African Business News

FDI Into Africa Accelerates As Investor Perceptions Begin to Shift

Growing optimism and confidence among international and local investors has led to significant inward investment into the continent over the last decade, according to professional services firm, Ernst & Young's second African Attractiveness Survey.

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South Africa's African agenda

The Deputy President of the Republic of South Africa, Kgalema Mothlanthe paid a rare visit to Ghana in April at the invitation of John Dramani Mahama , Vice President of Ghana. It is significant in terms of a growing realisation of the need for South Africa to develop with Africa. The visit was within the context of consolidating the African Agenda through enhancing and deepening political, economic and social relations.

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Gas Discovered in Manicaland

MOZAMBICAN authorities have stumbled on the existence of natural gas and coal deposits in Manicaland Province. Manicaland already boasts huge deposits of alluvial diamonds in Marange.

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Egyptians vote in historic election

Egyptians began voting freely on Wednesday for the first time to pick their president in a wide open election that pits Islamists against men who served under deposed leader Hosni Mubarak. The contest is a novelty for a nation where elections during the 30-year rule of a man some called "Pharaoh" were thinly attended rigmaroles in which the result was a foregone conclusion.

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