Dangote Group, the West African conglomerate founded by Africa’s richest man, Aliko Dangote, has signed a $650 million (Shs2.4 trillion) loan facility with the African Export-Import Bank (Afreximbank) to enable him complete the $10 billion (Shs37.4 trillion) oil refinery and petrochemical complex he is building in Lekki, Nigeria. According to a
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Kenya’s flagship railway project registered losses of $100m (UShs374.5bn) in its first year of operation, according to the transport ministry, the BBC reports. The China-funded standard gauge railway - which links the coastal city of Mombasa to the capital, Nairobi, - was funded by a $3bn (UShs11.2 trillion) loan from
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The State Minister of Health - General Duties, Sarah Opendi has revealed that there are no records showing forced circumcision of male babies is taking place in Busolwe hospital in ButaleJa district as claimed. In a statement dated July 18, 2018 to Parliament, Opendi says in October 2017, only two
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By Reuters EGM Securities has launched Kenya’s first locally regulated foreign exchange electronic trading platform, opening up domestic forex trading to a broader range of investors, EGM’s chief executive said on Wednesday. Kenyan investors who wished to trade currencies on the Internet have previously had access to international brokers,
Read MoreSeychelles Ambassador Marie-Pierre Lloyd is one of the six new members elected to the Committee VICTORIA, Seychelles, July 18, 2018,-/African Media Agency (AMA)/- The Ministers of Foreign Affairs of the COMESA Authority has endorsed a new group COMESA Committee of Elders at its meeting that took place on 15th July
Read MoreThe summit is expected to be attended by over 1 000 delegates from across the country, to exchange ideas, knowledge and expertise PRETORIA, South Africa, July 18, 2018,-/African Media Agency (AMA)/- Deputy President David Mabuza will tomorrow, 19 July 2018, officially open the National Broad-Based Black Economic Empowerment Rural and
Read MoreIt explores Mandela’s extraordinary life through five themes – Leader, Comrade, Negotiator, Prisoner, Statesman PRETORIA, South Africa, July 18, 2018,-/African Media Agency (AMA)/- This year marks the centenary of Nelson Mandela’s birth as well as twenty five years of diplomatic relations between Ireland and South Africa. To commemorate both occasions,
Read MoreFor more than 30 years, the American people, through USAID, have contributed over $3 billion in assistance to Zimbabwe HARARE, Zimbabwe, July 18, 2018,-/African Media Agency (AMA)/- The United States Agency for International Development (USAID) announces the launch of Pathways, a five-year $35 million program that will offer services to
Read MorePRETORIA, South Africa, July 18, 2018,-/African Media Agency (AMA)/- Remarks by The Minister of Small Business Development, Ms Lindiwe Zulu, on the Occasion of the Brazil, Russia, India, China and South Africa (BRICS) Youth Summit:Programme Director;Chairperson of the National Youth Development Agency, Mr Sifiso Mtshweni;Honoured guests;Ladies and gentlemen Addressing young
Read MoreVarious proposals have been made during the parliamentary leg of the public hearings, where professional bodies came to present CAPE TOWN, South Africa, July 18, 2018,-/African Media Agency (AMA)/- The Portfolio Committee on Transport has called on local communities to come in numbers and attend public hearings on the Road
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