US President Barack Obama has joined a host of international figures in offering his condolences to Ethiopia after the death of the country’s Prime Minister on Monday
Economy
China claims its investment in Uganda is worth US$596 million
Chinese ambassador to Uganda, Zhao Yali, has said that Chinese investment in the country was currently worth US$596mn
IFC to push funds into Africa's energy and transport industries
The International Finance Corporation (IFC) has announced that it will offer US$4.3bn to Africas energy and transport sectors
US$97 billion earmarked for South African infrastructure
South African president, Jacob Zuma, has announced a US$97 billion, three-year building programme that will see roads, ports and access to utilities upgraded and coal and other mineral deposits exploited more effectively
IMF expresses faith in Mozambique’s economic policies
The International Monetary Fund (IMF) has expressed faith in Mozambiques economic policy and said that the country’s economy is currently in a good shape