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Angola Becomes Africa’s Top Oil Producer – OPEC

Nigeria has again lost its Africa’s top oil producer status to Angola, as the country’s crude oil production fell by 67,000 barrels per day last month, the Organization of Petroleum Exporting Countries (OPEC) said on Wednesday. OPEC, in its Monthly Oil Market Report for February 2017 put crude oil production from Nigeria at 1.604 million […]

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DRC to Produce 1.5 Million Tons of Copper in 2018

The Democratic Republic of Congo will mine about 1.5 million tons of copper in 2018, the industry-led Chamber’s vice-president said on Wednesday. Simon Tuma-Waku, who was speaking on the sideline of African Mining Indaba conference in Cape Town, said the expected 2018 resumption of Glencore’s Katanga Mining project, which has been suspended since September 2015, […]

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EU Pledges to Protect Farm Accord & Partnership with Morocco

The EU has vowed to take the necessary measures to protect the farm accord and partnership sealed with Morocco, affirming that the accord was not endangered by an EU court ruling. The commitment was made by the European Commission President Jean-Claude Juncker and EU foreign policy chief Federica Mogherini during a meeting held Tuesday with […]

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Tanzania Seeks $46 Billion in Power Investment

Tanzanian government on Monday unveiled a power system master plan that requires $46.2 billion in investment over the next 20 years to revamp its ailing energy sector by 2040. According to the East-African nation’s energy ministry, 70 percent of the needed amount would be financed by debt and the rest by the government’s own resources. […]

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Cameroon: Internet Cut Cost $723,000 for Businesses – IWB

In Cameroon, businesses are losing money as a result of an internet cut that has been ongoing since January 17, 2017. Schools as well as public services in the English-speaking region of the country remain closed, local media reported. According to a report published by Internet Sans Frontières (Internet without Borders), small businesses lost an […]

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Morocco Offers $5.1 Million to Fund South Sudan’s New Capital

In keeping with its south-south cooperation policy towards African sister nations, Morocco will contribute $5.1 million to cover feasibility studies of the project to build South Sudan’s new capital. The announcement was made on Wednesday in Juba, where King Mohammed VI is paying an official visit. Together with South Sudan’s President Salva Kiir Mayardit, the […]

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South Africa: Mineworkers to Down Tools over Wage Dispute

South Africa’s powerful National Union of Mineworkers (NUM) on Wednesday announced that coal miners would down tools in the “coming weeks” over the structure of industry wage talks. The union is opposed to the coal companies’ intention to negotiate wages on an individual basis, rather than collectively under the Chamber of Mines, an employer industry […]

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Internet Penetration: Seychelles, Morocco Top African Rankings

The Seychelles, Morocco and South Africa have the best internet connection in Africa with better access, according to statistics in real time published by Internet live status on Sunday. The statistics revealed that these three countries have more than half of their population connected to the internet. They are closely followed by Tunisia, Nigeria and […]

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EU grants Zambia $69 mln as power shortages hit Economy

The European Union has granted about $69 million to Zambia to expand electricity supply as the East-African nation faces a power deficit. According to the EU, the grant would fund projects to provide access to reliable and affordable electricity to at least 63,000 households and small businesses. The lack of reliable power is hitting Zambia’s […]

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AngloGold Ashanti to cut over 800 jobs in South Africa

Africa’s biggest gold producer AngloGold Ashanti, which employs about 25,000 people in South Africa, is in talks with unions to lay off more than 800 workers, Reuters reported on Friday. The move comes after years of decline in output in the country due to regulatory issues. According to a letter dated January 17 signed by […]

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