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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
Addis Ababa - Dubai will invest about $100m in several Ethiopian economic sectors beginning in October, a visiting
group of financiers said.
Sultan Ahmed Ben Sulayem, head of the Dubai World delegation, said the Dubai government firm would invest in mining, trade,
agriculture, real estate and catering.
"A team of experts from Dubai is in the process of finalising agreements with the government," he told state-run Ethiopian television late on Thursday.
Ethiopia has forecast economic growth in 2008 of 10.8%, boosted by agriculture and services, but the country of 81m people
remains one of the world's poorest.
Sovereign wealth funds like Dubai World have been enriched by record oil and commodity prices, and are looking to emerging markets, as well as the richer economies, for new opportunities.
Dubai World is spending more than $50m renovating a luxury hotel in Comoros.
Dubai Group, another part of Dubai Holding owned by the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum, unveiled plans in March to invest $250m in finance, real estate and tourism sectors of Mauritius.
- Reuters