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Ethiopia transfers journalist Woubshet Taye to remote prison
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| NEW YORK, April 23, 2013/African Press Organization (APO)/ -- The Committee to Protect Journalists protests Ethiopian authorities' transfer of independent newspaper editor Woubshet Taye to a remote prison several hours away from his family's home. WRead More... |
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South Sudan Border With Sudan Reopened For Business
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| “The borders have officially opened because when the two presidents of the two sovereign states came together and confirmed to their public that the borders are officially opened, then obviously the borders are officially opened,” said CoRead More... |
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Rosneft Offers to Buy 21% of Italy's Saras for EUR273.5 Million
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| Russian state-owned oil giant OAO Rosneft (ROSN.RS) Monday said it offered to buy a combined 21% stake in refinery Saras SpA (SRS.MI) for a total 273.5 million euros ($358.3 million), as Russian companies expand into the ailing Italian refining markeRead More... |
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China's film, TV business generate $15.5 billion in annual revenue
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| China’s film and television business generated revenue of $15.5 billion, or 100 billion yuan in local currency, and supported more than 900,000 jobs in 2011, according to a new study by the Motion Picture Assn. and the China Film Distributors aRead More... |
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Safaricom share gets lift from signs of profit growth
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| International investment banks Morgan Stanley and Renaissance Capital have predicted that Safaricom’s share price could hit seven shillings, driven by investor expectations of improved performance for the telecommunications firm.
In seRead More... |
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SGX sees big prospects in Asian FX futures business
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| Having just announced its best quarterly financial performance in five years and a second quarter of record volumes in its derivatives business, the Singapore Exchange (SGX) hopes geographic advantages will help make a success of its new menu of AsiaRead More... |
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Tanzania signs $196.5mn loans with the World Bank
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| Tanzania has signed three loan agreements with the World Bank worth $196.5 million to strengthen its energy sector following major gas discoveries, the country's finance ministry said in a statement on Saturday.
Statoil and Britain's BG Group said iRead More... |
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Kenya tops in EA 2012 private equity deals
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| Kenya attracted six private equity deals in 2012, the highest in East Africa, according to the 2013 Deloitte East Africa Private Equity Confidence report.
Private equity is money invested in firms which have not ‘gone public’ and therefoRead More... |
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AfDB approves Sh19.5 billion for Kenya - Tanzania road project
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| The African Development Bank (AfDB) has approved two loans totalling Sh19.5 billion (USD232.5m) for the 157.5-km road project from Arusha to Holili in Tanzania, and Taveta to Voi in Kenya.
A statement from the regional bank issued in NairobiRead More... |
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Mahindra Satyam may buy firm in S. Africa
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| Mahindra Satyam is looking at acquiring a company in South Africa. The IT company, which is already present there, is reportedly eyeing a firm in areas such as infrastructure management.
The company is expanding its presence in Africa, LatinRead More... |
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Africa on track for solid economic growth
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| The International Monetary Fund's latest World Economic Outlook predicted economic activity in Africa's reinvigorated economies will "remain robust" this year and next.
Regional GDP is expected to increase 5.6 per cent in 201Read More... |
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'Made in India' label should inspire confidence in Africa : Zimbabwean envoy
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| People in the African continent need to be made aware of the changes in India and that "Made in India" products can be of high quality, says a senior African diplomat based here.
"People in Africa also need to be made aware thRead More... |
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Imperial aims to double Africa business
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| South Africa's Imperial Holdings aims to double its core profit from the rest of Africa in at least three years and is looking for acquisitions to fuel the growth, its chief executive said on Thursday.
Hubert Brody told the Reuters Africa InRead More... |
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Kenya Power signs 140 MW power purchase deal with AGIL
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| Kenya Power has signed a deal to buy 140 MW of geothermal electricity from private producer AGIL for 25 years starting in 2018, Kenya Power said in a statement on Monday.
Demand for electricity from firms and homes outstrips Kenya's installeRead More... |
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Indian power sector gaining ground in South Africa
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| The Indian power sector is gaining ground in South Africa, where it is hoping to secure at least five per cent of global exports currently dominated by European exporters by 2020, said Sanjeev Sardana.
Sardana, chairman of Indian Electrical Read More... |
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