African Business News

Buyers at Thika Greens Golf Estate Begin Construction

Plot buyers at the planned Thika Greens gated development have commenced construction of homes after the master developer made significant progress in servicing the land.

Sales for the Thika Greens Golf Estate begun in 2009, after which the developer embarked on building requisite infrastructure and amenities on site.

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Nation Earns U.S.$305 Million From Extractive Industries

DAR ES SALAAM, Tanzania’s compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing oil, gas and mining sectors, is a milestone for the country’s economic growth prospects.

The World Bank said extractive industries contributed $305m to government revenues in the year ending June 30, 2010, up from $99m the previous year.

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Mining shares give JSE a good nudge

Mining shares nudged the JSE all-share index up just after noon on Thursday‚ as the SA share market looked set to wrap up the year on solid ground.

At 12.35pm‚ the all share index was up 0.30% to 39‚306.75 points. Platinum stocks climbed 0.78% for a 12% gain this month‚ while resources have risen 0.63% on the day.

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Serengeti airport: Tanzanian govt wins the day

The protracted battle over construction of an international airport next to Tanzania’s Serengeti National Park, pitting the government against environmentalists, is nearly over — and the government seems to have carried the day.

Plans for the construction of the $350 million facility, expected to start early next year, are complete, and the Tanzania Civil Aviation Authority has approved the project.

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