Walter Wafula

Helsinki — Growing demand for mobile phone related services and improving infrastructure networks in Africa has prompted Nokia to invite more European firms to the continent. Mr Esko Aho, the executive vice president company relations Nokia told European entrepreneurs in Finland that Africa is hungry for new investments that can enable consumers to make maximum use of the existing IT networks and phones.

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By David Lewis

DAKAR (Reuters) – Brazilian mining giant Vale plans to invest in $15 billion to 20 billion in projects in Africa over the next five years, up from $2.5 billion spent on projects there so far, the firm said.

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ENERGY and Water Development Minister Kenneth Konga yesterday told Parliament that several foreign investors have expressed interest in setting oil refinery companies in the various parts of Zambia.

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Des Latham

Johannesburg — Minemakers of Australia has listed on the Namibian stock exchange and says Namibia is crucial to its long term plans.

“Namibia is a very important part of Minemakers’ development strategy as the Company aims to become a significant contributor to that country’s mining output over a long period,” the company says in its quarterly report released this morning.

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Dele Ogbodo

Abuja — With the near-completion of the dredging of the Lower River Niger a year after its contract was awarded for N36 billion, the Federal Government has called on private organisations to buy into it by investing in navigational activities along the waterways stretching some 8,600km from Warri in Delta State to Baro in Niger State.

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