How Eritrea will Kick-Start its Economy
26/02/2016Eritrea expects to have four mines in operation by 2018 producing gold, copper, zinc and potash as one of Africa’s poorest nations looks to build an industry that can kick-start.
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CBN Moves to Strengthen DFIs, Launches Final Operating Guidelines
25/02/2016CBN Governor, Godwin Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has recently reiterated the bank’s commitment towards making the Development Finance Institutions (DFIs) in.
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Egypt Signs $500 Mln Agreement with Afreximbank
23/02/2016African Export-Import Bank (Afreximbank) has recently agreed to a $500 million facility with the Central Bank of Egypt (CBE) to help Egyptian importers through a foreign currency crisis. The Afreximbank.
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Tunisia, IMF Hold Talks on Credit, Economic Reforms
19/02/2016Tunisia Central Bank has said that the International Monetary Fund (IMF), recently began talks with the country over a new credit programme, as part of measures to strengthen its economy.
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Zambia approves price-based royalties for copper mines
18/02/2016Zambia’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
17/02/2016Egypt’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
16/02/2016Ibe 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
15/02/2016Minister 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
11/02/2016Nigerian 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
10/02/2016South 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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