Most Recent World News

Morocco Grants First Cannabis Production Permits

The Moroccan government has issued 10 permits for farmers to legally grow cannabis for industry and export for the first time. Farmers in the northern regions of al-Hoceima, Chefchaouen, and.

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Nigeria: World Bank Okays $750m Credit For Reform, Investment, Job Creation

The World Bank has approved a $750 million credit line for Nigeria to help the country push through reforms to attract investment and create jobs. According to reports, several states.

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Libya’s Tripoli govt, Turkey sign economic deals

One of Libya’s rival governments signed preliminary economic and maritime deals with Turkey in a move that has inflamed tensions between it and the North African country’s other administration. The.

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Afreximbank okays $200m for Ugandan Oil Pipeline

Afreximbank has approved $200 million for the financing of an oil pipeline to export Uganda’s crude saying, it is also willing to finance the construction of a refinery in the.

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Nigerian Apex Bank Hikes Interest Rate

The Central Bank of Nigeria, CBN, on Tuesday, raised its benchmark lending rate by 1.5 per cent points to 15.50 per cent, its highest level since 2006 when the rate.

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Ghana, Cote d’Ivoire, Others to Benefit from $450m World Bank Projects

The government of Ghana has secured the World Bank’s $450 million multi-country project for the Gulf of Guinea Northern Regions Social Cohesion (SOCO). It would be implemented in Ghana and.

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Diplomacy: Ghana, Saudi Arabia Unify Safe Working Conditions for Citizens

Ghana and Saudi Arabia have developed a framework that will enable each other’s citizens to work in a safe and appropriate manner in their respective countries. The two countries are.

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Kenya: Amid odds, Ruto Resolves To Buy Fuel from Russia

Kenyan President, William Ruto has resolved to commence fuel transactions with Russia. This followed the avoidance of the United States among other nations having any engagements with Russia as a.

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IMF Approves Unified Exchange Rate for Nigeria

The International Monetary Fund (IMF) has recommended a unified exchange rate to strengthen Nigeria’s macro economy and external reserves. IMF Representative for Nigeria, Mr Ari Aisen, listed this among other.

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Africa SME Champions Forum Returns To Uganda

The seventh edition of the Africa SME Champions Forum was slated to return to Uganda spanning from October 6 – 7, at the Speke Resort Munyonyo in Kampala. ALM gathered.

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