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Nigeria: Etisalat changes brand into 9mobile

Nigeria’s telecommunication company Etisalat Nigeria announced Tuesday it was changing its name, to become 9mobile, reports say. Etisalat Nigeria is the country’s fourth largest telecom operator and boasts over 20 million customers. Its owners, Emerging Markets Telecommunication Services Limited (EMTS) have informed Nigeria’s Communications Commission (NCC) about the name-change. The new name will be fully […]

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Fertilizer industry: Zambia seeks to attract Moroccan investors

Zambia, which remains a net importer of fertilizers, has called on Moroccan operators to invest in the fertilizer industry, to help curb the high cost of crop production. The call was launched by Minister of Agriculture Dora Siliya at a meeting in Lusaka Monday with a Moroccan delegation, led by Secretary of State for Foreign […]

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Algeria eyeing renewable energy, Minister Guitouni

Algeria’s energy minister Mustapha Guitouni stated that they have to “use technology at the optimum level to get better returns” of their oil and gas resources as well as better evaluate them while increasing investment in the oil sector. He revealed that part of the Algerian government’s diversification plan is to increase the amount of […]

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Ailing Air Zimbabwe to lay off 200 employees

Struggling national flag carrier Air Zimbabwe (AirZim) has lurched into a new crisis on Tuesday as the management of the carrier announced plans to cut half of its 400 jobs. The restructuring plan of Airzim is meant to revive the ailing national carrier, Chairwoman Chipo Dyanda said on Wednesday. In her words, Air Zimbabwe would […]

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Emirates reduces Angola flights over funds repatriation

The world’s largest long haul carrier, Dubai-based Emirates, has reduced its five weekly flights to the Angolan capital Luanda due to the difficulty of repatriating revenues earned in the oil-rich nation, the carrier said. In a letter dated July 9, to Angola’s transport minister Augusto da Silva Tomas, Emirates President Tim Clark wrote: “As I […]

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Shell to invest $1bln a year in renewables energy as of 2020

The world’s second largest publicly-traded oil company, Royal Dutch Shell Plc, plans to increase its investment in renewable energy to $1 billion a year by the end of the decade, Agence Ecofin reported on Monday. According to Ben van Beurden, CEO of the group, the transition to a low carbon energy system will take decades […]

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Tourism now contributes to about 8.5% to Africa’s GDP

African governments should make it easier and safer for Africans to travel within the continent and improve the tourism sector as it accounts for 14% jobs across the continent, the United Nations said in a new report. In the introduction to its Economic Development in Africa Report 2017 titled “Tourism for Transformative and Inclusive Growth”, […]

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Namibia: grape exporters target $76.3 million in 2017

Namibian grape producers are expecting to glean $76.3 million worth of revenues in 2017, an increase of 29.8% over the previous year, Freshplaza news portal reported. The grape industry in the Southern African nation keeps expanding as more companies set up vineyards, which not only means job opportunities for many unemployed people but also contributes […]

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Benin secures WB loan to ease power crisis

The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African tiny nation. The loan was provided under a development aid fund put in place the international development association (IDA), an arm of the institution, which gives loans to the poorest […]

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Mozambique: Gemfields achieves record revenues at ruby auction

Gemfields, the world’s largest gemstone, has earned record revenues from its latest auction of rough ruby extracted by 75%-owned Montepuez Ruby Mining at the Montepuez ruby deposit in Mozambique. The auction was held in Singapore June 10-14 and was the second ruby and final auction of this financial year, furtherafrica news portal reported. During the […]

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