Most Recent World News

Zambia approves price-based royalties for copper mines

Zambia’s cabinet has recently approved a new royalty system that varies depending on the copper price as Africa’s second-biggest producer seeks to keep struggling mines open and limit job losses,.

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Egypt Raises Deposit Cap to $1 Million for Exporters

Egypt’s central bank has recently raised the cap on foreign currency deposits at banks to $1 million a month for exporting companies, easing restrictions that have led to manufacturing components.

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Nigeria in Talks with Oil Majors to Repay Debt, Invest in Refineries

Ibe Kachikwu, Minister of State, Petroleum The head of Nigeria’s state oil firm NNPC, Emmanuel Ibe Kachikwu says the country is in talks with oil majors and banks to raise.

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Malawi: EU Rules Out Budgetary Support

Minister of Finance, Malawi, Goodall Edward Gondwe The European Union (EU), one of Malawi’s largest donors, has recently ruled out any budgetary support even though country meets the IMF extended.

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Nigeria to Seek China Loan, Shelves Eurobond Sale

Nigerian Finance Minister Kemi Adeosun plans to travel to China next week, aiming to negotiate a loan of up to $2 billion to help fund record budget spending, financial and.

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South Africa Plans Fuel Cell Plant to Boost Platinum Demand

South Africa has recently concluded plans to set up a fuel cell component plant by 2018, the latest initiative from the world’s top platinum producer to increase demand for the.

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African producers to shift sales to domestic markets as EU sugar quota ends

Sub-Saharan African sugar producers have decided to shift sales to growing regional and domestic markets when exports to the European Union become less attractive after production quotas are dismantled in.

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South Africa to Raise Coal Exports to India

As the drop in export from rival Indonesia opens up the chance to grab market share, South Africa has recently revealed that it hopes to boost coal exports to India.

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Zimbabwe to allow Foreigners Buy Stakes of 49 Pct in Local Firms

In a bid to boost investment and revive its struggling economy, the Zimbabwe central bank has recently announced that the country will allow foreigners to buy stakes of up to.

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Nigeria Attracts Global Attention with Indigenous Software Devt.

Global attention beams on Nigeria as Stanford University, California has recently provided a platform for about 40 business leaders in the West Africa sub-region to analyse the successes of SystemSpecs,.

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