Tanzania inks $154 mln deal with China to expand main port
Tanzania’s government this weekend signed a $154 million contract with Chinese giant China Harbour Engineering Company (CHEC) to expand the East African nation’s main port in capital city Dar es Salaam. According to the agreement, China’s state-run CHEC will build a roll-on, roll-off (ro-ro) terminal and deepen and strengthen seven berths at Dar es Salaam […]
Uganda to increase 2018 budget by 10%
For the fiscal year that starts in early July, the Ugandan government is planning to raise its budget by 10% to $8.09 billion, Finance Minister Matia Kasaija told members of Parliament on Thursday. The upward revision, according to the minister, will enable the East African nation revive its ailing economy. “As a result of these […]
Central Africa saw FDI flows decline by 15% – UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) on Wednesday released the report on foreign direct investment (FDI) around the world. According to the report, FDI flows to developing countries fell by 14% to $646 billion. However, this sharp decline has not overshadowed the interest of Asian and Asian investors in these countries, which […]
Nigeria: 20 whistleblowers to get over $1mln from gov’t
The Nigerian government will disburse about $1.2 million to reward whistleblowers for offering information leading to the recovery of over $36.8m in the West African nation. The Whistleblower Policy was launched in December 2016 by the administration of President Buhari to help recover looted state funds. “The payment underscores the commitment of the President Muhammadu […]
Lesotho’s ex-leader Thomas Thabane wins election
Former Prime Minister of Lesotho, Thomas Thabane has taken the lead in the country’s parliamentary election, final results published on Tuesday showed. According to the Independent Electoral Commission (IEC), Thabane’s party won 48 seats out of 120, ahead of Prime Minister Pakalitha Mosisili, who won only 30 seats. The ABC secretary general Samonyane Ntsekele said […]
Cameroon arrests 30 anti-terrorism soldiers
The government of Cameroon on Monday arrested over thirty anti-terrorism soldiers engaged in the fight against Boko Haram in the northern-regions of the West-African nation. The demobilized soldiers were protesting to demand for payment of bonuses and relief from the forefront. The Ministry of Defense indicated that those arrested will face a judicial enquiry for […]
Top Ivorian midfielder Cheick Tiote dies at 30
Ivorian international midfielder Cheick Tiote died of a heart failure while exercising with his Chinese club side, Beijing Enterprises on Monday. Tiote who spent seven years at the Tyneside club with 150 appearances, including three last season, joined Chinese second-tier side, Beijing Enterprises, in February. “It is with deep sadness I confirm that Cheick Tiote […]
South Africa could harvest highest maize crop in 40 years
South Africa is expecting to harvest its highest maize crop in 40 years following good rains in the first quarter of 2017. According to the South African Crop Estimates Committee (CEC), farmers are set to harvest over 15 million tons of maize this season, almost double last year’s harvest. The extra produce is expected to […]
Liberia: 22 political parties ink peace accord ahead of polls
Twenty two registered political parties in Liberia have signed an accord on Wednesday to uphold peace during the general elections in the West African nation this year. According to a statement by the National Elections Commission, the parties presented their agreement to the head of the local electoral body. The electoral chief Jerome George Korkoya, […]
DRC: EU sanctions 9 more officials
The European Union has adopted restrictive measures against nine individuals responsible for serious human rights violations in the Democratic Republic of the Congo (DRC), with immediate effect, the European Union announced in a statement Monday afternoon. These officials, who held or still hold positions of responsibility in the State administration and in the chain of […]
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