Ghana’s cedi unchanged against dollar

Ghana’s cedi unchanged against dollar

After falling some 40 percent in the last eight months, Ghana's cedi currency has remained unchanged against the dollar for the first time, traders said on Tuesday.According to ...

Mozambique pins hope on gas-powered energy production

Mozambique pins hope on gas-powered energy production

Mozambican President Armando Guebuza says the use of power generated from natural gas for production marks the beginning of a new era in the development of the country's energy ...

IDA grants $500mn loan for Nigeria’s erosion control

IDA grants $500mn loan for Nigeria’s erosion control

The International Development Association (IDA), an agent of the World Bank, has approved a loan of US$508 billion to Nigeria for its erosion control projects, Mr. Chikelo Nwune, ...

West Africa’s BRVM trades 56 347 securities worth $1.5m

West Africa’s BRVM trades 56 347 securities worth $1.5m

A turnover of 56 347 securities worth $1.5 million were traded on Monday by investors on the floor of the Regional Securities Exchange (BRVM) of the eight nation West African franc ...

Proposed zero-aid budget takes centrestage in Malawi media

Proposed zero-aid budget takes centrestage in Malawi media

Malawians on Tuesday woke up to news of the opposition Malawi Congress Party (MCP) warning the government to be cautious on how it will implement the proposed zero-aid budget.The ...

Malawi eyes benefit from Africa consumer conference

Malawi eyes benefit from Africa consumer conference

Malawi Competition and Fair Trading Commission (CFTC) is set to host the 6th Annual Conference of the African Consumer Protection Dialogue to share best practices on the enforcement ...

Seychelles, New Zealand discuss renewable energy

Seychelles, New Zealand discuss renewable energy

Seychelles' President James Michel said that opportunities exist for partnerships to be created between the University of Seychelles and University of Auckland in New Zealand, ...

Ghana’s cedi unchanged against dollar

After falling some 40 percent in the last eight months, Ghana's cedi currency has remained unchanged against the dollar for the first time, traders said on Tuesday.According to analysts, the International Monetary Fund (IMF) assistance programme last month to help the country tackle its fiscal problem has boosted capital inflows. Moreover, the demand for dollars has fallen due to the reduction of imports ...

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Mozambique pins hope on gas-powered energy production

Mozambican President Armando Guebuza says the use of power generated from natural gas for production marks the beginning of a new era in the development of the country's energy sector, APA learns here on Tuesday.Guebuza is quoted by state-run Radio Mozambique as saying this when he launched a new gas-powered plant in Ressano Garcia on the border with South Africa. The broadcaster said the facility has the ...

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IDA grants $500mn loan for Nigeria’s erosion control

The International Development Association (IDA), an agent of the World Bank, has approved a loan of US$508 billion to Nigeria for its erosion control projects, Mr. Chikelo Nwune, National Coordinator of the Nigeria Erosion and Watershed Management Project (NEWMAP), said here on Monday. Nwune told journalists in Abuja that the projects would be funded in eight years under the loan arrangement otherwise known ...

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West Africa’s BRVM trades 56 347 securities worth $1.5m

A turnover of 56 347 securities worth $1.5 million were traded on Monday by investors on the floor of the Regional Securities Exchange (BRVM) of the eight nation West African franc zone in contrast to $900 000 on Friday. The BRVM 10 index rose from 260.70 to 261.09 points, increasing by 0.15 percent. The BRVM Composite index, for its part, increased by 0.17 percent, from 246.52 on Friday to 246.93 on Monday. ...

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Proposed zero-aid budget takes centrestage in Malawi media

Malawians on Tuesday woke up to news of the opposition Malawi Congress Party (MCP) warning the government to be cautious on how it will implement the proposed zero-aid budget.The Daily Times carried an article in which an MCP member of the Parliamentary Budget and Finance Committee, Alexander Dzonzi said the zero-aid budget entails that all Malawians would have to pay tax. He noted that management of state ...

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Malawi eyes benefit from Africa consumer conference

Malawi Competition and Fair Trading Commission (CFTC) is set to host the 6th Annual Conference of the African Consumer Protection Dialogue to share best practices on the enforcement of consumer protection laws scheduled for 8th to 10th September in Lilongwe.CFTC Executive Director Charlotte Malonda told journalists in the capital on Monday that as a young competition authority, Malawi stands to benefit a lot ...

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Seychelles, New Zealand discuss renewable energy

Seychelles' President James Michel said that opportunities exist for partnerships to be created between the University of Seychelles and University of Auckland in New Zealand, reports said on Monday.Michel said there was also a scope in partnership between the University of Auckland and Seychelles Energy Commission, for energy studies and related courses which would ensure that future generations of ...

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Kenya’s inflation jumps to 8.36 percent

Kenya's consumer inflation rose to 8.36 percent in the year to August from 7.67 percent in July, the statistics office said on Monday. The highest interest rate level since June 2012 was blamed on rising food prices and it is more likely that the central bank will lift interest rates in coming months. "With the central bank rate, currently at 8.5 percent, we believe there is room for a modest rise in the ...

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Over US$368m needed for Air Zimbabwe recapitalisation

Zimbabwe's struggling national carrier requires more than US$330 million to purchase new aircraft and a further US$38 million for operational expenses, an official announced Monday.Acting Air Zimbabwe chief executive Edmund Makona told parliament said the airline desperately needs a total of US$368 million to recapitalise its operations. The bulk of the funds would be earmarked for the purchase of new planes ...

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Measles hit Botswana beef industry

The chief executive of the Botswana Meat Commission, Akolang Tombale said Monday that measles disease in cattle affects the quality of beef produced locally.Addressing the just-ended Francistown full council meeting, Tombale explained that measles may cause the delisting of the BMC from exporting its beef to the lucrative European Union (EU) market. He said cattle detected with measles after slaughter are ...

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