Huawei Invests U.S.$60 Million in Angola
11/10/2018At least USD 60 million is the amount that was invested in Angola, in the past 20 years, by the Chinese multinational company Huawei, deemed the world’s third greatest producer.
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Kenya’s economy poised to rebound in 2018, World Bank
11/10/2018Kenya’s real gross domestic product (GDP) growth is projected to rise to 5.7% in 2018—up from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019, and 6.0% in.
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Business & Economy
Afreximbank presents new trade facilitation programme to Guinean banks
11/10/2018The African Export-Import Bank (Afreximbank) has taken its recently-introduced Afreximbank Trade Facilitation Programme (AFTRAF) to Guinean banks, telling representatives of the Guinean banking sector that the programme will lead to.
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Business & Economy
Egypt expected to become regional gas hub
11/10/2018Egypt’s gas imports, which saved Egypt from frequent daily power cuts five years ago, has become a thing of the past, as Minister of Petroleum Tarek el-Mulla announced Sept. 29.
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Business & Economy
Angola and United Arab Emirates strengthen cooperation in defense
11/10/2018Issues related to strengthening bilateral cooperation in the defense field are being addressed between Angola and the United Arab Emirates. The Minister of National Defense, Salviano de Jesus Sequeira, has.
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Business & Economy
[Namibia] Azinam announces results of the Prospect S Well offshore
11/10/2018Azinam Group Limited, the Seacrest Capital-backed South West African oil exploration company, announces that the Prospect S Well in Petroleum Licence (PEL) 71 offshore Namibia, was safely drilled to a.
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Business & Economy
Saudi’s IDB plans infrastructure funds for Africa, Asia to fill investment gaps
11/10/2018Saudi-based Islamic Development Bank (IDB) plans to launch two funds focused on Africa and Asia in 2019, Arab News reported. The new funds aim to raise a combined $1 billion.
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Business & Economy
IT, Green Economy identified as future-oriented businesses in SA
11/10/2018South African SMEs are estimated to represent 90% of formal businesses, provide employment to about 60% of the labour force and contribute approximately 34% of the country’s GDP. In an.
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Business & Economy
Egypt central bank signs $3.8 bln finance accord with international banks
11/10/2018The Central Bank of Egypt said on Thursday it agreed to enter into a ‘’new repurchase transaction’’ of $3.8 billion with a consortium of international banks including Citigroup, Credit Suisse.
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Business & Economy
Russia to set up nuclear energy plant in the COMESA region
11/10/2018Russia plans to build a nuclear plant in the COMESA region to help address some of the energy challenges facing the region. The Russian Ambassador to Zambia and Special representative.
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