China promises $10bn loan to Africa
VOXAFRICA.COM | 09-11-2009 17:49
China has pledged to give $10bn concessional loans to Africa over a period of three years, according to the Chinese Premier Wen Jiabao at a summit in Egypt. “We will help Africa build up financing capacity,” announced the Chinese Premier at Sharm-el-Sheikh. The announcement was made in an address to the Forum on...
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Cuban rum for the US Market
A top rum executive in Cuba says the Island is ready to ship one million cases of run to the United States providing Washington eases its 47 year old embargo. However Juan Gonsalez the Vice President of the communist state rum production monopoly...
Dow Jones breaks 10,000
The Dow Jones Industrial average has topped the 10,000 mark for the first time in a year. World markets have been lifted by the news that the US bank JP Morgan chase reported a better than anticipated profit in the July to September quarter. The Dow closed up 144.8 at 10,015.86, its highest since October 2008.
Guinea junta strikes deal with China
Military rulers in Guinea have clinched a huge mining and oil deal with China which comes amid increasing critcism of the Junta. Mahmoud Thiam the mines minister said a Chinese firm would invest more than $7bn in infrastructure. The company would then become a "strategic partner" in all mining projects in the ...
Mozambique gets funding for new railway
The government of Mozambique has secured the equivalent of £313m to build a new railway line. The funding which came from the Dutch and Danish governments will mean that construction will begin in two months to build the line that will link the coal rich northern Moatize mines to the Nacala port by the year 2015.
UEMOA moves towards common visa
The West African Economic and Monetary Union (UEMOA) has moved a step closer to establishing a common visa that will allow free movement within its eight member states. From October 1st, any visa issued by a UEMOA state will be recognised across the Union, allowing the holder to move freely between any ...
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