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Russians Arrive on South Africa's Luxury Real Estate Market

By Kristen Blyth

CAPE TOWN, South Africa, August 12, 2014 (TMT) -- Nestled incongruously in the hill overlooking a sheltered cove, dusted with white sands and lined on three sides by mountain peaks, looms a 20th-century castle.

Rimmed with turrets and punctuated by a high central tower, the edifice is a replica of the Lichtenstein Castle, a historic neo-Gothic fortress built on a cliff in southern Germany in the mid-1800s.

Read more... Tuesday, 12 August 2014 17:05
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Ethiopia Requests Indian Banks to Boost Investment


ADDIS ABABA, Ethiopia, July 18, 2014 (ERTA) --- The Ethiopian government has requested the State Bank of India (SBI) to open a representative office and engage with the country's financial sector.

"Previously the Ethiopian government tried to support (investment funds) by availing investment finance with 70:30 ratio - 70 percent loan and 30 percent equity," Ethiopia's Industry Minister, Ahmed Abetew said.

Read more... Friday, 18 July 2014 08:43
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Africa: Promoting Trade Integration in Africa

By Raheem Akingbolu

ABUJA, Nigeria, July 17, 2014 (This Day) --- In the quest to promote intra-regional trade within the West and Central Africa sub-region, Nigeria Export-Import Bank (NEXIM) has entered a partnership with Sealink Promotion Limited to ease transportation of cargoes and reduce logistic cost.

Read more... Thursday, 17 July 2014 08:45
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World Bank Group Sets Historic Record in Africa

MONROVIA, Liberia, July 10, 2014 (World Bank Report) --- The World Bank Group committed a record-breaking $15.3 billion to Sub Saharan Africa's development in fiscal year 2014 (July 2013 to June 2014), supporting shared prosperity in the region and focusing on increased efforts to reduce poverty, according to a press release issued in Monrovia.

Read more... Thursday, 10 July 2014 08:30
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Rise of Africa Opens Up New Opportunities

KAMPALA, Uganda, June 29, 2014 (EAB) — Africa is currently home to seven of the 10 fastest growing economies in the world. According to Sumesh Rahavendra, Head of Marketing for DHL Express SSA, while the growing interest from global parties is beneficial for much-needed foreign investment, local businesses should also be encouraged to capitalize on the continent's increasing economic growth.

Read more... Sunday, 29 June 2014 08:18
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FG Woos More Foreign Investors to Nigeria


LONDON, June 27, 2014 (This Day) -- The federal government has stepped its desire to bring more investments into the country as its reiterated its call on more foreign investors to invest in the various sectors of the Nigerian economy.

Minister of Trade, Industry and Investments, Dr. Olusegun Aganga made the call in London, United Kingdom at a seminar on "Business in Nigeria" organised by the Financial Times of London and the Nigeria Customs Service (NCS).

Read more... Friday, 27 June 2014 08:14

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