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IFC to invest US$6m in Nigerian firm

A member of the World Bank Group, International Finance Corporation (IFC), has announced that it will invest US$6 million in a private Nigerian firm, Saro Agro

Business report says Cameroon’s economic boom likely to fade in 2015

Cameroon’s real GDP growth is set to climb above the 4.0 percent long-run trend for the next few years on the back of investment in several new mega-projects

‘Nigerian teenage stowaway thought plane was US-bound’

Nigerian teenage stowaway Daniel Ihekina, who flew in the wheel well of a domestic flight from the southern city of Benin to the economic capital city of Lagos Saturday,

Tanzania entices Omani firm to invest in national carrier

Transport authorities in Tanzania and a potential investor from Oman are negotiating a joint venture which, in the long run, could revive the East African country’s hope of 

ECA says Egypt’s socioeconomic status tells ‘complex story’

The high level of uncertainty due to the political instability and violence in Egypt as well as the growing public deficits and sustainability of the subsidies scheme make economic 

Nigeria’s domestic flight security breach: Teenage boy flies in plane wheel well

Nigeria's aviation authorities have launched an investigation into how a teenage boy flew from Benin in the country's southern Edo state to the economic capital city of Lagos

African Caucus urges IMF, WB to help improve infrastructure on continent

Finance officials from 50 African countries have called on the World Bank (WB) and the International Monetary Fund (IMF) to help African countries in the areas 

Mobile subscribers in poor countries seek multiple profiles to suit daily needs

Demand for multiple mobile profiles presents sizeable opportunities for operators that are addressing the demand in both developing and developed markets, 

Tourist arrivals to reach 980,000 in Mauritius in 2013

Mauritius will receive 980,000 tourists this year, compared to 965,441 in 2012, representing an increase of 1.5 per cent, Statistics Mauritius said Friday in its

Mbeki leads team tracking illegal cash flows from DRC

Africa’s 10-member High Level Panel on Illicit Financial Flows will next week embark on a three-day visit to the Democratic Republic of Congo (DRC) to examine

UN chief releases report on MDGs, sets post-2015 sustainable development agenda

Ahead of an upcoming special UN General Assembly event next month on efforts by UN member states to meet the Millennium Development Goals (MDGs)

774b naira spent on calls in Nigeria in 6 months

Telecommunication subscribers in Nigeria have spent about 774.06 billion naira (US$4.7 billion) on voice calls and Short  Message Services (SMS) in the first six months
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