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
Finance
Sub-Saharan Africa set to grow at 5.3 per cent in 2014, says World Bank
Sub-Saharan Africa’s economic growth may increase to 5.3 per cent next year, with steady private and public investment underpinning the region’s robust performance, according to a World Bank report
ADF’s partial risk guarantee for Lake Turkana project
The first of the African Development Fund’s Partial Risk Guarantees (ADF PRG), the Lake Turkana Transmission Line Delay Partial Risk Guarantee, has been approved for US$27mn
Botswana named 'most prosperous country in Africa'
Botswana has been ranked as the most prosperous economy in Africa for the second year in a row in the 2013 Legatum Institute Prosperity Index
Aspen Pharmacare to buy GSK’s drug brand for US$1.13 billion
South African generic drug maker Aspen Pharmacare will buy GlaxoSmithKline’s (GSK) blood-clotting thrombosis drug brands and its manufacturing factory for US$1.13bn