Kenyan Shilling Holds Steady in the New Year
05/01/2016In the light of the New Year, the Kenyan shilling was steady on Monday as traders say they expect the currency to trade in a narrow range in the coming.
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Zambian President Reverses Decision to Hike Electricity Tariffs
05/01/2016The Zambian President has recently reversed a sharp increase in electricity tariffs aimed at generating revenue for investment in additional supply, saying the hike had ended up hurting the poor..
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Ethiopia, Nigeria See New Partnership In Commodities Marketing
23/12/2015As part of efforts to boost productivity and marketing opportunities for farmers, Nigeria and Ethiopia are in the process of entering into a technical partnership for joint trading of commodities.
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Zambia to Bring In Variable Tax on Mining Royalties
23/12/2015Zambia, Africa’s second largest copper producer, has recently announced that it will introduce a variable tax on mineral royalties that will be adjusted according to metal prices. Government spokesman Amos.
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Egypt’s Central Bank Tightens Import Controls to Boost Local Production
23/12/2015In a bid to support local manufacturing and better preserve its dwindling foreign currency reserves, the central bank of Egypt has in a statement said that it will tighten import.
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Nigeria Expects 2016 Budget Deficit to Double To $11 Billion – President
23/12/2015Nigerian President Muhammadu Buhari has recently said that the country expects its budget deficit to double to 2.2 trillion naira ($11 billion) in 2016 as the government plans to revive.
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South Africa Rand Consolidates Gains, Gold Index Boost Stocks
22/12/2015In the light of the thin holiday season trade, South Africa’s rand firmed on Monday, extending modest gains notched up since calm returned to markets after the fallout over the.
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Mozambique Economy Grows 5.9 Percent in Third Quarter
22/12/2015The Mozambican economy has grown by 5.9 percent in the third quarter of 2015 recent data on its statistics website has shown. This comes after an expansion by 5.7 percent.
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Congo Dr to Issue Bond Of $500 Million In 2016
22/12/2015As part of efforts to raise financing of investment project in the country, the Democratic Republic of Congo has recently announced that it will tap into the international debt markets.
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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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