Barclays to exit Africa in ‘transatlantic’ makeover
02/03/2016Barclays Plc will sell its Africa business as part of a plan by new Chief Executive Jes Staley to simplify the bank’s structure and seek higher shareholder returns, after reporting.
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Rwanda: U.S Business Delegation Lauds Rwanda’s Business Opportunities
01/03/2016Rwandan President Paul Kagamehas recently met with a delegation of business leaders under the umbrella body, Gen Next. The body whose membership is only on invitation is composed of 275.
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East Africa: Rwanda, Ethiopia Sign Open Skies Agreement
01/03/2016Rwanda and Ethiopia have signed an air service agreement, where the two countries agreed to open their airspace allowing their Ethiopian Air and Rwand Air to operate without restrictions..
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Oil Prices “Totally Unacceptable”- Nigerian President Buhari
29/02/2016The OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen to “totally unacceptable” levels, Nigerian President Muhammadu Buhari has recently said.
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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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