Archive In BusinessRead the latest news for Business in Africa

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  Energy

  Camac Terminates Contract With Drilling Company Over Breach. VENTURES–AFRICA – Camac Energy, which is listed in New York and Johannesburg, said on Monday it had terminated its contract with Northern Offshore International Drilling Company for the drillship Energy Searcher.
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  Logistics & Transportation

  S’Africa’s Grindrod Sinks $500m Into Zambian Rail Project. South African based Grindrod Limited Group, which recently partnered Zambia’s North Western Rail Limited to construct a 580km railway line has poured $500 million into the first phase of the rail project worth $1 billion.
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  Energy

  Egypt Finalizes LNG Supply Deal With Gazprom. Egypt will conclude a deal that will see Russian energy giant, Gazprom, supplying the North African country with liquefied natural gas (LNG) shipments later this month, it emerged on Monday.
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  Economic Development & Policies

  Tunisia Joins The Bond-Wagon; To Issue $1.75bn Bonds, Sukuks in 2015. Tunisia has announced today that it will issue $1.75 billion of dollar-denominated bonds and Islamic sukuks in 2015 as it seeks funds to revive economic growth.
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  Energy

  Africa Gets Largest Privately Funded Renewable Energy Company. href=”www.access-power.com”>Access Power MEA, a power project developer focused on the Middle East and Africa have teamed up with EREN, a renewable energy firm, to form Access Infra Africa (AIA), an investment vehicle that will be dedicated to...
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  Economic Development & Policies

  ‘Rebuild Fiscal Buffers,’ World Bank Urges Developing Economies. In its most recent edition of Global Economic Prospects, the World Bank has flagged the rebuilding of fiscal buffers as a sustainable solution for current economic concerns bordering around weaker export prospects, an impending rise...
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  Finance

  Five Steps To Bagging Your Next Bank Loan. Bank loans have become a huge necessity for many reasons. If building a business is your objective, you already know that cash flow is the lifeblood of business.
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  AgriBusiness

  How Tobacco Continues To Remain Zimbabwe’s King Crop. Zimbabwe has been on an upward course away from economic despondence drawing on all of the resources and strategic alliances it can forge; in this new phase of the southern African country’s development, Tobacco is...
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  Economic Development & Policies

  These Four Sectors Will Determine Uganda’s Growth In 2015. economy of Uganda, a tourist attraction and significant player in the East African Community (EAC), has been tipped for a 5 to 5.5 percent growth in the 2014/2015 financial year.
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  Logistics & Transportation

  Workers’ Strike Shuts Down Zambia-Tanzania Copper Railway. both regions of Tanzania and Zambia, demanding five months of unpaid salaries, have halted the cross-border operations of the railway between Zambia and Tanzania used to export copper from Africa’s two biggest producers.