Nigerian crude exports set for four-month high
24/08/2018The nation’s oil exports are expected to rise to their highest in four months in October, on the back of supply of several larger grades coming back online following a.
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Business & Economy
Foreign Investment Gives Ethiopia over Four Billion Dollars
24/08/2018Ethiopia attracted over four billion dollars in Direct Foreign Investment (DFI) during the last fiscal year, which ended on July 8, confirmed here official sources. According to the spokesperson of.
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Business & Economy
Kenya: Medical Suppliers Lost Sh114 Million in Sales Due to Delays at Inland Container Depot
24/08/2018Medical suppliers has lost Sh114 million in sales owing to delays in clearing consignments at the inland container depot in Nairobi. Mission for Essential Drugs and Supplies (MEDS), a regional.
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Business & Economy
Dangote signs 20yr deal with TPDC for supply of gas to its Tanzanian plant
23/08/2018Tanzania Petroleum Development Corporation (TPDC) and Dangote Cement yesterday signed a 20-year deal that will see the cement maker produce electricity for the production of cement at Dangote’s Mtwara plant.
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Business & Economy
Crude oil transportation from Turkana to Mombasa begins after stand-off
23/08/2018Transportation of crude oil from Turkana to Mombasa resumed on Thursday after nearly fifty days of stand-off between a local community and the Government. After a series of meetings and.
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Business & Economy
Tanzania: Unilever Invests Over 100 Bn/ – in Tanzania in Four Years
23/08/2018THE Unilever Tea Tanzania (UTT) has invested a total of 100 bn/- in various projects for the development of the country’s tea in line of seeking to meet its pledges.
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Business & Economy
African Rainbow Minerals expects 13% profit increase
23/08/2018Listed diversified mining group African Rainbow Minerals (ARM) expects headline earnings per share for the financial year to September to increase by between 41 and 54 percent. this will be.
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Africa
Business & Economy
Kenya to sign $3.8b SGR deal next month
23/08/2018Kenya is expected to sign a Ksh380 billion ($3.8 billion) contract for the second phase of the Standard Gauge Railway (SGR) in September. Transport and Infrastructure Cabinet Secretary James Macharia.
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Business & Economy
The Central Bank of Nigeria asks banks to submit bids for second Chinese yuan auction
23/08/2018The Central Bank of Nigeria (CBN) has asked banks to submit bids for the Chinese yuan in line with the regulator’s determination to meet foreign exchange demands at the retail.
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Business & Economy
Another African country, Angola kicks off oil sector reforms as Nigeria dithers
23/08/2018Unlike Nigeria’s Muhammadu Buhari, Angola’s President João Lourenço has commenced oil reforms in its state-owned Sonangol with the aim of boosting production in Africa’s second biggest oil producing country. Since.
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