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Electricity: Zimbabwe gets $42.5 million from Exim Bank of India

Exim Bank of India has approved $42.5 million in financing to improve electricity supply in Zimbabwe. The loan, to be repaid within 20 years, will reduce the current energy deficit of more than 1000 MW. According to local media, the loan will be provided in two phases. The first amount, valued at $23 million, will […]

DRC: armed groups killed 1,900 civilians, abducted 3,300

In Democratic Republic of the Congo (DRC), armed groups have killed nearly 1,900 civilians and abducted more than 3,300 others in the eastern provinces of South and North Kivu since June 2017, Human Rights Watch said. According to a joint report of Human Rights Watch and the New York University-based Congo Research Group, the conflicts […]

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S&P upgrades Rwanda’s rating to B+ on strong economic prospects

Standard and Poor’s (S&P) Global Ratings has raised its long-term sovereign credit rating on Rwanda to ‘B+’ from ‘B’. The outlook is stable. At the same time, it affirmed its short-term sovereign credit rating at ‘B’. We also revised the transfer and convertibility (T&C) assessment to ‘B+’ from ‘B’, the rating agency said in a […]

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UN warns of spike in grave violations against children in Mali as ‘the new normal’

The UN Children’s Fund (UNICEF) and partners on Tuesday, called on all warring parties in Mali to stop attacks on Children and “keep them out of harm’s way”, voicing great concern over a sharp increase in the killing and maiming of children in the country due to ongoing fighting and instability.   “We must not […]

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Japan, UNIDO to build equipment operator training center in Uganda

The United Nations Industrial Development Organization (UNIDO) and Japan will establish a training center for operators of construction equipment in Luwero, Uganda.   Exchange of Notes, enacting the financial support of the Government of Japan as well as the technical support from Japanese partner Komatsu Ltd to the UNIDO project, was signed last week by […]

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Namibia’s national power utility to invest $338 mln in renewable energy

The Namibian national power utility, Namibia Power Corporation (Nampower), has announced an investment plan of $338 million in renewable energy. The plan will be implemented over the next five years in the southern African nation. According to the Bloomberg news agency, the plants, which will harness biomass, solar and wind, will generate a combined 220 […]

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Cameroon to ban import of 50 products to boost local industry

Cameroon’s Ministry of Commerce has announced that the Central African nation would suspend the importation of about 50 products. The ministry is yet to provide details about the concerned products and the deadline for the implementation of the ban. According to local media, no less than 12 sectors are concerned, because of the excess nature […]

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Nigeria’s Buhari to pay visit to South Africa in October

Nigerian President Muhammadu Buhari and South African President, Cyril Ramaphosa, have agreed to meet in October to discuss trade relations between the two largest African economies. According to Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, the two leaders will consider recurrent issues concerning the wellbeing of the Nigerian […]

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Sahara: Tokyo has Never Recognized & Will Never Recognize Self-Proclaimed “SADR”

Japanese ambassador to Morocco Takuji Hanatani has affirmed that his country “has never recognized and will never recognize” the self-proclaimed so-called SADR, noting that Tokyo has always supported the UN Security Council resolutions on the Sahara.   Mr. Takuji Hanatani made the remarks at a meeting held Thursday in Rabat with Speaker of the House […]

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Nigerian NNPC highlights benefits of Nigeria-Morocco gas pipeline

The Nigeria-Morocco Gas Pipeline (NMGP) project will open new vistas for Nigeria’s gas aspirations, the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said. Mallam Kyari disclosed this Tuesday in Abuja at a stakeholders’ engagement involving the corporation, its Moroccan partner on the Gas Project, the Morocco National Office for […]

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