With nearly one-third of economies across sub-Sahara Africa growing at a rate of more than six per cent this year, African Union leaders have been pushing to diversify investments in pursuit of a continent-wide free trade zone by 2017
Finance
Ecobank opens first office in Ethiopia
Pan-African bank Ecobank Transnational Incorporated (ETI) has set-up its first branch in Ethiopias capital city Addis Ababa
AECOM Technology wins US$30 million contract in South Africa
AECOM Technology has won a three-year contract worth US$30mn from South Africa’s Transnet to provide engineering, procurement, construction management (EPCM) and project-close-out services for up to 15 infrastructure projects in South Africa
Cardiome Pharma names Algorithm as North African distributor for investigational drug
US-based Cardiome Pharma has named Lebanons Algorithm as the exclusive seller and distributor for its intravenous investigational drug BRINAVESS, in certain parts of North Africa and the Middle East
Nigeria cuts registration fees for new businesses by 50 per cent
Nigeria has slashed registration costs by 50 per cent for new businesses with an equity investment of US$3.11mn to encourage small companies and foreign investments to the country