Most Recent World News

Dangote pledges to help FG turn around Nigeria’s Economy

Foremost industrialist and richest man in Africa, Alhaji Aliko Dangote, has recently restated his commitment to assist the Federal Government in turning around and diversifying the country’s economy.

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Zambia, IMF Agree on Steps Towards Aid Programme

Zambia’s government has recently agreed targets with the International Monetary Fund, preparing the way for a support programme by the fourth quarter of the year, Zambian Treasury Secretary Fredson Yamba.

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Ghana Vows Tough Action against Abusive Foreign Employers

Ghana has recently vowed tough action against foreign investors who abuse local workers following a spike in cases of employees that were tortured by their employers.

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Hong Kong Company Partners with Nigeria on Alternative Source of Power

The Hong Kong LED lighting manufacturing company, iFlux, has recently promised to assist Nigerian government in the area of alternative source of power in the country.

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Dubai Islamic Bank Aims to Open in Kenya

Dubai Islamic Bank (DIB) has recently made plans to start operating in Kenya before the end of 2016, despite the Kenyan authorities’ moratorium on issuing new banking licences.

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Italian Oil Company to Invest 20Bln Euros in Africa

Italy’s Oil and Gas Company Eni, has conclude plans to invest about 20 billion Euros ($22.5 billion) into Africa’s oil and gas sector over the next four years.

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Why Gabon Wants to Re-join OPEC

The African nation of Gabon wants to re-join OPEC after more than two decades, two OPEC sources said, becoming the second former member in a year to seek a return.

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Angola Finds Offshore Oil, Gas Reserves

Angola’s state oil company Sonangol said it has found oil and gas reserves in the Kwanza basin that could total 2.2 billion barrels of oil equivalent, including in a block.

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Tunisia: New Law to Shield Central bank from Political Interference

Tunisia’s parliament has recently approved a law to strengthen the central bank autonomy to shield its board from political interference, one of the key economic reforms sought by the country’s.

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Nigeria Non-oil Income Boost to Offset Oil Slump

Nigeria expects its non-oil revenues to nearly double this year as Africa’s top oil producer seeks to offset a slump in oil revenues.

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