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Tag Archives: Africa

China’s African investments in 2016 exceed US and UK

Africa remains a virgin land of resources and opportunities, as well as, a consumer market with a growing population. China is poised to take advantage and strengthen its influence on the continent. That much was clear last year Foreign Direct Investment (FDI) from China to Africa grew sharply with 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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Arab Youth Can Provide the Spark for Regional Innovation

By: Ahmad Abu el-Hamd February, 21, 2017 Innovation. How to nurture and tap it is on the minds of every CEO and managing director across the region and the world. So, what’s the secret ingredient that companies should be adding to their innovation recipe? Young people. Young people bring new …

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Liberia: LEC to Test Second Generating Unit Today

Testing of the second generating unit of the Mt. Coffee Hydropower Plant in Harrisburg is set to begin today, Wednesday, February 1, a press release said yesterday. The completion of the second turbine, which has the capacity of 22 megawatts, will increase the installed capacity of the Mt. Coffee Hydropower …

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Tanzania’s railway network to serve East and Central Eastern Africa

A drive to improve Tanzania’s transport infrastructure is gathering momentum, with billions of dollars of funding being put towards the development of the country’s rail network. The initiative includes both an upgrade to existing tracks and new rail lines that will be laid along the country’s central transport corridor and …

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Tanzania: Dar Seeks 2tri/ – Development Funding From World Bank

BY: Ahmad Abu el-Hamd 26 January 2017 Tanzania’s government is seeking a 785 million US dollar (over 1.7tri/-) soft loan from the World Bank to execute development projects in the next fiscal year, Finance and Planning Minister, Dr Philip Mpango, revealed yesterday. According to the minister, the projects include implementation …

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Microsoft and Ecobank to Drive Digital Transformation in Africa

Microsoft, the leading platform and productivity company for the mobile-first, cloud-first world and Ecobank Transnational Incorporated, parent company of pan-African banking group Ecobank today signed a memorandum of understanding (MOU) to complement African governments’ efforts to modernise and raise the standards of the continent’s major cities through state of the …

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China to commit additional $40B investment in Nigeria

China’s rising stakes in the Nigerian economy has climbed up to about $40bn, said its Foreign Affairs Minister, Wang Yi, on Wednesday during a bilateral meeting with his Nigerian counterpart, Geoffrey Onyeama, in the capital Abuja. The Minister said China had already invested up to the tune of $45 billion …

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Tanzania: Boost for Tanzania Cassava As Chinese Firm to Invest $1 Billion

Dar es Salaam — Tanzania has signed a $1 billion partnership agreement with a Chinese firm to commercialize cassava farming and processing, raising hopes to growers who have been grappling with the challenge of accessing reliable markets. Tanzania Agricultural Export Processing Zone Limited and Epoch Agriculture (TAEPZ) from China said …

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Congo receives $250 million to support oil strategic plan

Congo has signed a facility agreement with “Afreximbank” African export- import bank under which the Bank will provide $250 million in future flow pre-financing to meet Brazzaville’s strategic plan for its oil fields. that facility was part of a $1-billion syndicated loan commitment which Congo’s government had mandated Afreximbank to …

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