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Aggreko secures $200m deal in southern Africa
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| Temporary energy supplier Aggreko is stepping up its presence in Africa after signing a $200 million (£133m) contract to provide power to the national utilities in Mozambique and Namibia for the next two years.
The firm’s shares Read More... |
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New Online Hub To Help African Businesses
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| Microsoft has used the National Small Business Chamber’s (NSBC) myBusinessExpo in Midrand to unveil several initiatives to support and create small businesses in South Africa, including an SME online hub that will provide free support and resouRead More... |
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Tanzania Earns U.S. $81 Million From Cotton Exports
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| Reports indicate that last year Tanzania generated close to $81.52m from cotton exports.
Of the harvest, 80% of is exported to Asia.
The Tanzania Cotton Board (TCB)'s Ag Director General, Mr. Gabriel Mwalo told East African BusinessRead More... |
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Dar es Salaam Welcomes More Indian Investments
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| TANZANIA'S investment promotion agencies on Thursday invited Indian investors into the country, promising unrivaled supportive business environment.
Speaking at a half-day seminar on "Doing business with India" in Dar es Salaam, thRead More... |
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Africa's sky opening for new business
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| SAA is not the only international airline that has struggled in the past few years. But in spite of the industry’s difficulties, which have caused some to go out of business and others to amalgamate, passenger numbers have almost doubled since Read More... |
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Planner confident of China economy
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| China's economy will sustain a durable development, the country's chief economic planner predicted as he praised the 7.8 percent growth last year.
Zhang Ping, head of the National Development and Reform Commission, told reporters last year'sRead More... |
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China keeps 2013 GDP growth target unchanged at 7.5%
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| China maintains its 2013 gross domestic product (GDP) growth target unchanged at around 7.5 percent this year to leave some leeway for economic restructuring, according to a government work report to be delivered by Premier Wen Jiabao at the annual lRead More... |
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Ghana Targets 8% Economic Growth
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| Ghana targets an economic growth of 8 percent this year, according to the country’s 2013 budget read in Parliament by Finance Minister Seth Terpker.
The 8 percent growth includes the oil sector, the Minister said as he announced macroeRead More... |
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West African Economy Records 6.9% Growth In 2012
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| The West African economy grew at a rate of 6.9 percent during the year 2012, an increase over the 5.9 percent in 2011, regional bloc ECOWAS announced March 1, 2013.
The achieved economic growth in the sub-region was more than double the globRead More... |
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Kenya to gain from PE firms' dollars
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| Kenya is set to be a major beneficiary of an increasing shift by private equity investors to frontier African economies, auditing and financial consultancy firm Ernst & Young has predicted.
E&Y says in a new report that investors areRead More... |
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Indian textile companies hold exhibition in Nigeria
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| The first-ever Indian Textile Exhibition (INTEXPO) in Nigeria today drew an enthusiastic response, with both business firms and visitors present in large numbers on the inaugural day of the event.
Organised by the Synthetic and Rayon TRead More... |
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The 17th Annual Addis Chamber International Trade Fair
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| The 17th annual Addis Chamber International Trade Fair (ACITF), a week-long event being held in Addis Ababa, will conclude on Wednesday February 27th.
Organized by the Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA), the evRead More... |
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Region to Grow At 6.3 Percent in 2013
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| Eastern Africa is expected weather down the global economic effects to post an economic growth rate of 6.3% in 2013, an economist has said.
Mr. Andrew Mold, a Senior Economist and Head of the Macroeconomic and Social Policy Analysis Cluster Read More... |
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Rwanda's new FinMin to keep policies for growth
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| Rwanda's central bank governor Claver Gatete was named finance minister in a direct swap with his predecessor, and said on Tuesday he had no plans for a major shift in macroeconomic policy.
Gatete was credited with overseeing a period of relRead More... |
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China to offer fiscal support for service businesses
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| The Chinese government will provide subsidies and rewards for several types of business projects in the service sector, according to finance and commerce authorities.
Funds will be allocated from the central coffers to benefit housekeeping, Read More... |
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