Senegal’s economic activities up by 10 percent in March

Senegal’s economic activities up by 10 percent in March

Senegal's economic activity (except for agriculture and forestry) increased by 9.5 percent in March 2016 compared to the previous month, APA learned on Monday from the Policy and ...

Nigeria intensifies oil exploration in Chad Basin

Nigeria intensifies oil exploration in Chad Basin

Nigeria has restated its commitment to the exploration of oil and gas in the Inland Basins, especially Chad Basin and the Benue Trough.The Minister of State for Petroleum Resources, ...

Nigeria’s port receives four ships with petrol

Nigeria’s port receives four ships with petrol

Four ships laden with Premium Motor Spirit (PMS) otherwise known as petrol have arrived at Lagos ports, waiting to discharge, reports said on Saturday.The Nigerian Ports Authority ...

Ghana‘s GDP slips to 3.9 percent in 2015-Official

Ghana‘s GDP slips to 3.9 percent in 2015-Official

Ghana's gross domestic product (GDP) has reduced from 4 percent in 2014 to 3.9 percent in 2015, APA learns here. This was attributed to the decline in the country's export of key ...

Botswana gets over $76m AfDB credit to diversify economy

Botswana gets over $76m AfDB credit to diversify economy

In a bid to help Botswana diversify its economy, the African Development Bank (AfDB) has approved a 850-million Pula ($76.2-million) line of credit (LOC) to Botswana Development ...

Egypt: Thursday trading loses EGP 1.4 billion

Egypt: Thursday trading loses EGP 1.4 billion

The Egyptian Exchange (EGX) indices shut on Thursday's session collectively down amid selling operations by local institutions. Market capitalisation has recorded losses worth ...

Cairo to host 240 firms during Food Africa exhibition

Cairo to host 240 firms during Food Africa exhibition

The Food Africa exhibition, the largest specialised fair for food and agricultural crops in Africa, will be held on May 4 by the Egypt Expo and Convention Authority (EECA), ...

Casablanca to host 4th Arab-Japanese Economic Forum

The fourth edition of the Arab-Japanese Economic Forum will take place in Casablanca on May 4-5, with the participation of a large delegation led by Japan's Minister of Economy, Trade and Industry, Motoo Hayashi,The forum will be a platform for the exchange and development of economic relations and investment, and the promotion of cooperation between Arab and Japanese governments and economic communities, to ...

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Mauritania gold rush: Diggers require official authorization

The Mauritanian government has introduced a new law regulating individual gold prospecting, which had been absent from the country's mining code, despite her rich deposits of the precious metal.The new legislation was prompted by the mad gold rush recently witnessed in the Inchiri region (Northwest of Nouakchott) involving individuals seeking superficial amounts of gold. The scenario began a few months ago ...

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S/African airline’s suspension lifted

The South African government has lifted suspension of Air Operator's Certificate of SA Express airline‚ a day after it grounded the state-owned passenger carrier for safety reasons.Officials of the South African Civil Aviation Authority (SACAA) tweeted on Monday that “it is business as usual...Our normal flight schedule will kick into effect with immediate effectâ€�. The airline was forced to cancel ...

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Ethiopia close to kick-starting $150b green economy – Official

Ethiopia is set to begin implementing her so-called green economy projects worth $150 billion over the coming 20 years, according to the country's minister of Environment, Forest and Climate Change, Kare Chawicha.Speaking in Addis Ababa on Monday Chawicha divulged that of the total, $50 billion will be spent constructing low-carbon emission infrastructures around Ethiopia. The source of funding will be the ...

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S/Africa delegation poised for economic forum in Rwanda – Presidency

South African deputy President Cyril Ramaphosa will lead a delegation to the 26th World Economic Forum Africa (WEFA) in Rwanda next week, the Minister in the Presidency for Planning, Monitoring and Evaluation, Jeff Radebe disclosed on Monday.The forum is themed “Connecting Africa's Resources through Digital Transformation� and will take place from 11 to 13 May. Radebe said government, through its ...

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German backs EU economic partnership agreement with SADC

Germany has approved the signing of the Economic Partnership Agreement (EPA) of the European Union (EU) with the Southern African Development Community (SADC) member states.EPA will guarantee permanent tax and quota free access to the European market for products from EPA-SADC countries that includes Botswana, Lesotho, Mozambique, Namibia and Swaziland. South Africa, as the most developed country in the ...

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Nigeria to draw down $480m looted funds soon – minister

Nigeria's Attorney General Abubakar Malami says the country will soon draw down $480 million looted by fraudulent Nigerians and warehoused in the United States of America. Nigeria's Vanguard newspaper report said that the optimism stems from a recent comparison of notes between top US and Nigerian officials on the looted funds, which were spread in many banks and commercial ventures in America. Malami told ...

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Nigeria: Foreign reserves dip to $27.1bn

Amid myriad of restrictive measures to stem the steady slide in the external sector of the Nigerian economy, a significant reversal of gains has been recorded in foreign reserve, with latest figures put at $27.1 billion as at last weekend. The figure, according to local media reports, showed a decline by $730 million or about 2.6 percent in April 2016 as against $27.9 billion recorded in March. The March ...

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Senegal’s economic activities up by 10 percent in March

Senegal's economic activity (except for agriculture and forestry) increased by 9.5 percent in March 2016 compared to the previous month, APA learned on Monday from the Policy and Economics Branch (DPEE).In February, the economic activity recorded a progression of 5.6 percent, an increase of 3.9 percentage points. According to the DPEE, this is mainly driven by the services sector which grew by 14.3 percent. ...

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BADEA grants $50m line of credit to Afreximbank

The Arab Bank for Economic Development in Africa (BADEA) and the African Export-Import Bank (Afreximbank) have signed an agreement for a $50 million line of credit granted to Afreximbank by BADEA for the financing of trade operations between Arab and African countries aimed at guaranteeing regular flows of goods and services vital for economic growth. A statement by Afreximbank on Sunday said that the line ...

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