Most Recent World News

Nigeria: No Need to Panic Over Recession-Finance Minister

Nigeria’s Finance Minister has recently stated that the country will face only a short recession if its economy shrinks again in the second quarter, because removing fuel subsidies and implementing.

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Tanzania: Chinese Loan to Finance Rail Project

Plans for the construction of a 2,190-kilometre central railway line to standard gauge form are now up for implementation as Chinese Exim Bank has agreed to give a soft loan.

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Sierra Leone: World Bank Approves US$138m Project to Boost Electricity

By: Barnabas Thondhlana World Bank Group has approved a project to support the development of a 57MW heavy fuel oil green-field thermal power plant in Sierra Leone to boost electricity.

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Rwanda, Gabon Launch One Area Network

Call rates to Gabon from Rwanda are set to go down significantly following the recent launch of a one area network between the two countries. The initiative, launched by President.

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AU Sets U.S$1.2 Billion Self-Financing Target

The African Union has set an ambitious self-financing targets of $1.2 billion (about Rwf898 billion) annually to reduce heavy dependence on external partners to finance development projects.

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Adeosun: Revenue Focus Will not Burden Nigerians

Fiscal discipline, plugging leakages, increased efficiency and accountability will make every Naira count The Minister of Finance, Mrs. Kemi Adeosun has assured Nigerians that the Federal Government’s drive for enhanced.

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Chinese Consortium to Invest $2.8 Billion in South Africa Industrial Zone

The South African Government has recently announced that a group of Chinese investors will pump more than 40 billion rand ($2.81 billion) into the South African economy to build an.

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Cameroon: $1 Billion Hydroelectric Dam Expected by 2020-Energy Min.

Cameroon’s Minister of Water and Energy Basile Atangana Kouna, has recently said that a $1 billion hydroelectric dam planned for Cameroon’s Nachtigal River will be ready by 2020, adding over.

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Kenya’s Q1 2016 GDP growth up, tourism boosts

Kenyan growth picked up in the first quarter of 2016, helped by improved performance across the economy and especially tourism, the statistics office said on Thursday.

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Nigeria: FG to Re-Jig Multi-Billion Naira Youwin Programme

The Federal Government is set to start consultations with beneficiaries and other stakeholders on the restructuring and refocusing of the multi-billion-Naira Youth Enterprise with Innovation in Nigeria (YouWin) programme with.

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