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Mauritius to sell citizenship

As a means to further encourage investors to seize business and investment opportunities in Mauritius, the government of the Island nation has introduced a scheme to grant Mauritian citizenship to eligible foreigners. Mauritius is offering foreigners the chance to obtain the country’s citizenship in exchange for a non-refundable contribution of one million dollar to the […]

DRC to liberalize 90% of African imports by 2020

Democratic Republic of Congo’s chief negotiator for the African Continental Free Trade Area (AfCFTA), Floribert Kwete Mikobi, said that DRC will liberalize 90% of imports of goods and other services from other African countries by the year 2020. According to him, the mineral-rich nation will ratify the African Continental Free Trade Area agreement and liberalize […]

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Kenyan government unveils next year’s budget

Kenyan Treasury cabinet secretary Henry Rotich has unveiled the 2018/2019 budget in Parliament, local media reported. The expenditure will help finance President Uhuru Kenyatta’s so-called Big Four agenda, which seeks to boost agriculture, manufacturing, healthcare and home building to drive economic growth. The record budget of 3.07 trillion shillings is expected to be financed through […]

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Somalia, Ethiopia to invest in four seaports on Red Sea

Somalia and Ethiopia will jointly invest in four seaports to attract foreign investment to the two countries, an official statement said. The move comes after an official meeting between Ethiopia’s Prime Minister Abiy Ahmed and Somalia’s president Mohamed Abdullahi Farmaajo in Mogadishu. The two leaders held talks on business, security, peace efforts and integration during […]

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Ghana, Côte d’Ivoire to agree on cocoa export volumes from next year

Ghana and Côte d’Ivoire will jointly decide on the volume and timing of cocoa exports by August for the 2019/20 season, the head of Ghana’s Cocobod said on Wednesday. The world’s top two producers of cocoa have agreed to harmonize the forward sales of cocoa export contracts, a statement released by Ghana Cocobod and its […]

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Nigeria’s inflation drops to lowest in more than two years

Nigeria’s yearly inflation rate has dropped to 11.61 per cent in May, the National Bureau of Statistics (NBS) said on Wednesday. According to the bureau, this figure is 0.87 per cent points less than the rate recorded in April. The report stated that increases were recorded in all the Classification of Individual Consumption by Purpose […]

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Morocco-EU Farm Agreement to Cover Sahara

Morocco and the European Union are heading towards the renewal of the fishing protocol, as the College of Commissioners unanimously adopted on Monday the exchange of letters that include the Moroccan Sahara in the agricultural agreement. This is an important step since Rabat and Brussels started negotiations on the renewal of the fisheries agreement with […]

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DR Congo’s PM to sign new mining code despite miners’ opposition

Democratic Republic of Congo Prime Minister will sign into law this Friday regulations to immediately implement a new mining code that will replace the previous 2002 law. Mines Minister Martin Kabwelulu said the regulations would first be adopted at a cabinet meeting on Friday and then signed by Prime Minister Bruno Tshibala in the evening, […]

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IFC gives BOA $60M to support SMEs in 8 African countries

The International Finance Cooperation, a member of the World Bank Group, announced earlier this week a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries, facilitating growth and job creation in the region. IFC’s investment will cover as much as […]

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MTN Ghana finally launches IPO, raises target to $787 Million

Africa’s leading telecommunication company MTN has launched its Initial Public Offering (IPO) in Ghana. The move has been described by industry players as historic in the West African nation. The IPO, which was launched by Ghana’s Finance Minister Ken Ofori Atta, will give a fraction of the business to Ghanaians by issuing some of its […]

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