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Africa Alert

Africa Investment

Published: 25 Sep 2019 19:49

 Africa Investment (121) 

Top Stories

Africa, EU: Promoting relationship between African Union and European Union is a priority

Foreign Minister Augusto Santos Silva said promoting the relationship with the African Union will be a priority during Portugal's presidency of the ...

Source: Invest In EU (20 Sep 2019 )  Share

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Africa: Where to Invest in Africa 2020

RMB Global Markets Research is proud to present its ninth edition of Where to Invest in Africa, which analyses 54 African economies according to their ...

Source: Moneyweb (18 Sep 2019 )  Share

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Africa: Africa urged to constructively invest in mining sector

The African Union Development Agency-NEPAD is urging for utilization of extractive industries in fueling sustainable and inclusive economic growth.

Source: KBC Channel (19 Sep 2019 )  Share

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Egypt: Investment trip to Egypt: One of the most exciting African countries today

By Cavan Osborne, Portfolio Manager, Old Mutual Equities. We were advised that early August was not the best time to visit Egypt - the weather is ...

Source: How We Made it in Africa (20 Sep 2019 )  Share

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Kenya: Kenya’s strategy in capturing more Asian investments - The Exchange

Kenya is strategically positioning itself as the gateway to the vast African market as it seeks to attract investments into the country. President Uhuru Kenyatta who has been on a charm offensive in foreign markets has called on Asian economies to use Kenya as a gateway to Africa’s market of over 1.2 billion people that is worth more than US$ 29 trillion. President ...

Source: The Exchange (General) (22 Sep 2019 )  Share

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Nigeria: World Bank in talks with Nigeria for fresh R37bn loan

The World Bank and Nigeria are in talks for as much as $2.5bn (R37bn) in a new tranche of concessionary lending to Africa’s most populous country, Vice President for Africa Hafez Ghanem said. In the past year Nigeria received $2.4bn from the World Bank, Ghanem said in an interview in Abuja, the West African nation’s capital, late on Wednesday. "We’re talking ...

Source: News24 (20 Sep 2019 )  Share

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Southern Africa, UK: UK agrees on trade continuity with six African nations

The UK has initialled an economic partnership agreement with the Southern African Customs Union and Mozambique (SACU+M) that will allow the business to keep trading freely after Brexit This agreement will be subject to final checks before it is formally signed. The agreement allows businesses to continue to trade on preferential terms with South Africa, Botswana, Lesotho, Namibia, Eswatini and Mozambique. It also supports the economic development of these Commonwealth partners laying the foundations for new trade and investment in the future. This will help to strengthen further the trading relationship between the UK and SACU+M nations, which was worth US$12bn last year.

Source: African Review (19 Sep 2019 )  Share

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Uganda, Russia: Russia’s diplomacy in Africa is going nuclear

Uganda this week signed an agreement with Russia to build capacity in the use of nuclear technology for energy and other peaceful purposes. The deal is the latest on a growing list of nuclear cooperation agreements Moscow has signed with African countries in recent years.

Source: How We Made It in Africa (20 Sep 2019 )  Share

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Africa

Africa, India: DP World focuses investment billions in India and Africa ports

DP World is focusing future outside investments in building port and logistics infrastructure in India and Eastern Africa in the next decade.

Source: riviera (22 Sep 2019 )  Share

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Africa: Winning the East and West African Markets In the United States and Abroad

Bringing Africa Into the Fold We talk about the United Kingdom. We talk about Canada. We talk about Singapore, Sweden, Australia, and Germany. In fact, when it comes to international expansion, there’s a buzz in just about every corner of the globe, but we rarely discuss the exciting progress taking place in several countries that make up the African continent. Even within the United States, companies looking to expand their target audience don’t often consider the growing African immigrant population right here at home. Traditionally, the entire African continent and the African diaspora have been largely left out of these conversations, but that’s all about to change. It’s high time we bring the youngest (and the oldest) continent, along with its people, into the fold.

Source: Slator (13 Aug 2019 )  Share

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Africa: Public-Private investor partnership commits to impact fund for renewables in Africa

A partnership of public and private investors today signed an agreement to carry out the first round of equity funding for small and medium-sized (1-10 MW) clean energy plants, initially focusing on Africa. Titled Empower Invest, the fund will contribute to the know-how and equity to implement solar PV, small hydro and hybrid plants.

Source: Energy Mix Report (18 Sep 2019 )  Share

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Africa: OnlineTenders Expands its Market from South Africa into Africa

OnlineTenders proudly reports the expansion of its geographic markets from South Africa into Africa. The market leader will be offering a uniform monthly country package across Africa. This move is in line with several other growth and expansion initiatives the leading online tenders service has been taking.

Source: Yahoo Finance (18 Sep 2019 )  Share

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Africa: 8 ETFs to Take Advantage of the Next Emerging Economies

Market Vectors Africa Index (NYSEArca: AFK): seeks to replicate as closely ... iShares MSCI South Korea Index (EWY): seeks to track the investment ...

Source: ETF Trends (16 Sep 2019 )  Share

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Africa: Towards a prosperous Africa - Partnerships for impact

Investments in higher education yield high returns of up to 21% in Africa, the highest in the world. Data shows that a one-year increase in average ...

Source: University World News (21 Sep 2019 )  Share

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Africa: Accor to partner with Forum sur l'Investissement Hôtelier Africain

Bench Events has revealed Accor will be the host sponsor of the Forum sur l’Investissement Hôtelier Africain in 2020. The show is the Francophone sister event of the Africa Hotel Investment Forum, the premier hotel investment conference on the continent.

Source: Breaking Travel News (22 Sep 2019 )  Share

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Africa: Huawei Director pushes for digital investment in Africa

Policy makers and business leaders in Sub Saharan Africa must take advantage of the growing digital space to promote socio-economic well-being by investing in fourth generation of mobile network (4G) and Long Term Evolution (LTE). The Huawei Southern Africa Region Director for Strategic ...

Source: The Citizen (21 Sep 2019 )  Share

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East Africa

East Africa: The stock market is for long-term investment

The bottom line is, my chama's two-year investment in the East African stock market had translated to paltry dividends and Sh145,000 loss in value.

