African Business News

Africa: Mozambican Wins Prestigious Vaccine Innovation Award

Sixty-four-year-old Margarida Matsinhe has won the 2013 Gates Vaccine Innovation Award for her “instrumental” work in overhauling the vaccine system in her native Mozambique.

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India-Africa business conclave starts

With booming two-way trade, investment deals worth billions of dollars are likely to be discussed at the three-day India-Africa project partnership conclave that starts in India, organisers said.

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India, Africa expect $90-bn trade by 2015

Both India and Africa have decided to strongly raise the bilateral trade to $90 billion by 2015 since both the sides deliberated on the potential deals.

The South Asian nation is aiming to strengthen its trade and diplomatic relations withAfrica where China has made important inroads by inking various deals, developing infrastructure projects and providing soft loans.

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Buseruka dam to supply power to 1,000 homes

The days of load shedding electricity are increasingly getting numbered, following the addition of 9 megawatts to the national grid by Hydromax Ltd, a renewable energy firm. President Museveni is expected to officially launch the project today Friday in Buseruka, Hoima district.

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