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China to provide Africa with US$1tr financing
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| The central government, including state-owned banks, will provide US$1 trillion of financing to Africa in the years to 2025, says Zhao Changhui, the chief country risk analyst at Export-Import Bank of China (Eximbank).Eximbank, a leading lender to ovRead More... |
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Glo emerges one of Africa's 5 biggest brands
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| Leading telecommunications operator, Globacom has emerged as one of the five best brands in Africa in the latest survey conducted by Brand Africa and published in African Business magazine. Brand Africa said that Globacom, the parent company of Read More... |
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Business execs gain insight into working in Africa
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| Earth Networks has set up its weather monitoring systems worldwide but only recently entered Africa.What the 160-employee Germantown company, which operates the WeatherBug brand, has found is a continent eager for technological advancements, said JohRead More... |
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Uhuru to attend 3rd Africa-Arab Summit in Kuwait
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| The President will be joining more than 65 other leaders from Africa and the Arab world for the third Arab-Africa economic summit.
The summit, whose theme is “Partners in Development and Investment” is expected to launch a new phase of ARead More... |
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Ophir agrees $1.3 billion sale of stake in Tanzania gas field
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| Africa-focused British oil explorer Ophir Energy <OPHR.L> said on Thursday it had agreed to sell a 20 percent stake in part of its gas fields in Tanzania to Pavilion Energy for $1.3 billion.
The company said in October that it was in the proceRead More... |
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Business tempo picking up in Tanzania
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| “There is a huge transformation that has taken place. Even though Tanzania currently has many challenges, the situation was significantly worse in the ’90s. We had electricity outages four days a week. The roads were very poor. In Dar es Read More... |
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India's Global Hospitals sets up base in Kenya
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| Within months of Metropolis Health of Mumbai setting up shop in Kenya's capital, another Indian medicare provider is set to enter the East African market.India's Global Hospitals is partnering with Kenya's upmarket Karen hospital in Nairobi to offer Read More... |
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Kenya shops for new Mombasa refinery partner
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| The Government is considering inviting bids for a new investor for region’s only oil refinery, or converting it into a storage plant, after co-owner India’s Essar Energy said it plans to exit, officials revealed Friday.Essar said in OctobRead More... |
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Kenya, Kuwait sign new trade pact
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| Kuwait Ambassador to Kenya Yaqub Alsanad said under the agreements, Kenya and Kuwait will avoid double taxation on income and capita, as well as promote and protect foreign investments in the two countries.Alsanad also revealed that two other agreemeRead More... |
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Africa to celebrate two decades of Mining Indaba
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| “We are delighted to be celebrating twenty years of contribution to Africa’s economy and the success of an industry,” said Jonathan Moore, Managing Director of Mining Indaba LLC. “We have the global mining community, investorsRead More... |
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Pirates Plunder West Africa Oil and Gas Riches
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| West Africa is experiencing a surge in piracy, with well-organized hijackers targeting the region’s growing oil and gas industries, writes national security expert Dr. James Jay Carafano in World Review.
Although efforts to combat crime at seaRead More... |
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Hydrogen to power African smartphones
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| UK company Intelligent Energy believes it has come up with a technology — based on hydrogen fuel cells — that will allow millions of people across Africa with no access to electricity or an unreliable supply of power to keep their mobile Read More... |
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U.S. Leads Initiative to Increase Energy in Africa
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| In five years' time, Africa might see significant improvements in energy, thanks to a US-led initiative called "Power Africa" unveiled by President Barack Obama during a recent three-nation visit to the continent.Students will be able to study after Read More... |
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Solar Power-The Future Energy Resource For Africa
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| The “second liberation” of Africa would be the use of solar energy to generate electricity to power our homes and industries. Leaders and people of Africa ought to pull themselves out from poverty by utilising the vast amount of solar eneRead More... |
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DHL Announces New Investments in Infrastructure in West Africa
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| DHL, a global logistics company, has announced investment in a facility and air infrastructure in West Africa, to meet the demand for express and freight services in the region. The recent investment includes the launch of a new airside facilityRead More... |
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