Source: Daily Nation (17 Aug 2019 )  Share

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Djibouti: Un important accord-cadre signé aujourd'hui entre la République de Djibouti et ITFC

Djibouti - La Société Internationale Islamique de Financement du Commerce (ITFC), membre du Groupe de la Banque Islamique de Développement (BID), a signé un important accord-cadre de financement du commerce avec la République de Djibouti. L’accord-cadre a été signé entre le Directeur Général de ITFC, Eng. Hani Salem Sonbol et le Ministre des Finances S.E.M ...Translate

Source: Alwhida Info (Africa) (17 Sep 2019 )  Share

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Ethiopia, China: Roundup: Ethiopia eyes cooperation with Alibaba to promote digital economy

"There is currently a lot of Chinese investment in Ethiopia," Seyoum said, ... Amid Alibaba Group's keen interest to promote digital economy in Africa, ...

Source: xinhuanet (14 Aug 2019 )  Share

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Ethiopia: Total pledges to invest USD 100 mln

The longest-serving fuel and lubricants marketing company in Ethiopia, Total Ethiopia SC, has pledged to invest USD 100 million in Ethiopia if the government makes adjustments on the profit margin of fuel distribution prices. Thibault Lesueur, managing director of Total Ethiopia, told The Reporter that if the government revises the margin then Total can invest 100 million dollars in Ethiopia in the coming five years. “Total is committed to deliver quality products to the Ethiopian market

Source: The Reporter (21 Sep 2019 )  Share

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Kenya, Singapore: President Kenyatta holds bilateral talks with Singapore PM

President Kenyatta called for investments in Kenya's plan to build new ... investment for players with a strategic interest in tapping into one of Africa's ...

Source: KBC Channel (20 Sep 2019 )  Share

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Kenya, Tanzania: Why Tanzania is digitizing cashew nuts auction - The Exchange

Cashew nuts are now going digital in Tanzania. This robust move will be one among other new things to be ushered by the ministry of agriculture, in its quest to realize the development of the sector and fueling the industrial revolution in Tanzania via agricultural raw materials. Minister of Agriculture Japhet Hasunga, before members of the press, September 20 gave out ...

Source: The Exchange (General) (22 Sep 2019 )  Share

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Kenya, UK: Kenya, UK seek to seal post-Brexit trade deals by January

Kenya is hoping to seal a post-Brexit trade agreement with the United Kingdom by the start of next year, to create continuity in market access. Kenya’s High Commissioner to the UK Manoah Esipisu says he expects a post-Brexit agreement to borrow a leaf from one already signed by southern African countries, besides ...

Source: Daily Nation News (21 Sep 2019 )  Share

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Kenya, USA: Uhuru meets US senators at State House, Nairobi

President Uhuru Kenyatta on Friday hosted two visiting United States of America senators at State House in Nairobi ... security, investment and wildlife conservation with US being a major partner of ... President Donald Trump is yet to visit Africa ever since he took over from ... Kenya is a strategic partner of the US in East Africa and has often given ...

Source: Hivisasa (17 Aug 2019 )  Share

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Kenya: Kenya to host inaugural Africa Food Show next year

Kenya will next year host the inaugural Africa Food Show that will bring together policymakers, industry executives, farmers and consumers to learn about emerging trends in trade on agricultural commodities, organizers said Tuesday. The premier event, which will take place in Nairobi ...

Source: IOL Independent (19 Sep 2019 )  Share

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Kenya: Developing Countries are Advancing Clean Energy

Developing nations eclipsed wealthier nations in clean energy investment for the ... As Africa's first geothermal power producer, Kenya is literally changing its ... Kenya's government has been investing heavily in renewable energy.

Source: Borgen  (14 Aug 2019 )  Share

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Kenya: Economy needs venture capital to grow

There are many entrepreneurs with great business ideas in Kenya who are in need of financing. But it is frustrating to have a great idea that you cannot fund. Many start-ups lack the right capital mix and the challenge is that Kenya does not have many home-grown venture capitalists and angel investors willing to take ...

Source: Daily Nation (20 Sep 2019 )  Share

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Kenya: Strategic investments pay off for Kenya's largest brewer

East African Breweries Limited (EABL) is reaping the rewards of its decision to invest in key assets, as its managing director and CEO explains to Tom ...

Source: African Business (15 Aug 2019 )  Share

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Kenya: Mombasa port records decline in transit cargo

Ethiopia's drop could be attributed to its investment in two of Djibouti's ports and ... According to the East Africa Logistics Survey, the average cost of ...

Source: The East African (21 Sep 2019 )  Share

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Kenya: International HE partnership cracks drought debt problem

Researchers from the University of Greenwich in the United Kingdom in partnership with the International Food Policy Research Institute (IFPRI) have created a first of its kind credit scheme to cushion smallholder farmers in Kenya’s dryland areas from frequent droughts. “With this scheme, when the rainfall is below average, the digital insurance pay-out will be triggered and farmers are protected against losses,” Apurba Shee, the lead researcher and a senior lecturer at the Natural Resources Institute, University of Greenwich, told University World News.

Source: University World News (21 Sep 2019 )  Share

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Madagascar: Par sa participation à la FIA, Airtel Madagascar présente ses solutions numériques au profit du secteur agricole

(AIRTEL MADAGASCAR) - Du 12 au 15 septembre, Airtel Madagascar s'est démarqué du lot en affichant grâce à ses offres à la fois abondantes et accessibles. Le Réseau des smartphones conquiert tous les acteurs du domaine agricole mais aussi de tous les visiteurs de la FIA à profiter de son dynamisme illustré à travers des produits innovants, des offres exceptionnelles et ...Translate

Source: Agence Ecofin (18 Sep 2019 )  Share

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Rwanda, USA: Rwandan firm in deal for US's cancer drug

It is however not available in Africa, although 90 per cent of the Kaposi ... -We recognise it is an area we need to invest more, especially when it comes ...

Source: The East African (11 Aug 2019 )  Share

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Rwanda:  Rwanda's Lessons on Universal Health Coverage

Rwanda, the land of a thousand hills, is clean, orderly and blessed with great weather. It also has achieved universal health coverage. During a recent visit there as part of my Atlantic Fellows for Health Equity at George Washington University, I learned more about what this looks like in their country. As a physician who advocates for health in my country of Nigeria, I ...

