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Africa Business Weekly
17 november 2006

the week's top 20 stories

 

pan-African news

Nairobi climate talks end in deal

Agreement is reached at the UN climate talks in Kenya, after a deal on reviewing the Kyoto Protocol proved elusive. bbc.co.uk

UK Gives 24 Million Pounds for Climate Change Adaptation

Britain will invest £24 million (Sh3.2 billion) in climate change adaptation programmes in Africa. British High Commissioner to Kenya Mr Adam Wood said the money was part of the British government's commitment to increase support for research and identify adaptation opportunities in Africa. The East African Standard / http://allafrica.com

Annan chides inaction on climate

The UN chief criticises a "frightening lack of leadership" in tackling climate change, at a summit in Kenya. bbc.co.uk

Climate insurance urged for poor

The United Nations calls on insurance companies to help protect the world's poor against the impacts of climate change. bbc.co.uk

Continent Records $31 Billion FDI

This year's World Investment Report, subtitled, 'FDI from Developing and Transition Economies: Implications for Development 'focuses on the rise of foreign direct investment (FDI) by transnational corporations (TNCs) from developing and transition economies. This Day / http://allafrica.com

Infrastructure Critical for Africa's Development

Boosting economic growth in Sub-Saharan Africa was dependent, to a large extent, on expanding infrastructure investments, improving the investment climate, harnessing skills for innovation and building institutional capacity across the continent, a World Bank study has said. Business in Africa / http://allafrica.com

45 Million to Access ICTs By 2010

The president of the Microsoft computer software manufacturer, Bill Gates, is determined to enable 45 million Africans to gain access to information and communication technologies (ICTs) by 2010. This Day / http://allafrica.com

regional and country news

Zimbabwe: Govt to Compensate White Farmers

The Zimbabwean government has invited over 1000 white farmers to collect compensation for farms that were seized under President Robert Mugabe's directives. Business in Africa / http://allafrica.com

Kenya: Country's Tourism Earnings to Hit $1 Billion Mark in 2007

Earnings from Kenya's tourism sector will hit the $1 billion mark in a year if growth continues at the current pace and investments in new markets such as China start yielding dividends, analysis of current data shows. The East African / http://allafrica.com

Sierra Leone: "Sierra Leone is Open for Business" Okere Adams Woos Tourists

Speaking at the World Conference of Tourism Ministers held at London Excel on Tuesday, Sierra Leone's Tourism Minister, Okere Adams, said that he was particularly delighted to announce, once again, that Sierra Leone is now open for business. Concord Times / http://allafrica.com

Tanzania: Tanzania to Build Refinery, Dar-Mwanza Fuel

Tanzania has signed a one-year Memorandum of Understanding (MoU) with Noor oil of Qatar for constructing an oil refinery plant and a 1,200km pipeline from Dar es Salaam-to-Mwanza. East African Business Week / http://allafrica.com

Uganda: China to Give Uganda $120 Million for ICT Dev't

Uganda will receive a US$120m (Ush219.6 billion) loan for development of the national Information Communication Technology (ICT) backbone infrastructure. East African Business Week / http://allafrica.com

Nigeria: Country Largest Phone Market in Africa

Nigeria is set to take over from South Africa as the largest mobile phone market in Africa by the end of 2007. This Day / http://allafrica.com

Tunisia: Tunisia Increases Investments in Wind Power

The chronic rise in oil prices has prompted Tunisian authorities to invest in renewable energies such as wind power. National wind power production should reach 180 Mw by 2008. Tunisia Online / http://allafrica.com

Uganda: Museveni Pledges Rapid Growth in 10 Years

Uganda will achieve first world economic growth rates in about 10 years, President Yoweri Museveni said Yesterday. New Vision / http://allafrica.com

Wealth in Africa's conflict zones

BBC World Affairs Correspondent Mark Doyle asks if efforts in the Democratic Republic of Congo and Sudan to end the cycle of conflict can lead to a more prosperous future. bbc.co.uk

company news

Vodacom in Africa growth boost

South African mobile phone firm Vodacom is boosted by the news it can now expand across Africa. bbc.co.uk

Lonmin boosted by platinum prices

Lonmin released rocketing earnings per share, up 163 percent for its financial year to the end of September, thanks to the surging price of platinum. iafrica.com

Mango takes off on maiden flight

South Africa's latest no-frills airline Mango took to the skies on its maiden flight to Cape Town on Wednesday morning, amid continued controversy as to whether current prices are sustainable. iafrica.com

Nigeria: Ibru, Elumelu Win African Business Awards

The Managing Director/Chief Executive of Oceanic Bank International Plc, Dr (Mrs) Cecilia Ibru, and the Managing Director/Chief Executive, United Bank for Africa Plc (UBA) Chief Tony Elumelu weekend in Nairobi, Kenya emerged as the "African Businesswoman of the Year" at 2006, and the "African Business Leader of the Year" respectively. Daily Champion / http://allafrica.com

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