Nairobi — Uchumi Supermarket has finally clinched a strategic investor in a deal that is expected to bring the struggling retailer back on its feet.

The Ethiopian Electric Power (EEP) has signed a contract agreement with the Chinese CGC Overseas Construction Group (CGCOC) for the construction of its 34-storey headquarters that will cost over 2.4 billion Ethiopian birr.

Nairobi — The Abraaj Group, a Dubai-based private equity investment firm, has announced the acquisition of Java House restaurant chain from Emerging Capital Partners (ECP) for an undisclosed amount.

Dar es Salaam — Swissport Tanzania plans to invest Sh6.2 billion in equipment and training this year.

A new report by McKinsey Africa says China's engagement with Africa is more than thought before, and its investments could triple in the next ten years.

The Corporate Services Executive of Scancom Limited (MTN), Mrs. Cynthia Lumor, says MTN, having achieved its initial objective of becoming a number one communication network in Ghana, was currently focusing on how to deliver first class digital services relevant and useful to customers' needs.

VICTORIA FALLS, June 20 (The Source) – Zimbabwe has signed a comprehensive agreement with unnamed Chinese investors for the construction of its ‘Disneyland in Africa’, a tourism and conference theme park in the resort town of Victoria Falls, the tourism minister said on Wednesday.

The donation comprised of textbooks, stationery and sport equipment. Mcedo Beijing School was set up in 2007 with the financial support of the Chinese Embassy.

SMES are literally the future. These superb entities are provide 80% of employment in Africa. There is no need to mention the crippling unemployment figures that were released this passing week by STATS SA, these give a clear depiction of the problem in the sub Saharan region.