Rwanda’s Development Board says the country’s budding tourism sector received over a million visitors in 2008 and raised an estimated $214 million, up from $138 million the previous year. Rwanda was voted among the “Top 10 countries to visit in 2009″ by the Lonely Planet travel guide.
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Economists say the outlook for the economy will improve further with one of the country’s largest ever fuel price cuts taking effect at midnight tonight.
South Africa's government recorded a healthy cash flow surplus of 14.30 billion rand in the ninth month of the 2008/09 fiscal year as operational cash balances with commercial banks increased.
The data released by Treasury shows that cash balances at commercial banks amounted to 33.03 billion rand in December from 15.28 billion in November and [...]
A 25-year-old woman was arrested for fraud after she allegedly took money from people whom she falsely promised jobs, Eastern Cape police said.
Captain Zamukulungisa Jozana said the woman promised the people jobs at the department of education.
“She promised to get them jobs as cleaners, clerks and supervisors for a fee.”
The woman was charged with [...]
Record order books are expected to help South African construction stocks maintain decent earnings growth in the new year, but beyond that the future is uncertain as the global credit crisis eats up future work opportunities.
South Africa's big four construction firms boast a combined 120 billion rand order book, thanks to the phenomenal construction [...]
Chromex Mining, the AIM-listed chrome company with interests in South Africa, advised that it has temporarily reduced production at its Stellite chrome mine on the Western limb of the Bushveld Complex to about 10,000 tons per month of run-of-mine ore from a target production of 30,0000 tons per month.
The company said in a statement [...]
Consumer foods maker Foodcorp, which took a 45.4 million rand fine for its role in the bread cartel scandal, denied taking part in any market division activity, it said.
Foodcorp, controlled by Pamdozi Investments, was one of the four companies implicated in allegations that they fixed the price of bread and allocated one another areas where [...]
TOKYO - Toyota Motor Corporation said on Tuesday that it would suspend production at all of its domestic plants for 11 days between February and March in response to a slump in sales.
The move underscores the rapidly deteriorating fortunes of Japan's auto giants, which have racked up bumper profits in recent years and invested [...]
Ukraine's gas company Naftogaz today said that Russia's Gazprom slashed natural gas shipments to Europe by about two-thirds, while Balkan nations reported a complete shut off of Russian gas, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.
Bulgaria's energy ministry said Russian gas supplies to Bulgaria, Turkey, Greece [...]
TOKYO - Japan's video game market shrank for the first time in four years in 2008 in the absence of new console launches, a report said.
Sales of video games and consoles in Japan dropped 15.3 percent last year compared with 2007 to 582.6 billion yen (6.26 billion dollars), according to magazine publisher Enterbrain, which [...]
