Ethiopia News
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Updated 35 minutes ago
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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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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PPC Ltd., South Africa’s biggest cement maker, said U.S. dollar-based operations outside its home market boosted revenue for the six months through March.
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The World Bank and African Development Bank will provide 80 percent of the funds needed for a $1.26 billion line that will take power to Kenya from Ethiopia.
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Sweden is now targeting Africa to revive trade as the Nordic region’s largest economy adjusts to a slump in demand from Europe.
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Tullow Oil Plc, the U.K. explorer that found Kenya’s first oil, plans to find more partners in Ghana’s TEN project, the Chief Executive Officer said.
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Djibouti is in talks with India, China, Brazil, Russia and Arab investors to finance infrastructure projects worth $5.9 billion, the head of the country’s ports authority said.
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The 19-year-old man accused of lying to federal investigators probing the role of his college friend Dzhokhar Tsarnaev in the Boston Marathon bombing was released on bail into the custody of his mother.
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South African wheat futures gained for a second day after the rand declined against the dollar, making imports more expensive and raising demand for locally produced cereal.
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Aliko Dangote, Africa’s wealthiest man, says he has negotiated loans of $4.25 billion from banks to build a refinery to help the continent’s largest crude oil producer reduce gasoline imports.
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