Most Recent World News

ITFC inks $3bn Egypt commodities funding deal

The International Islamic Trade Finance Corporation (ITFC) has signed $3-billion framework agreements with the Egyptian government ,represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply.

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Nigeria: Tizeti Secures $3 Million Funding to Expand Operations

Tizeti and its consumer facing brand, Nigerian ISP start-up, Wifi.com.ng has closed a Series A round of $3 million, led by 4DX Ventures with participation from existing investors Y Combinator.

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Chinese I.T giant to establish West Africa headquarters in Ghana

China’s leading cloud computing company, which also happens to be the no. 2 company in China’s Information Technology industry, Inspur Group Co. Ltd, has chosen Ghana as its preferred destination.

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Oil price below $65 unfavourable for Nigeria – Kachikwu

Nigeria’s minister of State for Petroleum Resources, Ibe Kachikwu, has said that Brent crude oil price below a $65 mark will be rough for Africa’s largest economy thus, expects the.

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Libya oil firm records highest revenues since 2013

Libya’s National Oil Cooperation (NOC) has recorded its highest annual oil trade revenues since 2013, peaking at $13.6 billion. “Despite ongoing challenges in the sector, combined product portfolio revenues bear.

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Turkey to start agricultural investment in Sudan

Turkey’s required agricultural crops will be produced in Sudan’s agricultural lands, which were reserved for Turkish entrepreneurs’ investment, Turkish agriculture and forestry minister said. Bekir Pakdemirli, the minister, will visit.

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Algeria does not need loans, should diversify economy: World Bank

Algeria, whose oil- and gas-dependent economy has suffered from sharp falls in the oil price since 2014, has enough money and does not need foreign loans, the World Bank vice-president.

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UK set to double trade volume with Nigeria – Envoy

The British High Commissioner to Nigeria, Mr. Paul Arkwright, has said the United Kingdom is poised to double the trade volume between the two countries which is currently put at.

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AfDB commits to support Equatorial Guinea’s agro industry plan

The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies. The commitment followed the Bank.

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World Bank launches $9 million infrastructure project in Somalia

The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia. The Somali Urban Resilience Project, SURP, worth $ 9 million, will be the.

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