South African retailer, Pick n Pay to cut $187 million in costs in 3 years
18/05/2022South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rands ($187 million) in the next three years and grow its market share by.
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Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa
18/05/2022British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four times.
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President Samia rules out auctioning of ivory, horns
17/05/2022Tanzanian President, Samia Suluhu, insists the country will not auction confiscated ivory despite calls from campaigners. On May 8, at the official launch of the Royal Tour tourism documentary in.
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Ethiopia, World Bank agree $300 mln grant for reconstruction
17/05/2022The finance ministry said that Ethiopia and the World Bank had signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas. Fighting that.
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Tunisia Raises Domestic Electricity and Gas Prices
16/05/2022Tunisia has raised the prices of domestic electricity and gas, a government official has said, in the latest in a series of price hikes in a country whose public finances.
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Central African bank regulator reminds states of crypto ban
16/05/2022Central Africa’s regional banking regulators sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The.
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Ghana will solve debt crisis without IMF help, Finance Minister says
13/05/2022Ghana is committed to managing its debt without assistance from the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said, expressing his confidence that government measures were moving the country.
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Libya Eyes Offshore Oil Expansion Amid Onshore Force Majeure
13/05/2022Libya is planning to push a critical offshore oil and gas project led by Italian Eni and Libya’s National Oil Company (NOC), in a move that could shift some oil.
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Namibia launches sovereign wealth fund
13/05/2022Namibia has set up a Sovereign Wealth Fund (SWF), to serve as a buffer against future economic shocks, President Hage Geingob said on Thursday. Royalties from the sale of natural,.
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Nigeria Can Earn More $23bn By Closing Gender Gap – World Bank
12/05/2022The World Bank has said that the Nigerian economy could earn an additional $23- $ 29 billion if the country closed the gender gap. This was contained in its new.
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