| | Today's headlines | Chissano wins prize for leadership
Bizcommunity.com launches expanded retail offering
China's largest bank buys stake in South Africa's Standard Bank
Rwandan media group halts own publications
Gullible officials blew Z$5billion on diesel n'anga
Scramble for banking licences in Zimbabwe
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Marketing | | AFRICA China's largest bank buys stake in South Africa's Standard Bank
China's Industrial and Commercial Bank of China Limited (ICBC) will be the single largest shareholder of Standard Bank after paying R36.67 billion (US$5.46 billion) for a 20% stake. Both banks state that they will now be able to move forward in many areas through strategic cooperation.
ZIMBABWE Gullible officials blew Z$5billion on diesel n'anga
Zimbabwe government officials squandered Z$5 billion worth of taxpayers' money and gave away a farm in pursuit of fanciful claims about a miracle diesel discovery in Chinhoyi, court documents show.
NIGERIA Banking on women
“Women are a driving force in the African economy, but their access to finance is still far too small,” declares Declan Duff, VP of the International Finance Corporation's Industries section, “and this is why the IFC is partnering with Nigeria's Access Bank to bridge the gap with lines of credit specifically for female entrepreneurs.”
SOUTHERN AFRICA Scramble for banking licences in Zimbabwe
A number of financial institutions have lodged applications for retail banking licences, a move likely to increase the number of commercial banks in the country beyond the current 14 should the Reserve Bank of Zimbabwe (RBZ) approve the requests.
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Digital | | NIGERIA Internet exchange for Nigeria
[Jonah Iboma] Interstella Communications Limited has built and commissioned an Internet exchange gateway that will among other things help keep Nigeria's internet traffic local, thereby reducing the costs of internet use in the country.
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Media | | EAST AFRICA Rwandan media group halts own publications
The Rwanda Independent Media Group has suspended publication of its titles citing continued state blackmail and intimidation.
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Recruitment | | AFRICA African human resource managers in Uganda
[David Muwanga] Human resources managers from various Information and Communication Technologies (ICTs) divisions in Africa are meeting in Uganda to learn how to deploy ICTs to improve recruitment and retaining workers.
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Retail | | AFRICA Bizcommunity.com launches expanded retail offering
Bizcommunity.com has entered into a strategic partnership with ActivRetail, online resource hub to the fast moving grocery industry, to boost the offering of its online FMCG retail news and product information daily news service launched to the industry in Africa in July this year.
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TV | | SOUTHERN AFRICA African Media Personality Gaetano Kagwa Appointed as UNAIDS Special Representative
African media personality Gaetano Kagwa has been appointed as a Special Representative for the Joint United Nations Program on HIV/AIDS (UNAIDS). In this role, the popular host of the M-NET African lifestyle television program Studio 53 and former Big Brother Africa contestant will raise awareness and carry out advocacy work on AIDS.
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