Tag Archive for: pacci
Mayor’s Private Sector Conference
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Oil: Libya Invites Foreign Companies to Resume Exploration and Production
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The Libyan National Oil Company (NOC) has called on foreign companies active in the hydrocarbon sector to resume exploration and production operations, citing an improved security situation.
"The NOC calls on international companies operating…
Seven East African Nations Sign IGAD Agreement on Free Movement of People
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East Africa’s Intergovernmental Authority on Development IGAD signed an agreement on the free movement of people Wednesday, as representatives from the eight African countries gathered in the Sudanese capital.
In a press conference…
Ghana overhaul a test for $1 billion World Bank-backed debt
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Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay.
Like other smaller, riskier emerging market countries including…
Sierra Leone: Gas Shortages Forces Taxi Drivers to Turn to Black Market
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Long queues are still being experienced at major petrol stations in Sierra Leone as the west African country grapples with high gas prices and scarcity.
The gas prices have nearly doubled compared to the previous year to 1.14 USD.
"If…
AfDB lends €166m for the Dakar-Saint Louis Highway
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New funding has been approved for the construction of a 200km highway between Dakar and Saint-Louis.
The longstanding project, which will connect Senegal’s capital city to its centre for sugar production, and planned hub for…
Zambia on Track for Debt Restructuring Next Quarter-Finance Minister
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Zambia is pushing hard to complete the restructuring of nearly $15 billion of external debt in the first quarter of 2023 and is “in active engagement” with its largest bilateral creditor China, Zambia’s finance minister said in an interview…
US Trade with Africa in Decline, But Aid Remains Stable
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Africa accounts for less than 2% of total US merchandise exports and imports. The overall value of US exports to the continent fell from $32.9bn in 2011 to $26.7bn in 2021, while imports declined from $93bn in 2011 to $37.6bn in 2021, according…
Solv Kenya Signs MSMEs Payments Deal With Cellulant
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Solv Kenya, the Standard Chartered Plc-backed digital marketplace for small traders has inked a deal with Cellulant that will enable businesses to view payments on the go under one roof.
Under the deal, Cellulant will…
With the Right Policies, the AfCFTA Can Drive Africa’s Industrialization
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The African Continental Free Trade Area (AfCFTA) will spur Africa’s industrialization and deepen regional integration provided the continent institutes supportive policy reforms and foster trade, experts predict.
The AfCFTA which entered…
How Nigerians are Reacting to the New Naira Design After 2 Decades
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Last month, the governor of the Central Bank of Nigeria, Godwin Emefiele, announced that the Naira would be undergoing some design changes, and asked Nigerians to brace up for an overhaul.
In his announcement, Emefiele noted that the…