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Indian telecom operator Airtel shapes Africa exit plan

India’s biggest mobile carrier Bharti Airtel Ltd, which owns telecom assets in 14 African countries, on Wednesday said it is looking at a potential initial public offering (IPO). Bharti Airtel International (Netherlands) BV said the discussion on feasibility of listing its shares on an “internationally recognized” exchange was still in preliminary stage. Bharti Airtel, which […]

Boko Haram leader flees in hijab

The controversial leader of the terrorist Boko Haram group, Abubakar Shekau, has reportedly succeeded to escape as the Nigerian army on Tuesday cleared out a key base of the insurgent group at the Sambisa forest, the last known hideout of the insurgents, the army said in a statement. Abubakar Shekau was last seen dressed as […]

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Record Number of Tourists Visit Morocco in 2017

Morocco has attracted in 2017 a record number of international tourists due to the country’s stability, tolerance, very competitive holiday deals, deeply rooted hospitality and intensive promotion campaigns. Last year, there were 11.4 inbound visits, a 10 per cent higher than the previous year. This is the first time that the North African country received […]

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Air Senegal to take-off by April – CEO

Senegal will launch its new national airline, Air Senegal SA, by April 2018, the company’s director general, Philippe Bohn announced on Monday. According to Bohn, the company that will serve mainly the countries of the West African sub-region will be operational as soon as it has obtained the air operator license issued by the National […]

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Newcomers join African Billionaires on Forbes 2018 List

The US Forbes magazine released its annual ranking of global billionaires, showing that 2017 was a record year for the richest personalities on the planet, and also that the list of African billionaires is longer. The 23 billionaires that Forbes found in Africa, up from 21 last year, cumulated assets valued at over $75.4 billion, […]

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Ghana to build new oil refinery for $4 billion

Ghana is set to establish a refinery in the central region of the West African nation, to refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko said on Thursday. According to the Minister, the project will reduce significantly, the amount of oil the country imports to meet its demands, and to attain the […]

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Regional Industrial Acceleration Plan for Souss-Massa Unveiled

The 2014-2020 Industrial Acceleration Plan for Souss-Massa region was unveiled at a ceremony held in Agadir Sunday under the chairmanship of King Mohammed VI, who also oversaw the signing of eight agreements and a protocol related to industrial investments. The carrying out of the industrial acceleration plan in Souss-Massa launches the regional implementation of the […]

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Nigeria to raise $2.5 billion through Eurobonds

Nigeria will raise $2.5 billion through Eurobonds in the first quarter, the Debt Management Office (DMO) said on Thursday. According to the head of the DMO, Patience Oniha, the country will also try to get back into the JP Morgan Government Bond Index (GBI-EM), with improving liquidity in the local currency market. The African most […]

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Ethiopian Airlines to revamp Zambia’s carrier

Ethiopian Airlines on Tuesday said it had signed an agreement with the Zambian government to revamp the country’s ailing national carrier. According to the Addis Ababa-based carrier, the Government of Zambia will be the majority shareholder with 55% and Ethiopia will have 45% stakes in the airline. Ethiopia’s state-owned flag carrier signed a similar deal […]

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H&M shuts South African stores, apologies for ‘monkey’ advert

The Swedish clothes retailer H&M has closed all its shops in South Africa after an online advert that featured a black child wearing a hoodie with the text “coolest monkey in the jungle, sparked outrage. The protests were organized by South Africa’s radical political movement, the Economic Freedom Fighters (EFF), whose leader, Julius Malema, said […]

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