Senegal: Groundnut products make sharp increase

Senegal: Groundnut products make sharp increase

The exploitation of groundnut products in Senegal in the first quarter of 2015 increased sharply by 112.8 percent compared to last year, the Dakar-based Directorate of Forecasting ...

Ghana annual inflation up by 0.2 percent in April

Ghana annual inflation up by 0.2 percent in April

Ghana's year-on-year inflation rate stood at 16.8 percent in April, up by 0.2 percentage points from the 16.6 percent recorded in March, the statistics bureau said on Friday.The ...

S/Sudan: Chinese oil workers evacuated from Upper Nile

S/Sudan: Chinese oil workers evacuated from Upper Nile

China has started an evacuation operation of its oil workers from South Sudan's oil-rich Upper Nile State where there have been serious clashes between government troops and rebels. ...

Uganda to borrow €85m to boost hydropower production

Uganda to borrow €85m to boost hydropower production

Uganda is to borrow €85 million to finance the construction of its 44.7 Megawatt hydropower project in Muzizi Kibaale district and its associated transmission line, a top government ...

ICAO opposes EU’s blacklisting  Mozambique carriers

ICAO opposes EU’s blacklisting Mozambique carriers

Mozambique's International Civil Aviation Organisation (ICAO) has expressed its opposition to the EU's decision to put all registered air companies on the blacklist of airlines ...

Djibouti gets $2.73m W/Bank grant to boost employment

Djibouti gets $2.73m W/Bank grant to boost employment

The World Bank on Wednesday announced the signing of a $2.73 million grant for a new employment promotion program for youth and women in Djibouti.According to a statement issued on ...

Mozambique ends national carrier’s monopoly

Mozambique ends national carrier’s monopoly

The Mozambican Civil Aviation Authority has announced that three other airlines will compete with the national flag-carrier, Mozambique Airlines, LAM on the domestic market. This ...

Nigerian govt blames oil workers strike for epileptic power supply

The Nigerian government has raised alarm over dwindling and epileptic electricity supply across the country and blamed the worsening power supply on the ongoing strike by oil workers.The Permanent Secretary of the Ministry of Power, Mr Godknows Igali, told journalists on Friday in Abuja after briefing Vice-President Namadi Sambo on the state of power generation, transmission and distribution in the country ...

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Nigeria;: Two ministers summoned over fuel crisis

The Senate Joint Committees on Petroleum Resources has summoned Nigeria's Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala and the Minister of Petroleum Diezani Allison-Madueke over the lingering fuel scarcity in the country.According to a statement issued by the committees� chairmen, Senators Emmanuel Paulker and Magnus Abe, the two ministers and other stakeholders ...

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Senegal: Groundnut products make sharp increase

The exploitation of groundnut products in Senegal in the first quarter of 2015 increased sharply by 112.8 percent compared to last year, the Dakar-based Directorate of Forecasting and Economic Studies (DPEE) reported on Friday.The products in question have increased from 7,400 tons in the first quarter of 2014 to 15,800 tons a year later. This represents an increase of 8,400 tons in absolute value. The ...

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Ghana annual inflation up by 0.2 percent in April

Ghana's year-on-year inflation rate stood at 16.8 percent in April, up by 0.2 percentage points from the 16.6 percent recorded in March, the statistics bureau said on Friday.The monthly change rate for April was 1.8 percent compared to the 1.0 percent recorded for March. The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 7.2 percent. Last week, the Bank of Ghana unexpectedly ...

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Mozambique: Largest bank gets new CEO

The International Bank of Mozambique, Millennium-BIM, the largest commercial bank in the country has elected former Ports and Railways company, director Rui Fonseca as its new chairperson of the board of directors. He replaces Mario Machungo, a former prime minister, who was chairperson of the bank from its inception in 1995, local media reported on Friday. Machungo is leaving BIM to become a member of the ...

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Nigeria to inaugurate three integrated power plants on Monday

As Nigeria is experiencing its worst power generation challenges, the government has announced plans to inaugurate three integrated power plants with combined electricity generation capacity of 1,464 Megawatts (MW) on Monday.Nigeria's Punch newspaper report on Friday said that yhe Permanent Secretary, Federal Ministry of Power, Dr. Godknows Igali, said in Abuja that the plants would bring the number of the ...

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Mozambique, Philippines intend to cooperate in oil, gas sector

The Philippines government on Friday expressed interest in exchanges with Mozambican business delegations in order to improve cooperation, at industrial and trade and the hydrocarbon sector between the two countries, reports said on Friday. The interest was expressed by the Mozambican Deputy Minister of Foreign Affairs and Cooperation, Nyeleti Mondlane, after a meeting with her visiting Philippines ...

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S/Sudan: Chinese oil workers evacuated from Upper Nile

China has started an evacuation operation of its oil workers from South Sudan's oil-rich Upper Nile State where there have been serious clashes between government troops and rebels. A Chinese Foreign Ministry statement seen by the African Press Agency on Friday disclosed that oil company workers in the Paloch oilfields are being evacuated for security reasons following fighting around the area. Both ...

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Sierra Leone: Aspiring young entrepreneurs win awards

Eight young aspiring entrepreneurs in Sierra Leone have been awarded a total of 300 million Leones (US$70, 000) as part of a programme designed to boost new indigenous businesses in the country. The Freetown-based Life By Design, under its Center for Entrepreneurship and Innovation, launched a business idea competition earlier this year which saw participants go through mentoring in creating business ideas. ...

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IMF says Zambian economy stressed

The International Monetary Fund (IMF) says the Zambian economy has come under increased stress in recent months owing to low copper prices on international markets and significant budget deficits.The IMF executive board said in a statement released in Lusaka on Friday after a recent review of the country's economic performance that during the past two years, the Zambian economy had been weighed down by large ...

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