Source: Nigeria Health Watch (19 Sep 2019 )  Share

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Rwanda:  Rwanda Unaffected as Andela Lays Off Staff

No Rwandans will be affected by the restructuring and consequent lay off by Andela, a leading technology training and job placement firm. The firm entered the local market in 2018 after cabinet approval and the signing of an MOU on the establishment of a Pan-African tech hub. In a statement by Jeremy Johnson, the Chief Executive and Co-Founder of Andela, said that as ...

Source: The New Times (19 Sep 2019 )  Share

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Somalia, Saudi Arabia, Qatar: Saudi Arabia and Qatar race to increase their influence in Somalia

Saudi Arabia and the UAE have seen the Horn of Africa as a strategic point ... Investments and political support were also warmly welcomed by local ...

Source: he New Arab (20 Sep 2019 )  Share

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Somalia: IMF staff finalises first review under Staff-Monitored Programme for Somalia

Somali authorities and IMF staff reach a staff-level agreement on the completion of the first review of the fourth Staff-Monitored Programme (SMP IV); authorities' continued strong commitment to economic and financial reform is supporting satisfactory performance under SMP IV. An International Monetary Fund (IMF) staff team led by Allison Holland visited Addis Ababa, ...

Source: Masress (19 Sep 2019 )  Share

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South Sudan: Somewhat peaceful South Sudan expecting FDI of $1bn this year

About 400 investors from Africa, Asia and Europe are looking at the ... SA plans to invest $1bn partly for oil exploration, and MTN will spend $30m on ...

Source: Business Day (31 Jul 2019 )  Share

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Sudan, Thailand:  FM Assistant Undersecretary Meets Thai Ambassador

Khartoum — The Foreign Ministry's Assistant Undersecretary, Ambassador Elham Ibrahim Mohamed Ahmed, received Wednesday at her office the Ambassador of Thailand to Sudan, non resident in Sudan. The meeting discussed the cooperation between the two countries in the political, health, education, agricultural, technical and capacity building fields. The Thai ...

Source: Sudan News Agency (19 Sep 2019 )  Share

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Sudan:  Forests contribute at 15% of GNP

Khartoum — The Director General of the Forest National Corporation (FNC) Dr. Mohamed Ali Al-Hadi has asserted that forests have an economic value as they contribute at 15% of the gross national product (GNP) and 12% of the country's foreign currency as well as the provision of natural pastures for the national herd of 104 Millions heads. Dr. Al-Hadi said, in an ...

Source: Sudan News Agency (19 Sep 2019 )  Share

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Sudan:  Gezira State Governor Welcomes National and Foreign Investments

Medani — The caretaker Wali (governor) of Gezira State, Maj. Gen. Ahmed Hannan Ahmed Sebair, has welcomed both the foreign and national investments in the state. During his meeting with the Indonesian Ambassador to Sudan and a delegation from the Businessmen Union, headed by Musa Abu-Derayrah, the Wali affirmed the readiness of the state government to implement all ...

Source: Sudan News Agency (22 Sep 2019 )  Share

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Sudan:  Madani stresses importance of meat processing inside Sudan

Khartoum — The Minister of Industry and Trade Madani Abbas Madani has affirmed the importance of the meat industry inside the country, especially as Sudan has huge animal resources and wide zones of internal, Arab and African markets. Addressing the inauguration of Al-Kadro's Meat Processing Complex; which was inaugurated Wednesday by the Chairman of the ...

Source: Sudan News Agency (19 Sep 2019 )  Share

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Tanzania, Indonesia:  Invest in Zanzibar, Shein Courts Indonesians

PRESIDENT Ali Mohamed Shein has invited Indonesian businessmen to invest in the country, saying the move would further strengthen existing relations between the two countries. President Shein made the call when he met the Indonesian Minister responsible with parastat- als, Ms Rini Mariani Soemano, at his office yesterday. They discussed among other things ways to ...

Source: Tanzania Daily News (20 Sep 2019 )  Share

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Tanzania, South Africa: SA, Tanzania pledge to increase trade and investment

South Africa and Tanzania today deepened their historic relations with a pledge for increased trade and investment between the two countries.

Source: Citizen (15 Aug 2019 )  Share

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Tanzania: Foreigners return with a ‘bang’ at DSE, exchange Sh5bn shares

By Halili Letea @hletea hletea@tz.nationmedia.com Dar es Salaam. Foreign investors made a comeback at the Dar es Salaam Stock Exchange (DSE) on Tuesday after they bought Tanzania Breweries (TBL) shares worth Sh4.89 billion. The transaction--made in a prearranged market board--saw the TBL counter trading 544,300 shares at Sh9,000 per share in a single deal. ...

Source: The Citizen (19 Sep 2019 )  Share

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Tanzania:  Tanzania Legislstor Calls for Concerted Efforts for Eletronic Tax Stamps to Work Effetively

Dodoma — The Moshi Urban MP (Chadema), Anthony Komu, has called on the Tanzania Revenue Authority (TRA) and the Tanzania Bureau of Standards to prepare a strategy to prevent forgery of the electronic tax stamps. This'd improve effectiveness in public revenue collections. Mr Komu said this on the sidelines of the recent parliamentary session that use of Electronic ...

Source: The Citizen (19 Sep 2019 )  Share

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Tanzania: Tanzania, $15 Million Plant, Gold Refinery Get Started in October

By Abdul Rahman Suagibu – Photo Credit: Allfreedownload NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- Approximately in six weeks, Tanzania first gold refinery is set for completion, and the country will be carrying more from its prized mineral resource. The $15 million dollar plants, located in the administrative capital- Dodoma will process raw gold produced ...

Source: New Africa Business (Business) (20 Sep 2019 )  Share

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Tanzania: New column on ‘Tanzania in International Tax Law’

Here’s a hearty welcome to this preparatory article of my new ‘Tanzania in International Tax Law’ column in The Citizen, huge and warm enough to encompass you, dear reader! I made up my mind that I would first inform my potential Tanzanian and overseas readers from Canada, China, India, Kenya, South Africa, Uganda, the United Kingdom, and other countries about my ...

Source: The Citizen (21 Sep 2019 )  Share

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Uganda, Turkey: Turkey, Uganda to work to boost tourism

The landlocked East African nation features breathtaking lakes, rivers, ... Turkish companies that have invested in Uganda include Level Energy, ...

