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Africa Business Weekly
20 april 2007

the week's top 20 stories

 

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pan-African news

Leaders on the Continent to Push for Deeper And Widespread Debt Relief

Mr. Akwasi Osei Adjei, Deputy Minister of Foreign Affairs Regional Cooperation and NEPAD, has commended African leaders for adhering to the New Partnership for Africa's Development (NEPAD) initiatives to bring a change in Africa's quest for unity and development. Public Agenda / http://allafrica.com

Portugal says to boost EU-Africa anti-terror ties

Portugal said on Monday one of its goals when it takes up the European Union's presidency in July will be to strengthen EU ties with Africa to help fight terrorism. africa.reuters.com

Key WTO ministers to meet 3 times in 2 months - EU

Top negotiators from world trade powers are scheduled to meet three times in the next two months as they intensify their search for a breakthrough in long-delayed global negotiations, EU's trade chief said. africa.reuters.com

Continent Holds Competitive Advantage On Organic Products, Says Expert

The African continent has a great competitive advantage in agricultural organic products and must position itself to fetch more foreign exchange earnings for the continent according to a leading organic specialist. East African Business Week / http://allafrica.com

South Africa: Singapore Can Strengthen Africa-Asia Links

Singapore could help strengthen relations between African regional organisations and the Association of Southeast Asian Nations (ASEAN), says President Thabo Mbeki. BuaNews / http://allafrica.com


regional and country news

Nigerian candidates reject poll

Two opposition candidates in Nigeria's presidential election say said they will not accept the results. bbc.co.uk

Chaos and Bombing Attempt Sully the Election in Nigeria

The problems raised the possibility that the presidential election might not produce a credible winner. The New York Times

Call for Nigeria election re-run

Nigeria's biggest election monitoring group says Saturday's poll was so flawed it should be re-run. bbc.co.uk

Southern Africa: SADC Tariff Deal With EU Now 'Unlikely This Year'

A recent update on trade negotiations between the European Union (EU) and African, Caribbean and Pacific (ACP) countries, hosted by the South African Institute of International Affairs, has exposed some stark contrasts. Business Day / http://allafrica.com

Ghana: Nation Extends its Relationship with China

H.E. Mr. Jia Qinglin, Speaker of National Standing Committee of the Chinese People's Political Consultative Conference (CPPCC), led a 70-member delegation for a three-day official visit to Ghana. Public Agenda / http://allafrica.com

South Africa: SA 'Lags' in Global Race to Go Green

SA's policy direction is lagging the global green trend and this could have a severely detrimental impact on local export businesses, observers have warned. Business Day / http://allafrica.com

South Africa: Mbeki Urges Business Leaders to Shape Up

President Thabo Mbeki chastised business leaders in Johannesburg at the weekend during a high-powered presidential imbizo in Gauteng, demanding they shape up and "provide leadership" if the problems facing small, medium, and micro enterprises were to be properly addressed. Business Day / http://allafrica.com

Liberia economy 'to grow by 11%'

Liberia's economy should grow 11% a year on average over the next five years, according to the IMF. bbc.co.uk

East Africa: Oil Investments Hit $300 Million

Oil investments in East Africa have risen to $300m (sh528b) this financial year, energy ministers from the region have said. New Vision / http://allafrica.com

Zimbabwe to Join European-Africa Summit

Zimbabwe will not be excluded from the Europe Union (EU) - Africa Summit to be held in Lisbon despite the EU's sanctions on the troubled state. BuaNews / http://allafrica.com

Zim revokes all NGO licences

Zimbabwean authorities have cancelled licences for all non-governmental organisations in a crackdown on groups accused of planning to oust veteran President Robert Mugabe. iafrica.com

company news

Rolls-Royce to pull out of Sudan

British aerospace firm Rolls-Royce is to pull out of Sudan in light of the worsening humanitarian situation in Darfur. bbc.co.uk

Zimbabwe: U.S. Food Giant Heinz May Divest from Govt Food Company

Conglomerate H.J. Heinz, which early this year announced plans to dispose of its majority interest in Olivine Holdings, says it is now exploring "opportunities" related to its stake and no firm decision had been made yet to pull out from the country's troubled food and consumer goods manufacturer. Financial Gazette / http://allafrica.com

Kenya: Russian Firm in Major Investment

Renaissance Group, a financial services giant operating in Russia and Central Asia, plans to invest millions of dollars in Kenya to set up a hub for operations in East Africa. The East African Standard / http://allafrica.com

SAA 'should be privatised'

The privatisation of South African Airways should be considered by govenment in order to bring it back to profitability, says the DA, as the taxpayer should not be burdened by mismanagement. iafrica.com

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