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50 independence anniversary: Uganda celebrates with hope for better future

Uganda's President Yoweri Museveni is leading regional and international dignitaries to mark the country's 50th independence anniversary, using the occasion to announce

Nigeria, Britain target 1.9t naira trade volume

Nigeria and Britain are set to double the volume of their bilateral trade to 8 billion pounds by 2014, according to local media reports Tuesday.

Airtel announces new appointments to bolster Francophone operations

Telecom company, Airtel Africa, on Friday announced the appointments of Louis Lubala and Antoine Pamboro as the new managing directors of its operations in the Democratic 

Modern day barter as Zimbabwe gives Malawi fuel in maize loan repayment

Zimbabwe has given Malawi 2 million litres of fuel as part of settlement for a US$24m loan Harare owes Lilongwe in a maize deal.

Private Tanzanian airline reports profit despite difficult economic situation

Precision Air, Tanzania’s only airline of choice, recorded a good performance in the 2011/12 financial year despite the turbulent economic situation that affected air transport 

Ethiopian firm signs deal to construct steel mill

An Ethiopian firm has entered into an agreement with Italy’s biggest steel plant manufacturing firm, Danielia, to establish a US$ 600 million steel power plant in the rural 

SA minister to address Nigerian investment forum

South Africa’s Minister of Trade and Industry Rob Davies will address delegates on the importance of building manufacturing capacity in Africa, at the second Nigeria International 

BADEA’s board approves US$60m for African development projects

The board of directors of the Arab Bank for Economic Development in Africa (BADEA) has rounded off its 3rd session for the year in Khartoum, Sudan, where it approved 

Respite coming for Nigerians hit by fuel scarcity

Nigerians facing hardship caused by the fuel scarcity that has hit major cities, including the commercial city of Lagos and the nation's capital of Abuja, are expected to get some 

Malawi 2012 subsidy programme begins

The Malawi government Tuesday kick-started the 2012 farm-input subsidy programme aimed 

Malawi’s Banda explains pay cut, pays presidential jet going ‘in two weeks’

Malawi President Joyce Banda has said she has decided to take a 30 per cent pay cut as a demonstration that she is prepared to sacrifice in line with her government's austerity measures.

Shell shuts key pipeline in Nigeria over crude theft fire

The Nigerian subsidiary of Royal-Dutch oil giant Shell has shut the 28-inch Bomu-Bonny Trunkline after discovering a fire on it early Sunday, the company said in a statement.
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