Monday, 23 April 2018

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Rand fall as market and investor concern deepens

Rand fall as market and investor concern deepens

South Africa's rand fell to its weakest in three weeks on Wednesday after reports that a large asset manager was halting loans to state-owned firms, spooking investors already con ...

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Handicrafts trade fairs to be launched in East Africa

Handicrafts trade fairs to be launched in East Africa

East African handicraft stakeholders are finalising negotiations with four International organisations to promote handicraft trade in the region. The Netherlands Centre for the Pr ...

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Nigerian diaspora to benefit from increased competition in remittance market

Nigerian diaspora to benefit from increased competition in remittance market

Money transfers to Nigeria have been restored, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operato ...

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Intra-regional trade key to boosting African economies

Intra-regional trade key to boosting African economies

Despite an average annual growth in exports of 8.5% since 2010, trade between African regions remains low when compared to other parts of the world, according to The Africa Econom ...

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Tanzania plans on $30 billion natural gas plant

Tanzania plans on $30 billion natural gas plant

The Tanzanian government is expected to start an environmental impact assessment (EIA) on land where a $30 billion liquefied natural gas (LNG) plant project will be located. Tanza ...

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Imperial plans to expand its logistics business in Africa

Imperial plans to expand its logistics business in Africa

Imperial Holdings, the listed transport and mobility group in South Africa, plans to significantly increase the size of its logistics business through acquisitions, with the major ...

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Japan premier promises to invest $30 billion in Africa by 2018

Japan premier promises to invest $30 billion in Africa by 2018

Japan will pour US$ 30 billion in investment in Africa by 2018, including US$ 10 billion in infrastructure development, Prime Minister Shinzo Abe said on Saturday at a summit in N ...

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MTN to launch new R9.9 billion empowerment plan in SA

MTN to launch new R9.9 billion empowerment plan in SA

MTN will launch a new black economic empowerment scheme as Zakhele is set to unwind in November as it reaches maturity. MTN’s new empowerment offering is seemingly set to be worth ...

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Sun International pulls out of the Nigerian market

Sun International pulls out of the Nigerian market

South African hotel and gaming group Sun International said on Monday it had decided to exit Nigeria due to weak economic growth and clashes with regulators in the West African co ...

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Global downturn in oil price means African companies need innovative thinking

Global downturn in oil price means African companies need innovative thinking

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas r ...

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