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South African recession is “transitional issue” – President Cyril Ramaphosa

South Africa’s slide into recession is a “transitional issue” from which the economy will soon recover, President Cyril Ramaphosa said in comments published on Thursday, repeating promises for a stimulus.

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World Bank Vice President visits Algeria

World Bank Vice President for the Middle East and North Africa, Ferid Belhaj is in Algeria from September 5 to 6, 2018 to reaffirm the Bank’s support for the national.

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Africa Energy begins oil drilling in offshore Namibia

Africa Energy Corp, an oil and gas company with exploration assets offshore Namibia and South Africa has announce the initial drilling of the Cormorant-1 well on Petroleum Exploration License 37.

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Nigeria’s external debt rises by $11.77bn in 3yrs – DMO

Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown. According to debt statistics obtained from the Debt Management Office, the country’s external debt rose.

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Mali PM re-instated, ordered to form new govt

Mali’s president has reappointed Prime Minister Soumeylou Boubeye Maiga and ordered him to form a new government, a statement from the presidency said on Wednesday. Maiga is a close ally.

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Equatorial Guinea to launch new oil and gas bid round in January

Equatorial Guinea will launch a new oil and gas exploration bidding round early next year and may refuse extensions of existing licenses to oil companies unless they collectively invest a.

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Senegal is building a $2 billion futuristic city to help cut down on overcrowding in Dakar

Senegalese leaders have long dreamed of building a new urban center amid mounting congestion and overcrowding in the capital city of Dakar. With a population that exceeds three million, the.

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Angola signs $170 million contract for supply of ten locomotives

Angolan Railways, the consortium of Andrade Gutierrez and Zagope Angola have signed a contract valued at $169.3 million for the supply of 10 diesel locomotives with a capacity to carry.

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