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Africa Oil completes deal with Marathon Oil on Kenya blocks
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| The Canadian oil and gas firm Africa Oil said on Monday it has completed an agreement with Marathon Oil to acquire an interest in two of Africa Oil's Kenyan exploration blocks.
Under the farmout agreement, Marathon Oil acquired a 50 Read More... |
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Africa maintain strong economic growth of 5.2%
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| Africa’s economy is expected to grow at 5.2 per cent this year maintaining an annual growth rate of 2.2 per cent despite setbacks in the global economy. In last year, the economy grew at 4.9 per cent.
According to the World Bank’s new AfRead More... |
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Bharti Airtel may merge India & Africa operations by mid 2013
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| Bharti Airtel, the country's largest telco by revenue and customers, is planning its most significant restructuring by combining its Indian and African operations into a single business entity under a global CEO.
Manoj Kohli, the joint MD of Bharti Read More... |
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African Business Takes to the Skies
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| Business in Africa is getting a big boost from business aviation. The formation of the African Business Aviation Association (AfBAA), which met in Johannesburg last week, is a prime example of business aviation’s positive role in economic develRead More... |
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Africa means business opportunities for China
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| According to the International Monetary Fund (IMF), from 2000 to 2010, six of the world’s 10 fastest-growing economies were in sub-Saharan Africa and the forecast for the next 5 years is even more optimistic.
What does this mean for glRead More... |
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Budget and Mid Market Hotels Show Most Potential for Growth In Africa
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| Budget and Mid Market Hotels provides a huge opportunity for growth in Africa as hotel brands look to expand, as almost all of the internationally flagged hotels in Africa are of a luxury standard. This was the key finding at the African Hotel InvestRead More... |
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Atterbury Set For $157 million Newtown Development Project
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| In a ground breaking investment deal, leading investment and property company, Atterbury Property Group will build a new 1.3 billion rand ($157 million) mixed-use retail and business development, Newtown Junction, in Johannesburg Central Business DisRead More... |
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South Sudan & Sudan sign a deal to resume oil exports
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Oil exports are set to resume from Sudan and South Sudan after their leaders signed trade and security agreements Thursday aimed at ceasing hostilities and setting up a demilitarized buffer zone on their shared border.
The deal averts the Read More... |
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British-Tullow Oil, partners start drilling third well in Kenya
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| British explorer Tullow Oil Plc and its Canadian partner Africa Oil Corp started drilling a third well in Kenya, extending a campaign to discover more reserves after finding oil in the east African country earlier this year.
Drilling of the Read More... |
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Kenya is now ready for Asian-style growth
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| The opportunity in Kenya and Africa is greater than anywhere else in the world today. I believe that over the coming decade, many African countries, Kenya included, have the potential to outpace the growth witnessed in Asia in the past decade.
To ilRead More... |
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South Africa shows interest in mining investment in Odisha(India)
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| Identifying Odisha as a strategic destination for investment in mining sector, South Africa today said its trade delegation would soon visit the state to explore business opportunities.
"Odisha is a mining state and South Africa is a miRead More... |
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United State, G8 expand plan to feed sub-Saharan Africa
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The United States and other G8 nations are expanding a programme to lift 50 million people in sub-Saharan Africa out of poverty and hunger within the next decade, US officials said Wednesday.
More than 60 companies pledging some $4 billionRead More... |
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Africa set for business travel growth - HRG
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| HRG is forecasting that business travel to Africa is set to take off over the next few years.
The business travel giant said that the continent’s “wealth of natural resources” was increasing demand for corporate travel – espeRead More... |
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SOURCING CITY LAUNCHES EXHIBITION OFF BACK OF MARKETPLACE EVENTS
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| The organiser of invitation-only event Sourcing City Marketplace is launching an exhibition for the promotional merchandise industry in January 2013.
Sourcing City Marketplace is exclusively for VIPs and guests of distributor companies with Read More... |
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AGRA and SIDA boost agriculture in Africa
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| THE Swedish International Development Cooperation Agency (Sida) and the Alliance for a Green Revolution in Africa (AGRA) pledged a 16bn (US$10 million) grant to support the development of Africa-based innovations to boost African agricultural growth.Read More... |
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