Zimbabwean hotel group, Cresta Hospitality, said Wedne sday it planned to invest US$ 300 million in hotels in several African countries in the next few years. Francis Ngwenya, a director of the hotel group, said some investment
West Africa's financial giants, Ecobank Group, have made a formal entry into the Kenyan financial market with the purchase of a 75 per c e nt stake in local finance institution, the East Africa Building Society (EABS)
Italian oil company Eni has unveiled plans to increase by 30% its oil production in Congo, now estimated at 85,000 barrels a day."We are planning to increase significantly our production by at least 30% in the next four years,"
Investors staked a total of 11.4 billion naira on 696.7 million shares in 21,016 deals at the close of trading on the floor of Nigerian S tock Exchange (NSE) Wednesday. The Investors Tuesday placed 8.63 billion naira
Kenya's largest financial service providers, CFC Bank and its subsidiaries, is on course to concluding a merger with South Africa's Stanbic Bank, which will make the bank the fourth largest financial institution in Kenya.
Mauritius' leading bank, the Mauritius Commercial Bank (MCB), has opened a branch in Male, in the Maldives, an official source here told PANA Wednesday.This is the 78th branch of the bank and also the fifth foreign commercial bank
With the focus on the need to strengthen the South Africa's rail infrastructure for the 2010 World Cup and to create new tourism opportunities, the Provincial Roads and Transport Department will host the Eastern Cape Rail Conference in Port Elizabeth Tuesday.
Nigeria's President Umaru Yar'Adua said Nigeria had made efforts to put in place necessary measures to ensure airport security and air safety in the country.Receiving a delegation of the International Civil Aviation Organisation (ICAO)
Mrs. El Bakri, African Development Bank's deputy president in charge of sectoral operations, budget support, decentralisation, good governance, education, health and the agricultural sector was scheduled to arrive in DR Congo Tuesday (22April).