Kenya Economic Growth to Slip to 5.7 pct in 2017: Cenbank
31/01/2017Kenyan economic growth is expected to slip to 5.7 percent in 2017 from about 5.9 percent in 2016, the central bank said on Tuesday. Governor Patrick Njoroge.
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Tanzania Secures $225m Loan from World Bank Approves for Water Sector
27/01/2017The World Bank’s board of executive directors has approved a $225 million loan to Tanzania to improve water supply in the African nation’s commercial capital Dar es Salaam, the bank.
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Tanzania to Receive World Bank $305m Loan for Port Expansion
26/01/2017Tanzania will receive a $305 million loan from the World Bank to expand its main port in it main commercial city Dar es Salaam, where congestion and inefficiencies are hampering.
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Africa Finance Corporation issues US$150 million maiden Sukuk
24/01/2017Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African institution. Following.
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Equatorial Guinea Presents Offer To Become OPEC Member In 2017
23/01/2017Africa’s no. 3 oil producer Equatorial Guinea has presented an offer to join the Organisation of the Petroleum Exporting Countries (OPEC) this year and has agreed to production cuts, its.
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Nigeria Must Not Scare Away MTN, Says Communications Minister
23/01/2017By Camillus Eboh and Paul Carsten Nigeria must not scare away MTN, its minister of communications said, as lawmakers investigate alleged illegal money transfers just three months after the government.
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Rising Kenyan Tea, Coffee Export Prices To Ease Drought Impact
19/01/2017Rising prices for Kenyan tea and coffee exports will help offset the impact from a drought that has been hurting the East African nation’s agriculture after poor rains late last.
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Nigeria: Dangote, China’s Sinotruck to Set-up $100Mln Truck Plant
18/01/2017Africa’s richest man Aliko Dangote has partnered with China’s heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local.
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Zimbabwe’s Largest Bank CBZ Suspends Local Use of Visa Cards
09/01/2017Zimbabwe’s biggest banking group CBZ Holdings has suspended the use of Visa cards for local transactions due to high costs and cash shortages, its chief executive officer said on Monday..
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Nigeria’s NNPC Awards 2017 Crude Oil Term Contracts to 39 Companies
04/01/2017State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per.
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