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Namibia fishing company faces ban in 34 countries

A Namibian fishing firm, Omunkete Fishing company, faces a ban in 34 countries after its trawler was caught in New Zealand trying to unload illegally-caught tooth fish.

Portugal cancels Mozambique debt

Portugal has cancelled Mozambique's remaining debts to Lisbon, estimated at US$ 393.4 million, accumulated from independence until 2 0 05.

E-allotment debuts at Nigerian capital market

The apex regulatory body in the Nigerian capital market, Securities and Exchange Commission (SEC), has introduced the e-allotment scheme that will pave the way for a certificate-less system

Ghana receives big boost from development partners

Ghana has received a big shot in the arm from its develop ment partners who on Monday announced a US$1.7 billion support for 2008.

Burkina Faso, Mali to have access to Ghanaian ports

The World Bank Board Tuesday announced its approv al of a US$ 190 million regional operation to finance transport and transit impr o vements in Burkina Faso, Ghana and Mali.

Nigerian fast food chain list shares on bourse, eyes Ghana market

One of Nigeria's fast food outlets, Tantalizers Plc will soon extend its branches to Ghana, Sierra Leone and other parts of West Africa a s a way of serving the people there with packaged African meals

Sahel, Saharan Bank to get guarantee agency

The Community of the Sahelian-Saharan States (CEN-SAD) Executive Council has decided to set up an investment guarantee agency for the Sahelian-Saharan Bank for Investment and Trade (BSIC)

Mozambique restores power to Zimbabwe

Zimbabwean energy official confirmed Tuesday Mozambiqu e had restored full electricity supplies to the country after reducing this by h a lf last month to carry out maintenance work on its grid.

Kenyan tea auction vibrant

A total of 7,121,188.70 kilogrammes of tea was sold Mond ay at the Mombasa auction in Kenya.

Chinese invest US$750m in Mauritius

Mauritius Finance Minister, Rama Sithanen, has said the plan by the Chinese group ''Tianli'' to invest US$750 million on the Island will transform it into a 'real Africa-oriented business platform' and help

Zimbabwe gives tax relief for workers

The Zimbabwe government Wednesday raised the tax-free income thresh hold for workers 25-fold to Z$25 billion (ZW$2.2 billion=US$1), citing a sharp increase in the cost of living, driven up by hyper-inflation.

Investors stake 10.2 billion naira on equities at Nigerian bourse

Investors at the Nigerian Stock Exchange (NSE) Tuesday s taked 10.2 billion naira on 561.9 million shares traded in 12,706 deals, in cont r ast with the Monday's deal when they
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