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Emerging Markets Business News
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Monday, 23 November 2009 10:37 |
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Moscow, Russia - Ruben Vardanian, the chairman of the board of directors and CEO of Troika Dialog Group and president of the Skolkovo School of Management, has reported that Russia still lags behind its BRIC (Brazil, Russia, India, China) partners in terms of bilateral trade with Africa, but its trade with Africa is the fastest growing - at 15 per cent annually since 1992.
In an article made available Monday, Vardanian said that although most other trade partners look to Africa mainly as a source of raw materials, Russia, which is rich in raw materials, can expand its trade relationship to a higher level.
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Emerging Markets Business News
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Monday, 23 November 2009 10:36 |
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Nairobi, Kenya - Kenyan Prime Minister, Raila Odinga on Monday invited foreign private investors to develop geothermal fields in Kenya saying the country had the potential to provide 7,000 MW of clean and reliable geothermal energy.
He noted that 90 per cent of the wells so far drilled had steam in sufficient quantity and in high temperature, and told investors to discard the notion that it was risky to invest in the development of geothermal energy in Kenya.
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Emerging Markets Business News
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Saturday, 21 November 2009 17:38 |
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Nairobi, Kenya - The Kenyan Railways announced on Saturday that it has begun the process of building a modern high capacity Standard Gauge railway line for Kenya.
This was announced by the Managing Director of Kenya Railways Corporation Nduva Muli, at a Press Conference held at the Kenya Railways Headquarters.
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Emerging Markets Business News
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Saturday, 21 November 2009 17:06 |
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Cairo, Egypt - The Arab Bank for Economic Development in Africa (BADEA) is due to provide US $22.46 million as loans to four Sub-Saharan African countries to finance development projects in their countries.
BADEA said in statement released on Friday that the Arab Bank for Economic Development in Africa will sign four loan agreements on Monday in Cairo with four African countries, namely Senegal, Benin, Malawi and Niger with total value of US $22.46 million.
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Emerging Markets Business News
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Saturday, 21 November 2009 16:57 |
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Lagos, Nigeria - About 51 ships, including 23 tankers are competing for berthing spaces at Nigeria's Lagos ports as activities at the ports attain the usual annual peak due to the upcoming Christmas and New Year festivities in the country, reports the APA.
The tankers are laden with kerosene, diesel, lubricating oil and petrol while the other 28 ships are laden with vehicles, general cargo, bulk cement, bulk sugar and fresh fish.
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Emerging Markets News
