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news round-up
7 april 2006

 

pan-African news

Africa's star performers may see faster growth - IFC

Growth in some of Africa's best-performing economies may accelerate further in the next few years, reaching 8-10 percent on a sustainable annual basis, a leading international economist said on Monday. Reuters

Trevor Manuel to serve World Bank

Finance Minister Trevor Manuel has been appointed to serve on the World Bank's new Commission on Growth and Development, his ministry said on Wednesday. iAfrica.com

Nigeria: At Clinton Global Initiative, President Obasanjo Speaks Against Poverty, Disease

President Olusegun Obasanjo has made a case for globalisation with a human face. Nigeria First / http://allafrica.com

regional and country news

'SA a role model to Africa'

South Africa is a role model for Africa and against the background of widespread instability in Africa, South Africa has plotted its own course to relative stability, democracy and prosperity. iAfrica.com

SA business 'most upbeat ever'

Business confidence for the first quarter of 2006 is the highest ever recorded, according to the South African Chamber of Business’ (Sacob) Business Confidence Index (BCI). iAfrica.com

South Africa: Inward investment booms

During 2005, inward investment into South Africa was greater than the previous five years combined. Moneyweb

Bid to halt Niger Delta violence

Nigerian President Olusegun Obasanjo sets up a committee to tackle violence in the oil producing Niger Delta. BBC

East Africa: Presidents Endorse Common Market Plan

The heads of state of the East African Community (EAC) have approved a timetable for the formation of a common market to facilitate the political federation of the region. New Vision / http://allafrica.com

West Africa: Youth Unemployment a 'Ticking Bomb' for Security - UN Study

Increasing levels of youth unemployment in impoverished West Africa, where almost three quarters of the population is under 30, poses a serious threat to the security and stability of the whole region, the United Nations Special Representative for the area warned today, highlighting the findings of a UN study looking at ways to diffuse this "ticking bomb." UN News Service / http://allafrica.com

France invests R2bn in SA

France will commit around R2-billion (€350-million) to South Africa for development in infrastructure, productivity and environment and energy, French Minister for Co-operation and Development Brigitte Girardin said on Tuesday. iAfrica.com

Uganda: Country Drops in Global ICT Ranking

Uganda has dropped by two places in the latest Global Information Technology rankings released by the Geneva based World Economic Forum. The Monitor / http://allafrica.com

Uganda: Duopoly No Longer Sustainable in the Vibrant Telecoms Industry

Even with the widespread poverty and an economy enfeebled by corruption and general mismanagement, there's one sector that has appeared to defy the odds, booming amidst a general malaise and injecting immeasurable momentum into the nation's dogged development efforts--the telecommunications sector. The Monitor / http://allafrica.com

company news

Uganda: Nile Breweries is Best 2005 Employer

Nile Breweries Limited has for the second time been declared the overall Gold winner of the 5th Employer of the Year Awards 2005. The Monitor / http://allafrica.com

Kenya: KQ Wins Africa Award

Kenya Airways has for the fifth time scooped the African Airline Of The Year Award for 2005. A statement from the airline's Kampala office says the accolade was handed to Wilson Okanga, the airline's Government and Industry Affairs manager at a ceremony held in Casablana in Morocco on March 14. The Monitor / http://allafrica.com

South Africa: SA Firms Rank Among Big League

South African financial services companies have shot up the league table of global companies, with Standard Bank, Old Mutual and FirstRand featuring high on the Forbes Global 2000, which ranks companies according to their market value, turnover, profit and assets. Business Day / http://allafrica.com

De Beers to sell 26% of SA unit

Diamond giant De Beers finalises a deal to sell 26% of its South African unit to a new black-owned company. BBC

South Africa: Market Slaps Down Bold Telkom Growth Strategy

Telkom has unveiled a R30bn investment and acquisition strategy which will deliver a sophisticated broadband network within five years and establish the telecommunications group in three countries outside SA. Business Day / http://allafrica.com

Zambia: We Won't Pull Out, BAT Assures Shareholders

The British American Tobacco (BAT) Plc board has assured the company's shareholders that the company will not pull out of Zambia. The Post / http://allafrica.com

Tiger Brands goes drinks shopping

Food and pharmaceuticals group Tiger Brands has entered into an agreement to acquire Bromor Foods from Cadbury Schweppes for R1.16-billion, it said on Tuesday. iAfrica.com

KPMG to check up on BEE reform

KPMG is to conduct annual black economic empowerment surveys to determine the level of BEE transformation within business in South Africa, a KPMG associate director said on Friday. iAfrica.com

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