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News : Industry

As preparation for the Beijing Plus15 Banjul meeting gets to an advanced stage, samaritans from all sectors of society are coming on board to be part of this rare historic event with donations in cash or kind. (AllAfrica)

Telkom Kenya's commercial brand, Orange, has reintroduced nationwide code division multiple access (CDMA) services, after being restricted within regional zones for about a year. (AllAfrica)

The Us energy Company, Pioneer has announced that its daily production in Tunisia has increased by 13% to average 7,000 Barrels of Oil Equivalents Per Day (MBOEPD) during the first nine months of 2009 compared to the same period in 2008. (AllAfrica)

AFRE Chief Executive Officer Patterson Timba has increased his shareholding in Rainbow Tourism Group (RTG) after British millionaire Nicholas Van Hoogstraten sold his 10% stake in the Zimbabwe Stock Exchange-listed hotel and leisure group. This comes after 160 million shares were snapped up on the market by Renaissance Securities, a company controlled by Timba on Tuesday in a deal valued at US$4,8 million. (AllAfrica)

MTN Ghana, the leading telecommunications operator in Ghana, has launched her 3.5G technology in Takoradi and its environs. (AllAfrica)

The government yesterday said it was in talks with the managers and proprietors of the two-closed radio stations for a possible consensus to reopen them. (AllAfrica)

Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of uranium, gold and base metal interests in Namibia has began trading on the Namibian Stock Exchange. (AllAfrica)

IN FULLFILMENT of its pledge to bring world class telecommunication services to clients and subscribers in the Western and Rentral regions of Ghana, a leading telecommunication giant, Mobile Telecommunication Network (MTN), over the weekend launched its 3.5G network, to boost high data services for their subscribers and corporate institutions. (AllAfrica)

THE ATWIMA Kwanwoma Rural Bank, headquartered at Pakyi No. 1 in the Amansie West District of the Ashanti Region, has donated a well-furnished library to serve the Pakyi community and its environs. The gesture forms part of the bank's corporate social responsibilities. (AllAfrica)

THE SEKYERE Rural Bank has embarked on a serious loan recovery exercise to bail the bank from distress. (AllAfrica)

PERFORMANCE MANAGEMENT is expected to be a very vital part of the appraisal and reward system of staff of the National Insurance Health Scheme (NHIS), the Chief Executive Officer (CEO) of the scheme, Mr. Sylvester A. Mensah, has stressed in Kumasi. p> Following this, each Scheme Manager would be required to sign a performance contract with the National Health Insurance Authority (NHIA), towards the authority's immediate targets deliverable by December 2009, and expectations for the period ending December 2010. (AllAfrica)

With the signing by Tunisia of the open skies agreement, a number of international low-cost airline companies have started operating services towards major Tunisian airports. (AllAfrica)

Fast-improving PR firm - Optimum Media Prime (OMP), yesterday presented GH¢150,000.00 cheque to the Ghana Football Association (GFA) in fulfillment of its pledge to the Football governing body. (AllAfrica)

OLD Mutual yesterday said it had traded well in its third quarter as it continued to actively address shareholder concerns that were raised last year. (AllAfrica)

DEVELOPMENT, regeneration and investment in Namibia and its regions continue to be the basis for Tungeni Investment's vision, mission and success, the company says. (AllAfrica)

CLOTHING retailer Truworths yesterday reported a 10% increase in sales in the first 18 weeks of its 2010 financial year to this month, but warned trading conditions remained tough and many consumers were still under pressure despite declining interest rates. (AllAfrica)

THE executive council of the National African Federated Chamber of Commerce and Industry (Nafcoc) yesterday elected a new executive committee after accusing the old committee of corruption and misconduct. (AllAfrica)

IT IS back to square one for Country Bird after SA's third-largest poultry producer this week admitted it had failed in its bid for Sovereign Foods. (AllAfrica)

CONSTRUCTION materials supplier Afrimat intends to focus on product diversification and enter synergistic industries in order to position itself for the post-infrastructure spend period. (AllAfrica)

NEDBANK Group has said annual profit may fall as much as 35% as unemployment rises in recession- hit SA and consumers struggle to repay debts. (AllAfrica)

FOSCHINI group said yesterday the expected upturn in the economy was not yet evident as retail trading conditions remained tough and consumer spending remained under pressure. (AllAfrica)

NEDBANK Group has said annual profit may fall as much as 35% as unemployment rises in recession- hit SA and consumers struggle to repay debts. (AllAfrica)

BACK in July, ahead of the details of the rights issue of Illovo Sugar and after the report made by chairman Robbie Williams at the company's annual general meeting, I wrote: "If I held Illovo's shares, I'd stick to them and, dependent on the discount, follow the rights." (AllAfrica)

New DSTV access, with over 25 channels at the monthly subscription of N1, 500, with the access, subscribers will pay $10 as monthly subscription emerges. MultiChoice Africa, operator of Africa's pay TV platform DStv, announced the launch of the continent's most accessible pay television package, DStv Access recently. Priced at only $10 per month, Dstv is therefore for family entertainment at the lowest cost in the market. (AllAfrica)

Court has ordered a security firm, Saracen (U) Ltd to pay Shs152.5 million to Mukwano Industries as compensation arising from payments made by the manufacturer to the family of one of its employees who was shot dead by a guard belonging to the security firm. (AllAfrica)

MANAGING Director of Trustfund Plc, Mr. Bernard Ekwe has reassured stakeholders and depositors that there was no cause for alarm over their money with the company. (AllAfrica)

Lekki Port has announced the appointment of Louis Berger Group Inc., USA as their Project Management Consultant for the proposed Port@Lekki project, being developed within the Lagos Free Trade Zone. (AllAfrica)

Following the crisis rocking the Nigerian financial sector, First Securities Discount House Limited (FSDH) has announced its plans to reinforce its risk management processes to ensure its stability and growth in the years ahead. (AllAfrica)

THE Uganda National Roads Authority has threatened to cancel Zzimwe Construction Company's sh1.9b contract for the rehabilitation of the Arua-Koboko-Oraba road over poor performance. (AllAfrica)

A WEEK after Eskom's board asked CEO Jacob Maroga to resign, Public Enterprises Minister Barbara Hogan told Parliament yesterday that Maroga should not shoulder the blame for Eskom's problems alone. (AllAfrica)

Bank of Kigali (BK) is doing its bit to promote saving by offering three savings schemes. (AllAfrica)