Zambia will invest $120 million to revamp a railway line linking Africa's top copper producer with South Africa to move transport from road to rail, its finance minister said on Friday.Zambia exports the bulk of its copper through the port of Durban in South Africa, but most mining companies transport the metal by road because railway transport has been unreliable.Finance Minister Alexander Chikwanda told a media briefing that $120 million of the $750 million Zambia raised through a debut eurobond on Thursday would be spent on the rail line."The matter of investing in Zambia Railways is of top priority and of extreme urgency," he said.Increasing use of rail will reduce the amount of money spent repairing roads damaged by heavy trucks, Chikwanda said.

Tweet Sep 10 2012, 5:18 PM ET Comment Europe's arbitrary post-colonial borders left Africans bunched into countries that don't represent their heritage, a contradiction that still troubles them today. South Sudanese officials look at the newly unveiled map of Sudan after separation.

The InformationWeek 2012 IT Salary Survey reports that IT salaries still are rebounding from the implosion of the IT bubble, the collapse of the banking sector, the housing market collapse, the trouble with tribbles, etc.Generally, the numbers reported by the salary survey are disappointing, with salaries increase very little.

Figures on China's land acquisition in Africa are often exaggerated; while it has been suggested that China owns over three million hectares of land in Africa by some sources, China has yet to obtain land over 50,000 hectares. There "are … no known examples of Chinese land acquisitions in Africa in excess of 50,000 hectares.

Abidjan - Gunmen attacked a border post on Ivory Coast's volatile western frontier with Liberia on Monday, the latest in a series of raids on police and army installations, the United Nations mission in the country and local residents said.

ABIDJAN (Reuters) - Gunmen attacked a border post on Ivory Coast's volatile western frontier with Liberia on Monday, the latest in a series of raids on police and army installations, the United Nations mission in the country and local residents said.

ABIDJAN (Reuters) - Gunmen attacked a border post on Ivory Coast's volatile western frontier with Liberia on Monday, the latest in a series of raids on police and army installations, the United Nations mission in the country and local residents said.

Container traffic through Kenya's main Mombasa port, which also serves several other countries in East Africa, grew 24 percent in the first half of 2012, helped by improved cargo handling and a stabilising global economy, its operator said.The traffic is usually an indicator of economic activity in the East Africa region.The port handled 10.7 million tonnes of cargo over the first-half of the year, up from 9.3 million in the same period in 2011. The growth in cargo volumes and hence the demand for services at the Port of Mombasa has grown progressively

NAIROBI, Kenya – Masked gunmen sprayed bullets and hurled grenades at two churches in a northern Kenyan town on Sunday, killing at least 15 people and injuring scores more, police officials said. It was the latest in a series of attacks on this East African nation allegedly linked to al-Qaeda militants in neighboring Somalia.

Israeli immigration officers escort an African migrant carrying luggage in south Tel Aviv. African migrants chosen for deportation were nervously awaiting a knock on the door or a tap on the shoulder as Israeli immigration officials rounded up hundreds for departure flights.

CHINA – If one looks for evidence that the increased competition in the country’s air freight market has grown ever keener the news this week that Jade Cargo International has folded will doubtless send a chill down the collective spines of those who saw the expanding sector as hope for the future.

Africa's aviation market is set to soar in the coming years, powered by the resource-rich continent's robust economic growth and burgeoning consumer market, which are multiplying business and leisure travel. Photograph by: Fred Dufour , Getty Images DAKAR - Gervais Djondo is a man with a dream.

The former industry minister of the west African state of Togo has set himself a mission to create a pan-African airline serving the continent, an elusive goal since a previous venture, Air Afrique, collapsed under a pile of debt in 2002.

CAPE TOWN (Reuters) - South African state logistics group Transnet expects coal transported along its lines to triple to 30 million tonnes within seven years to meet demand at coal-fired power stations, a presentation showed on Tuesday.

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Tue May 22, 2012 12:46am EDT The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: NIGERIA - Interest rate decision MALAWI - Inflation rate for April RWANDA - Finance ministry event on donor budget support SOUTH AFRICA - Bond auction. Treasury has offered 2.

South African state logistics group Transnet expects to transport at least 73 million tonnes of coal through the Richards Bay Coal Terminal (RBCT) in the current financial year to end-March, a senior official said on Friday. Transnet moved 68 million tonnes of coal through RBCT in the last financial year.

Sub-Saharan Africa's economies will expand at a slower rate in 2012 than earlier projected, undermined by global financial distress and a sluggish recovery in South Africa, the International Monetary Fund (IMF). Africa's growth has remained above 5 percent in the last eight years, underpinned by strong prices for its natural resources, better governance and growing disposable incomes. In its latest Regional Economic Outlook, the IMF forecast 5.4 percent growth this year from 5.1 percent in 2011. Its previous projections were 5.9 and 5.5 percent respectively.

JOHANNESBURG May 11 (Reuters) - South African state logistics group Transnet expects to transport at least 73 million tonnes of coal through the Richards Bay Coal Terminal (RBCT) in the current financial year to end-March, a senior official said on Friday. Transnet moved 68 million tonnes of coal through RBCT in the last financial year.

By Kate Kelland ACCRA | Thu Apr 26, 2012 5:37am EDT ACCRA (Reuters) - When Odei Antwi-Agyei had the chance of introducing vaccines to prevent Ghana's children dying of diarrhea, or vaccines to stop them dying of pneumonia, he did what no African immunization chief has done before. He said he'd do both at the same time.

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G. Pascal Zachary - G. Pascal Zachary, a former foreign correspondent for The Wall Street Journal, is the author of Married to Africa. He is a professor of practice at the Walter Cronkite school of journalism at Arizona State University.

Djibouti's port authority is close to securing $4.4 billion from international banks to finance the building of five new ports in the next four years to meet growing demand for trade boosted by South Sudan's gaining of independence.