World Bank postpones $90m Uganda loan over anti-gay law
01/03/2014The World Bank has postponed a $90m (£54m) loan to Uganda over its tough anti-gay law, which has drawn criticism from around the world. World Bank officials said they wanted.
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South Africa’s Liberty Group Appoints First Black CEO
01/03/2014JSE-listed life insurance firm, Liberty Holdings has appointedThabo Dloti as CEO, making him the first black head of the company. Dloti, who is the current CEO of fund manager Stanlib,.
Business & Economy
Africa’s Hospitality Industry To Create 136,000 Jobs In 2014
01/03/2014No fewer than 136,000 new jobs will be created by the hospitality (hotel) sector in Africa this year, a new research by consultancy W Hospitality Group, which specialises in the.
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South African Government Releases 2014 Budget
27/02/2014Despite the sluggish local economic growth brought about by the 2008 global recession, Finance Minister Pravin Gordhan has not gone back on his 2013 growth projections. Tabling his 2014 Budget.
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France Eyes Africa’s Mining Industry With $550m Investment
27/02/2014Europe’s second largest economy, France has revealed plans to invest €400 million ($548 million) in establishing a new state-owned mining company called Compagnie National des Mines de France (CMF), with.
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Microsoft Global President To Meet Nigeria’s Tech Community
27/02/2014Microsoft Global President, Jean Philippe Courtois will today meet with Nigeria’s Tech Community during a visit to the Co Creation Hub Nigeria, a social innovation centre dedicated to accelerating the.
Development Stories
Kenyan Vehicle Manufacturer (KVM) To Roll Out Africa’s Cheapest Car By June
25/02/2014Kenyan Vehicle Manufacturer (KVM) has revealed that it is currently working on the assembly of Africa’s cheapest car in its Thika plant and expects the vehicle to be made commercially.
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Egypt interim government resigns unexpectedly
24/02/2014As Sally Nabil reports, Hazem Beblawi did not explain why he was resigning Egypt’s interim Prime Minister Hazem Beblawi has unexpectedly announced the resignation of his government. Mr Beblawi said.
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Ugandan President Yoweri Museveni signs anti-gay bill
24/02/2014The BBC’s Catherine Byaruhanga: “Many citizens are quite happy the president is defending what they say are traditional African values” Uganda’s president has signed into law a bill toughening penalties.