TPL_GK_LANG_MOBILE_MENU
Beyoncé and Jay Z quash rumoured divorce at 2014 Made in America Festival

Beyoncé and Jay Z quash rumoured di…

Beyonce and husband Jay Z...

Tracy Morgan facing 'tough' recovery after accident

Tracy Morgan facing 'tough' recover…

African American comedian...

Malian government, rebels begin second round of talks in Algiers

Malian government, rebels begin sec…

Malian government officia...

Tunisian deputy survives assassination attempt

Tunisian deputy survives assassinat…

A deputy in Tunisia's tra...

Struggling air Zimbabwe incurs 44.77 milion USD loss

Struggling air Zimbabwe incurs 44.7…

Zimbabwe's struggling nat...

21 killed in a fatal bus collision in Ghana

21 killed in a fatal bus collision …

Twenty-one passengers die...

Lesotho PM calls for regional peace force to restore order after 'coup'

Lesotho PM calls for regional peace…

Lesotho's prime minister ...

U.S. forces carry out operation against al-Shabaab in Somalia

U.S. forces carry out operation aga…

U.S. military forces carr...

240 Seleka rebels depart C. Africa Republic capital Bangui

240 Seleka rebels depart C. Africa …

Witnesses say several hun...

Nigerian troops clash with Boko Haram in Bama, 70 militants killed

Nigerian troops clash with Boko Har…

Nigerian military officia...

Prev Next

A+ A A-

Business (214)

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…
Read more...

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…
Read more...

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…
Read more...

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…
Read more...

Ivorian cocoa revival benefits from troubles in Ghana cocoa sector

Three years ago, when James joined Ghana's anti-smuggling task force, his job was to intercept illicit cocoa shipments from neighboring Ivory Coast to preserve the superior quality of his country's beans. Now he has to stop it flowing the other way.   "We used to burn their cocoa because it was not good," said the wiry 60-year-old, one of the leaders of a network of growers and informants that monitors Ghana's porous border with its…
Read more...

Algeria to produce 30 billion cubic meters shale gas by 2020

Algerian state energy giant Sonatrach said on Saturday it plans to produce as much as 30 billion cubic meters of shale gas annually by 2020, official APS news agency reported. The report, quoting a source with the firm, said the group has already confirmed the decision of future output expansion in early July. Sonatrach plans to drill for shale gas in the basins of Ahnet and Illizi after being authorized by the government, it added.…
Read more...

South African union NUMSA says to intensify metals, engineering strike

South Africa's main manufacturing union, NUMSA, said it has agreed a plan of action to intensify a three-week strike over pay that has hit car makers and construction companies. Around 220,000 workers have downed tools in demand of a double-digit wage increase, a blow to Africa's most advanced economy as it struggles to avoid recession and is still recovering from a crippling five-month strike in the platinum sector, which ended in June. The National Union…
Read more...

Congo DR launches agri-business park in move to revamp farming

Democratic Republic of Congo has launched its first agricultural business park, the initial step in a plan to use its vast tracts of arable land to produce food, create jobs and wean the economy off its dependence on mining. Congo has 80 million hectares of arable land and some 70 percent of the population works in farming but most are involved in subsistence agriculture and the country spent $1.5 billion on food imports last year.…
Read more...

Zimbabwe's economy on the mend as trade deficit narrows by 25 pct

Zimbabwe's trade deficit declined 25.7 percent to 1.76 billion U.S. dollars in the six months to June this year, down from 2.37 billion U.S. dollars recorded during the same period last year. However, the narrowing gap was mainly contributed to depressed demand and liquidity challenges rather than a boost in manufacturing. According to figures released by the Zimbabwe National Statistics Agency (Zimstats) Tuesday, imports amounted to 2.99 billion U.S dollars, down from 3.92 billion U.S…
Read more...

World Bank says Angolan economy recovering

Angolan economy was in a process of recovery in 2014 after recording a growth of gross domestic product of 4.4 percent in 2013, the World Bank said in a report on Thursday. The growth recorded in 2013 was higher than the average of 3.5 percent of the 2009/2011 period, but lower than the 5.2 percent of 2012, according to excerpts of the report which was carried by Angola's official Angop news agency. Non-oil sectors in…
Read more...
Subscribe to this RSS feed

User Registration
or Cancel