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Nigeria: Buhari appoints cabinet amid dwindling revenues

Nigeria’s President Muhammadu Buhari swore members of his cabinet into office on Wednesday with Zainab Ahmed returning to the Finance Ministry and newcomer Timipre Sylva heading up the key Petroleum Ministry as junior minister. According to local media, Buhari will continue as petroleum minister, but Timipre Sylva, former governor of the oil-rich Bayelsa State, will […]

Zimbabwe charges ex-Vice-President with abuse of power

In Zimbabwe, the new Anti-Corruption Commission, appointed in July, has charged Phelekezela Mphoko, a former deputy to ousted Zimbabwe president Robert Mugabe, with criminal abuse of office. The court freed Mphoko on bail as he denies all the charges, his lawyer Zibusiso Ncube said. According to the lawyer, the former vice-president was accused of using […]

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Nigeria: Bahrain-based Lamar Holding to inject investment into Fintech startup TechAdvance

Bahrain-based energy investment Lamar Holding will invest $1 million into TechAdvance, one of Nigeria’s Fintech startups. The investment will help TechAdvance carry out its expansion program across emerging markets, Zawya media reports citing a statement of the Nigeria firm. Created in 2009, TechAdvance develops payments applications and transformation softwares. “The payments space in emerging markets […]

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South Africa eyes nuclear in energy mix by 2045

Africa’s most industrialized country South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said. According to Mantashe, a former trade unionist who took over a merged energy and mineral resources ministry earlier this year, South Africa has started planning for new nuclear […]

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Morocco’s King Looks Forward to a New Inclusive Development Model

King Mohammed VI said on Tuesday that he looks forward to seeing a new development model crowned with a new social deal that includes the State, its institutions, the private sector, political parties, trade unions, civil society and the citizens. In a speech he delivered from the city of Al Hoceima on the occasion of […]

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Côte d’Ivoire: Didier Drogba aims for presidency of football federation

Former Ivorian football star Didier Drogba has officially announced his candidacy as president of Ivorian Football Federation, FIF. The former Chelsea player filed his application for elections slated to be held later this year. The 41-year-old will face competition from a former playing colleague Bonaventure Kalou, who was in October 2018 elected mayor of the […]

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Creation of Chinese-Moroccan Center for Traditional Medicine in Casablanca Contemplated

Morocco and China are discussing the establishment of a Chinese-Moroccan center for traditional medicine in Casablanca, part of the projects planned under the “Belt and road” initiative. The creation of the center was discussed at a meeting in Shanghai University of Traditional Chinese Medicine Sunday between Chinese officials and the Moroccan delegation, led by Health […]

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Angola to privatize 86% of its public companies by 2022

The Angolan government plans to privatize 86% of its public companies by 2022.   According to Macauhub news agency, citing Vera Daves de Sousa, Secretary of State for Finance and Treasury of the Angolan Government, the State has sold 171 of its 195 public enterprises to private investors. Eighty of them should be sold by […]

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Senegal: Middle Eastern nationals arrested in alleged naturalization scandal

Seven people among whom Syrian, Yemeni and Saudi men have been arrested forging documents in view of obtaining Senegalese nationality, reports say. Senegalese authorities have detained Ali Fawaz, Lebanese-Syrian man suspected for involvement in the forgery. The man according to Mamadou Diop, a registrar at Grand Dakar submitted several applications to obtain the Senegalese nationality […]

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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 […]

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