EU to pump €33m into Africa land mgt

EU to pump €33m into Africa land mgt

The European Union has agreed to disburse some €33 million (about 21.6 billion CFA francs), to help improve land management in ten African countries, APA can report from Ouagadougou ...

Kenya’s capita income to surpass W/Bank benchmark

Kenya’s capita income to surpass W/Bank benchmark

Kenya's long walk to middle-income status looks set to end in a sudden statistical leap, reports said on Wednesday.Gross Domestic Product (GDP) estimates for east Africa's biggest ...

Carlyle Group raises $698m for Africa

Carlyle Group raises $698m for Africa

The Carlyle Group announced Wednesday that it had raised $698 million for its new Sub-Saharan Africa Fund, exceeding its initial target by 40 percent.According to the Group, the ...

Mauritania to build new fishing port

Mauritania to build new fishing port

Mauritanian President, Mohamed Ould Abdel Aziz on Wednesday launched construction work for a new artisanal fishing port on the Atlantic Ocean, about 55 km northwest of Nouakchott, ...

Gambia competition commission renamed

Gambia competition commission renamed

The National Assembly in Banjul has passed a bill to change the name of The Gambia Competition Commission (GCC) to The Gambia Competition Consumer Protection Commission (GCCPC).The ...

Gambian exports decline in 2013 -Trade minister

Gambian exports decline in 2013 -Trade minister

The Gambia's exports level for 2013 has been below target, according to a senior official of the government. Abdou Kolley the minister of Trade, Industry, Regional Integration and ...

Remittance fees undermining African communities

Remittance fees undermining African communities

Money transfer agencies are undermining the financial viability of local communities in Africa by exorbitant surcharges, a research by the Overseas Development Institute (ODI) ...

EU to pump €33m into Africa land mgt

The European Union has agreed to disburse some €33 million (about 21.6 billion CFA francs), to help improve land management in ten African countries, APA can report from Ouagadougou Wednesday.The program to be carried out in partnership with the United Nations Food and Agriculture Organization (FAO) will be implemented in ten African countries namely Angola, Burundi, Cote d'Ivoire, Ethiopia, Kenya, Malawi, ...

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Kenya’s capita income to surpass W/Bank benchmark

Kenya's long walk to middle-income status looks set to end in a sudden statistical leap, reports said on Wednesday.Gross Domestic Product (GDP) estimates for east Africa's biggest economy are expected to jump by up to one-fifth when a government-led statistical review reports in September. Kenyan officials have sought to dampen down expectations, saying that the magnitude of the upward shift is not yet ...

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Carlyle Group raises $698m for Africa

The Carlyle Group announced Wednesday that it had raised $698 million for its new Sub-Saharan Africa Fund, exceeding its initial target by 40 percent.According to the Group, the African Development Bank was a cornerstone investor and played a crucial role by investing $50 million at an early stage of the fundraising. “Private sector investment is one of the key ingredients in this continent taking charge ...

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Mauritania to build new fishing port

Mauritanian President, Mohamed Ould Abdel Aziz on Wednesday launched construction work for a new artisanal fishing port on the Atlantic Ocean, about 55 km northwest of Nouakchott, APA can report.The construction of the port, which is the second in the country after the Port of Nouadhibou, is fully funded by the Mauritanian government to the tune of $51 million. Chinese company Sino-Hydro is in charge of the ...

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Gambia competition commission renamed

The National Assembly in Banjul has passed a bill to change the name of The Gambia Competition Commission (GCC) to The Gambia Competition Consumer Protection Commission (GCCPC).The change in the Principal Act came hard on the heels of the ratification of the new Consumer Protection Bill, which among other things, seeks to expand the mandate of the now GCCPC in dealing with consumer protection related ...

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Gambian exports decline in 2013 -Trade minister

The Gambia's exports level for 2013 has been below target, according to a senior official of the government. Abdou Kolley the minister of Trade, Industry, Regional Integration and Employment (MOTIE) said the government therefore recognises the need for a National Export Strategy (NES) to guide the development and promotion of exports in the country. “Trade is a key component to sustainable development, but ...

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Remittance fees undermining African communities

Money transfer agencies are undermining the financial viability of local communities in Africa by exorbitant surcharges, a research by the Overseas Development Institute (ODI) found.According to one finding of the research which was released on Wednesday, the average 12 percent fees required to send $200 to Africa represents twice the global cost to process such transaction. ODI Director Kevin Watkins who ...

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AfDB, others ink US$142m power deal for Zambia

The African Development Bank (AfDB), Dutch Development Bank FMO, Development Bank of Southern Africa and Propaco of France on Wednesday signed a US$142-million loan to develop the 120-megawatt Itezhi Tezhi power project in Zambia. It is the first public-private partnership energy project in Zambia and is being developed jointly by TATA Africa and the Zambia Electricity Supply Company (ZESCO) as an ...

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Report faults Mozambique mining tax regime

The latest Extractive Industry Transparency Initiative (EITI) report on Mozambique has revealed discrepancies between the amount of taxes and other payments received by the state from mining and hydrocarbon companies.According to the report cited by the local media on Wednesday, payments into state coffer from companies in the extractive industry had dropped by 0.4 percent. The report revealed in Maputo ...

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Sierra Leone loses $600m to 2 foreign companies

Sierra Leone lost an annual average of US$200 million from 2010-2012 to African Minerals and London Mining Company, both engaged in mining iron ore with contracts up to 100 years, reports said. Sierra Leone's National Revenue Authority said in report on Wednesday tied the loss to tax concessions in the form of custom and duty waivers, corporate income tax and domestic tax waivers granted the two foreign ...

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