Finance

The corporate Finnish presence in South Africa

A initiative of the Finnish government, This is Finland (thisisfinland.fi) promotes "things you should and shouldnt know" about the Finnish nation and its reach across the world

Sub-Saharan Africa set to grow at 5.3 per cent in 2014, says World Bank

Public and private investment underpin the regions expected growth. (Image source: sxc.hu)

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 Lake Turkana Transmission Line Delay Partial Risk Guarantee will be used to alleviate the risk for the construction of a 428km publicly owned transmission line between Loyangalani and Suswa. (Image source: wfeiden/Flickr)

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'

The Parliament of Botswana, the country that has been ranked as the most prosperous economy in Africa by the Legatum Institute. (Image source: Wikimedia commons)

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

Aspen Pharmacare will purchase the Arixtra and Fraxiparine blood clotting dug brands of GSK. (Image source: Maxwell Hamilton/Flickr)

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