Source: AA.com (19 Sep 2019 )  Share

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Uganda:  Museveni Promises Oil Production in Two Years

President Museveni has said he will in the next two years use Uganda's oil to fund construction of road projects if donor partners fail to raise sufficient funds to fund them. Speaking at the signing of a Memorandum of Understanding that seeks to bring peace and development in Turkana, West Pokot and Karamoja, President Museveni told United Nations officials that they ...

Source: The Monitor (19 Sep 2019 )  Share

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Uganda: Museveni refuses oil firms more waivers

Now you are saying you don't want to invest even after I delivered the list of things you asked of me, - President Museveni is said to have told the oil ...

Source: The East African (21 Sep 2019 )  Share

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Uganda: Will Uganda overcome its own fears to revive stalled Hoima-Tanga oil pipeline?

By Andrew Mwenda Kampala. Uganda has been trying to get oil of out the ground for the last 12 years, having discovered reserves in 2007. Two weeks ago Tullow Oil ended its proposed farm-down to China National Offshore Oil Corporation (CNOOC) and Total of 21.7 per cent of its 33.3 per cent shareholding in the Joint Venture Agreement (JVA) with these two firms. ...

Source: The Citizen (22 Sep 2019 )  Share

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Uganda: Business: Afri-Exim Bank to open branch in Uganda

Africa Export-Import (Afri-Exim) Bank, which has branches in West and ... appreciated the importance of hosting a strategic Pan-African investment.

Source: Eagle Online (22 Sep 2019 )  Share

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Uganda: Museveni refuses oil firms more waivers

Uganda President Yoweri Museveni has told off petroleum multinationals pushing for tax waivers as a pre-condition for further development of the country’s oil fields, deepening a standoff that has put on ice the building of a critical export pipeline. President Museveni is understood, according to highly placed diplomatic sources, to have lashed out at the petroleum ...

Source: The East African (21 Sep 2019 )  Share

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West Africa

West Africa: PIC turns eye from exhausted SA mines to West Africa for next boom in gold

THE Public Investment Corporation (PIC), which manages billions of rands of South African government pension savings, believes West African gold ...

Source: Mining MX (14 Aug 2019 )  Share

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Burkina Faso: Redevances TNT : Les télévisions privées payeront 75 millions de FCFA pour diffuser leurs programmes

Le comité de pilotage de la télévision numérique de terre (TNT) s’est réuni, ce mardi 17 septembre 2019 à Ouagadougou, sous la présidence du Premier ministre, Christophe Joseph Marie Dabiré. A l’issue de la rencontre, il a été décidé que les Éditeurs de presse privée doivent s’acquitter, à partir du 1er janvier 2020, de la somme de 75 millions de FCFA, ...Translate

Source: Le Faso (19 Sep 2019 )  Share

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Ghana, China: Ghana to set up cocoa processing factory with another Chinese partnership

Being the second-largest producer of cocoa globally, Ghana is looking to earn more from its products by way of value addition. To achieve this, the country’s regulator for the industry has reached an agreement with China General Technology Holding (Genertec) to set up a cocoa processing factory. The factory will be operated by the Ghana Cocoa Board (COCOBOD) and Genertec ...

Source: Ventures Africa (19 Sep 2019 )  Share

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Ghana, Germany: Invest in solar to reduce electricity cost - BeBa Africa

BeBa Africa, a German solar company operating in Ghana, has advised companies to invest more in solar energy in the face of high electricity costs as it is a major determinant of economic prosperity. Ghana’s power sector has over the past two decades been plagued with power supply challenges, resulting in a considerable impact on economic life in the country.

Source: B (20 Sep 2019 )  Share

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Ghana, Phillipines: Meralco plans to pull out investment in Ghana

Manila Electric Co. (Meralco) is planning to pull out its investment in Ghana's power distribution utility if the political situation in ...

Source: The Phillipine Star (22 Sep 2019 )  Share

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Ghana:  WEF, Cuts & GIPC Host Workshop On Investmenmt Facilitation

Higher capital requirement demands from foreign companies by Ghana are seen as being on the high side when compared to other African countries and are, therefore, a disincentive to investors, a multi-stakeholder research has revealed. According to a report on a study commissioned by the World Economic Forum (WEF) in collaboration with the Ghana Investment Promotion ...

Source: Government of Ghana (19 Sep 2019 )  Share

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Ghana:  Invest in Africa Partners CIPS to Enhance Procurement Skills of SMEs

Invest in Africa (IIA), a not for profit organisation committed to creating prosperous African economies, has in response to current challenges facing the procurement sub-sector in Ghana, partnered the Chartered Institute of Procurement and Supply (CIPS), the world's largest organisation dedicated to the profession to build the long-term procurement capacities of 50 high ...

Source: Ghanaian Times (20 Sep 2019 )  Share

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Ghana: World Bank to invest US $300m in Ghana's Cocoa industry

The World Bank is looking to invest US $300m in Ghana's cocoa industry. This is for purposes of increasing cocoa production over the next five years.

Source: Farmers Review Africa (15 Aug 2019 )  Share

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Ghana: For Really Uncorrelated Returns, Try Investing in a Ghana Power Station

Investing in African power plants can boost returns, provide a hedge against global market shocks, and help lift people out of poverty, says Jerome ...

Source: Bloomberg (14 Aug 2019 )  Share

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Ghana:  WEF, Cuts & GIPC Host Workshop On Investmenmt Facilitation

Higher capital requirement demands from foreign companies by Ghana are seen as being on the high side when compared to other African countries and are, therefore, a disincentive to investors, a multi-stakeholder research has revealed. According to a report on a study commissioned by the World Economic Forum (WEF) in collaboration with the Ghana Investment Promotion ...

Source: Government of Ghana (19 Sep 2019 )  Share

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Liberia:  Liberia to Benefit U.S.$35 Million, But...

National Investment Commission of Liberia chair Moullela Gray says Capital Link Corporation, a proposed cement plant for Buchanan, Grand Bassa County will benefit Liberia at large.Appearing before the Senate Committee on Concession and Investment Wednesday, September 18, 2019 in the chambers of the Liberian Senate, Mr. Gray disclosed that the country stands to benefit US$35 ...

