Armscor CEO Sipho Thomo has been suspended on full pay pending the outcome of a disciplinary hearing after defiantly refusing to accede to yet another request by the corporation's board for him to resign.

Golden Star Resources Ghana Limited announced on Thursday, November 12, this year, that during the third quarter of 2009, it paid US$3,127,398.42 in royalties to the Government of Ghana, out of production from the Bogoso/Prestea and Wassa Mines.

DELTA Corporation Limited, Zimbabwe's prime producer and distributor of alcoholic and non-alcoholic beverages, has suffered a US$2 million impairment from the disposal of its 30 percent stake in Ariston Holdings Limited at US$4 million.

HAPPYMORE Mapara, the group chief executive officer (CEO) of AICO Africa Limited was this week sent on suspension pending investigations into the operations of the company after falling out with key shareholders at the Zimbabwe Stock Exch-ange (ZSE)-listed conglomerate.

Barclays Bank of Kenya has returned a 4.2 per cent growth in pre-tax profit for the nine months ending September 30, 2009, reflecting the impact of the economic slowdown on various sectors of the economy.

Centum Investment Ltd has reported a 72 per cent drop in pre-tax profit for the six months period ended September 30, 2009.

During the last decade, the export sector has strengthened foreign exchange inflows, increased from 110 million dinars to 250 million dinars, said Mr. Abderrazak Daaloul, Secretary of State in charge of Fisheries, on Thursday during a workshop on the latest

MTC says it has been forced to spend more than N$1 million on replacing stolen and vandalised solar panels.

Eight trainees have successfully passed out of the Institute of Local Government Studies (ILGS) Microsoft IT Academy with certificates in Digital Literacy after undergoing a five-day programme from November 9-13.

Beloved, I wish above all things that thou mayest prosper and be in good health, even as thy soul prospereth,' the Deputy Minister for Local Government and Rural Development, Hon. Elvis Afriyie- Ankrah, echoed these Biblical words following a health

MTN has set a precident in acquiring quick money from Uganda's financial market. It is the first to raise money through a syndicated loan in the country's history. Will other corporations also follow?

The Italian company, Eni SpA (E) is looking at a large amount of Tullow Oil confidential data as part of its due diligence process for buying a stake in Uganda's oil ventures.

Orange Uganda was awarded best exhibitor in the ICT and Internet Sector at the 17th Uganda International Trade Fair organised by the Uganda Manufacturers Association (UMA).

A study conducted by the Ghana Anti-Corruption Coalition (GACC), between February and September 2009, among seven private-owned newspapers in Ghana, has ranked The Chronicle as the top private media organisation in corruption reporting, with 100 stories.

Oceana, the fishing company with operations in Namibia and South Africa said this week that headline earning per share went up by 18% in the year ended 30 September.

Kraatz Marine has terminated the agreement it has signed with Max Planck Institute (MPI) to build and erect the largest telescope in Namibia called HESS. Kraatz Marine is part of the Ohlthaver and List Group of Companies, saying MPI has

The Kanifing Magistrates Court, presided over by the Senior Magistrate Abdoulie Mbake, recently acquitted and discharged Neeraj Sharmp, the manager of Safeway Supermarket.

WARID will use the money acquired from the partnership with the Middle East-based telecom firm, Essar Group, for expansion, a top official has said.

THE seventh mobile operator in Uganda, Smiles Communication, starts operations today, using the 02 code.

Emirates Group Security recently hosted 11 aviation professionals from the Nigerian presidential fleet for a three-day Aviation Security Training (AVSEC) course in Dubai.