Egypt stocks bounce back after loss

Egypt stocks bounce back after loss

Egypt's stocks have bounced back after suffering trade losses earlier in the week.Egyptian shares recovered during Thursday's session following losses from the previous two days, in ...

Cameroon withdraws accreditations for 28 microfinance institutions

Cameroon withdraws accreditations for 28 microfinance institutions

Cameroon's Minister of Finance (MINFI), Alamine Ousmane Mey, has decided to withdraw the accreditation for 28 microfinance institutions (MFIs) which are out of business, payment ...

Nigerian firms to benefit from $1.8bn vessel building contract

Nigerian firms to benefit from $1.8bn vessel building contract

Many Nigerian companies taking part in the supply of products for the building of the Nigeria Liquefied Natural Gas (NLNG) Limited's six new ships expected to realise about $10 ...

Malawi, Tanzania ink fair trade, consumer rights deal

Malawi, Tanzania ink fair trade, consumer rights deal

Malawi's Competition and Fair Trading Commission (CFTC) and the Fair Competition Commission of Tanzania have signed an agreement that will see commissions of the two countries ...

Nigeria: $1bn not missing from ECA account – minister

Nigeria: $1bn not missing from ECA account – minister

Nigeria's Minister of Finance, Dr Ngozi Okonjo-Iweala, has said that no money is missing from the Excess Crude Account (ECA).Okonjo-Iweala said in Abuja on Wednesday while ...

Nigeria to privatise railways, waterways, roads

Nigeria to privatise railways, waterways, roads

The Nigerian government has concluded plans to privatise eight new state-run companies and sectors in 2015, the Director General of the Bureau of Public Enterprises (BPE) Mr. ...

Media body accuses Botswana of ploy to decimate private media

Media body accuses Botswana of ploy to decimate private media

The Media Institute of Southern Africa (MISA) on Thursday said an alleged Botswana government ban on advertisement may be a ploy to devastate the media as it is dependent on the ...

Egypt stocks bounce back after loss

Egypt's stocks have bounced back after suffering trade losses earlier in the week.Egyptian shares recovered during Thursday's session following losses from the previous two days, in the wake of the Arab markets rebound, dealers have confirmed. The EGX30 Index soared 3.39 percent to record 8,399.89 points. Meanwhile, the EGX70 and the EGX100 closed on a strong, positive note of up to 2.01 percent and 2.3 ...

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Cameroon withdraws accreditations for 28 microfinance institutions

Cameroon's Minister of Finance (MINFI), Alamine Ousmane Mey, has decided to withdraw the accreditation for 28 microfinance institutions (MFIs) which are out of business, payment defaults or inability to met normal operating conditions. Nearly 80 percent of those outfits are established in Douala and Yaounde, the country's economic and political capitals respectively. Last February, promoters of 84 ...

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Nigerian firms to benefit from $1.8bn vessel building contract

Many Nigerian companies taking part in the supply of products for the building of the Nigeria Liquefied Natural Gas (NLNG) Limited's six new ships expected to realise about $10 million in revenues.According to a statement signed by NLNG's General Manager, External Relations Division, Kudo Eresia-Eke, the company, via its subsidiary company, Bonny Gas Transport (BGT) Limited, in 2013 contracted the building ...

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Malawi, Tanzania ink fair trade, consumer rights deal

Malawi's Competition and Fair Trading Commission (CFTC) and the Fair Competition Commission of Tanzania have signed an agreement that will see commissions of the two countries assisting each other in dealing with cross-border issues.CFTC executive director Wezzie-Charlotte Malonda said the agreement would see the two organisations informing each other of the significant developments in competition and ...

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Nigeria: $1bn not missing from ECA account – minister

Nigeria's Minister of Finance, Dr Ngozi Okonjo-Iweala, has said that no money is missing from the Excess Crude Account (ECA).Okonjo-Iweala said in Abuja on Wednesday while presenting the proposed 2015 budget that the report that $1 billion was missing from the account was not true. “Today I had seen a headline that said that there is one billion dollars missing in the Excess Crude Account. I just want to use ...

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Nigeria to privatise railways, waterways, roads

The Nigerian government has concluded plans to privatise eight new state-run companies and sectors in 2015, the Director General of the Bureau of Public Enterprises (BPE) Mr. Benjamin Dikki, has said.Dikki told a workshop for Commerce and Industry Correspondence Association of Nigeria (CICAN) in Lagos on Wednesday that the sectors included the Railway; Inland waterways; Road Authority; Roads Funds; National ...

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Media body accuses Botswana of ploy to decimate private media

The Media Institute of Southern Africa (MISA) on Thursday said an alleged Botswana government ban on advertisement may be a ploy to devastate the media as it is dependent on the state for revenue.MISA Botswana director Buyani Zongwani promised to support the media in its fight against the purported ban on government departments and state-run enterprises from advertising in newspapers. Zongwani observed that ...

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Newly unveiled Zimbabwe bond coins begin circulating

The Reserve Bank of Zimbabwe (RBZ) on Thursday introduced imported bond coins that are meant to address the problem of small change that has affected the country since it adopted the multiple currency regime five years ago.The bond coins, to be value of US$20 million, were imported last month and started circulating on Thursday. The new coins are in denominations of one, five, 10 and 25 cents and, according ...

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S/Leone gets $30m W/Bank grant in fighting Ebola

The World Bank has approved a $30 million grant to support Sierra Leone in its efforts to respond to the unprecedented challenges posed by the Ebola crisis, the Washington-based lender said in a statement on Thursday.According to the statement, the Emergency Economic and Fiscal Support Operation will support Sierra Leone as it seeks to bring the Ebola epidemic under control by strengthening government budget ...

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Global anti-smoking lobby to affect Malawi tobacco output – Mutharika

Malawian President Peter Mutharika said the global anti-smoking lobby will continue to have negative effects on demand for tobacco in Malawi and other countries.Speaking during the official opening of a meeting with representatives of the Japanese tobacco industry in the capital Lilongwe on Wednesday, Mutharika said the development has seriously affected the country's foreign exchange earnings and the ...

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