There are scams and there are scams. A bank that dissapears overnight has amazed all Uganda. 
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The new Madagascan administration has said it has definitely “abandoned” a $6 billion land lease deal that the country’s former administration signed with Korean firm, Daewoo Logistics Corp. 
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The phenomenal growth of phone line coverage in Nigerian continues unabated as the country hits a record 65.5 million phone lines. 
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A consortium of Saudi businessmen is to invest $266million (1 billion Saudi Riyals) buying land in Sudan and Ethiopia to produce food solely for export to Saudi Arabia. 
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Prudential appoints Ivorian born Tidjane Thiam as its next Chief executive to replace outgoing Mark Tucker. 
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It is that time of the year, the American business magazine Forbes has published its annual list of the richest people on planet Earth and we at ClickAfrique have had a look through to see how Africa fared. 
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Ugandans are now able to transfer money using their mobile phones thanks to an initiative by MTN Uganda. 
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Nigeria’s stock market has fallen 30% since January, sending one of the strongest market economies in the world into freefall. 
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Somali piracy in the Gulf of Aden and western fringes of the Pacific Ocean is leading to a likely escalation of shipping and marine insurance costs. 
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The European Commission has announced a ban on all Angolan flag carriers from flying into the European Union’s airspace. 
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Vodafone agrees to pay $2.2bn (ZAR 22.5bn ) to acquire 15% of the Vodacom joint venture it co-owns with South Africa’s Telkom. The deal raises Vodacom stake to 65%. 
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British entrepreneur, Alexander Amosu, who made his fortune in mobile ring tones embarks on his biggest challenge by mentoring young entrepreneurs in Nigeria in a bid to help the continent fight poverty. 
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Reports in the Italian press today suggest the Italian mobile phone company Telecom Italia SpA is considering a tie up with South African mobile giant MTN. 
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It is touted as one of the World’s cheapest cars and the Chinese built Chery QQ 3 is taking South Africa by storm. 
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Telecoms giant Vodafone has announced it has reached agreement to acquire 70% of Ghana Telecommunications Company Ltd (“Ghana Telecom”) 
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Zimbabweans have to contend with the highest annual inflation rate in the world as it rockets to 9 million percent in June.
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The Federal Government of Nigeria and the state governments to spend $10 billion dollar from the Federal Reserve, which had more than tripled in size from $5 billion in 2004 thanks mainly to persistent high oil prices. 
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Burkina Faso, one of the poorest countries in the world is to receive US government funding to help boost its farm productivity and construct roads and schools for girls. 
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The Nigerian Federal Government announced last week that it was looking for companies to replace oil giant Royal Dutch Shell to take control some of the largest oil fields in the world. 
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African markets are expected to grow faster than other emerging markets in the year and offers a tantalising investment opportunity for those looking to invest their money outside the falling markets in the US and Europe. 
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