The Ugandan government has refuted reports from Oxfam International that it is working with UK-based global company New Forests Company (NFC) on land grabs for investments of commercial forest plantations
Finance
US$40 million AfDB fund supports Malawian budget
Malawi has obtained a US$40 million grant from the African Development Fund to help support its economy. (Image source: Travis Lupick)
Malawi has been granted approximately US$40 million by The African Development Fund (ADF), part of the African Development Bank (AfDB), to cushion vulnerable groups from the negative impacts of recent economic reforms
China offers US$20 billion in loans to Africa
Chinese President Hu Jintao greets Equatorial Guinea President Obiang Nguema Mbasogo at an event in Shanghai. (Image source: Embassy of Equatorial Guinea)
China has offered US$20 billion in loans to African countries over the next three years
FNB makes banking available on Facebook
FNB customers will be able to check balances, purchase products, and view Lotto results using Facebook. (flowcomm/Flickr)
South Africas First National Bank (FNB) has introduced banking via social networking site Facebook
New mining fund committed to investing in Africa soon
The fund invests in projects at early exploration stages across Africa. (Image source: NitinKirloskar/Flickr)
The second New Africa Mining Fund (NAMF II) has said it will make its first investment in the African mining sector within three months
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