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Ecobank to Buy Investment Bank, Venture Into Oil, Gas Deals

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AFRICANGLOBE - Ecobank Kenya is taking steps to purchase an undisclosed Kenyan investment bank as part of plans to facilitate Ecobank involvement in oil, gas and...

Roads and Power Projects East Africa’s Pride

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AFRICANGLOBE - The inauguration of Athi River-Namanga (Kenya) through Namanga to Arusha in Tanzania this past week graced by Tanzania's President Dr Jakaya Mrisho...

Nigeria Records U.S.$35.44 Billion Forex Inflow

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AFRICANGLOBE - The Central Bank of Nigeria (CBN) has disclosed that a total forex inflow of $35.44 billion was realised by the country as...

Congo Rebels Loot Central Bank in Goma

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Congo rebels have looted the central bank in Goma after refusing to withdraw from the city they captured last week. M23 fighters surrounded the bank early...

IMF Approves $110.5m For Kenya, Based On Solid Economic Performance

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The International Monetary Fund (IMF) has approved the dispersal of $ 110.5 million to Kenya, following a positive review of the country’s economic climate. The...

Rwanda Ranked Third Easiest Country to Do Business

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Rwanda remains the third easiest place to do business in Africa, after Mauritius and South Africa, a new World Bank Doing Business Report shows. The...

Will Africa Ever Benefit From its Natural Resources?

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Whether Africa will ever benefit from its natural resources is a question that is more relevant now than ever, as new discoveries of coal,...

Bank Set to Pour Investment Into Africa

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Standard Chartered is looking to consolidate its emerging markets dominance by pouring $100m into Africa by 2015. The London-headquartered bank says it can double...

Africa’s Mineral Wealth Hardly Denting Poverty Says World Bank

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Strong economic growth in the past decade among African countries rich in oil and minerals has failed to make a significant dent on their...

China Calculates its Interest in Africa

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At the 19-20 July Forum on China-Africa Cooperation in Beijing, the Chinese government pledged $20bn in new loans over the next three-year period. The government...

Africa: Decline of the Dollar

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African countries are cracking down on the use of foreign currencies in domestic transactions, putting a squeeze on some investors In many African countries, where...

Africa a Top Priority Says World Bank

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Africa is top priority for the World Bank, the group's new president Jim Yong Kim said in Tshwane on Thursday. "I've worked in Africa. Africa...

World Bank Warns Rwanda On Economic Growth

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The World Bank has warned that Rwanda's economic growth could be hurt by external risks like low commodity and mineral prices; and the Euro...

U.S. Bank Provide Billions for American Investors in Nigeria

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The Export-Import (EXIM) Bank of the United States has provided $1.5 billion (N234 billion) as loans for American business group interested in investing in...

Nigeria Remains Attractive to Investors

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Ms. Marie Francoise Marie-Nelly country director for the World Bank, said yesterday in Abuja that despite the current infrastructure challenges facing Nigeria, the country...

Economist: Africa Growing, Political Risks Remain

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Africa will continue its economic growth into the next year, but faces increasing threats from continued political instability, youth unemployment and the global recession...
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