Europe blames US for WTO failure

EU Trade Commissioner Peter Mandelson has blamed the US for the collapse of the latest round of global trade talks. BBC

WTO credibility 'undermined'

Organised business regrets the breakdown of the World Trade Organisation (WTO) talks, Business Unity South Africa (Busa) said on Thursday. iAfrica.com

ICC Calls For Doha Round to Be Resumed as Quickly as Possible

The International Chamber of Commerce is extremely disappointed by the suspension of the Doha Round of multilateral trade negotiations announced by WTO Director-General Pascal Lamy yesterday. International Chamber of Commerce / http://allafrica.com

DFID 'doesn't understand business'

Members of Parliament will today accuse the Department for International Development of failing to understand how business works, despite claiming to put the private sector at the heart of its anti-poverty strategy. The Observer

Time for a New African Story to Be Told – Paul Walsh, Diageo

Average economic growth of more than five percent, record flows of foreign direct investment and stock markets that routinely outperform London, New York and Tokyo. This is Africa today. Compact Quarterly, Global Compact

Tackling Malaria Makes Good Business Sense – Report

Fighting malaria is good for business, governments and the community, highlights a report launched today entitled Business and Malaria: A Neglected Threat by the Global Health Initiative (GHI) of the World Economic Forum. The report, the largest, most comprehensive ever on the impact of malaria on business, states that Sub-Saharan African businesses are highly likely to be affected by malaria, with a staggering 72% reporting a current effect from malaria, and 39% reporting serious impacts to their business. World Economic Forum / http://allafrica.com

Fund to Boost Agriculture Research in Africa And Asia

The United Kingdom has launched a scheme to spur research into sustainable food production in Africa and Asia. SciDev.Net / http://allafrica.com

Food aid rethink 'is essential'

An Oxfam report has called for a radical overhaul of the way food aid is spent, in favour of boosting African farming communities. BBC

No more blood diamonds in Africa?

A new body to curb the misuse of African diamonds has been established, a Belgian consulting group and Nepad said on Monday. iAfrica.com

Nigeria: Remittances From Diaspora Hit $4 Billion

Minister of Foreign Affairs, Dr. Ngozi Okonjo-Iweala, yesterday said remittances to Nigeria from the Diaspora have hit over $4 billion. This Day / http://allafrica.com

South Africa: Inflation At 4.8 Percent Builds Pressure for Rate Hike

Consumer inflation climbed to 4,8% year on year last month, breaking through the midpoint of the target range for the first time since September last year, as food and fuel prices continued to escalate. Business Day / http://allafrica.com

Angola: Finance Minister Highlights Angola's Economic Growth

Angolan Finance minister, José Pedro de Morais, on Thursday in Luanda said tha Angola has one of the fastest growing economies in the world, with the estimated rate for this year reaching 20.6 percent, based on oil production increase and recovery of other economic sectors. Angola Press Agency / http://allafrica.com

Zambia: Invest More in Production, UN Urges LDCs

Poor countries like Zambia need to invest more in their productive capacities for them to sustainably reduce poverty, a United Nations Conference on Trade and Development (UNCTAD) report has indicated. The Post / http://allafrica.crom

Ethiopia: Assessment of Economic Growth And Poverty

Economic Growth Performance Over the Past Two Years Has Been Very Strong And Broad based, with the result that GDP per capita has finally caught up pre-Derg levels. The Reporter / http://allafrica.com

South Africa: Country's Businesses Scrambling for Africa

South African companies are at the forefront of a helter-skelter chase to secure a foothold in greater Africa, which is seen as the world's last remaining untapped market. Sunday Times / http://allafrica.com

SABMiller increases China stake

Global brewing giant SABMiller has extended its presence in China with the acquisition by its associate China Resources Snow Breweries of a 100 percent equity interest in Zhejiang Yinyan Brewery Company or Yinyan Brewery for a cash consideration of $42.3-million, the group said on Monday. iAfrica.com

Nestle invests R300m in SA

Nestle SA plans to invest a further R300-million in South Africa in the next three years, chairperson and managing director Yves Manghardt said on Wednesday. iAfrica.com

South Africa: Sasol boosts dairy farmers

The training of emerging dairy farmers in the eastern Free State's Qwa Qwa area got a cash boost from the oil and gas company Sasol on Wednesday. iAfrica.com

Rwanda: American Giant to Boost Rwandan Coffee

Foreign Exchange earnings from coffee exportation are set to swell after the entry into the scene of the US-based multi-business company, COSTCO Wholesale Corporation. The New Times / http://allafrica.com

SA's first bio-fuel plant detailed

A South African company on Tuesday unveiled plans for the continent's first billion-dollar factory to make bio-ethanol from maize, as Africa raced to find alternative energy sources in the facre of soaring oil prices. iAfrica.com