Kampala will be host to more than 200 highly placed business executives for a three-day East African Business Summit scheduled to start on 17th this month. Held annually, the summit brings together CEOs and economic policy officials from the region...

Leaders of the South American trade bloc Mercosur meeting at a summit in Argentina have signed trade agreements with the Southern African Customs Union, as well as with Turkey and Jordan. The two-day summit, which started on Monday, is focused on...

TORONTO and JOHANNESBURG, South Africa, June 30 /CNW/ - BRC DiamondCore Ltd. (the "Company") (TSX - BCD; JSE - BCD) announces that the following Board of Directors was elected at the annual meeting of shareholders of the Companyheld on June 27,...

The mid-year Summit of ECOWAS Heads of State and government, scheduled for today June 23, will among other issues discuss the rising global oil prices and the soaring cost of basic food items and its impact on the economies of member states. ...

The British government has given a grant of over 100 million U.S. dollars to help protect the forest ecosystem within the expansive Congo Basin, the second largest tropical forest in the World after the Amazon, according to official sources. The...

What has become of the World Bank and its arms like IBRD, IFC, IDA, even through our own Okonjo Iweala or Oby Ezekwesili's connections at the global body? And what has become of the ADB where Nigeria is supposed to be dominant? Or will the non-...

Franklin Resources Inc (BEN.N: Quote, Profile, Research, Stock Buzz) said on Monday it was launching a new fund investing in the Middle East and North Africa, joining a growing number of money managers offering products geared to the energy rich...

Helping developing nations fight global warming and sharing views on soaring oil and food prices were among the topics on hand at a Group of Eight finance ministers' meeting opening Friday. The two-day meeting also will address other global issues,...

Runaway oil prices will be a focus of finance ministers from the Group of Eight industrialized nations meeting this week in Japan who are hoping to calm global jitters about a series of looming economic problems. Soaring crude oil costs and rising...

The Africa Enterprise Challenge Fund (AECF) on Tuesday launched a 50 million U.S. dollar private sector fund to help the continent's rural poor. The fund which was launched in Nairobi will enable the private sector companies to be able to get...

Indian Oil Corp (IOC), India's largest state-owned refiner, has issued a second tender this month to buy August-loading sweet crude, a trader said on Monday. Grade offers in the two tenders are due on Tuesday and price bids will remain valid until...

Africa is a contradiction. It has so many assets, including vast riches in natural resources and some of the most exquisite scenery on Earth. Most Africans are extremely friendly, community-minded, and very hard-working people. At the same time it...

The cooperation between China and Africa in all sectors, based on mutual benefit, has been widely lauded at the just concluded 18th World Economic Forum on Africa in Cape Town, South Africa. Hailing the beneficial cooperation between...

Ghana's President John Agyekum Kufuor has called for bold and decisive move towards integration of African economies through sub-regional blocs. He said it was by so doing that African countries would be able to create larger markets to help them...

Nigeria took a strong stance on determining its own economic development recently when it rejected an economic partnership agreement (EPA) with the European Union. The country has also adopted a different approach towards its neighbours regarding...

West Africa's financial giants, Ecobank Group, have made a formal entry into the Kenyan financial market with the purchase of a 75 per c e nt stake in local finance institution, the East Africa Building Society (EABS), b ank executives said here...

Japan unveiled a package of steps to help boost growth in Africa on Wednesday, vowing to double its aid and business investment, as it seeks closer ties with the resource-rich continent. Following are a summary of key steps Tokyo pledged...

STANDARD Bank may have painted most of sub-Saharan Africa blue with an on-the- ground presence in 18 countries, but recent acquisitions in Nigeria and Kenya need to be bedded down before it can resume the acquisition trail Although Standard is...