China to Cancel Zimbabwe’s $40 Million Debt
22/12/2015The Finance Minister of the Southern African countries Patrick Chinamasa, has stated that China is set to cancel about $40 million worth of Zimbabwe’s debt due to mature this year,.
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CANADA GRANTS 30 MILLION USD FOR ETHIOPIA’S EFFORTS OF MITIGATING EL-NINO
21/12/2015Canada has granted 30 million USD to Ethiopia for the efforts of mitigating the El-Nino induced drought, the Ministry of Foreign Affairs has recently said. The announcement came following the.
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ETHIOPIA PLANS 950 MW ELECTRIC POWER FROM SUGAR DEV’T PROJECTS
21/12/2015Ethiopian Sugar Corporation has plans to produce 950 megawatts of electric power from its sugar development projects by the end of GTP II peroid.Corporate Communication Directorate Director of the Corporation,.
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RWANDANS APPROVE EXTENSION OF PRESIDENTIAL TERM LIMITS
21/12/2015Rwanda’s National Electoral Commission has recently declared that Rwandans voted overwhelmingly to support changes to the constitution that would allow President Paul Kagame to extend his term in office. Kagame,.
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CFAO OPENS FIRST AFRICAN MALL IN IVORY COAST
21/12/2015As part of a major drive to tap into the growth of Africa’s middle classes, French distribution group Comptoir Francais de l’Afrique de l’Ouest (CFAO), has recently opened its first.
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NIGERIA: CBN RESTRICTS THE USE OF NAIRA CARDS ABROAD
21/12/2015In a bid to restore Nigeria’s foreign exchange market, the Central Bank of Nigeria has recently issued another circular to banks in the country, further restricting the use of naira.
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NIGERIA: NNPC TO AWARD NEW CRUDE-FOR-PRODUCT SWAP DEAL TO FOUR REFINERS
21/12/2015Nigerian state oil firm NNPC has recently said that it will award new crude for oil products swap agreements to leading refiners Total, Varo Energy, Cepsa and ENI. According to.
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BURKINA FASO LIFTS EXPORT SUSPENSION ON TAMBAO MANGANESE MINE
21/12/2015The General Manager of Pan African Minerals (PAM) has recently announced that the Burkina Faso transitional government has lifted the suspension of the company’s manganese export license, which was imposed.
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