Category Archives: African News

African Business News

SITA technology to drive expansion at Ghana’s new International terminal

SITA (www.SITA.aero) is providing its world-class passenger and baggage processing technology as well as its airport management solutions to Ghana’s new Terminal 3 at Kotoka International Airport in Accra, helping cement the airport’s position as a vital regional hub. read more

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UN ‘Ocean Ambassadors’ applaud Seychelles’ for raising $40m for the Blue Economy

Seychelles received a round of applause in New York today from a group of ambassadors to the United Nations dedicated to promoting the Sustainable Development Goal (SDG14) on the conservation and use of oceans and seas for sustainable development. read more

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Unemployment: Dangote Rice launches youth graduates rice farming project in Kogi

Unemployment: Dangote employs youth graduate for rice farming in Kogi. read more

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Ghana’s Casino Industry on The Rise – Will You Gamble or Invest?

The gaming industry is a multi-billion dollar industry across the world and contributes significantly to productivity and revenue generation in many economies. The industry has had a strong presence in the African continent for quite a while now. The extent of gambling and the laws regulating it has differed in different countries. Some African countries do not have legislation in place that allow the setting up of online casinos; however, the legislation does not cover the players, which means players are free to play at online casinos by foreign operators as long as they are accepted there. read more

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Marriott International continues extensive expansion in Africa

TARGETS OVER 200 HOTELS WITH MORE THAN 37,000 ROOMS BY 2022 EXPECTING TO GENERATE $8.5 BILLION OF CAPITAL INVESTMENT AND 50,000 DIRECT AND INDIRECT JOBS read more

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UNODC congratulates Nigerian President Muhammadu Buhari on his anti-corruption efforts

The UN Office on Drugs and Crime (UNODC) greatly appreciates the solid commitment shown by Nigerian President Muhammadu Buhari in confronting corruption in his own country and across the African Union. read more

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UK government sets out plans to curb illegal ivory trade in Africa

Environment Secretary proposes a ban on ivory sales to help bring an end to elephant poaching.Ban will prohibit the sale of ivory items of all ages. Plans will put the UK at the forefront of global efforts to address the drastic decline in the elephant population. The UK will impose a ban on ivory sales to help bring an end to the poaching of elephants, under plans announced by Environment Secretary Michael Gove today.

The proposals will protect elephants and help combat poaching by removing opportunities for criminals to trade illegally-poached ivory. Today’s plans will be subject to a 12-week consultation and cover items of all ages, not only those created after a certain date. read more

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Ethiopian companies to benefit from European Investment Bank backing for USD 100m private equity

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. The EIB’s USD 10 million participation represents the first backing for an Ethiopia focused fund and one of the first engagements with a single country private equity fund in Africa by Europe’s long-term lending institution. read more

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Botswana: Mining sector dents show in economic

Pascal Raditsebe

GABORONE, BOTSWANA — The effects of the closure of BCL and Tati mine in October last year are still visible, a year later as the economy of Botswana has registered negative growth in the sector, causing the economy shows it grew at a slower rate of just one percent the second quarter from 3. 9 percent the same period, Statistic Botswana has disclosed this week in their quarterly report. read more

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African Innovation Foundation – Call for Applications: Innovation Prize for Africa 2018 Awards “Investing In Inclusive Innovation Ecosystems”

  • A pan-African open call inviting submissions for the seventh edition of the Innovation Prize for Africa (IPA) awards from 10 October 2017 to 10 January 2018 
  • Grand share price of US$ 185 000 to be awarded to top ten African innovators who demonstratescalable, impactful, market-oriented, and outstanding innovations solving African challenges
  • African women innovators especially encouraged to participate, following a record number of entries in the previous edition

The African Innovation Foundation (AIF) (AfricanInnovation.org) today announced the seventh edition of the Innovation Prize for Africa (IPA) (InnovationPrizeForAfrica.org) themed “investing in inclusive innovation ecosystems” thereby inviting submissions (http://APO.af/etvQr6) to reward the best home-grown innovations on the continent. The annual Award seeks to celebrate outstanding breakthroughs that deliver practical, and commercially viable African solutions that are innovative and sustainable. read more

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Minister Lindiwe Zulu Unlocks Chinese Market for Small Businesses from South Africa

Minister of Small Business Development, Ms. Lindiwe Zulu, has used her time in China to help unlock the Chinese market for South Africa’s small businesses and cooperatives. Minister Zulu is leading a South African small business delegation at this year’s China International Small and Medium Enterprises Fair (CISMEF) which takes place in Guanzhou, China, from the 10th of October to the 13th of October 2017. read more

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UNAMID welcomes the decision to lift economic sanctions on Sudan

UNAMID welcomes the US Administration’s decision to lift most economic sanctions imposed on Sudan. The decision, which ends more than two decades of economic sanctions, is hoped to contribute significantly to the betterment of the lives of the Sudanese people; including the population we serve in the Darfur region. read more

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IMF Staff Completes 2017 Article IV and ECF Review Mission to Guinea-Bissau

Real GDP growth for 2017 is now projected at 5.5 percent, with inflation around 2 percent and a broadly balanced external current account read more

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IMF Staff Team Completes Review Visit to the Central African Republic

  • IMF staff team and authorities reached broad agreement on policies which could form the basis for completing the third review.
  • Restoration of peace, redeployment of the state, and implementation of reforms will be key to ensure sustainable economic recovery.
  • The team encouraged the authorities to intensify revenue mobilization efforts, while reigning in parafiscal taxes which hamper private sector development.

An International Monetary Fund (IMF) team led by Samir Jahjah visited Bangui from September 22 to October 3 to conduct discussions on the third review of the program supported by an Extended Credit Facility (ECF). Mr. Roger Nord, Deputy Director of the IMF’s African Department, joined the team from September 22 to 26. Discussions will continue during the upcoming Annual Meetings of the IMF and the World Bank (WB) from October 13–15. read more

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