Bill Gates and a US investors’ group have announced plans to buy a US$1bn stake in Egyptian company Orascom Construction Industries
Business
ZCCM-IH announces operating profit for 2011
Zambia Consolidated Copper Mines Investments has disclosed an operating profit of US$100.7mn in 2011 from 8.9mn in 2010 as a result of a favourable economic environment and high commodity prices
Global hotel chains invest millions in Kenya’s hospitality industry
International hotel chains are investing millions of dollars in Kenya and the wider East African region to cash in on the expanding hospitality industry
African diasporan MBA students plan to return after graduation
A recent survey by Jacana Partners has revealed that 70 per cent of African diasporan MBA students from Western business schools said they would return to work in Africa after graduation
Africa becomes biggest exporter of Chinese medicine
Africa has become the largest export market for medicine manufactured by China and a rapidly evolving market for Chinese medical products, a senior medical official said