Finance

Rating on Development Bank of Southern Africa affirmed at 'BBB+'; outlook stable

Rating, standard &  poor, standard and poor, Development, Bank, Southern, Africa, 'BBB+'; outlook, stable, south, DBSA, SADC

Standard & Poor's Ratings Services have affirmed its 'BBB+' long-term foreign currency issuer credit rating on the Development Bank of Southern Africa as well as the 'A' long-term local currency rating

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Egyptian factory for jobs and economic growth

Egyptian_faIFC, loans, construction, chemical, factory, Egypt, Red Sea coast, Indian-Egyptian, joint, venture, develop, cross-border, trade

IFC is providing up to $35mn in loans toward the construction of a new chemical factory near Egypt’s Red Sea coast, an Indian-Egyptian joint venture that will employ hundreds of people, spur the local economy and help develop cross-border trade

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Bank drives regional telecoms expansion

telecommunications, infrastructure, East Africa, Altech Kenya, Data, Networks, (KDN) funding, arrangement, Standard, Bank

The drive to implement more telecommunications infrastructure across East Africa has been boosted with the announcement that Altech Kenya Data Networks (KDN) has entered into a funding arrangement for capital expansion over a three year period through Standard Bank

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Pioneering partners seek sustainability

Transnational, research, centre, supports, joint, research, endeavours, Gabon, vision, development, africa, Ali Bongo, Ondimba

Transnational research centre supports joint research endeavours and matches American expertise to Gabon's vision for sustainable economic development

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Kenyan president highlights tourism’s cultural benefits

Kenyan_president

Joining UNWTO/WTTC Global Leaders for Tourism Campaign late in June, Kenya’s President Mwai Kibaki recognised the opportunites for cultural and educational exchange in tourism

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