26-May-2017 to 15:31

Ethiopia is biggest recipient of private equity in eastern Africa - Report

APA-Addis Ababa (Ethiopia) — Ethiopia is the biggest recipient of private equity in eastern Africa, thanks to its friendly business environment and favourable industrial policy, according to the African Economic Outlook Report released on Thursday.

Read more

26-May-2017 to 15:04

Ethiopia, AfDB sign $5.6m loan, grant agreements

APA-Addis Ababa (Ethiopia) — The African Development Bank Group and Ethiopia on Thursday signed loan and grant agreements to the tune of US $5.6 million? for additional resources to Ethiopia's One Water, Sanitation and Hygiene Programme, the bank said in a statement.

Read more

26-May-2017 to 12:50

S/Africa: GM to retrench 600 workers-Union

APA-Johannesburg (South Africa) — With 600 workers expected to be axed, the National Union of Metalworkers of South Africa (Numsa) has received a notice of retrenchment from General Motors (GM) following the company’s recent announcement that it was pulling its car manufacturing business out of the country due to poor returns, the Numsa has confirmed.

Read more

26-May-2017 to 11:11

Sudan government approves $172m loan to build electricity station

APA-Khartoum (Sudan) — Sudan's cabinet on Thursday approved a $172 million loan to build a power station in Baquir, southern of capital, Khartoum, the government Official said.

Read more

25-May-2017 to 15:16

Botswana: Ex De Beers boss buys diamond company

APA-Gaborone (Botswana) — Former Chief Executive Officer of De Beers mining company Gareth Penny will buy Firestone Diamonds operations in Botswana, effective from 1 June 2017, APA learnt here Thursday.

Read more

25-May-2017 to 14:56

Burkina Faso to offer decent job to every young by 2020

APA-Ouagadougou (Burkina Faso) — Burkina Faso intends to offer every young person a decent job by 2020, APA learned Thursday from the ministry in charge of Youth.

Read more

25-May-2017 to 13:05

Oil production in Sudan fell to 129,000 barrels per day-Official

APA-Khartoum (Sudan) — The Sudanese Oil and gas Ministry revealed the low production of the country's oil due to reduction of companies’ budgets after the fall in oil prices globally, reports said on Thursday.

Read more