Bullish mood as Africa takes stage

The annual World Economic Forum on Africa opening in Cape Town on Wednesday will take stock of Africa's strongest growth in three decades and the impact of China and India on the continent. iAfrica.com

Chinese investment good - Mbeki

Africa will benefit from a push by China to invest in the continent but both sides need to "discuss and define" their relationship, President Thabo Mbeki has told a British newspaper. iAfrica.com

India and China 'to boost Africa'

French-based economic think-tank the OECD says booming economies in India and China can help Africa. BBC

China to Share Farming Expertise With Poorer Nations

At least 3,000 Chinese scientists will spend three years working in rural communities in developing countries to help improve their food security. SciDev.Net / http://allafrica.com

Promising Economic Outlook and Democratic Strides Seen for 30 African Countries

In a promising assessment of Africa's economic health, a new report says economic activity rose five percent during 2005 and is projected to reach 6 percent in 2006 and 2007. The report was issued this week by the African Development Bank (ADB) and the Organization for Economic Cooperation and Development (OECD). allAfrica.com / http://allafrica.com

Africa 'must up corruption fight'

Africa needs to "go on the offensive" against corruption, says the head of the African Development Bank. BBC

SA GDP growth 'to jump to 4.2%'

South Africa's economy is expected to have grown rto 4.2 percent on a quarter-on-quarter seasonally adjusted annualised basis during the first quarter of 2006 — a big jump from the 3.3 percent quarter-on-quarter recorded in the final quarter of last year.  iAfrica.com

Mozambique: Mozambique a Model of Success – OECD

The Organisation for Economic Co-Operation and Development (OECD) has hailed Mozambique as "a model of successful post-conflict transition" and praised the country's president, Armando Guebuza, for focussing attention on poverty reduction, the improvement of justice and policing, and the eradication of corruption. Agencia de Informacao de Mocambique / http://allafrirca.com

Nigeria: 36m Nigerians to Own Mobile Phones Next Year – Study

A technology research firm has predicted in Lagos that about 36m Nigerians will own mobile phones by 2007. This Day / http://allafrica.com

Kenya: Economy Booms As Growth Sets 10-Year Record

Kenya is enjoying a mini-boom - and that's official! The economy grew by 5.8 per cent last year, a performance not seen in the past 10 years. The Nation / http://allafrica.com

Angola: Angola Registers Highest Economic Growth

A high economic growth of 20,6 percent was registered in 2006 in the national economy, being the country's highest to date, since achieving independence 30 years ago. Angola Press Agency / http://allafrica.com

Tanzania: Govt Cuts Growth Forecast

Tanzania has cut its growth forecast because of drought, the central bank said in its quarterly review. The bank originally predicted growth of 7.2 percent for 2006, but the drought has resulted in massive losses in the agriculture sector and a shortage of hydroelectric power. The bank has revised the figure down to 5.8 percent. Business in Africa / http://allafrica.com

South Africa: Red Tape is Strangling Business And Skills Growth in SA -- And Worsening

South African business is wrapped up in rules, regulations and bureaucracy, say business consultants and economists. Business Day / http://allafrica.com

Uganda: 'Exchange Rate is Top Barrier to Investment'

A survey done by the Uganda Investment Authority places exchange rate as constraint number one to investors in the country. The Monitor / http://allafrica.com

East Africa: EAC in Road Repair Plan to Boost Regional Trade

The East African Community (EAC) will coordinate the repair of the main roads connecting member countries to attract more investment. The Nation / http://allafrica.com

South Africa: Botswana, De Beers Sign New Diamond Deal

The world's largest diamond mining group, De Beers, and the government of the world's largest diamondproducing country, Botswana, yesterday signed a suite of historic deals. Business Day / http://allafrica.com

Nigeria: Court Overturns Gas Flaring Ruling Against Shell

The Court of Appeal in Benin yesterday overturned the order of the Federal High Court in Benin, summoning several Federal officials to appear before it on May 31 over gas flaring in Iwrekan Community in Ughelli South Local Council area of Delta State. This Day / http://allafrica.com

South Africa: Microsoft SA to Take On Big Training Plan

Microsoft SA is planning an ambitious training campaign to put between 3000 and 5000 graduates through a technology internship next year.  Business Day / http://allafrica.com

SAA wins top award

South African Airways (SAA) has been voted the Best Airline Based in Africa at the Official Airline of the Year Awards held in the UK. iAfrica.com

SAA will pay R55m for price fixing

National air carrier South African Airlines has agreed to pay R55-million in administrative penalties for fixing prices and fuel levy charges on flight packets.  iAfrica.com