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Tunisia’s equal inheritance law to boost female entrepreneurship – IFC

Tunisia’s parliament will soon debate a controversial bill to grant equal inheritance rights to men and women in the North African country, President Essebsi said last week. Under the current system, men receive twice the share of any inheritance granted to women. According to IFC, the new inheritance law that will grant men and women […]

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Nike stores closed in South Africa over “racist” web post

Several Nike stores in South Africa were shut down Wednesday after a video went viral Tuesday showing a Nike employee’s husband making a racist comment. In the video, Adam Catzavelos, who is married to Kelly Catzavelos, a brand merchandise manager for Nike Africa, describes a beach in South Africa as “heaven on Earth” because there […]

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Morocco’s SGTM secures 420 MW dam deal in Cameroon

The Belgian company BESIX, in partnership with French company NGE and Moroccan company SGTM have been awarded a contract to design and build 420 MW Nachtigal hydroelectric power station in Cameroon. Located on the River Sanaga about 65 km north of Yaoundé, the new hydroelectric dam is expected to increase the country’s electricity generating capacity […]

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Ethiopian Airlines frontrunner in tender to help Nigeria create a flag-carrier

Ethiopian Airlines Enterprise, Africa’s biggest airline, is the frontrunner to set up and manage a new national carrier for Nigeria, Reuters reported. According to the Chief Executive Officer of Ethiopian Airlines Enterprise, Tewolde GebreMariam, the Addis Ababa-based carrier is among a small group with an interest in establishing the national carrier of Nigeria. “We do […]

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Algeria’s state oil firm management gets facelift

The Chief Executive Officer of Algerian state oil firm Sonatrach has set up a new leadership team, aiming to reverse a flow of talent. The U.S.-trained Abdelmoumen Ould Kaddour, appointed by President Abdelaziz Bouteflika last year, has chosen eight vice presidents from within the firm, according to Reuters. The team included experienced managers such as […]

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Clothing market: Trump suspends duty-free status for Rwanda

U.S. President Donald Trump on Monday suspended Rwanda’s ability to ship apparel products duty-free to the United States due to a trade dispute between the two nations. The trade dispute began in 2015, when Rwanda, Tanzania, Uganda, Kenya and Burundi announced their intention to phase out imports of second hand clothing and shoes from western […]

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SA’s Ramaphosa backtracks on nuclear deal with Russia

South Africa’s President Cyril Ramaphosa on Thursday told Russian President Vladimir Putin that his country is not ready to sign a nuclear power deal as its economy is stagnant and not growing at the rate that “we want it to.” Ramaphosa who was speaking at a private meeting with the Russian leader on the sidelines […]

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Morocco explores investment opportunities in Mauritania

Moroccan ambassador to Mauritania, Hamid Chabar has visited the facilities of the National Industrial and Mining Company (SNIM) in the West African nation. The mining company, the largest in Mauritania, accounts for 15% of the country’s GDP. ONYHM, the Moroccan National Bureau of Petroleum and Mines, holds 2.30% of the company’s capital. On the sidelines […]

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Rwanda inks $300 million loan deals & bilateral pacts with China, India

The Rwandan government has signed seven bilateral pacts and loan agreements worth more than $300 million with China and India to further boost existing cooperation. The Chinese loan, destined to build two roads and carry out irrigation projects, was extended during the Chinese President Xi Jinping’s visit to Rwanda Sunday and Monday. For the past […]

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Chinese President Xi Jinping seeks deeper economic ties with Senegal

Chinese President Xi Jinping arrived in Africa on Saturday for a four-nation visit during which he will be seeking deeper military and economic ties. It is the first overseas trip of Xi’s second term as president. In Senegal, the first leg of his Africa tour that will also take him to Rwanda and South Africa, […]

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