Most Recent World News

Kenya’s Economic Progress Continues

Kenya’s National Bureau of Statistics (KNBS) has attributed the country’s improvement in standard of living to the increasing economic expansion and devolution of resources to local authorities. The economy of.

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Cyprus-Based Karo Resources Partners Zimbabwe

Zimbabwe is again attracting investments in the mining sector. Karo Resources, a Cyprus-based company will invest $4.2 billion to develop a platinum mine producing 1.4 million ounces of platinum group.

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Algeria’s Trade Deficit Falls

The recent surge in oil prices has seen Algeria’s trade deficit fall to $97 million in the first two months of 2018, against $2.33 billion at the same period last.

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Egyptian Wheat Stock Soar

Egyptian wheat stocks reached 332,000 tonnes in 2016/2017 compared to 268,700 tonnes in 2015/2016, marking an increase of 23.5%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)’s.

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Uganda’s Manufacturing responsible for growth – World Bank

Uganda’s annual Gross Domestic Product (GDP) growth of 6.7 percent is being driven by its manufacturing and other tradable goods and services sector, according to a World Bank report released.

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$850 Million to Be Raised By Egyptian Government

Egypt’s Finance Minister, Amr El Garhy, has said the country will offer shares in four to six state companies this year seeking to raise between 12 billion and 15 billion.

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Arab Fund to Grant Sudan Economic Reform

The Arab Fund is scheduled to grant Sudan a loan earmarked for restructuring the country’s economic reform programme. The fund which held its 186th meeting of the Executive Directors in.

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Mutharika Woos Energy Investors

Malawi’s President, Peter Mutharika, has invited investors into the energy sector which is facing challenges in Malawi.The President has said the energy sector has been hindering his vision which is.

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Mauritius to Auction Three-Year Bond on March 21

Mauritius apex bank, The Bank of Mauritius is pleased to announce the issue of a Three-Year Bank of Mauritius Golden Jubilee Bond with effect from 15 March 2018. The issue.

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IMF Offers Burkina Faso $157.6 Million Credit Facility

The International Monetary Fund (IMF) on Wednesday approved a three-year, $157.6 million credit facility for Burkina Faso, in part to help boost security after a spate of attacks by Islamist.

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