African Business News

Powering U.S. Business in Africa

In recent years, the United States has used retooled foreign aid programs to positively“ and powerfully “ impact developing nations in Africa. For example, President George W. Bush's President's Emergency Plan for AIDS Relief has helped to give more than 5 million people

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Exports 13% up, trade deficit narrows Fortune Reversal Seen As Economic Scenario Improves In The West

India's exports climbed 13% to $26 billion in August and imports fell marginally as gold imports stalled, helping trim the trade deficit to just under $11 billion and provide much needed support to policymakers battling to shore up the rupee.

A widening trade deficit has been

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Reykjavik Geothermal To Build 1000MW Power Plant In Ethiopia

US-Icelandic geothermal development company, Reykjavik Geothermal (RG), has agreed to build a 1000MW geothermal plant in Ethiopia to help the East African nation harness its energy potential.

The power plant which will be built in Ethiopia's Corbetti Caldera region is part

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National Housing Corporation to invest US$7.4million in housing

Demand for houses in Tanzania has grown with an average of 200,000 housing units per annum and requires huge investments from both the public and private sectors to construct new units. In efforts to meet the growing demand, the Tanzania National Housing Corporation (NHC) plans to implement

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