Barclays Makes $876 million from African Business Share Sale
05/05/2016Barclays has raised 603 million pounds ($876 million) by selling a 12.2 percent stake in Barclays Africa Group, a crucial first step in a plan to curb risk and refocus.
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Nigeria-China Deal to Narrow Trade Gap
05/05/2016As part of efforts to strengthen trade ties with foreign investors, the Governor of the Central Bank of Nigeria (CBN), has recently announced that China will soon start importing goods.
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South Africa to Increase African Trade 2019
03/05/2016As part of efforts to foster economic growth in Africa, South Africa’s Minister of International Relations and Cooperation Maite Nkoana Mashabane has recently said that the country is aiming to.
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Chinese ZTE to Open 50 Branches in Zimbabwe
29/04/2016Chinese telecoms equipment and handset manufacturer, ZTE is set to open 50 branches in Zimbabwe this year which will also include a technical and repair centre for all its products.
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South African Supermarket Chain Pick N Pay to Expand into Nigeria
28/04/2016South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its.
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Dangote pledges to help FG turn around Nigeria’s Economy
25/04/2016Foremost industrialist and richest man in Africa, Alhaji Aliko Dangote, has recently restated his commitment to assist the Federal Government in turning around and diversifying the country’s economy.
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Zambia, IMF Agree on Steps Towards Aid Programme
22/04/2016Zambia’s government has recently agreed targets with the International Monetary Fund, preparing the way for a support programme by the fourth quarter of the year, Zambian Treasury Secretary Fredson Yamba.
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Ghana Vows Tough Action against Abusive Foreign Employers
21/04/2016Ghana has recently vowed tough action against foreign investors who abuse local workers following a spike in cases of employees that were tortured by their employers.
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Hong Kong Company Partners with Nigeria on Alternative Source of Power
20/04/2016The Hong Kong LED lighting manufacturing company, iFlux, has recently promised to assist Nigerian government in the area of alternative source of power in the country.
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Dubai Islamic Bank Aims to Open in Kenya
19/04/2016Dubai Islamic Bank (DIB) has recently made plans to start operating in Kenya before the end of 2016, despite the Kenyan authorities’ moratorium on issuing new banking licences.
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