Source: The New Dawn (19 Sep 2019 )  Share

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Nigeria, Germany: We need greater investment in power sector - Buhari tells German envoy

power sector as welcoming for Nigeria - According to the president, Nigerians were eagerly looking forward to improvement in the power sector - German diplomat, Birgitt Ory, assured Buhari that she would work towards improved relations between both countries Read more: https://www.legit.ng/1260566-we-greater-investment-power-sector-buhari-tells-german-envoy.html

Source: Legit (20 Sep 2019 )  Share

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Nigeria, UK: $9.6bn judgment debt: P&ID UK, Nigeria affiliate guilty of fraud, court rules

Orders assets forfeited to FG Conviction vindicates Nigeria’s stand-AGF By Vivian Okejeme, Abuja Justice Inyang Ekwo of the Federal High Court, Abuja, yesterday, convicted and ordered the winding up of Process and Industrial Development Limited and its Nigerian affiliate, P&ID Nigeria Limited. In the judgement, justice Ekwo, also ordered the forfeiture of ...

Source: Peoples Daily (20 Sep 2019 )  Share

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Nigeria, USA: AEDC Signs N380m Grant To Implement Solar Power Projects

Abuja Electricity Distribution Company (AEDC) has secured a $1.06m (about N380.5) grant from the United States Trade Department Administration (USTDA) to enable it provide electricity to carry out feasibility study towards deploying 1,370 solar power mini-grids in its franchise areas. At a ceremony in Abuja on Friday, the Managing Director, AEDC, Engr Ernest Mupuwaya who ...

Source: Leadership (20 Sep 2019 )  Share

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Nigeria, USA: USAID To Boost Agribusiness With $50m In C/River

Fifty million dollars is to be spent by the United State Agency for International Development USAID, for  the promotion of agribusiness investment activity in Cross River State. Chief of  Party (COP) of the USAID ‘Feed The Future’ FTF,  funded Nigeria in Agribusiness Investment Activity, Dr. Adam Saffer disclosed this while fielding questions from ...

Source: Leadership (21 Sep 2019 )  Share

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Nigeria: Nigeria's Diesel-dependent Economy Braces for Clean-fuel Rules

LAGOS - Nigeria's frenetic commercial capital, Lagos, is plunged into darkness several times a day. Then its generators roar, and the lights flood back on. Nigeria is one of the world's largest economies where businesses rely so heavily on diesel-powered generators. More than 70% of its firms own or share the units, while government data shows generators provide at least 14 ...

Source: Liberia News (18 Sep 2019 )  Share

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Nigeria: Lack of cost-reflective tariffs discouraging investment in Nigeria’s electricity sector

The lack of cost-reflective tariffs is discouraging investments in the ailing Nigerian electricity sector, a firm involved in power generation in the country has said. Azura Power, which in 2018 delivered Nigeria’s first privately-financed power plant in Edo State, has acquired a new power plant in Senegal, investing funds an official of the company says would have ...

Source: Premium Times (19 Sep 2019 )  Share

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Nigeria: Nigeria to get $2.5bn World Bank loan

The Federal Government of Nigeria has applied for a $2.5billion loan from World Bank, Hafez Ghanem, bank’s Vice President for Africa has revealed. He disclosed the World Bank was in talks with the Nigerian government for the concessionary loan. He, however, noted that Nigeria had received $2.4billion from the global financial institution in 2018. According to him, ...

Source: Hallmark News (19 Sep 2019 )  Share

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Nigeria: How Do You Invest in Farmers? What Central Bank of Nigeria Needs To Do.

Bringing innovative, inspiring and quality coverage, AfricaZine is committed to representing the many business and faces of Africa. AfricaZine is ...

Source: Africazine (16 Aug 2019 )  Share

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Nigeria:  Lack of Cost-Reflective Tariffs Discouraging Investment in Nigeria's Electricity Sector

The lack of cost-reflective tariffs is discouraging investments in the ailing Nigerian electricity sector, a firm involved in power generation in the country has said. Azura Power, which in 2018 delivered Nigeria's first privately-financed power plant in Edo State, has acquired a new power plant in Senegal, investing funds an official of the company says would have been ...

Source: Premium Times (20 Sep 2019 )  Share

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Nigeria:  CBN Committed N30bn to Boost Oil-Palm Production - Emefiele

The Central Bank of Nigeria (CBN) says it has committed about N30 billion to enhance Oil-palm production in the country. The CBN Governor, Mr Godwin Emefiele, disclosed this in a meeting with some state Governors in Abuja on Thursday. Emefiele explained that the fund was disbursed through deposit money banks to six oil palm companies to support their expansion ...

Source: Vanguard (20 Sep 2019 )  Share

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Nigeria: Maritime reforms to encourage foreign direct investment 'Peterside

Published by Tribune on Thu, 19 Sep 2019 Tribune OnlineMaritime reforms to encourage foreign direct investment 'PetersideThe Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, says policies of the Federal ...

Source: Tribune Headlines Today (19 Sep 2019 )  Share

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Senegal: How Senegal’s Shopmeaway helps users buy goods from overseas stores

Senegalese startup Shopmeaway is using funding obtained through its country’s government to scale its platform that allows users to purchase goods from overseas. Launched four years ago, Shopmeaway helps users make purchases from e-commerce platforms like Amazon and stores such as Zara and H&M, even if those companies themselves do not deliver to Senegal. Providing ...

Source: Disrupt Africa (Startups) (17 Sep 2019 )  Share

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Senegal: Halliburton Wins Drilling, Completion and Testing Services Contracts for Woodside-operated ...

- In addition to our services, Halliburton will invest in Senegal through ... senior vice president of the Eurasia, Europe and Sub-Sahara Africa region for ...

