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East Africa interconnected by the Madaraka Express

Nairobi, After three years of construction, Kenya launched the Madaraka Express, its high speed railway connecting the port city of Mombasa to the capital of Nairobi. It’s around 472 Kilometers long Built by China Road and Bridge Corporation and 90% financed by China Eximbank and 10% by the Kenyan government. …

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Nigeria-Benin Rail Line Underway

A standard gauge rail line stretching from Parakou in Benin Republic will terminate in Ilorin, central Nigeria, upon completion, as part of a budding infrastructure rebirth aimed at unlocking potential investment opportunities in the West African sub-region. The project was disclosed at Africa’s premier infrastructure summit which kicked off in …

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Nigeria’s 2019 Deadline to End Fuel Importation “doable”

The Nigerian National Petroleum Corporation has disclosed that the first batch of the three new gas power plants it plans to build in Abuja, Kaduna and Kano will be completed by 2019. The Federal Government reiterated its determination to stop importation of Premium MotorSpirit, by 2019. The 2019 target set …

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Tanzania: Mega Oil Pipeline Projects to Spur Economic Growth

The government, yesterday, announced plans to set up three mega oil-pipelines connecting the seaports of Tanga and Dar es Salaam to upcountry regions and neighbouring countries partly to reduce fuel prices and spur economic growth. The announcement was made here by Energy and Minerals Minister, Prof Sospeter Muhongo. He was …

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Facilitating the trade exchange between Rwanda and DROC

Rwanda and the Democratic Republic of Congo (DROC) ‘s officials signed on a memorandum of understanding (MoU) in Rubavu province, within the ceremony of launching the COMESA Simplified Trade Regime (STR). Officials view that the agreement aims to facilitate the trading of small value trade by implementing a duty free on the importing products valued less $2,000 (equivalent to R₣6.1 m). It is expected …

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Nigeria: New Economic Recovery Plans – the Road Ahead

The federal government finally launched the Economic Recovery and Growth Plan 2017-2020 in Abuja last Wednesday, raising expectations of economic recovery, if fully implemented. Omololu Ogunmade writes The Council Chamber of the Presidential Villa was filled with excitement and grinning expressions on Wednesday when President Muhammadu Buhari formally launched a …

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6 reasons to invest in Africa

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to companies that have paid close attention to the continent and invested there. The fast growing youth population, the urbanization expected to drive over 50% of Africans …

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Funding Liberia Social Safety Nets with $15.8 million

The Liberian government signed an agreement worth $15.8 million with The World Bank Country Manager, Larisa Leshchenko, to establish the Liberia Social Safety Nets Project (LSSNP). (LSSNP) provides support to extremely poor and food insecure households in Liberia. “Since 2014, Liberia witnessed a remarkable progress in enhancing its economic growth, …

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Facilitating the trade exchange between Rwanda and DROC

Rwanda and the Democratic Republic of Congo (DROC) ‘s officials signed on a memorandum of understanding (MOU) in Rubavu province, within the ceremony of launching the COMESA Simplified Trade Regime (STR). Officials view that the agreement aims to facilitate the trading of small value trade by implementing a duty free on the importing products valued less $2,000 …

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