Uber Appoints Imran Manji as Head of East Africa
21/04/2022Imran Manji has been named the new Head of East Africa for Uber, a ride-hailing firm. He will be in charge of Uber’s regional business strategy and growth, encompassing Kenya,.
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De Beers Signs 35-Year Diamond Mining and Exploration Contract with Angola
21/04/2022Multinational diamond mining and trading company, De Beers, has signed two investment contracts with the government of Angola to operate in that country. The license, which lasts for thirty-five years,.
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African startups drew record $5.2 billion in venture capital last year – industry group
20/04/2022According to data released by an industry group on Tuesday, African startups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020.
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IMF set up new lending facility to cushion member states from economic shocks
20/04/2022The International Monetary Fund, IMF, has created a new lending facility to help build the resilience of its member countries against economic shocks. The facility, dubbed ‘The Resilience and Sustainability.
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World Bank projects Africa growth to drop to 3.4 per cent
20/04/2022This year, Africa’s economic growth will drop to 3.4 per cent, down 0.6 percentage points from the four per cent growth recorded in 2021 due to new macroeconomic shocks. The.
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NOC transfers $8bn to Libya’s GNU administration
19/04/2022Libya’s National Oil Corporation has transferred $8 billion to the count of the Finance Ministry of the Government of National Unity (GNU) of Prime Minister, Abdul Hamid Dbeibeh, who has.
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Standard Chartered set to exit seven countries in Africa, Middle East to cut cost
15/04/2022Standard Chartered is leaving seven countries in Africa and the Middle East where it is sub-scale as it seeks to improve profits by narrowing its focus to faster-growing markets in.
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Nigeria Required $410b in Energy Investment – VP Osinbajo
15/04/2022If Nigerians are to enjoy the recommended 1000 kilowatts hours per year, the country must attract at least 400 billion dollars by 2025. This is according to Vice President, Yemi.
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Egypt, Kuwait Sign $2.5 Million Railway to Sudan Deal
14/04/2022Egypt and Kuwait have agreed to collaborate on the construction of a train connecting Egypt and Sudan. The $2.5 million deal was inked by Egypt’s Ministry of International Cooperation and.
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MTN gets approval to offer banking services in Nigeria
14/04/2022Nigerian regulators have given South African telecommunications giant, MTN, the go-ahead to run a conventional commercial bank. The telco disclosed this in a notice to the investing public through the.
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