Gambia secures $45mn loan from Indian bank for electricity expansion

Gambia secures $45mn loan from Indian bank for electricity expansion

The Gambia government has signed a US$45 million financing agreement with the Indian government through the Export-Import Bank of India, a press release from the Ministry of Finance ...

Gambian magistrates’ court sentences two Egyptians to prison

Gambian magistrates’ court sentences two Egyptians to prison

Two Egyptian men have been sentenced to a fine of D500, 000 (about US$12,200) or spend three years in prison for fishing with prohibited fishing gears in Gambian waters. The local ...

W/Africa’s BRVM trades securities worth over $2.676m

W/Africa’s BRVM trades securities worth over $2.676m

The Regional Securities Exchange (BRVM) of the eight nation West African franc zone closed its trading session on Thursday, lower than the previous day.A turnover of 607 131 ...

Seychelles, UNDP ink agreement for new environmental projects

Seychelles, UNDP ink agreement for new environmental projects

Seychelles and the United Nations Development Program (UNDP) have signed agreements for new environmental projects worth more than US $10 million, local media reports said on ...

S/African platinum miner to invest US$40m at Zimbabwe operation

S/African platinum miner to invest US$40m at Zimbabwe operation

South African miner Aquarius Platinum says it plans to invest more than US$40 million over the next five years in an expansion programme at its jointly owned Zimbabwean operation.In ...

Nigeria approves five-year visa for foreign investors – envoy

Nigeria approves five-year visa for foreign investors – envoy

In the bid to speed up economic development of the country, the Nigerian government has approved a five-year visa for each genuine foreign investor in the country, the Nigerian ...

10 vessels laden with petroleum products, other goods arrive at Lagos ports

10 vessels laden with petroleum products, other goods arrive at Lagos ports

Ten vessels laden with petroleum products and other goods are awaiting to berth at Lagos ports, the Nigerian Ports Authority (NPA) has ...

Gambia secures $45mn loan from Indian bank for electricity expansion

The Gambia government has signed a US$45 million financing agreement with the Indian government through the Export-Import Bank of India, a press release from the Ministry of Finance in Banjul stated here Thursday. The agreement, which was recently signed in the Indian capital New Delhi, is for electricity expansion and replacement of obsolete water pipe networks in the Greater Banjul Area. The deputy ...

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Gambian magistrates’ court sentences two Egyptians to prison

Two Egyptian men have been sentenced to a fine of D500, 000 (about US$12,200) or spend three years in prison for fishing with prohibited fishing gears in Gambian waters. The local media in Banjul on Friday reported that the men have been given 30 days to pay the fine and their bail conditions have been extended for the period. Muhammed Ahamed Ibrahim Ahamedmale and Hassan Shaaban who maintained that they ...

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W/Africa’s BRVM trades securities worth over $2.676m

The Regional Securities Exchange (BRVM) of the eight nation West African franc zone closed its trading session on Thursday, lower than the previous day.A turnover of 607 131 securities worth XOF 1.39 billion (about $2.676 million) were traded on Thursday by investors on the floor of BRVM in contrast to XOF 746.97 million (about $1.438 million) on Wednesday. BRVM 10 index decreased from 254.94 to 254.29 ...

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Seychelles, UNDP ink agreement for new environmental projects

Seychelles and the United Nations Development Program (UNDP) have signed agreements for new environmental projects worth more than US $10 million, local media reports said on Friday.According to the Nations Newspaper reports, the agreements cover the financing of three new environmental projects: A Resource Efficiency Project, an Adaptation Project and an Outer Island Project. The agreements were signed by ...

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S/African platinum miner to invest US$40m at Zimbabwe operation

South African miner Aquarius Platinum says it plans to invest more than US$40 million over the next five years in an expansion programme at its jointly owned Zimbabwean operation.In a commentary in its 2014 annual report published Friday, Aquarius revealed that it was targeting expanding its operations at Mimosa Mine in south-western Zimbabwe under a programme that would extend the mine's lifespan by 20 ...

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Nigeria approves five-year visa for foreign investors – envoy

In the bid to speed up economic development of the country, the Nigerian government has approved a five-year visa for each genuine foreign investor in the country, the Nigerian Ambassador to Ireland, Dr Bolere Ketebu, has said. The Nigerian Tribune newspaper report on Friday said that the ambassador told participants at the ongoing Fourth African-Ireland Economic Forum in Dublin, Ireland on Thursday that the ...

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DR Congo contributes $3m to kickstart fund for green economy

Democratic Republic of Congo (DRC) has announced a $3 million contribution to start the Fund for the Green Economy in Central Africa (FEVAC), according to DRC's deputy Minister of Defense Mr. Tambo Loaba.Loaba made the announcement during the conference of Ministers of the Economic Community of Central African States (ECCAS) held from October 27-30 in Kinshasa. The conference-on the FEVAC and the structural ...

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Nigeria’s Zenith Bank posts $434m 3Q profit

Nigeria's Zenith Bank Plc has announced an after-tax profit of N71.1 billion (about $434m) in the nine months period ended September 30, 2014, up from N67.3 billion (about $448m) in the same period of 2013.According to the result filed with the Nigerian Stock Exchange (NSE) by Zenith Bank, the pre-tax profit of the bank dropped by 18.3 percent to N86.8 billion (about $578m) from N106.2 billion (about $708m) ...

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Nigeria’s total pension asset hits over $30bn – official

The Director-General of Nigeria's National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, says that Nigeria's total pension asset has risen above N4.5 trillion (about $30bn).Anohu-Amazu said at a conference on Pension Reform Act, organized by the commission for stakeholders in the South-West, on Thursday in Lagos that it was heart warming that within a decade of the pension reform and the ...

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