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IFC invests $63m in affordable housing in Africa
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| THE International Finance Corporation (IFC), the largest global development institution, said on Tuesday it had invested more than $63m in a housing solutions fund for the support and development of affordable housing in South Africa and sub-Saharan Read More... |
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Telecoms deals to benefit Africa
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| TWO market-shifting deals this week have deep implications for the African cellphone and telecoms markets.Vodafone’s $130bn sale of its 45% stake in the American mobile network operator Verizon Wireless is the third-biggest corporate deal in hiRead More... |
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South Africa sells $2-billion of government bonds
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| South Africa issued the bonds due in 2025 to yield 6%, or 3.15% above US Treasuries on Monday. It originally planned to sell $1.5-billion of the debt to yield as much as 3.3 percentage points above Treasuries, according to a person familiar with the Read More... |
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Nigeria closes gap on South Africa's investment lead
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| WHILE South Africa remains the most attractive corporate investment destination in Africa, Nigeria is nipping at its heels and may overtake it as soon as next year, according to a new survey.Nigeria has moved into second place, from third last year, Read More... |
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Daimler launches India-made Fuso trucks in Kenya
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| German automobile major Daimler AG Friday said it has launched its Fuso range of trucks built at its Indian plant here in Kenya and soon the trucks would be sold in Sri Lanka.
In a statement issued here, Daimler India Commercial Vehicles PvtRead More... |
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Kenya: First eurobond may be $1.5bn
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| Kenya planned to raise at least $1.5 billion (R15bn) in a debut dollar-denominated sovereign debt offering, Economic Secretary Geoffrey Mwau said yesterday, confirming the Treasury’s announcement last week that it would seek more than initiallyRead More... |
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UK to double trade with Kenya in 5 years
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| British High Commissioner to Kenya Christian Turner has confirmed ongoing plans to boost the United Kingdom’s balance of trade with Kenya through enhanced retail sector partnerships.The plans, Turner disclosed, will involve the provision of comRead More... |
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Recycling factory to help Kenya fight e-waste
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| The fight against e-waste will gain momentum in Kenya with the expected opening of a new recycling plant in Nairobi.The new factory will be a collaboration between East African compliant Recycling (EACR), DEG (Deutsche Investitions-und EntwicklungsgeRead More... |
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Kenya's finest Summit Malt gets new look
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| Keroche Breweries Limited is planning to increase its market share by up to 20 percent.Keroche Breweries Limited Chief Executive Officer Tabitha Karanja says the company is putting up strategies to position itself competitively in the market, to retaRead More... |
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Mauritius overtakes SA as most competitive country in sub-Saharan Africa
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| THE Indian Ocean island of Mauritius has overtaken South Africa as the most competitive country in sub-Saharan Africa, a key survey showed on Wednesday.The World Economic Forum’s (WEF) global competitiveness report shows South Africa’s coRead More... |
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Scramble to bring Africa's green revolution back to life
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| AFRICA is producing as little as a third of the world’s average grain yields 10 years after the continent pledged to unleash a "green revolution", says a report by the Alliance for a Green Revolution in Africa (Agra)."In Asia, grain yields haveRead More... |
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Ghana to take advantage of Japan's $32b for Africa
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| Minister of Energy and Petroleum, Emmanuel Armah Kofi-Buah has disclosed Ghana’s willingness to take advantage of the Japanese government’s proposed $32billion intended to support developing economies in Africa.The proposed fund will be cRead More... |
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Mozambican gas-fired plant sends power to Namibia
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| AGGREKO, a London-listed provider of temporary power generation, along with South African project partner the Shanduka Group and the Southern African Power Pool (Sapp), has expanded output at its gas-fired power plant at Ressano Garcia, on the MozambRead More... |
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Mwana Africa appoints industry veteran as chairman
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| MINING company Mwana Africa on Tuesday announced the appointment of Mark Wellesley-Wood as its new nonexecutive chairman.
Mr Wellesley-Wood is a mining engineer with more than 40 years’ experience in both the mining and investment banking induRead More... |
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MasterCard to drive African business with new appointment
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| MASTERCARD has appointed Keisha Clark as Vice-President and Business Leader of Business Development in West Africa.In her new role, Keisha will be tasked with expanding MasterCard’s business in Anglophone West Africa, a region of five countriesRead More... |
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