Dilemma X

Kenyan equity firm to offer $34 million (Sh3 billion) in support of Rwandan complex Standard (Kenya) KIGALI, Rwanda- Kenya’s equity firm Fusion Capital will partner with Kigali Heights, a real estate development company, for a $34 million (Sh3 billion) shopping complex, both sides disclosed on yesterday. The project is located near the Kimihurura roundabout, formerly […]

East African Community (EAC) leaders signed a protocol paving the way for a Monetary Union By Ronald Ssekandi and Yuan Qing Xinhua KAMPALA- East African Community (EAC) leaders on November 30, 2013 signed a protocol paving the way for the establishment of a Monetary Union, the third pillar in the five- member economic bloc’s integration […]

Kenya and China have broken the ground for the construction of a standard gauge railway line Sarah Kimani SABC News Kenya and China have broken the ground for the construction of a standard gauge railway line. The modern rail is expected to start from Mombasa extend to Uganda, South Sudan and end in Rwanda. Construction […]

China to provide Africa with US$1 trillion financing Funds over next 12 years will come in the form of investments and loans, with most of them for building infrastructure, says mainland analyst Toh Han Shih South China Morning Post The central government, including state-owned banks, will provide US$1 trillion of financing to Africa in the […]

Raleigh-Durham: Residents get second look at light-rail to run from Durham to Chapel Hill By Jim WiseThe News & Observer DURHAM — The Bull City’s public got a virtual look at the planned light-rail line between Durham and Chapel Hill Wednesday night, in the second of three project updates Triangle Transit is holding this week. […]

Equatorial Guinea seeks full, systematic implementation of accord on free movement Technical and administrative conditions of the agreement must be in place before nations will be able to manage the free movement of people. PRNewswire-USNewswire MALABO, Equatorial Guinea- The Government of Equatorial Guinea favors full implementation of the Free Movement Agreement of the Economic and […]

Black Brazilians earn 36 percent less than non-black citizens Xinhua RIO DE JANEIRO– Brazilians of African descent on average earn 36 percent less than non-black Brazilians, according to a study released Wednesday by the Inter-Union Department for Statistics and Economic Studies. Released a week before the country’s Black Awareness Day, the research found that black […]

Mugabe makes Zimbabwe’s tobacco farmers land reform winner By Godfrey Marawanyika Bloomberg Bonus Matashu points to a three-ton truck he bought for $15,000 in cash and says President Robert Mugabe’s often violent program of seizing white-owned farms and giving them to black Zimbabweans turned around his life. “This is the best thing that could have […]

Dubai’s new Al-Maktoum International Airport opens Newly opened Al-Maktoum International Airport in Dubai, which will be the world’s largest once it is completed. Photo: AFP AFP The Gulf emirate of Dubai on Sunday opened passenger operations at its second airport, Al-Maktoum International, touted to be the world’s largest once it is completed. A Wizz Air […]

Liberty Bank to merge with First Tuskegee Bank, the oldest African American financial institution in the U.S. Montgomery Advertiser First Tuskegee Bank plans to merge with Liberty Bank and Trust Company. The definitive agreement announced Thursday is subject to shareholder and regulatory approval. “The partnership with Liberty will afford us the opportunity to compete more […]