Equity Market

Safaricom has announced that it hopes to take its Money Transfer product called M-Pesa to Uganda, Tanzania, Rwanda, the United Arab Emirates and eventually the United States, countries with big Kenyan populations.

Last week President Yoweri Museveni commissioned the 13MW Bugoye Hydro Power Plant in Kasese.

As the global recession subsides, Rwanda's cautious banking sector is slowly beginning to open up, more people can now access credit facilities and as a result, local investments have surpassed foreign direct investments.

Determined to make businesses enterprises in Nigeria more profitable, Hewlett-Packard (HP) has said that it is committed to growing small and medium scale business sector in Nigeria by continuously introducing intuitive laser and link-based products which will assist businesses to

Fidelity Bank Plc yesterday called on Nigerian farmers to see agriculture as a business rather than a subsistence venture.

The Federal Government has been urged to increase funding to agriculture to meet the target of Millennium Development Goals (MDGs).

United Bank for Africa Plc has made N41bn provision for losses, resulting in a Loss Before Tax and exceptional items of N5bn in its fourth quarter ended September 30, 2009 results.

Uganda Investment Authority has been nominated for the Award of Investment Promotion Agency of the year 2009 in the 'Africa Investor Investment and Business Leader Awards 2009'.

The African Development Bank (AfDB) Group Chief Economist, Louis Kasekende, has said that the continent's economic outlook is improving just as the countries of the western Hemisphere and Asia are showing signs of economic recovery.

George Alli represents Otukpo/Akpa State Constituency at the Benue State House of Assembly. He is the House Committee Chairman on Commerce and Industry. In this interview with Vanguard in Makurdi, he laments the poor industrial base of Benue State suggesting

I WASN'T holding my breath while waiting for Xstrata's response on the UK Takeover Panel's October 20 deadline relating to a possible merger with Anglo American. I expected, as was reported yesterday, that Xstrata would walk away. I agree, however,

ALUMINIUM producer Rio Tinto Alcan has scrapped plans to build a multibillion-rand aluminium smelter at Coega near Port Elizabeth due to concerns about security of electricity supply and Eskom's proposed hefty tariff increases.

The government has been advised to embrace e-governance to speed up the process of starting businesses in the country.

Zimbabwe is committed to retaining its status as an attractive investment destination, President Mugabe has said.

Investment Opportunity : Mining & Metals

Botswana, the world's biggest diamond producer, goes to the poll today and analysts say incumbent President Ian Khama's Botswana Democratic Party is likely to retain power.

Losses recorded by quoted equities on the Nigerian Stock Exchange (NSE) for the three days commencing Tuesday October 13, 2009 when bearish trading took over the market has depleted investors' funds by N180.88 billion.

The President of the Republic of Ghana, H.E John Evans Attah Mills has reaffirmed his government's commitment to ensure an investor friendly environment for all investors in the country. He however warned that only law abiding investors would be accommodated.