The United Nations World Tourism Organization (UNWTO) has approved new community-based initiatives for Zimbabwe
Finance
Sanofi to invest US$95 million in new Algeria project
Sanofi has outlined plans to invest US$95mn to build a third plant in Algeria which is also expected to be its largest in the African continent
South Africa’s Penumbra mine to see increase in production
Continental Coal has plans to increase production capacity at its Penumbra mine in South Africa to 63,000 tonnes per month by November 2013
AfDB extends funds for Mauritius Commercial Bank
The African Development Bank (AfDB) has approved funds worth US$120mn multi-sector line of credit (LOC) and US$30mn subordinated debt to the Mauritius Commercial Bank (MCB)
British American Tobacco certified as outstanding employer again
Multinational tobacco group, British American Tobacco, has been named as top employer in Africa for 2014