African Reinsurance Corporation's net profit for the year ended December 2007 rose 37 per cent to $34 million (Sh2.2 billion) up from $24.8 million (Sh1.6 billion) in 2007.

The secret behind Citibank's success lies in constantly focusing on technology breakthrough in banking transactions, it has been stated.

Superbrands, the international brand research firm, is set to launch the East Africa version of its international book brand.

Kenya Commercial Bank mortgage subsidiary S&L's pre-tax profit for the first six months of the year rose to Sh208.4 million.

Deloitte Touche Tohmatsu, otherwise known as Deloitte, has reported an increase of 18.6 per cent in US dollars and 13.0 per cent in local currencies, bringing the aggregate member firm revenue to $27.4 billion for the 2008 fiscal year.

To live up to the changing customer preferences in the tourism industry, Galileo Kenya has launched a marketing website to promote e-tourism.

Globacom, Nigeria's telecommunications company, will on August 29 mark its 5th anniversary.

The Managing Director of Dangote Sugar Refinery (DSR), Abdullahi Sule, has said that the company has paid dividends worth N10.2 billion for the half year ended 30th June, 2008.

Cape Town's new community television channel, Cape Town TV (CTV), has partnered with film and drama school AFDA in a deal which will see CTV contribute to training operations at AFDA's TV school while remaining an independent entity, it was

The Federal Government yesterday grounded the domestic operations of Virgin Nigeria Airways, forcing the national carrier to comply with the government's directive to move its local operations to the new domestic terminal of the Murtala Muhammed Airport, Lagos, known as

Ownership of the AK6 diamond mine could change hands from today depending on the policy of the Botswana government and London-listed Gem Diamonds is showing keen interest.

The Ghana Chamber of Mines has presented total of GH¢ 24,300 to 18 institutions across the country for their immense contributions towards national development.

The proposed soda ash factory on Lake Natron's shores is feared to have a negative impact not only on the ecosystem of Tanzania but that of Kenya as well.

The Jigawa State Government has concluded arrangement to train about 5,000 unemployed youths in horse ornaments making and calligraphy; in an effort to empower its citizens by creating job opportunities.

The Nigerian Union of Teachers (NUT) yesterday suspended indefinitely the five-week industrial action it embarked on to protest the non implementation of the Teachers Salary Scale (TSS).

Certificates of affiliation have been presented to new members to officially introduce them into the Ghana Trades Union Congress.

The Government yesterday clarified on the fate of National Micro Finance Bank (NMB) workers, stating that it will not pay them terminal benefits as they demanded because their employment has not been terminated.

About 44,203 civil servants sacked in the 2005 Public Service Reform , are yet to get their retirement benefits and pension, three years after.

No fewer than 500 messengers, from various ministries in Sokoto State, have undergone a three-month intensive adult literacy classes in English Language, Arithmetic and Hausa Language, to enhance their literacy and boost capacity for effective service delivery.

Construction has begun on the Big Hole Conference Centre which will not only create 350 jobs for the residents of Kimberly, but bring more business to the town.