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South Africa Expecting Good Returns From Investment in the World Cup

South Africa Expecting Good Returns From Investment in the World Cup

South Africa has made good returns on the billions of dollars it has spent to host the continent’s first FIFA World Cup running from 11 June to 11 July, South African President Jacob Zuma said on Tuesday.
Cash Boost for UK Manufacturing Research

Cash Boost for UK Manufacturing Research

Business Secretary Lord Mandelson has announced that the first three state of the art manufacturing research centers funded under a new £70M Government investment will be based at Southampton, Loughborough and Brunel universities, to help UK businesses...
800,000 New Mobile Telephone Subscribers Mali in 2009

800,000 New Mobile Telephone Subscribers Mali in 2009

The two Malian mobile telephone operators had a great year with a total of 800,000 new subscribers in 2009, according to the latest official figures released. The Malian market with only 3.5 million subscribers in 2008, now has 4.3 million, with a total...
UTstarcom Inc. Agrees to $1.5 Million Penalty Payment for Acts of Foreign Bribery in China

UTstarcom Inc. Agrees to $1.5 Million Penalty Payment for Acts of Foreign Bribery in China

UTStarcom Inc. (UTSI) has entered into an agreement with the Department of Justice, agreeing to pay a $1.5 million fine for violations of the Foreign Corrupt Practices Act (FCPA) by providing travel and other things of value to foreign officials, specifically...
South Korean Businessman Receives 5 Years in Prison for Role in $206 Million Contract Fraud Scheme

South Korean Businessman Receives 5 Years in Prison for Role in $206 Million Contract Fraud Scheme

A South Korean businessman has been sentenced in U.S. District Court for the Northern District of Texas to five years in prison for his role in a bribery conspiracy involving a $206 million telecommunications contract and employees of the Army and Air...
Seychelles Government Signs Contract for Fiber Optic Cable Link

Seychelles Government Signs Contract for Fiber Optic Cable Link

The Seychelles government has signed a contract with French company Axiom to carry out a feasibility study on a new fiber-optic cable link. Sources at the Department of Information Communications Technology said on Tuesday that the study will include...
Botswana’s Government Installs Video Conferencing Equipment Donated By China

Botswana’s Government Installs Video Conferencing Equipment Donated By China

The Botswana Government has installed seven sets of video conferencing equipment donated by the Chinese government in the capital Gaborone, and the remaining equipment will be installed later in other parts of the country. Speaking at the ceremony to...
International Monetary Fund Says Niger’s Economy Largely Spared From the Global Economic Turmoil

International Monetary Fund Says Niger’s Economy Largely Spared From the Global Economic Turmoil

The International Monetary Fund (IMF) has said Niger’s economy had largely been spared from the global economic and financial turmoil. Nevertheless, the statement added, economic growth was expected to slow down to 1% in 2009 as a result of the decline...
Ebay Selling Majority Share in Skype Technologies

Ebay Selling Majority Share in Skype Technologies

Skype Technologies S.A. and an investor group led by Silver Lake have announced they have signed a definitive agreement in which the investor group will purchase a 65% interest in Skype Technologies from eBay for approximately $1.9 billion in cash, in...
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