Source: Business Wire (12 Aug 2019 )  Share

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Togo: Le budget national 2019 du Togo porté à 1501, 9 milliards de FCFA, soit une hausse de 2,8%

Lomé - Réuni en Conseil des ministres le mercredi 18 septembre 2019, sous la présidence du Chef de l’Etat, SEM Faure Gnassingbé, le gouvernement a adopté un projet de loi rectificatif, du budget national, exercice 2019. Le projet de loi de finances rectificatif porte le montant du budget de l'État à 1501,9 milliards de francs CFA contre 1461 milliards de ...Translate

Source: Alwhida Info (News) (21 Sep 2019 )  Share

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Togo: BOAD grants US$ 33.6 million loan for road project in Togo | Ghana News Agency (GNA)

LOME, Sept. 20 (Xinhua/GNA) - The West African Development Bank (BOAD) has granted a loan of 20 billion CFA francs (US$ 33.7 million) to the Togolese government to fund a road project. BOAD president Christian Adovelande and Togolese Minister of Economy and Finance Sani Yaya signed the loan agreement at the BOAD headquarters here. The funds will be used to upgrade ...

Source: Ghana News Agency (Africa) (21 Sep 2019 )  Share

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North Africa

Egypt: Egypt is Africa's number one investment destination, says RMB report

Egypt is Africa's number one investment destination for the third straight year, says RMB report: Egypt tops the list of most attractive African countries to ...

Source: Enterprise (19 Sep 2019 )  Share

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Egypt, Hungary: Levente Magyar holds talks on Hungary-related business issues in Egypt

BUDAPEST, Hungary, September 20, 2019/APO Group/ -- In a statement to Hungarian news agency MTI following the meeting on Thursday, the State Secretary said the parties had discussed two deals that are being supervised by the ...

Source: Africa Newsroom (20 Sep 2019 )  Share

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Egypt, Italy: Egypt, Italy sign EGP360mln agreement to build 10 wheat silos

Egypt has signed an agreement with Italy to cooperate on building 10 vertical wheat silos at a total cost of 260 million Egyptian pounds ($22 million) among the Italian-Egyptian Debt Swap (IEDS) Programme. The project aims at establishing 10 vertical wheat silos in three governorates namely Sharqia, menofia and Minya. It will be built by the Egyptian Holding Company for ...

Source: Masress (19 Sep 2019 )  Share

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Egypt, Switzerland: Switzerland commits $1.5 million Swiss francs for Egypt GTEX programme

Switzerland on Sunday signed an agreement to provide financial and technical support for Egypt's Global Textiles and Clothing (GTEX) programme. The envisaged impact of the programme is to increase employment and income along the textile and clothing value chain in the five selected priority countries; Egypt, Morocco and Tunisia in North Africa as well as Kyrgyzstan and ...

Source: Masress (22 Sep 2019 )  Share

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Egypt, Saudi Arabia: Saudi company to invest multi-billion pounds in Egypt real estate sector

One of key property firms in Saudi Arabia plans to invest 10 billion Egyptian pounds ($612.8 million) in the Egyptian real estate sector, a Saudi official said on Sunday. The investments will be in areas of real estate investment and marketing in addition to touristic resorts, said the National Real Estate Committee Council of Saudi Chambers' chairman Hamad Al Showair. ...

Source: Masress (22 Sep 2019 )  Share

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Egypt, USA: U.S.-Egypt trade exchange grows 19.7% in 4 months – report

Trade exchange between Egypt and the US hit $5.355 billion during the first 7 months of the year, 19.7 percent up from $4.471 billion a year earlier, according to a report by the Egyptian Commercial Office in Washington. The report also revealed that the total Egyptian exports to the United States increased by 37.5 percent during the period January-July of 2019 to $1.892 ...

Source: Masress (19 Sep 2019 )  Share

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Egypt, UK: Egypt is strategic partner of Britain in region – minister

Egypt and the UK has always been close, with Britain considering Egypt a strategic partner in the Middle East region. During his recent visit to Egypt, Andrew Murrison, the UK's minister of state for international development and the Middle East, paid tribute to the remarkable improvement in Egypt's economic indicators in recent years, and Egypt's pivotal role in the Middle ...

Source: Masress (19 Sep 2019 )  Share

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Egypt: Telecom Egypt to invest $306.4 mln in new capital's tech infrastructure

State-owned landline monopoly Telecom Egypt says it plans to invest nearly 5 billion Egyptian pounds ($306.4 million) into technology infrastructure in the country's new administrative capital. This comes as part of Telecom Egypt's plan to partner with the Administrative Capital for Urban Development (ACUD), Telecom Egypt's chief financial officer Mohamed Shamroukh said on ...

Source: Masress (21 Sep 2019 )  Share

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Egypt: Telecom Egypt to invest $306.4 mln in new capital’s tech infrastructure

State-owned landline monopoly Telecom Egypt says it plans to invest nearly 5 billion Egyptian pounds ($306.4 million) into technology infrastructure in the country’s new administrative capital. This comes as part of Telecom Egypt’s plan to partner with the Administrative Capital for Urban Development (ACUD), Telecom Egypt’s chief financial officer Mohamed ...

Source: Amwal Al Ghad (Business) (21 Sep 2019 )  Share

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Morocco, Nigeria:  Western Sahara - Nigeria to Halt Sardine, Fertilizer Importation From Morocco

The Nigerian Movement for the Liberation of Western Sahara, has said it has began processes to halt the importation of sardines and other goods as part of sanctions on Morocco to end continued exploitation of the Saharawi Arab Democratic Republic. Its Coordinator, Dr Dipo Fashina, at a news conference in Abuja, said this was necessary to end all forms of new colonialism ...

Source: Vanguard (19 Sep 2019 )  Share

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Central Africa

Cameroon: Cameroon: An ecological fertilizer plant to be built in Kribi and powered by seawater

In Kribi Cameroon, a sea water-powered fertilizer plant will soon be built. On September 12, 2019, a XAF6.8 billion agreement was signed for that purpose by Guillaume Liiga Lissouck, president of the Cameroonian company Financial & Investment Corporation SA Thanks to this investment, 364 direct jobs should be created. Fic SA also promised to contract local SMEs ...

