Microsoft founder, business magnate and philanthropist Bill Gates. (Image source: World Economic Forum/Flickr)
Bill Gates and a US investors’ group have announced plans to buy a US$1bn stake in Egyptian company Orascom Construction Industries
Finance
IITFC grants US$265 million loan to Egyptian oil firm
The International Islamic Trade Finance Corporation (IITFC), a branch of the Islamic Development Bank, has provided funds worth US$265mn to Egyptian General Petroleum Corporation (EGPC)
ZCCM-IH announces operating profit for 2011
ZCCM - IHs executive chairman noted that high commodity prices impacted positively on the revenue of most of the groups subsidiaries. (Image source: BlueSalo)
Zambia Consolidated Copper Mines Investments has disclosed an operating profit of US$100.7mn in 2011 from 8.9mn in 2010 as a result of a favourable economic environment and high commodity prices
World Bank projects five per cent growth for Kenya's economy
A new report entitled Kenya Economic Update projects that the countrys economy has the potential to achieve a five per cent growth rate next year. (Image source: ollipitkanen)
Kenya’s economy will grow at an average of four per cent and attain a strength of five per cent subject to the outcome of the March 2013 election, the World Bank has stated in a new report
Global hotel chains invest millions in Kenya’s hospitality industry
International hotel chains are investing millions of dollars in Kenya and the wider East African region to cash in on the expanding hospitality industry
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