Archive for February 26th, 2007

The East African (Nairobi)
February 25, 2007
Posted to the web February 26, 2007

Mike Mande
Nairobi

Tanzania has concluded a deal with the Southern African Customs Union (SACU) to export duty-free textiles and garment products to countries in that region.

Dr Juma Ngasongwa, Minister for Planning, Economy and Empowerment told The EastAfrican last week that after long consultations with SACU member states, Tanzania was granted a five-year export license to the member states.

Dr Ngasongwa said that among the issues [continue reading]

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Govt takes12 brigades

BOPA

26 February, 2007

PALAPYE – Government will spend about P1.4 billion to develop and transform brigades into technical colleges over a seven-year period, says the Assistant Director for Management in the Department of Vocational Education and Training (DVET), Mr Victor Nkile.

Addressing a meeting in Palapye on governments intention to take over the 41 brigades, Mr Nkile said the funds would be used for infrastructure and staff development and the construction of six new technical colleges.

Currently there are 41 brigades, but when the government takes over there will only be 25 brigades [continue reading]

Business Day (Johannesburg)

February 26, 2007
Posted to the web February 26, 2007

Lesley Stones
Johannesburg

TELKOM has finally confirmed it is buying the African internet service provider Africa Online for £10,32m.

The fee — a hefty R142,6m — is almost double the amount bid by another potential suitor. It is also up from the £9,72m cited by Africa Online as its buying price.

That is because Telkom has agreed to pay a peace settlement of £600000 to the rival bidder, Africa Telecoms Company (ATC) of Kenya, towards the costs ATC incurred when the battle for control turned nasty.

Telkom CEO Papi Molotsane justified the price by saying the investment “forms part of Telkom’s drive towards investing in and enhancing our longer-term future, while creating more value for our customers and shareholders”.

Telkom had to explore opportunities to offer a package of voice, data, video and internet services in Africa to ensure sustainable growth, he said.

“This acquisition is aligned to Telkom’s goal of expanding [continue reading]

read more posts taged with Africa Online Deal

ADB funds Kazungula bridge

source: BOPA
26 February, 2007

KASANE – The third meeting of the joint steering committee for the proposed Kazungula Bridge took place in Kasane, recently. The government of Botswana and Zambia jointly requested the financial assistance of the African Development Bank (ADB) in order to prepare the detailed design studies for the construction of Kazungula Bridge over the Zambezi River.

The financial assistance would be used for other border facilities to remove the remaining physical and [continue reading]