Standard Chartered will attempt to consolidate its position in Africa by investing US$100mn into its operations across the continent by 2015
Finance
US$97 billion earmarked for South African infrastructure
South African president, Jacob Zuma, has announced a US$97 billion, three-year building programme that will see roads, ports and access to utilities upgraded and coal and other mineral deposits exploited more effectively
IMF expresses faith in Mozambique’s economic policies
The International Monetary Fund (IMF) has expressed faith in Mozambiques economic policy and said that the country’s economy is currently in a good shape
PPC pursuing four African ventures
Pretoria Portland Cement (PPC) will pursue four new opportunities in African countries in an attempt to increase its revenue generation beyond South Africa
Barclays Zimbabwe launches fraud monitoring system
Barclays Bank of Zimbabwe Ltd has introduced automated fraud detection and monitoring systems for international and local debit cards, according to the company’s managing director, George Guvamatanga