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business news

  • 2015-12-03       Tanzania signs US$400mn deal with Japan for road projects
  • Tanzania has signed a deal with Japan for nearly US$400mn to develop major roads in the country The Japan International Cooperation Agency (JICA), on behalf of the Japanese government, will provide the money. Along with the African Developm...

  • 2015-11-17       Tunisia gets US$210mn funding for road infrastructure
  • The board of directors of Africa Development Bank (AfDB) has approved funding of more than US$210mn to support road infrastructure projects in Tunisia Tunisias Road Infrastructure Modernisation Project (PMIR) seeks to rehabilitate 719 km of...

  • 2015-11-03       Zambia Revenue Authority likely to begin site inspections
  • Mining companies in Zambia have requested the Zambia Revenue Authority (ZRA) to consider conducting regular visits to mining sites in a bid to improve tax collectionA According to the Zambia Chamber of Mines' 2016 national budget submission...

  • 2015-10-13       Ghana's Obuasi gold mine to be redeveloped
  • nternational mining company Randgold Resources Limited and South Africa's AngloGold Ashanti Limited have decided to form a joint venture to redevelop and operate AngloGold Ashantis Obuasi gold mine in Ghana The two companies signed an inves...

  • 2015-09-10       Caterpillar Inc plans to cut 475 more jobs amid revenue decline
  • Heavy machinery manufacturer Caterpillar said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction project erodes its bottom line. In the middle of July, the company reported a drop in quart...