EBRD pumps $20m into Egypt ‘international Trade

EBRD pumps $20m into Egypt ‘international Trade

The European Bank for Reconstruction and Development (EBRD) has announced $20 million support towards boosting international trade in Egypt.The trade facility is channelled through ...

Threat of fuel shortage looms in Nigeria

Threat of fuel shortage looms in Nigeria

The Major Marketers Association of Nigeria (MOMAN) Executive Secretary, Mr. Femi Olawore, has warned on Wednesday that Nigeria may be thrown into another phase of fuel ...

Nigeria retains interest rate at 12 percent

Nigeria retains interest rate at 12 percent

The Central Bank of Nigeria (CBN) has announced on Wednesday the retention of the Monetary Policy Rate (MPR) benchmark interest rate at 12 percent.The Governor of the Central Bank ...

Ethiopia attributes economic growth to rising exports-W/Bank

Ethiopia attributes economic growth to rising exports-W/Bank

Rising exports have contributed to Ethiopia's double digit economic growth over the past decade, but the recent drop in prices has exposed underlying vulnerabilities in the ...

S/Africa’s June annualised inflation rate unchanged

S/Africa’s June annualised inflation rate unchanged

South Africa's annualised consumer inflation for June remained unchanged when compared with the previous month at 6.6 percent, according to Statistics South Africa (Stats SA) on ...

Africa’s oil and gas industry continues to grow-Experts

Africa’s oil and gas industry continues to grow-Experts

The consultancy group, PwC's ‘Africa oil and gas review' has released on Wednesday its analyses on what has happened in the last 12 months in the oil and gas industry within the ...

Malawi finance minister to conduct pre-budget consultations

Malawi finance minister to conduct pre-budget consultations

Malawi's Finance Minister Goodall Gondwe will for the next 10 days embark on consultations to solicit views from different stakeholders on the country's 2014/15 budget.Treasury ...

EBRD pumps $20m into Egypt ‘international Trade

The European Bank for Reconstruction and Development (EBRD) has announced $20 million support towards boosting international trade in Egypt.The trade facility is channelled through Barclays Bank Egypt under the EBRD's ‘Trade Facilitation Programme (TFP), according to a release issued by the EBRD headquarters in London on Wednesday. With the provision of this facility, the EBRD will issue guarantees in ...

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Threat of fuel shortage looms in Nigeria

The Major Marketers Association of Nigeria (MOMAN) Executive Secretary, Mr. Femi Olawore, has warned on Wednesday that Nigeria may be thrown into another phase of fuel scarcity.Olawore told reporters that the shortage would be inevitable if the government failed to pay the outstanding subsidy totalling over $600 million owed to the members of the association. “To enable importers continue to import product ...

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Nigeria retains interest rate at 12 percent

The Central Bank of Nigeria (CBN) has announced on Wednesday the retention of the Monetary Policy Rate (MPR) benchmark interest rate at 12 percent.The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said the bank had decided to retain liquidity ratio at 30 percent and public and private sector Cash Reserve Requirement (CRR) at 75.0 percent and 15 percent respectively. The decision came ...

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Ethiopia attributes economic growth to rising exports-W/Bank

Rising exports have contributed to Ethiopia's double digit economic growth over the past decade, but the recent drop in prices has exposed underlying vulnerabilities in the country's export structure, the World Bank said in a report on Wednesday.“There is scope for improving the quality of existing commodity exports, through basic value addition, such as coffee wet processing or machine flaying of animal ...

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S/Africa’s June annualised inflation rate unchanged

South Africa's annualised consumer inflation for June remained unchanged when compared with the previous month at 6.6 percent, according to Statistics South Africa (Stats SA) on Wednesday.In its monthly consumer price index (CPI) report for June released in Pretoria, Stats SA said on average prices increased by 0.3 percent between May and June. "Food and non-alcoholic beverages prices increased by a modest ...

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Africa’s oil and gas industry continues to grow-Experts

The consultancy group, PwC's ‘Africa oil and gas review' has released on Wednesday its analyses on what has happened in the last 12 months in the oil and gas industry within the major African markets.The survey draws upon the valuable experience and views of industry players in Africa, including international oil companies operating on the continent, national oil companies, services companies, independent ...

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Malawi finance minister to conduct pre-budget consultations

Malawi's Finance Minister Goodall Gondwe will for the next 10 days embark on consultations to solicit views from different stakeholders on the country's 2014/15 budget.Treasury Secretary Newby Kumwembe said Wednesday that the consultations would run from Thursday until August 2 to gather the views collected from economists, the academia, business people and the media on the budget framework. "The ministry ...

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S/African business delegation in Angola for trade fair

A South African business delegation is in Angola to participate in the five-day Feira Internacional de Angola (FILDA) trade exhibition with the aim of increasing exports to that country, the Ministry of Trade and Industry said on Wednesday.The business delegation, comprising 27 representatives from South Africa, arrived in Angola on Tuesday, according to the ministry, which is assisting the businesses. South ...

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Cameroon gets back seized airlines

The Boeing 737-700 of the Cameroonian Airlines Corporation (Camair-Co) which was seized in France, has been returned to the company, official sources at Camair told APA Tuesday.According to the sources the happy ending came after the payment of $1.4 million which the US-based Aviation Capital Group (ACG) had been asking from the Cameroonian company. To date the Camair-Co float is made up of three aircrafts ...

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Innoson Group set to flood Nigerian market with affordable cars

Nigerian auto manufacturer Innoson Group of Companies, manufacturers of cars, buses, tankers and other products, says it will as from 8 August introduce brand new cars into the Nigerian automobile market at the cost of about $10,000 only.The Chairman and Chief Executive of the company, Mr. Innocent Chukwuma, said on Monday in Enugu in south-eastern Nigeria that the cars, which would be fully air conditioned ...

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