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EIB gives Morocco 130m-euro loan to modernise industrial facilities

The European Investment Bank (EIB) has granted Morocco a loan of 130 million euros to enable the north Africa country modernise its industrial facilities, according to an 

Accra to forcefully eject ECOWAS traders from Ghana markets Tuesday

Nigerian traders, and indeed traders from other West African countries, have been given till

Business group identifies grey areas in Nigeria’s 2013 budget proposal

Nigerian foremost business group, the Lagos Chamber of Commerce and Industry (LCCI), has identified grey areas in the 2013 budget presented Wednesday

Zimbabwe company notches US$1b capitalisation

Zimbabwe’s biggest beer and soft drinks manufacturing company, Delta Corporation, Wednesday became the first company to reach a market capitalisation of US$1 billion.

Passenger plane hits truck while taxiing in Nigeria

An aircraft operated by Nigeria's domestic IRS Airline hit a truck as it taxied for take-off at the country's main gateway Murtala Mohammed International Airport in Lagos

Nigerian president proposes N4.94 trillion budget for 2013

President Goodluck Jonathan on Wednesday presented a total budget proposal of 4.92 trillion Naira (about (US$ 31 billion) for the 2013 fiscal year, showing

Rwanda to host 7th African Economic Conference

The seventh annual African Economic Conference will take place in Kigali, Rwanda, from 

Mauritius reviews public service wages as from January 2013

The Mauritian Government announced Wednesday it had agreed to a 22% rise in wages of public service employees from January 2013, as recommended by the

US supports power supply from Mainland Tanzania to Zanzibar Island

Japan’s power cable manufacturer Viscas Corporation is installing a 100 megawatt interconnector submarine power line from mainland Tanzania to the offshore island 

Tanzanian official urges patriotism in gas/oil deals

National interests must be upheld in every deal on gas and oil exploration in Tanzania, the country’s Deputy Minister for Energy and Minerals, George Simbachawene, has

SAA CEO resigns

The embattled Chief Executive Officer of South African Airways (SAA) Monday announced she was resigning, just days after government confirmed that government 

Mozambique airline resumes flights to Harare

Mozambique's national airline, LAM, said Monday it would resume flights to Harare at the end of the month following steady economic recovery in Zimbabwe.
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