Mayor’s Private Sector Conference
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Nigeria Restricts Cash Withdrawal to $44 a Week Per Individual
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Nigeria has officially restricted massive cash withdrawals from the bank beginning Monday the 9th January in an effort to cool off inflation.
Nigerians will only be allowed to withdraw 44 dollars per week per individual and $11,000 for…
The Pan African Chamber of Commerce and Industry Signed an MoU to Work in Collaboration With Asia African Chamber of Commerce and Industry
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The Pan African Chamber of Commerce and Industry signed Memorandum of Understanding to work in collaboration with Asia African Chamber of Commerce and Industry - Kenya.
PACCI is an independent, non-profit and non-partisan organization…
Safaricom to Lose Sh2bn in Call Tariff Cut
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Safaricom projects to lose Sh2 billion in the financial year ending March 2023 after the Communications Authority of Kenya (CA) cut mobile termination rates (MTR) by 41.4 percent.
MTRs are the charges levied by a mobile service provider…
Climate Change Action Could Set Off Copper Mining Boom in Zambia
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At last year's U.S. Africa Leaders’ Summit in Washington, the U.S. signed an historic memorandum of understanding with Zambia and the Democratic Republic of Congo to develop an electric vehicle battery supply chain. At the summit, Zambian…
Cameroonian fishery products banned in EU – Commission
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The European Commission on Thursday (Jan. 05) banned imports of seafood caught in Cameroon’s waters, or caught by ships flagged there, and it labeled the central African country as "non-cooperating" in the fight against illegal, unreported…
Africa in 2023: Can the Continent Outrun Global Headwinds?
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Some of Africa’s major economies will suffer from the ongoing impacts of the Russia-Ukraine war and food price inflation, but experts say that Senegal and Kenya offer cause for optimism.
With Africa facing the impacts of the Russia-Ukraine…
Sudan Recorded Highest Gold Production in 2022
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The Sudanese Mineral Resources Company announced the production of more than 18 tons of gold in 2022.
The body described it as the highest productivity in the history of the mineral sector in Sudan.
The Director of the General Administration…
Egypt’s Pound Drops to Record Low Against the Dollar
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Egypt devalued the pound in October but it's not let it float freely against the US dollar - which is a condition of IMF loans.
In any case the new three billion dollars IMF loan does not significantly help - Egypt’s debt servicing…
Kenyan Exporters Earn Billions in Exchange Gains in Q3
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Kenyan exporters have booked billions of shillings in exchange gains from a weaker shilling as the Central Bank of Kenya’s decision to let the exchange rate act as a shock absorber began to pay off.
Compared to the third quarter of…
Burundi Takes the Lead in Subsidizing Farmers
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The Burundian government has thrown its support behind farmers by subsiding as much as 70% of farmers’ day-to-day operating costs. Burundi’s President Évariste Ndayishimiye has now called on Africa’s leaders to do the same, including…