Gambia: 20-year agric spending tops $150m

Gambia: 20-year agric spending tops $150m

The Gambia government of President Yahya Jammeh said it has injected a total of $186,611,650 on nine agricultural projects since its advent in 1994.This was revealed by the Finance ...

Nigeria loses over $5bn to oil theft every year-EIA

Nigeria loses over $5bn to oil theft every year-EIA

The value of the estimated 150 thousand barrels lost to oil theft each day-amounting to more than $5 billion per year-would be sufficient to fund universal access to electricity for ...

Malawi September inflation at 23.7 percent year-on-year

Malawi September inflation at 23.7 percent year-on-year

Malawi consumer inflation for September 2014 stands at 23.7 percent compared to the headline inflation of 21.7 percent point from same period last year (September 2013), the ...

Ghanaians hail fuel price cut

Ghanaians hail fuel price cut

Following the announcement by the National Petroleum Authority (NPA) that fuel prices will be cut by 2 percent effective Tuesday, Ghanaians have been hailing the move but demanded ...

Morocco to turn to international financial market for funding

Morocco to turn to international financial market for funding

Morocco may go to the international bond market to raise some external financing for next year, Finance Minister Mohamed Boussaid said on Monday.According to Boussaid, Morocco's ...

BOAD approves CFA 18.5b for Ouagadougou road planning

BOAD approves CFA 18.5b for Ouagadougou road planning

The West African Development Bank (BOAD) will provide up to CFA 18.5 billion for the planning project to construct the N°4 Ouaga-Koupela road section, the Ministry in charge of ...

Kenya interbank rate slips to 6.05 percent

Kenya interbank rate slips to 6.05 percent

Kenya's average interbank rate fell to 6.05 percent in the week ending October 15, 2014 from 6.62 percent the previous week, the Central Bank said on Monday. The volume transacted ...

Gambia: 20-year agric spending tops $150m

The Gambia government of President Yahya Jammeh said it has injected a total of $186,611,650 on nine agricultural projects since its advent in 1994.This was revealed by the Finance and Economic Minister Kebba Touray, at the recent launching of The Gambia Commercial Agriculture and Value Chain management Project (GCAV) in Banjul. Press reports on Monday quoted Touray as saying the GCAV being the latest ...

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Nigeria loses over $5bn to oil theft every year-EIA

The value of the estimated 150 thousand barrels lost to oil theft each day-amounting to more than $5 billion per year-would be sufficient to fund universal access to electricity for all Nigerians by 2030, the International Energy Agency (EIA) said in its latest report on Africa. According to the report, almost 30 percent of global oil and gas discoveries made over the last five years have been in sub-Saharan ...

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Malawi September inflation at 23.7 percent year-on-year

Malawi consumer inflation for September 2014 stands at 23.7 percent compared to the headline inflation of 21.7 percent point from same period last year (September 2013), the statistics office said on Monday.There is a decline of 0.8 percent from last month (August 2014) before. The urban and rural rates stand at 30.9 percent and 19.8 percent respectively. Overall, food inflation stands at 22.7 percent from ...

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Ghanaians hail fuel price cut

Following the announcement by the National Petroleum Authority (NPA) that fuel prices will be cut by 2 percent effective Tuesday, Ghanaians have been hailing the move but demanded that the government do more to stabilize the local currency and strengthen the economy. The NPA on Monday issued a statement explaining that the reduction was in accordance with a drop in the prices of crude oil and petroleum ...

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Morocco to turn to international financial market for funding

Morocco may go to the international bond market to raise some external financing for next year, Finance Minister Mohamed Boussaid said on Monday.According to Boussaid, Morocco's external borrowing needs in 2015 will reach 24 billion dirhams or around $2.77 billion to plug a budget deficit estimated at 4.3 percent of the gross domestic product. Morocco has gone further than most in the region in making ...

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BOAD approves CFA 18.5b for Ouagadougou road planning

The West African Development Bank (BOAD) will provide up to CFA 18.5 billion for the planning project to construct the N°4 Ouaga-Koupela road section, the Ministry in charge of infrastructure informed APA.The money earmarked for the project is in the form of a loan from WADB and covers 95 percent of the total cost excluding tax. It will be used to fully cover the works, control, supervision, technical and ...

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Kenya interbank rate slips to 6.05 percent

Kenya's average interbank rate fell to 6.05 percent in the week ending October 15, 2014 from 6.62 percent the previous week, the Central Bank said on Monday. The volume transacted decreased to KSh 15.16 billion (about $172 988 000) from KSh 20.77 billion (about $237 003 000) traded in the previous week, whereas the average number of deals decreased from 41 to 33 ...

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Ugandan leader attends African investment summit

Ugandan leader Yoweri Museveni is n the British capital, London for The Global African Investment Summit [TGAIS], APA learns here Monday The two day summit that which opens Monday morning is aimed at courting top institutional investors to direct funds into projects across the five African nations of Uganda, Ghana, Togo, Tanzania and Rwanda. President Museveni is expected to showcase 14 projects at the ...

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Pan African miner says Zimbabwe gold output up 23 percent

Pan African mining firm Mwana Africa said Monday that gold output at its Zimbabwean mine leapt 23 percent in the three months to September 2014 on the back of improvements in feed grade, recovery and milled tonnage.In an operational update, the firm said gold production at its Freda Rebecca Mine rose from 13.503 ounces in the three months to 16.555oz in the quarter to the end of September. Tonnes milled rose ...

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French mobile operator eyes Swazi market

French telecommunications giant Orange is eyeing Swaziland's mobile phone market and could soon add Africa's last absolute monarch to its growing presence on the continent, the Times of Swaziland reported on Monday.Quoting an unnamed official purportedly representing Orange interest, who was in the country last week, the paper said the French firm exploring ways to have the mobile operator coming into ...

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