Industrialization Key to Cutting Poverty, UN Officials Say

While Africa now produces only a fraction of global manufactured goods, industrialization of the continent is critical to reducing poverty there, say top United Nations officials. UN News Service / http://allafrica.com

Nigeria: SME Future of Economic Growth - Obasanjo

President Olusegun Obasanjo has said that the future of the African economy is strongly intertwined with the fate of its Small and Medium-scale Enterprises, SMEs due to their
potentials to contribute enormously to output, growth, employment and exports. This Day / http://allafrica.com

Uganda: Bad Governance Failed Private Sector – Museveni

President Yoweri museveni has accused past African governments of interfering in the private sector. Museveni said at the European Development Day's Forum in Brussels that the act depicts bad governance on the continent. New Vision / http://allafrica.com

'No Power for 60 Percent of Sub-Sahara By 2020'

About 60 percent of Sub-Saharan Africans would not have access to electricity by 2020, according to the director for energy and water at the World Bank. Business in Africa / http://allafrica.com

Ghana: Nation Gears to Become Beacon of Africa's Economic Empowerment

Ghana is shifting gear to become the beacon of Africa's march to economic empowerment on the verge of the country's 50th anniversary celebration, Mr Kwame Pianim, an economic consultant has observed. Accra Mail / http://allafrica.com

Tanzania: Tigers Eye Dar Investment

Japanese, Chinese and South Korean companies have shown interest in various investments in Tanzania beginning next year. East African Business Week / http://allafrica.com

Namibia: 40,000 Chinese in Namibia, MP Says 'Scramble for Africa' On Again

LARGE numbers of foreigners from the Far East, especially China, are flocking to Namibia to work and are granted working visas and residence permits at the drop of a hat, says an opposition politician. The Namibian / http://allafrica.com

Nigeria: Heart of Africa Project Launched in UK

Nigeria's renaissance profile, her quantum leap in less than eight years, her leadership role in Africa and her astonishing promise were again put on the spotlight as her image management project, Heart of Africa, was launched at a three-day event which ended on Monday November 20 at the Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London. Nigeria First / http://allafrica.com

East Africa: EADB in 25 Million Euros to Boost SME Businesses

The European Investment Bank (EIB) has signed a 25million euro credit line agreement with the East African Development Bank (EADB) to finance small and medium sized investment projects. East African Business Week / http://allafrica.com

Kenya: Investment Key to Growth, Says Kibaki

The private sector holds the key to achieving the objectives of Vision 2030, President Kibaki said yesterday. The Nation / http://allafrica.com

Kenya: Kenya-WB in Deal to Buy Carbon Dioxide

The World Bank's first carbon credit project in Kenya will begin in 2008. The East African / http://allafrica.com

Zambia: Levy Courts Irish, Italian Investment

President Mwanawasa has challenged Irish and Italian business communities to invest in Zambia. The Times of Zambia / http://allafrica.com

Debt-ridden Zim faces IMF expulsion

An IMF team will visit Harare next month for an assessment mission that could lead to the expulsion of debt-ridden Zimbabwe from the global lending body, officials said on Wednesday. iafrica.com

Cameroon-Canada - Commercial Cooperation Reinforced

Delegates of Cameroonian and Canadian businesses began meeting in Yaounde to identify areas on which to deepen commercial cooperation. Organised by the Table-Montréal-Afrique (TMA) Non Governmental Organisation in collaboration with the Cameroonian government, the forum which started yesterday is expected to bring together over 400 businesses from both countries. Cameroon Tribune / http://allafrica.com

Botswana: Nation to Earn $1 Billion from Mmamabula Power Export

Botswana Power Corporation (BPC) Chief Executive Officer, John Kaluzi has said that Botswana will generate US$ 1 billion per annum from exporting power to South Africa. The Voice / http://allafrica.com

Gold Fields-Sino align to tap China

South Africa's Gold Fields and its fellow mining giant Sino Gold announced a tie-up on Thursday designed to finance further explorations for vast untapped gold reserves in China. iafrica.com

Uganda: U.S. Company to Promote Ugandan Cotton Exports

Over 12,000 farmers are set to benefit from a new partnership between the United States Agency for International Development and Dunavant Uganda Ltd to boost cotton growing in the country. The Monitor / http://allafrica.com

Coega signs R20-billion deal

A R20-billion deal to construct an aluminium smelter at Coega outside Port Elizabeth in the Eastern Cape was signed on Friday. iafrica.com

Kenya: Kenya Signs Undersea Cable Pact

Kenya has entered into partnership with global telecommunications service provider Etisalat to lay the proposed $110 million (Sh7.9 billion) undersea fibre optic cable, popularly known as The East African Marine Systems (Teams). The East African Standard / http://allafrica.com

South Africa: Companies Look Abroad Increasingly for Funding

South African companies are expected increasingly to look internationally for investors to take up their asset-backed debt as demand from local investors cannot meet a rapidly growing supply, says global ratings agency Standard & Poor's (S&P). Business Day / http://allafrica.com