A relentless deceleration in the economies of the developing world will cause global growth to slow this year and only pick up a bit more pace in 2016, the head of the International Monetary Fund said on Wednesday. In a speech that previewed a report on global growth due next month, IMF Managing Director Christine Lagarde held back from…
Analysis turns tables on “ticking time bomb” narrative to reveal world’s largest youth population is as important to African agriculture as seeds and soil LUSAKA, ZAMBIA (2nd October 2015)—A hard-hittingg report released today warns Africa will neither solve its chronic food shortages nor its urgent employment challenges without an immediate, aggressive effort to address the series of problems…
The 1,900 km Sonangol Offshore Optical Cable (SOOC) will be developed by Alcatel-Lucent Submarine Networks Paris, France, September 30, 2015 — Alcatel-Lucent Submarine Networks, the undersea cables subsidiary of Alcatel-Lucent (Euronext and NYSE: ALU), has been awarded the development of the Sonangol Offshore Optical Cable (SOOC), a critical infrastructure project which will dramatically reduce the cost-per-bit associated with…
One of the largest SACCOS in the private sector plans to construct a 15-storey office complex right across Safaricom headquarters Nairobi, Kenya 30th September, 2015 – Safaricom Sacco- one of fastest growing private sector SACCOs in Kenya –has issued new shares seeking Ksh1 Billion to fund strategic expansion. It also plans to construct a proposed 15-storey office complex opposite…
Daphne Mashile Nkosi, Strive Masiyiwa, Helen Hai and Mohammed Dewji are among the top business leaders who were recognised at the 2015 African Business Awards held tonight at the Four Seasons Hotel in New York, on the sidelines of the UN General Assembly. The Awards, organised by African Business magazine, also commended leading businesses including Dangote Cement, Guaranty Trust…
Institute of customer Service ranks NBK service best from a customer satisfaction poll Nairobi Kenya, Tuesday, 29th September, 2015 – National Bank of Kenya ( NSE: NBK) has announced receiving this year’s “Best Bank in Customer Service” award from the Institute of Customer Service (ICS) – Kenya. This win represents the best performance ever recorded by National Bank of Kenya in this…
Head of Multi-billion Climate Investment Funds (CIF) says SDGs and Climate Week send a loud and clear message With the Sustainable Development Goals now adopted and Climate Week drawing to a close in New York, Mafalda Duarte, Program Manager of the Climate Investment Funds says the activity and impetus around climate and development sends “a loud and clear message”…
Applications NOW being accepted until September 7, 2015 JOHANNESBURG, South Africa, August 31, 2015/— The deadline for applying for the 2015 ONE Africa Award has been extended until midnight Monday, September 7, 2015. Africa-led, Africa-driven organizations now have an additional week to submit their applications for consideration for the Award. The Award honors outstanding contributions by African…
Swala Oil & Gas (Tanzania) plc (‘Swala’ or ‘the Company’) declared yesterday that the Ministry of Energy and Mining (MEM) has agreed to extend the period within which an exploration well must be drilled in each of the Kilosa-Kilombero and Pangani licences to the 20th February 2017. This one-year extension is to be deducted from the 4-year additional…
Dar es salaam, August 31, 2015/- TANZANIA has signed a Memorandum of Understanding (MoU) with six Development Partners (DPs) on Health Basket Fund (HBF 2015-2025) worth 531bn/- with focus to improve and increase performance of the health sector in the country. The DPs are Canada, Denmark, Ireland, Switzerland, United Nations Children’s Fund (UNICEF) and the United Nations Population Fund…