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News : Industry

An American-Slovak investment group, Bay View, has pledged to remain firm and committed to the continued investment in Rwanda for the development of human resources and socio-economic development of the country. (AllAfrica)

Total Gambia Limited, Subsidiary of Total France, on Saturday, November 21st held a dayÂ's traning session for its staff in the conference hall of the Senegambia Beach Hotel located in Kololi. (AllAfrica)

World leading industrial solutions group, Atlas Copco, plans to expand its operations in Botswana, using its newly opened headquarters to penetrate the mining and construction industries. (AllAfrica)

An Accra Commercial court looking into disagreements of some members of the Convention People's Party (CPP) on the issue of the seventy percent sale of the nation's Telecommunication Company to Vodafone International Holdings BV of the United Kingdom (UK), has referred certain portions of the sales and purchase agreements of the deal to the Supreme Court for determination. (AllAfrica)

John Mirenge, chairman of RwandAir was pacing up and down from the intensive care unit to the reception at King Faisal Hospital in Kigali. His phone was ringing off the hook. Calls were coming in from all corners of the world inquiring about the November 12 RwandAir accident at Kigali International Airport. The victims had been rushed to the hospital. (AllAfrica)

MTN's Average Revenue per User (ARPU) which describes how much money each subscriber spends on average on the network has declined, according to its latest figures. (AllAfrica)

In the latest twist to this saga, Chris Gabriel, the chief executive officer of Zain Africa, has said it is not for sale. (AllAfrica)

Essar had earlier paid US$ 3 million in licence fees to receive Uganda's sixth mobile licence (AllAfrica)

TELKOM is becoming the latest parastatal to set the alarm bells ringing. (AllAfrica)

IT WILL not be easy for Telkom to enter the market as SA's fourth cellular operator. It will be hugely expensive for a start, as it needs to have a mobile network that will outclass those of its rivals to have any hope of luring customers. And the R6bn price tag is enormous. (AllAfrica)

MOODY's Investors Service yesterday affirmed the long-term issuer rating of Imperial Group of BAA3 and changed its outlook to stable from negative, praising the diversified group for its resilience in tough economic times. (AllAfrica)

TIGER Brands , SA's largest food company, yesterday said profit for the year to September rose 8% to R2,5bn, as people switched to maize from more expensive staples such as rice, and commodity prices fell from the high prices seen the year before . (AllAfrica)

ELECTRICAL and instrumentation company B&W has acquired earthing and lightning protection company Pontins for R19,2m, which it hopes will augment its existing electrical contracting business with a complementary niche service. (AllAfrica)

The Esionwun family of Delta State have asked a Federal High Court sitting in Asaba to dismiss a suit filed by one of their kinsmen, Augustine Jemeriegbe Ayavoro against Chevron Nig. Ltd and Ugborodo Community Trust on the ground that he (Augustine) lacks the authority of the family to file his suit. (AllAfrica)

MTN Rwanda, the country's largest mobile operator announced on Monday that it has acquired Rwf10b in form of a syndicated loan from seven local banks to upgrade its network. (AllAfrica)

Heritage Oil and Gas Company is apparently offering its business stakes in Uganda to Italian energy giant Eni S.P.A because it lacks sufficient financing to construct oil infrastructure such as refineries and pipeline, according to a top official. (AllAfrica)

Office automation and telecommunication solutions provider, Panabiz International Limited has said that it would continue to improve on its effective response time to customers, knowing that it contributes to the business efficiency of any Organization. (AllAfrica)

Globacom Limited, the Official Sponsor of the National Teams of Nigeria has rejected claims by the Nigeria Football Federation (NFF) that it has defaulted in the payment of the sponsorship fee for 2009 and says it may seek redress in court if the federation fails to retract the statement. (AllAfrica)

South Africa's Tiger Brands is leveraging on its acquisition of Haco Industries to market and distribute its range of food products in the region. (AllAfrica)

British oil explorer Heritage has sold its fields in Uganda to Italian oil giant Eni SPA for between $1.3b and $1.5b. (AllAfrica)

DESPITE THE challenges of the economy, the Otuasekan Rural bank has with the prudent measures put in place by the Board and management, made a profit before tax increase of 65% of GH¢217,945.91 in 2008, against GH¢131,309.42 in 2007. (AllAfrica)

As Globacom gets set to launch its Glo Broad Access service, which offers the convergence of advanced voice, advanced data and advanced video in a single wired line today, a brand new revolution seems to be in the offing in the Nigerian telecommunications industry. (AllAfrica)

The Zain Group net profit slumped by more than half to $144 million (shs270 billion), from the same period last year due to fluctuations in global currencies against the United States dollar, according to the companies latest financial results. (AllAfrica)

Unity Bank Plc has assured shareholders of impressive performance and returns including cash dividends by the end of the running financial year, which will mark the first report of the bank following the recapitalization exercise it plans to open soon. (AllAfrica)

Chairman of UnityKapital Assurance Plc Mallam Falalu Bello has challenged management of the insurance company to hit a billion naira profit mark by next year. (AllAfrica)

All is now set for the launching of the Glo Broad Access service which offers the convergence of advanced voice, advanced data and advanced video on one single wired line. (AllAfrica)

Peugeot Automobile Nigerian (PAN) Limited, Kaduna, will from next year stop running on generator when power situation in the country improves, Vice president Goodluck Jonathan has said. (AllAfrica)

Union Bank of Nigeria PLC has announced gross earnings of N147.32 billion for the Group for the financial year ended March 31, 2009. (AllAfrica)

Zain Tanzania has been voted "2009 Most Respected Company" in the country by East Africa's top CEOs. (AllAfrica)

Tanzania Electric Supply Company (Tanesco) flouted public procurement rules in awarding a Sh3.6 billion medical insurance tender, according to the Public Procurement Appeals Authority (PPAA). (AllAfrica)

TELKOM 'S monopoly over landline communications may officially be over, but its continued control of the "last mile" of copper leading to most customers' homes will remain a stumbling block to affordable internet access in SA for some time to come. (AllAfrica)