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Angolan State budget for 2011 passed

With 166 votes in favour and 22 against, the Angolan parliament Tuesday passed the State Budget for 2011
Africa

Germany finances construction of by-pass in Lome

Germany has donated 13 million euros, or more than 8.5 billion F CFA, to Togo through the Development Bank of Germany (KfW)
Africa

New commercial bank opens in Mauritius

A new commercial bank, ABC Banking Corporation Ltd., began operations on Thursday in Port-Louis, Mauritius, PANA reported
Africa

Zimbabwe govt. takes control of diamond industry

The Zimbabwean government said Wednesday it was taking control of huge diamonds deposits, newly discovered in the east of the country
Africa

Ghana launches survey to monitor aid effectiveness

A survey to measure that Ghana’s utilization of all aid flows in line with the aid effectiveness agenda, was on Tuesday launched in Accra
Africa

Nigeria set for Eurobond road show

Nigeria will from next week embark on a road show to the United States with the book-runners for its US$500 million Eurobond
Africa

Trade fair on banking, insurance and investment opens in Tripoli

The First International Trade Fair of Banking, Insurance and Investment in Libya began Thursday in Tripoli, the Libyan capital.
Africa

UN report says global economy to grow ”slightly” in 2011

A UN report, unveiled on Thursday, has painted a gloomy picture of the performance of the global economy next year, saying
Africa

‘Nigeria needs US$ 3.4b to generate enough power by 2013’

Nigeria requires a capital investment of about 520 billi on naira (about US$ 3.4 billion) every year, to increase current electricity
Africa

Nigeria records 80b naira monthly volume on ATM transactions

Nigerians move 80 billion naira monthly through the auto mated teller machine (ATM), while the monthly transactions of Point
Africa

Nigeria fixes minimum wage at US$ 120 per month

Nigeria's highest advisory body, the National Council of State (NCS), Thursday endorsed the N18,000 (about US$ 120) minimum wage
Africa

Experts brainstorm on attracting investments to Nigerian bourse

Experts from the local an d International financial sec tor on Wednesday brainstormed about how to increase investment in Nigeria's
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