Deadlock Broken in Trade Talks With EU

The deadlock in talks between the European Union and 16 African countries was broken yesterday after both sides reached agreement on development.  The Nation / http://allafrica.com

Africa Left Behind in Development – EC Trade Commissioner

Africa has not developed for the past 40 years despite receiving foreign aid and grants from donors.  "African Governments must learn to be transparent and predictable and establish rules that can be enforced otherwise the whole issue on aid will be a waste of time," the European Commission Director-General for Trade, Mr Peter Thomson, said.  The East African Standard / http://allafrica.com

Tourism - A Key Resource for Sustainable Economic and Social Development

"Tourism Enriches" was at the centre of the UNWTO Think Tank hosted by Portuguese Secretary of State for Tourism, Bernardo Trindade, on the occasion of the United Nations´ World Tourism Day. Officials, experts and entrepreneurs from Europe, the Americas and the Middle East gathered in Lisbon to discuss the opportunities and challenges for tourism as a leading socio economic driver.  United Nations World Tourism Organisation Press Release / http://allafrica.com

Rwanda: WB Lauds Rwanda's Success

The World Bank (WB) has praised Rwanda as a success model among other countries emerging out of conflicts. According to a World Bank recent release, Rwanda has been riddled by a series of violent conflicts but has steadily developed into a model developing country. The New Times / http://allafrica.com

Nigeria: Fear of Production Cut Raises Oil Price

The price of crude oil began a new upward movement yesterday, rising above $63, on concerns that members of the Organisation of Petroleum Exporting Countries (OPEC), have informally agreed to cut production output to halt a 20 percent slide in prices over the past two months.  This Day / http://allafrica.com

South Africa: More bad inflation news

The country's PPI rose by 9.2 percent year-on-year in August from an 8.1 percent year-on-year increase in July, Statistics South Africa (Stats SA) said on Thursday. The PPI rose 1.5 percent on a monthly basis after July's monthly rise of 1.7 percent.  iAfrica.com

Tanzania: Business Community Sheds Tears Over "Load Shedding"

The on going power cuts and rationing that now seem to be a permanent feature are not only affecting production at places of work but are likely to totally ruin the local economy.  Arusha Times / http://allafrica.com

SA needs 'one-stop shop' for business

South Africa lacks an effective "one-stop shop" for enterprise development, which needs to be urgently addressed to help job creation, the Democratic Alliance said on Thursday. iAfrica.com

Warning sounded on SA's growth plan

Experts have warned that South Africa's economic growth plan may not be feasible, Business Report wrote on Tuesday. iAfrica.com

South Africa - Chinese quotas 'illogical' - Tito

Import quotas on Chinese textiles were illogical, made no economic sense and could backfire, SA Reserve Bank Governor Tito Mboweni warned on Friday. iAfrica.com

SA to release mining tax bill - report

South Africa's Finance Minister Trevor Manuel will present the second draft of a proposed tax on mining companies' sales by February, Business Report said, citing Manuel.  Mining Weekly / Google News

SA crime 'deters foreign firms'

South Africa's high levels of crime are continuing to deter foreign investors, a business group warns. BBC

Angola: Country Intends to Diversify Direct Chinese Investment

Angola plans to diversify and increase the Chinese direct investment in the country, as informed in Macau, China, the Angolan deputy minister of Foreign Affairs for Co-operation, Irene Neto.  Angola Press Agency / http://allafrica.com

Uganda: Museveni Warns On Investors

President Yoweri Museveni has warned civil servants to stop frustrating and obstructing investors. New Vision / http://allafrica.com

East Africa: Celtel Scraps Roaming Charges for EA Users

Africa's third-biggest mobile firm, Celtel, scrapped roaming charges in Kenya, Uganda and Tanzania, saying it was the first such move worldwide. The East African Standard / http://allafrica.com

Ethiopia: Country Wins African Airline of the Year 2006 Award

Ethiopian Airlines has been chosen 'African Airline of the Year 2006' by the African Aviation Journal. The key criteria for Ethiopian Airlines to have won the African Aviation Award include its financial performance and overall profitability, passenger growth, route network expansion, fleet modernization, in-flight services, and overall customer care.  The Reporter / http://allafrica.com

Zimbabwe: CBZ Takes Over Beverley in Smart £3,5 Million Coup

Banking giant CBZ Holdings has taken over Beverley Building Society for £3,5 million in a major coup marking the beginning of the institution's conquest in the money-spinning financial services sector.  Zimbabwe Independent / http://allafrica.com

Standard talking to Nigerian bank

Standard Bank disclosed on Wednesday that it has entered into discussions with IBTC Chartered Bank in Nigeria in respect of a proposed merger of IBTC Chartered Bank and Stanbic Bank Nigeria and Standard Bank acquiring a controlling interest in the combined entity. iAfrica.com

Celtel Sinks $700 Million Into Nigeria Operations

Pan African telecommunications group, Celtel International is sinking over US$700 million (about Ush1.29 trillion) into its Nigeria operations. East African Business Week / http://allafrica.com

Diageo publishes fourth corporate citizenship report

The document covers the company's social and environmental impacts as well as its response to stakeholder concerns on a wide range of issues such as responsible drinking, community investment, environmental management and its economic contribution. Diageo