU on financial service

Britain and Kenya are in the process of finalizing a Memorandum of Understanding (MOU) on cooperation in the financial services sector, capital markets regulator said on Tuesday. Capital Markets Authority (CMA) Acting Chief Executive Officer Paul Muthaura told a media briefing in Nairobi that the agreement with CityUK will help boost the Nairobi Securities Exchange. TheCityUK represents the UK-based financial and related professional services industry. "The Lord Mayor of London is expected to visit Kenya…
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Struggling air Zimbabwe incurs 44.77 milion USD loss

Zimbabwe's struggling national carrier incurred a loss of 44.77 million U.S. dollars in 2013 as high fuel costs and a significantly reduced route network impacted on the airline's viability, acting board chair Eric Harid said Monday. He told a parliamentary committee that the airline has been making losses since 2004 due to operational challenges that include a ballooning debt, now standing at 302 million dollars, high fuel costs and an aged aircraft fleet. "The reason…
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Kenya's economy boosted by 4.6% rise in tea production in June

Kenya's tea production rose by 4.6 percent in June to 31.9 million kilograms compared to 30.5 million in the same period in 2013, tea marketers said on Wednesday. The Tea Board of Kenya (TBK) attributed the marginal increase in production largely to occasional light rainfall condition which was experienced in tea growing areas of Rift Valley, following which the region's output rose from 8.4 million kilograms to 11.3 million kilograms. "However, owing to persistent cold…
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U.S. announces 30 billion USD to boost economic ties with Africa

Over 30-billion-U.S. dollar commitments were announced at the first U.S.-Africa summit to boost economic ties between the world's largest economy and the continent, said the White House on Tuesday. President Barack Obama announced 7 billion dollars in new financing to promote U.S. exports to and investments in Africa under the Doing Business in Africa (DBIA) Campaign at Tuesday's U. S.-Africa business forum during the summit, the White House said in a statement. U.S. companies also…
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Zimbabwe ratifies WHO treaty on tobacco control

Zimbabwe has ratified the World Health Organization Framework Convention on Tobacco Control (WHO FCTC) in a development that is going to strengthen the country's voice on world tobacco control matters.   The Tobacco Industry and Marketing Board chief executive Andrew Matibiri confirmed to Xinhua Wednesday that President Robert Mugabe acceded to the treaty on July 16 this year.   The overall aim of the legally binding international treaty, which came into force in 2005, is…
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