BREAKING: South Africa Officially Out of Recession
05/09/2017South Africa – The largest economy in Africa has officially climbed out of the effect two quarters of contraction which led to a recession in June this year. According to a report.
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China Begins $5.8 Billion Hydropower Plant Project In Nigeria
31/08/2017All is now set to commence the building of a new hydropower station by the China Civil Engineering Corporation in the eastern Mambilla region of Nigeria. The project worth $5.8.
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Trade and Investment
South Africa: Government to Merge Three Private Owned Airlines
30/08/2017South Africa’s government has taken into consideration the idea of merging three state owned airlines into one entity. The government plans to give a 25 percent stake of the holding.
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Trade and Investment
Mali: Hummingbird Resources to Improve Gold Output at Year End
29/08/2017Hummingbird Resources, a mining company said on Tuesday that it had begun work on its Yanfolila Gold Project in Mali and will be producing its first gold by the end.
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Zambia: Glencore MCM Contests Increase in Electricity Tariffs
28/08/2017Zambian President Edgar Lungu has told Glencore’s Mopani Copper Mines (MCM) unit to accept the increase in the price of electricity caused by the removal of state energy subsidies, his.
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“Africa Holds Greatest Agricultural Potential” – Holsether
28/08/2017Africa holds 65% world’s arable land, 10% fresh water – UNEP (United Nations Environment Programme) Also, Svein Tore Holsether, President, and Chief Executive Officer of Yara International and agro-allied company.
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Madagascar: Vanilla Beans Breeds Lucrative Environment
24/08/2017Madagascar records an increase in the vanilla beans as well as the demand for the product. Madagascar produces 80% of the world’s vanilla, but demand has outstripped supply. Speculation has.
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Trade and Investment
Tanzania to Gain Control of Its Airspace
23/08/2017Tanzania will soon gain control over its airspace after the signing of an agreement for the procurement and installation of four modern surveillance radars. The Government, through the Tanzania Civil.
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Nigerian Startup Invests $135 Million in Commodities Exchange
22/08/2017A Nigerian startup has taken advantage of the government’s effort to boost farming output to reduce reliance on oil by developing the first agricultural commodities exchange in Nigeria. The.
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Business & Economy
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South African Investment Company Sell Off Media Stakes to Regain Credibility
21/08/2017Oakbay, a South African investment company owned by Gupta brothers, business friends of President Jacob Zuma on Monday announced its intention to sell off its media stakes in order to.
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