Source: Prepaid Economy (22 Sep 2019 )  Share

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DR Congo: Signature  d’un protocole d’accord  entre l’OCC et PPC  Barnet  manufacturing pour le contrôle de la conformité

Kinshasa, 20 septembre 2019 (ACP).- L’Office Congolais de contrôle (OCC) et l’usine de production  de ciment PPC  Barnet manufacturing ont signé vendredi à Kinshasa, un protocole d’accord de collaboration portant sur le contrôle de la qualité et de conformité des produits de cette société productrice de ciment. L’accord  porte sur le contrôle de ...Translate

Source: L’Agence Congolaise de Presse (20 Sep 2019 )  Share

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Southern Africa

Angola, United Arab Emirates: Emirados Árabes e Angola avançam para produção de cereais

O primeiro memorando tem como foco a criação de uma fábrica de produção de equipamentos de mecanização agrícola, a ser instalada na Zona Especial Económica, (ZEE) no município de Viana, província de Luanda. O segundo visa a criação de uma fazenda para o cultivo de milho, soja e ...Translate

Source: Angop Angola Press Agency (19 Sep 2019 )  Share

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Angola, USA:  Angola, United States Enjoy Excellent Relations

Luanda — Angola and the United States have "encouraging prospects" for their relationship at a time the two countries are engaged in strengthening the strategic partnership, a diplomatic source close to the issue stated Wednesday in Luanda. The comment follows a recent presentation of credential letters from the new Angolan ambassador, Joaquim do Espirito ...

Source: Angola Press Agency (19 Sep 2019 )  Share

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Angola: Conferência sobre sector mineiro acontece em Novembro

Numa promoção da empresa AME Trade Ltd, do Reino Unido, com o apoio institucional do Ministério dos Recursos Minerais e Petróleo, o evento visa atrair investimento nacional e estrangeiro e promover a visão do Governo de Angola sobre o Sector Mineiro e a sua economia em geral. A iniciativa servirá ainda de plataforma para que Angola ...Translate

Source: Angop Angola Press Agency (20 Sep 2019 )  Share

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Angola: Governo atrai investidores estrangeiros no

O Roadshow, cuja abertura foi feita pelo embaixador angolano na Inglaterra, Rui Mangueira, em representação do Ministro dos Recursos Minerais e Petróleos, Diamantino de Azevedo, consistiu na apresentação técnica de dois dos projectos de fosfato, um de ferro e os restantes dois de diamantes. Na ocasião, o diplomata explicou que ...Translate

Source: Angop Angola Press Agency (20 Sep 2019 )  Share

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Angola: Mais de 600 investidores no fórum

O evento sob a égide do Governo Provincial da Huíla, conjuntamente com Associação Agro-pecuária Industrial e Comercial da Huíla (AAPCIL) trará investidores de Portugal, Espanha, Polónia, Estados Unidos da América  (EUA), Emirados Árabes Unidos, assim como alguns convidados da África do Sul, ...Translate

Source: Angop Angola Press Agency (21 Sep 2019 )  Share

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Angola: AIPEX regista 178 propostas de investimento

De acordo com o relatório da AIPEX, referente ao mês de Agosto, essas propostas de investimento estão viradas para os sectores da construção civil (4), educação (3), saúde (2), hotelaria e turismo (3), pescas (2), prestação de serviços (27), agricultura (10), comércio (43) e indústria ...Translate

Source: Angop Angola Press Agency (20 Sep 2019 )  Share

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Angola: Le programme de privatisation réunit des investisseurs potentiels

L'événement, présidé par le ministre d'État chargé de la Coordination économique et coordinateur de la Commission interministérielle nationale chargée de la mise en œuvre du programme de privatisation, Manuel Nunes Júnior, prévoit de réunir des représentants d'organismes internationaux, ...Translate

Source: Angop Angola Press Agency (18 Sep 2019 )  Share

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Botswana, South Africa: SA butchers have beef over Botswana cattle exports

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – THERE are mixed reactions in South Africa following the decision by Botswana to export live cattle to the neighbouring country as a way of mitigating the impact of drought. Thousands of cattle have died in Botswana because of the insufficient water sources and pastures. Boikhutso Rabasha, Botswana Ministry of ...

Source: CajsNewsAfrica (News) (20 Sep 2019 )  Share

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Botswana: SMEs driver of economic growth in Botswana: banker

- Barclays Bank of Botswana said the small to medium scale enterprises are critical to the nation's economic activities and employment needs. Keabetswe Pheko-Moshagane, Barclays Bank of Botswana Managing Director on Wednesday said the SME sector has proved to be an important driver of ...

Source: IOL Independent (20 Sep 2019 )  Share

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Botswana:  Youth Firms Get U.S.$275,000 Boost

Masunga — Kgalagadi Breweries Limited has spent close to P3 million to assist young Batswana to start their own businesses since the review of the Liquor Trading Act. This was revealed by Minister of Investment, Trade and Industry, Ms Bogolo Kenewendo during a kgotla meeting in Masunga on Tuesday. Ms Kenewendo said liquor trading hours were reviewed to address ...

Source: Botswana Daily News (19 Sep 2019 )  Share

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Malawi, Mozambique: World Bank funds Malawi, Mozambique power interconnector project

Malawi’s electricity woes might be history as soon as a K41.2 billion World Bank funded Malawi-Mozambique power interconnector project takes off. In statement, the World Bank says the project will interconnect the Mozambique and Malawi transmission systems to enable both countries to engage in bilateral and regional trade in the Southern African Power Pool (Sapp). ...

Source: Nyasa Times (20 Sep 2019 )  Share

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Malawi, Mozambique:  World Bank Funding for Interconnecting Mozambique and Malawi

Maputo — The World Bank has approved grants and loans totalling 57 million US dollars for the project to interconnect the Mozambican and Malawian electricity grids. According to a World Bank press release, the Bank's Board of Executive Directors decided on Tuesday to provide Mozambique with a 42 million dollar grant, and Malawi with a loan of 15 million dollars, ...

Source: Agencia de Informacao de Mocambique (20 Sep 2019 )  Share

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Namibia: Economic slump deepens

THE Namibian economy shrank by 2,6% between April and June this year, the second-worst economic performance per quarter since the government started cutting spending. The current figures show that the private sector is struggling to carry the economy out of the ditch after the government started on its prolonged fiscal consolidation course, leading to economic activity now ...

Source: The Namibian (21 Sep 2019 )  Share

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South Africa: Generation.e to roll out more EV charging stations across South Africa

Generation.e to roll out more EV charging stations across South Africa ... to invest in the technology and develop SA's charging station infrastructure.

Source: htxt.africa (20 Sep 2019 )  Share

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South Africa, Qatar: Direct shipping line likely to enhance Qatar-South Africa trade volume

The bilateral trade volume between Qatar and South Africa stood at QR1.26bn ... He also noted that there are many South African investments in Qatar ...

