Zimbabwe has received a US$23mn Chinese grant to finance infrastructure developments in rural areas, as well as the construction of schools and clinics
Finance
Central Bank of Nigeria adopts SWIFT infrastructure
The Central Bank of Nigeria’s high value payment system has gone live on SWIFT
Investment in Equatorial Guinea ‘poses low risk’
Infrastructure, political stability, financial controls and non-discriminatory treatment of investors are the advantages for investment in Equatorial Guinea, according to experts
US insurance firm gets nod to establish centre in Morocco
American International Group (AIG), one of the largest underwriter of commercial and industrial insurance in the US, has received approval for the establishment of a servicing office in Morocco
Hospitality sector in East Africa sees a boom with tourism expansion and oil discoveries
South African hotel chain Protea Hotels has announced plans to develop five new properties in East Africa to tap into the expanding tourism and oil sectors