Democratic Republic News
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Democratic Republic of Congo’s army fired mortars and used helicopter gunships against rebel targets near the eastern city of Goma for a second day, spokesmen for the rebels and the United Nations said.
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The Forest Stewardship Council ended its contracts with Danzer Group after accusations that the Swiss wood-processing company’s former subsidiary engaged in human- rights abuses in the Democratic Republic of Congo.
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Tanzania plans to boost cargo volumes by 80 percent over the next two years at the Dar es Salaam Port by adding railway links and upgrading facilities to improve efficiency, Transport Minister Harrison Mwakyembe said.
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Deogratias Mutombo Mwana Nyembo, who became Democratic Republic of Congo’s central bank governor last week, may boost efforts to extend financial services to more of the country’s 70 million people, an industry group said.
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Vodacom Group Ltd., South Africa’s largest wireless operator, plans to begin operating in three additional countries by the end of 2014 as it seeks to bring data services and smartphones to new markets.
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M23 rebels and soldiers from the Democratic Republic of Congo’s army clashed today on the outskirts of Goma, the capital of North Kivu province, army spokesman Colonel Olivier Hamuli said.
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Vodacom Group Ltd., South Africa’s largest wireless operator, said full-year profit increased 23 percent as more of its customers bought smartphones, driving data service use amid a decline in its largest voice market.
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East African Breweries Ltd., Kenya’s best-performing stock over the past month, is poised to end a 29 percent rally that valued the nation’s biggest company at double that of the benchmark index, according to Contrarian Investing Kenya Ltd. and technical indicators.
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PPC Ltd., South Africa’s biggest cement maker, plans a new $200 million plant in Democratic Republic of Congo, a net importer of the material, as the company expands in sub-Saharan Africa.
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Eltel Networks Te AB, a Swedish power-transmission provider, said it will electrify an $8 billion refinery project in Angola as the southwest African country seeks to cut fuel imports following a 27-year civil war.
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