Source: The Peninsular Qatar (19 Sep 2019 )  Share

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South Africa, UK, EU: Fin24.com | Brexit doubts cut into Investec's UK banking business

Investec [JSE:INL] has warned of a fall in profits for the first six months of the year, citing challenging market conditions and an ongoing restructuring.   The financial services provider put out a trading update on Friday in anticipation of its upcoming half year earnings report. Its shares were down 4.5% in early trade on the JSE.  It said a fall in revenue and ...

Source: News24 (20 Sep 2019 )  Share

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South Africa, Qatar: South Africa best gateway for Qatari firms to $2.2trn market

This will help us in forging partnerships to invest in Qatar and South Africa, especially in special and free economic zones that are being developed in ...

Source: The Peninsula (22 Sep 2019 )  Share

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Zambia, China: Zambia-China economic cooperation zone continues to attract investment: official

The Zambia-China Economic and Trade Cooperation Zone (ZCCZ) has continued to attract investment in its multi-facility zone in the Copperbelt province in Zambia, an indication that China-Zambia relations are being strengthened further by investment from the Asian country, a Zambian government ...

Source: IOL Independent (19 Sep 2019 )  Share

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Zambia, Finland: La société zambienne Yalelo reçoit un investissement de 6 millions $ de Finnfund pour accroître sa production

(Agence Ecofin) - L’entreprise aquacole zambienne Yalelo a reçu un investissement en fonds propres de 6 millions $ de Finnfund, une institution financière finlandaise qui cible des entreprises privées dans des pays en développement. L’opération représente le premier investissement direct de Finnfund en Zambie. La ressource mobilisée permettra à ...Translate

Source: Agence Ecofin (19 Sep 2019 )  Share

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Zimbabwe, China:  Govt, China Investors Hold Crucial Indaba

GOVERNMENT yesterday held a crucial meeting with Chinese Embassy officials and Chinese investors to seek ways of enhancing cooperation between the two countries. The meeting is expected to be a regular fixture on the calendar to provide a forum of exchange among key stakeholders on issues like immigration laws, the investment climate and monetary and currency issues, ...

Source: The Herald (19 Sep 2019 )  Share

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Zimbabwe, EU:  SB Moyo Meets 2 Senior EU Officials

Foreign Affairs and International Trade Minister Dr Sibusiso Moyo yesterday met two top European Union (EU) representatives in Harare and the parties expressed increased desire to use the existing Free Trade Agreement to improve trade between Zimbabwe and the EU bloc. Minister Moyo had a closed-door meeting with visiting European Commission Development Directorate, Head ...

Source: The Herald (20 Sep 2019 )  Share

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Zimbabwe, UK: Zimbabwe to ratify trade pact with Brexit threatened UK

Zimbabwe will soon ratify a bilateral trade agreement with the United Kingdom (UK) to secure favourable trade terms ahead of Britain's expected exit from the European Union (EU). As the UK is preparing to leave the EU, Zimbabwe has already drafted a bilateral trade agreement in preparation for Brexit to ...

Source: Bulawayo24 News (22 Sep 2019 )  Share

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Zimbabwe, China:  Govt, China Investors Hold Crucial Indaba

GOVERNMENT yesterday held a crucial meeting with Chinese Embassy officials and Chinese investors to seek ways of enhancing cooperation between the two countries. The meeting is expected to be a regular fixture on the calendar to provide a forum of exchange among key stakeholders on issues like immigration laws, the investment climate and monetary and currency issues, ...

Source: The Herald (19 Sep 2019 )  Share

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Zimbabwe: Zimbabwe central bank tightens rules for currency exchanges

Zimbabwe’s central bank has tightened the rules governing the trade of foreign currency by money exchange offices with immediate effect. The rates offered by exchange offices must be 7% above or below the interbank mid-rate, the central bank said in an emailed statement. Failure to comply would result in either heavy financial penalties or license revocation, it said. ...

Source: News24 (21 Sep 2019 )  Share

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Zimbabwe: RBZ tightens rules for currency exchanges with immediate effect

Zimbabwe's central bank has tightened the rules governing the trade of foreign currency by money exchange offices with immediate effect. The rates offered by exchange offices must be 7% above or below the interbank mid-rate, the central bank said in an emailed statement. Failure to comply would result in either ...

Source: Bulawayo24 News (21 Sep 2019 )  Share

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Women & Youth

South Africa: Time for business to support women

JOHANNESBURG - The association  of Black Securities an Investment Professionals (ABSIP) on Friday added its voice for business to support women in a period that South Africa has seen a spike of gender-based violence. ABSIP paid tribute to the victims following the death of UCT student ...

Source: IOL Independent (22 Sep 2019 )  Share

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Africa: FarmAgric foundation to empower women and youth with agriculture

... raised from the investing public. With a mission to efficiently equip the next generation of farmers, we envision a robust agricultural sector in Africa ...

Source: Techpoint Africa (16 Sep 2019 )  Share

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South Africa: Beauty brand launches initiative to tackle female unemployment in SA

DURBAN - Avon Justine has launched an initiative to provide women with sustainable earning opportunities while playing its part in empowering talented, yet undiscovered, local female entrepreneurs. Nishani Singh, Director at Avon Justine Pty Ltd said "We have immense entrepreneurial abilities in our ...

Source: IOL Independent (20 Sep 2019 )  Share

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Rwanda: Rwanda’s NIRDA Kicks off Campaign to Fund Hardware Developers – KT PRESS

Top young local hardware developers have started the competition, a sprint-like event in which programmers, designers and entrepreneurs join together to intensively develop prototypes within three days. In the competition, young innovators assisted by mentors are tasked to be typically ambitious, passionate, find solutions for challenges, most especially in private ...

Source: KT Press (Business) (20 Sep 2019 )  Share

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Nigeria, China: Lagos partners Chinese govt to train youths on technology, manufacturing

Lagos State Governor, Mr. Babajide Sanwo-Olu, has said his administration’s development agenda was aimed at leveraging the population of the State for sustainable socio-economic development. The Governor said although the State was facing the challenges of a growing population, his administration was prepared to turn the burden to opportunities by training ...

Source: Nigeria Real Estate (News) (21 Sep 2019 )  Share

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