Most Recent World News

Low Oil Prices – East Africa Could Lose Out

East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, a new research paper released by Deloitte East Africa indicates. “East African.

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Is Nigeria On The Brink Of Political Collapse?

Between falling oil prices and instability in the country’s north linked to a militant insurgency by Boko Haram, Nigeria could be on the brink of social and political collapse. Nigeria must.

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Africa loses $60bn annually through illicit finance flow

Capital flight from Africa continues to be a major thorn in the continent’s side following a new progress report that says up to $60 billion is leaked through illicit financial.

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IMF approves $688 million precautionary loan for Kenya

The International Monetary Fund (IMF) on Monday signed off on a $688 million, one-year loan program for Kenya. The loan is meant to support the government’s economic reforms and help.

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MTN Offers AWS Direct Connect Across Africa

MTN has become the first company in Africa to offer Amazon Web Service (AWS) Direct Connect across multiple countries on the continent. The new service will leverage MTN’s multiprotocol Label.

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Ghana, Dubai Boost Trade To $5 Billion

The Dubai Chamber of Commerce and Industry has set an ambitious target to increase trade between Ghana and Dubai to $5 billion in the next five years. Currently, the volume.

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India’s Sage Capital targets $1b fund in GCC, Africa

India based Private equity firm, Sage Capital said it is currently working with reputed institutional investors from across the world to launch a $1 billion fund which will seek to.

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Investors Injected $6B In Nigeria’s ICT Sector In Three Years – Minister

Nigeria’s telecommunications, one of the fastest growing sector in the west African country, attracted over $6 billion in foreign direct investments (FDI) over the last three years, the country’s communication.

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Nigerian Banks Raised U.S.$2.5 Billion to Fund Acquisition of Shell Oil Blocks

The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has stated that his bank and some other Nigerian banks accounted for about $2.5 billion used.

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Kenya Cuts Maximum Retail Prices Of Oil

Kenya’s Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday. Kenya’s Energy Regulatory Commission cut the maximum retail prices of petroleum. PHOTO: mexicoinstitute This was because.

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