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Gabon unveils $300 million new port Harbor

The Gabonese government on Saturday, unveiled a $300 million port as the central African nation seeks to modernize the existing Port of Owendo. The new port was constructed in partnership with Olam group from Singapore and will be partly managed by French logistics company, Bolloré. The project will allow the country to revive the economy […]

Tunisia: Attijari Bank to sell client’s 27.550 shares over court decision

Country’s largest banking network Attijari Bank is to sell 27.550 shares belonging to a client who contracted a loan from the bank. The decision for the sale has been made by a court decision. Tunis stock market on Friday said the auction would take place October 17. The minimal rate for the share is $14.14 […]

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Morocco Looks forward to establishing tripartite partnership with Russia and Africa

Morocco expressed its steady commitment in favor of Africa and invited Russia to seal a tripartite partnership to undertake mutually beneficial projects in the continent. The call was made by Head of the Moroccan government who was speaking at a Moroccan-Russian working session on the occasion of the state visit of Russia’s Prime Minister Dmitri […]

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Uganda to export electricity to South Sudan

Uganda will soon supply power to South Sudanese border towns as part of the East Africa Community agreement to help member states, state-run news agency Sudan Tribune reports. According to Uganda’s energy minister Simon D’janga, the 400 kilo-volts of power will be supplied to the towns of Kaya and Nimule in South Sudan to boost […]

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World’s second-biggest diamond from Botswana sold for $53m

The world’s second-biggest diamond found in Botswana’s mine has been sold for $53 million on Tuesday, the Canadian Lucara Diamond Corporation, which owns the mine, said in a statement. The Lesedi La Rona diamond was sold to the London-based jeweller Laurence Graff, the company said. The price was an improvement on the highest bid received […]

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Tanzania seizes British miner’s diamonds

The Tanzanian government has seized British Petra Diamonds’ ores worth nearly $30m amid a government investigation, the company said on Monday. “Petra confirms that a parcel of diamonds (71,654.45 carats) from the Williamson mine in Tanzania has been blocked from export to Petra’s marketing office in Antwerp and certain key personnel from Williamson are currently […]

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Tanzania: Gold miner Acacia reduces operations, cuts workforce

The Canadian gold miner, Acacia, on Monday, announced that is has reduced operations and cut its workforce in Tanzania, few months after the East African nation banned export of gold and copper concentrate . Acacia, which is majority-owned by Canadian firm Barrick Gold, has said the continuation of the ban will hurt its ability to […]

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Equatorial Guinea accuses Total of ‘fraud’, demands €73 mln

Oil-rich Equatorial Guinea is demanding about €73 million from French oil group Total over “fraud” in fuel sale between 2010 and 2012, Finance Minister Miguel Egonga Obiang said on Monday. “Following an investigation, we found a suspicious and fraudulent situation,” said the Finance Minister. According to AFP, the government has asked Total to present a […]

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ECOWAS Membership to Enable Morocco to Act as bridge between Europe & Africa- German Economist

As a member of the Economic Community of West African States (ECOWAS), Morocco would be better able to fulfill its desired role as a bridge between Africa and Europe, said Christoph Kannengießer, the chief executive officer of the German-African Business Association. The German expert told DW that Morocco’s bid to join the ECOWAS is a […]

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Senegal to launch its first internet exchange point, SenIX

Senegalese government plans to launch its first Internet Exchange Point on August 29 in the capital city Dakar, Cheikh Bakhoum, the Director General of the Senegalese State Information Agency (ADIE) and Chairman of Senegal Internet Exchange Point (SenIX) said in an interview with CIO Mag. The infrastructure will allow a direct exchange of Internet traffic […]

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