South Sudan Introduces New Bank Notes
10/04/2016South Sudan has recently introduced new bank notes to deal with the confusion caused by some denominations whose notes look alike, a senior official has said.
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AfDB President Pledges to Increase Financial Support to Mozambique
07/04/2016The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has recently reaffirmed the commitment of the Bank to continue to support the growing Mozambican economy.
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Orange to Invest in Nigerian E-commerce Group
06/04/2016Stephane Richard, Chairman and CEO Orange French Telecommunications Company, Orange, is to invest 75 million euro ($85 million) in Nigerian e-commerce group, Africa Internet Group (AIG) and become a shareholder.
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Zimbabwe: Introduce Gold-backed currency-U.S. investors
05/04/2016American investors have recently advised Zimbabwe to take advantage of its mineral resources and introduce a gold-backed currency, which could help attract international capital.
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IMF Tasks Nigeria to Increase Non Oil Revenues to Boost GDP
04/04/2016The International Monetary Fund (IMF) has recently emphasized the critical need for Nigeria to raise non oil revenues to ensure fiscal sustainability while maintaining infrastructure and social spending.
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Kenya: World Bank Sees Faster Economic Growth
01/04/2016Kenya’s economic growth is expected to accelerate both this year and next, helped by low oil prices, improved agricultural output, a supportive monetary policy and infrastructure investments, the World Bank.
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Ghana firm launches fuel price app
31/03/2016A Ghanaian firm, Energy Ghana, a subsidiary of Energy Media Group has recently launched a fuel rating app that will enable consumers to compare fuel prices charged by different supplies.
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Ghana: Gold Fields Deal to Safeguard 2,000 Mining Jobs
30/03/2016South Africa’s Gold Fields Ltd has finalized a tax and royalties agreement with the government of Ghana which could safeguard its Damang mine, where around 2,000 jobs would be at.
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U.S. to Press Nigeria on Foreign Exchange Rate Flexibility
29/03/2016The United States has recently said that it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa’s.
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Lagos, Kebbi to Produce 70% of Nigeria’s Rice Requirements
24/03/2016Lagos and Kebbi State Governments have recently signed a memorandum of understanding (MoU) which they said would culminate in the production of 70 per cent of Nigeria’s rice requirements annually.
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