African Business News

$50m-Africa World Airline to take off September 21

Africa World Airline, a joint Venture between the Social Security and National Insurance Trust, the Strategic African Securities (ASA), both of Ghana, and Hainan Airlines of China, is set to take to the skies on September 21.

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Sri Lanka to expand diplomatic relations with Africa

Sri Lanka is expanding its diplomatic presence in Africa with plans to set up new missions in 15 countries, a move that comes after Colombo got support from African nations at the UN human rights council vote on a castigating resolution.

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India to focus on enhancing trade ties with West Africa

India is focussing on enhancing economic and trade co-operation with West African nations and has set sights on increasing the trade turnover with such African countries to around $20 billion by 2015 from the present $14.1 billion per annum.

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Africa Oil says finds additional oil in Kenya well

NAIROBI — Canada’s Africa Oil said on Wednesday its estimate of the amount of potential oil in its Kenyan well has increased by a third since the east African country announced its first oil discovery in March.

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