Business
Diplomat warns of Canada’s ‘fading chance’ in Africa
The woman who became the face of African diplomacy in nearly nine years in Ottawa is leaving with a warning: time is flying in Africa. Juliette Bonkoungou says the continent wants Canadians to come for business, but it wants political respect, too.
Burkina Faso’s ambassador was the spokeswoman in 2009 when 18 African ambassadors made an unusual public...
Ghana’s Oil Potential Unknown and Growing
All that Glitters is not gold, they say. In the case of Ghana, it is gold, cocoa, relative institutional strength and newly discovered oil wealth.
The country has raced to put in place an adequate legislative framework to guard against official abuses and ensure long term benefit for the country. The Petroleum Revenues Management Bill is particularly...
Nigeria, Cameroon and Sierra Leone in fishing projects
FREETOWN — Three West and Central African countries on Saturday agreed to implement two competitive projects on fisheries and aquaculture for a three-year period starting from January 2012.
After meeting for three days in the Sierra Leonean capital, 40 representatives from the National Agricultural Research Systems agreed on “poverty eradication...
RIM launches BlackBerry Bold 9900 in Nigeria
Research In Motion (RIM) announced the launch of the new BlackBerry Bold 9900 in Nigeria. The smartphone will be available through Airtel, Globacom, Etisalat and MTN Nigeria. The BlackBerry Bold 9900 is the thinnest BlackBerry smartphone yet, at 10.5mm, and runs the new BlackBerry 7 operating system. It is also the first BlackBerry smartphone to include...
Gold: good for Mali and Papua New Guinea
The latest gold rush is on. And among its biggest beneficiaries are emerging market economies with big gold mining sectors. As the table below shows, the countries where the gold industry makes the largest contribution to GDP are not established mega-producers such as South Africa but smaller countries headed by Papua New Guinea and Mali.
The table...
Poor legal frameworks block African renewable energy plans
LAGOS, Nigeria, July 6 (UPI) — Poor legal frameworks, issues of governance and inadequate safeguards for investors are hindering growth in Africa’s renewable energy sector, despite perceived huge potential in the region.
Investors from Asia, the Middle East, Europe and North America are lining up to tap Africa’s lucrative renewable...
Bharti Airtel ups Nigeria investment to $1 billion
Indian operator adds hundreds of millions of dollars to its investment plan to reach rural users.
Bharti Airtel will spend $1 billion on expanding its network and upgrading facilities in Nigeria this year, a significantly larger sum than it had originally planned, it emerged on Monday.
The Indian operator has had to boost investment in the market in...
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