Most Recent World News

South Africa: Sierra Monitor launches Engineering Centre of Excellence

Sierra Monitor Corporation, a global technology company, has announced the formal incorporation of Sierra Monitor South Africa.  The office, located in Johannesburg, provides engineering and customer support services to SMC.

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Andrew Sordam Appointed as Oracle VP for sub-Saharan Africa

Oracle has announced the appointment of Andrew Sordam as Vice President for sub-Saharan Africa with immediate effect. Andrew Sordam takes over from Cherian Varghese who has been named as the.

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Egypt’s ready-made garments exports increase 6 % in 8 months

Egypt’s exports of ready-made garments increased by 6 percent during the first eight months of 2018 to hit $1.040 million, compared with $980 million in the same period of last.

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Egypt’s Sawiris re-launches property unit with $2bn build target

Egyptian billionaire Naguib Sawiris has re-launched his real estate entity Gemini Global Development, forming a new venture called Ora Developers with a target to build $2 billion (Dh7.34bn) of property.

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Tanzania: EU Donates to Govt Sh260bn for Agro-Sector Productivity

The government has received Sh265 billion in new financial assistance from the European Union (EU) to promote productivity and competitiveness in the agricultural sector. The financing support, dubbed “agri- connect,”.

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EEU, Egypt to commence talks on free trade deal

Eurasian Economic Commission chairman Tigran Sargsyan and Egypt’s Ambassador to Russia Ihab Nasr have held talks on the schedule of launching negotiations on creating a free trade and development zone.

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Zimbabwe post-Mugabe’s economy to grow by six

Zimbabwe’s economy will grow by 6.3 per cent this year, driven mainly by agriculture and mining, the finance minister said Monday as the Government seeks to boost growth after the.

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China boosts oil import to Western Africa to 7 years maximum

China is set to boost its crude imports from West Africa to the highest in at least seven years this month as the trade war with the U.S. prompts the.

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IMF Confirms 7.2% Economic Growth Rate for Rwanda

The International Monetary Fund (IMF) has retained Rwanda’s economic growth projection for 2018 at 7.2 per cent, owing to strong industrial activity and favourable rains that are expected to boost.

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Afreximbank supports Unionaire-MIDCO deal to drive intra African trade

Unionaire Group, a company in the business of household appliance manufacturing in the Middle East and Africa, has entered into a partnership with MIDCO, a subsidiary of the Tunisia-based Loukil.

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