POLITICS

IBTimes Logo

Nokia, Motorola to Open Plants in Nigeria

Leading mobile phone manufacturers, Nokia and Motorola, would soon establish plants for the manufacturing and assembling of mobile phone handsets and other accessories in Nigeria.The plants were to be established under a special partnership arrangement between the Nigerian government and the foreign investors.

ADB Approves U.S.$45m for Highway

IBTimes Logo
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group (AfDB) on Wednesday in Tunis, approved a grant of about US$ 44.95 million, to finance the Kicukiro-Kirundo Road Project linking Rwanda to Burundi.

UK Firm to Find Oil in Egypt

IBTimes Logo
A United Kingdom oil company, Aminex PLC, has signed a production sharing agreement with Egypt for Onshore Block 2 in the West Esh El Mellahah area in upper Egypt.
More news
IBTimes Logo

Business Investment in Africa Will Stem Migration

The world can promote development in Africa by supporting the private sector in Africa, as Spanish businesses agreed to do this week, and combating people-trafficking mafias, according to a non-governmental aid group.
IBTimes Logo

Euronext denies report of NYSE vote postponement

Pan-European exchange operator Euronext on Monday denied it planned to postpone an extraordinary general meeting set for December, at which its shareholders are due to vote on a $10 billion plan to merge with NYSE Group .
IBTimes Logo

China consumers turn cautious on P&G skin-care row

Public anger in China over a popular skin-care line has become a public relations headache for Procter & Gamble , underlining the challenges foreign firms face as they contend with increasingly discriminating consumers.
IBTimes Logo

Oil dips below $60 as BP restarts Prudhoe Bay

Oil prices fell to a six month low under $60 (31 pounds) a barrel on Monday as BP's move to restore output at Prudhoe Bay earlier than expected added to a sense of healthy, secure supplies
IBTimes Logo

Simba Telecom Joins Private Sector

Simba Telecom has joined the Private Sector Foundation Uganda as a member in its core role of crusading for policy advocacy and market competitiveness.
IBTimes Logo

Companies' fuel bills surge

Around four fifths of manufacturers have seen their fuel bills rocket at least 30 percent in the last year
IBTimes Logo

CE urges Hunan investment

Hunan offers Hong Kong entrepreneurs and investors a favourable investment environment because of its rich labour resources, low production costs......
IBTimes Logo

Chinese Vehicles to be Distributed in Zimbabwe

Zimbabwe's Belgravia Motors company has clinched an agency deal with a Chinese firm, Gaobeidian Xinkai Automobile Making Company Ltd, to distribute new vehicles in Zimbabwe, a development that is expected to improve the supply of vehicles in this country.
IBTimes Logo

Sony investigates notebook fire

Japanese electronics maker Sony (6758.T) said on Saturday it is investigating a fire incident on a Lenovo (0992.HK) laptop PC
IBTimes Logo

Ethiopian Airlines Wins Award

Ethiopian Airlines won the African Airline of the Year 2006 Award. US deputy assistant secretary for aviation and international affairs in the department of transport,
IBTimes Logo

Zambia President Orders Crackdown on Mine Investors

Zambian President Levy Mwanawasa has ordered the arrest and prosecution of investors in the country's copper mines who are breaking labour laws, officials and state-owned media said on Sunday. The decision is widely seen as a move to placate angry miners in the country's Copperbelt region ahead of September 28 presidential elections.
IBTimes Logo

Canadian investor to avoid Telstra offer

Canadian institutional investor Erik Sardain is looking for an exciting investment opportunity in Australia over the next few months, and at the moment it doesn't look like the $8 billion Telstra share offer quite fits the bill.
IBTimes Logo

US existing home sales slip in August

Sales of US existing homes in the last month likely fell to the lowest level in more than two years, according to a Reuters poll and National Association of Realtors data.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.