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New Formalities for Visas Come Into Force
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| At least 80 African nationals have so far benefited from the new initiative of issuing entry visas upon arrival for those who travel to Rwanda, a new immigration and emigration policy effected early this week.
Among those, 73 of them who camRead More... |
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Investments, Exports Top Economic Growth
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| Foreign investments and exports are among the top performers in 2012 showing a positive outlook for the economy despite global shocks that characterised the whole year, pushing the country's trade deficit up further.
According to Francois KaRead More... |
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How Rwanda Maintained 7.7 Percent Economic Growth Rate
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| The country's general economic environment was characterised by several upward and downward spirals that were nonetheless kept within control limits.
Growth and development was normal, but most importantly, Rwanda maintained its position as Read More... |
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Investment firms cut funding for new projects in Kenya
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| Europe-based development finance institutions (DFIs) cut new investments in Kenya to nearly a third last year in what analysts link to their rising preference to put more money in poorer countries like Ethiopia and Tanzania.
GerRead More... |
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JSE's all-share inches to record close
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| South Africa's All-share index, the broadest measure of Johannesburg stock performance, edged to another record close on Friday, as a gain by index heavyweight MTN Group helped offset a sell-off in gold mining firms.
The benchmark Top-40 indRead More... |
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Chinese exports to Africa still rising
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Expectations that sales of China’s manufactured goods to Africa would shrink have been misplaced, according to Standard Bank researchers Simon Freemantle and Jeremy Stevens.
Although China’s cost competitiveness has eroded in recent yeRead More... |
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Wealthy Gulf investors warm to Africa
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| Wealthy Gulf Arab companies are boosting their investment in Africa's vast lands and untapped resources, marking a shift for investors who have traditionally directed their money towards assets in the United States and Europe.
One reason forRead More... |
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Ivory Coast aims to boost oil output after discoveries
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| Ivory Coast hopes to raise its oil output to around 200,000 barrels per day in five years from 32,000 bpd now thanks to recent discoveries and ongoing exploratory drilling, a top oil official said.
Oil exploration off Africa's west coaRead More... |
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China and Taiwan team up in airline alliance
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| Three Chinese airlines formed a regional alliance with a Taiwan carrier Thursday in a further sign of thawing relations between the two sides on the Taiwan Strait.
The agreement was signed between the Chinese carriers China Eastern, Read More... |
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Printerland eyes £1m boost from new South Africa office
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| VAR Printerland hopes to generate more than £1m this year from its nascent South African business after opening an office in Cape Town.
The Altrincham-based firm has previously stated its desire to make moves into the market anRead More... |
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Nokia Siemens Networks Combines Middle East, Africa Business Regions
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| Nokia Siemens Networks is bringing together its business in the Middle East and Africa into a new, single, regional organization structure covering the Middle East & Africa (MEA). Igor Leprince, who was leading the company’s business in theRead More... |
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Manufacturing growth accelerates in China
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| China's manufacturing grew at its strongest rate in 18 months in December but new exports fell from the previous month due to weak global demand, a survey showed on Monday.
HSBC Corp said its monthly purchasing managers' index rose to 51.1 pRead More... |
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Canpotex to ship 1 million tonnes of potash to China
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| The Canpotex marketing agency for three of the largest potash producers in Canada has agreed to sell one million tonnes of the crop nutrient in the first half of 2013 to a major Chinese customer.
Canpotex says the price will be $70 US per toRead More... |
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Wealthy Gulf investors warm to Africa
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| Wealthy Gulf Arab companies are boosting their investment in Africa's vast lands and untapped resources, marking a shift for investors who have traditionally directed their money towards assets in the United States and Europe.
One reason forRead More... |
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Curio Trade Booms in Malindi
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| CURIO traders in Malindi are making booming business during this festive season compared to the last few months. Speaking to the Star yesterday at Malindi Tourists Market, trader Teresia Edward said business has picked up as from December 1.
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