Malawi: Banda administration auctions off presidential jet – in keeping with president’s promise
May 21, 2013 – 2:48 pm | No Comment

Malawi President Joyce Banda
Malawi’s presidential jet has been auctioned off to a Virgin Islands company for US$15 million, after the cash-strapped government disposed of it to raise funds, an official said Tuesday.
Bohnox Enterprise Ltd beat …

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South African mobile giant MTN looking to expand to Myanmar
May 21, 2013 – 5:58 pm | No Comment
South African mobile giant MTN looking to expand to Myanmar

South African mobile telecommunications giant MTN has stepped up its awareness campaign in South East Asia today by detailing its unparalleled track record in emerging markets to the Myanmar media.
The initiative is in support of …

African Americans’ wealth building hampered by competing financial priorities, lagging investment product ownership – Study by Prudential Financial
May 21, 2013 – 5:40 pm | No Comment
African Americans’ wealth building hampered by competing financial priorities, lagging investment product ownership – Study by Prudential Financial

(Business Wire) – Newark, N.J – Prudential Financial, Inc. today revealed the results of its 2013-2014 “African American Financial Experience” study, which found that competing priorities and fewer investment products constrict African Americans’ ability to …

Moody’s warning of debt default in Belize, Grenada and Jamaica
May 21, 2013 – 5:07 pm | No Comment
Moody’s warning of debt default in Belize, Grenada and Jamaica

A major international credit rating agency is warning of more Caribbean sovereign debt restructurings ahead of the Caribbean Development Bank annual meetings in St Lucia this week.
The Wall Street-based Moody’s Investor Service said on Monday …

iROKO Partners founder Jason Njoku launches ‘SPARK’ to help fund Nigerian tech startups
May 21, 2013 – 3:34 pm | No Comment
iROKO Partners founder Jason Njoku launches ‘SPARK’ to help fund Nigerian tech startups

Nigerian serial entrepreneur Jason Njoku and a business partner recently launched a company to fund tech companies in Nigeria – and in the longer term the West African region.
The company, SPARK, is a US$ 1 …

Undersea Fiber-optic cable from Jamaica to Cuba comes online
May 21, 2013 – 12:17 pm | No Comment
Undersea Fiber-optic cable from Jamaica to Cuba comes online

A company that monitors global Internet traffic says that the undersea fiber-optic cable connecting Jamaica to Cuba has come online.
Internet analysis firm Renesys says it detected the new traffic between Cable & Wireless Jamaica and …

Namibia strikes oil
May 21, 2013 – 10:36 am | No Comment
Namibia strikes oil

The Namibian government on Tuesday announced the first discovery of oil off it’s coast around the Walvis Basin.
Namibia has commissioned a Rio de Janeiro-based energy and exploration firm HRT to assist in looking for the …

Caribbean Airlines board replaced – in reaction to massive losses incurred in 2012
May 17, 2013 – 2:23 pm | No Comment
Caribbean Airlines board replaced – in reaction to massive losses incurred in 2012

Less than 72 hours after he announced that Caribbean Airlines had accumulated massive losses in 2012, Trinidad & Tobago Finance Minister Larry Howai has announced that the current board of directors of the beleaguered carrier …

Jamaica: Economy in recession during 1st quarter of 2013 – trend expected to improve
May 17, 2013 – 11:10 am | No Comment
Jamaica: Economy in recession during 1st quarter of 2013 – trend expected to improve

Latest statistics released by the Bank of Jamaica
indicate that the island-nation’s economy remained in recession during the first quarter of 2013, however, the economy was predicted to stabilize during the second quarter of the year.
The …

Profile: Rachel Tladi – Founder and CEO Uvuko Civils
May 16, 2013 – 10:09 pm | No Comment
Profile: Rachel Tladi – Founder and CEO Uvuko Civils

Rachel Tladi – Founder and CEO Uvuko Civils
Rachel Tladi is the founder and CEO of South African maintenance and construction company Uvuko Civils.
She founded the company in 2002 – at the urging of a …

Caribbean Airlines recorded losses of $70 million in 2012 – Minister Howai
May 16, 2013 – 11:54 am | No Comment
Caribbean Airlines recorded losses of $70 million in 2012 – Minister Howai

The Trinidad & Tobago based and state-owned Caribbean Airlines recorded losses estimated at US$70 million last year, the twin island-nation’s Finance Minister Larry Howai has revealed.
He told the Senate on Tuesday that the figure does …