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Jobs boost as Opel, Peugeot start assembling vehicles in Namibia
Government’s commitment and effort to attract foreign direct investment was reaffirmed yesterday when President Hage Geingob took the first loca...
Industry
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“We are open to Cannabis export”, Zimbabwe’s finance minister hints.
Finance minister Mthuli Ncube has backed calls for Zimbabwe to grow cannabis for export to take advantage of the growing global legal marijuana market...
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After two years on the market, investors ‘showing keen interest’ in Arik Air
Oluseye Opasanya (SAN), the receiver-manager of Arik Air, says local and foreign investors are showing a keen interest in the airline. Arik Air, which...
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Oil prices slip as U.S. crude output nears 12 million barrels per day
Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand e...
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Nigeria to establish national micro-finance bank
A national micro-finance bank is to be established to promote access to credit finance for small, medium enterprises (SMEs) and other unbanked groups ...
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Africa needs $250 billion investment to resolve power deficit – NERC
To resolve the power deficit situation in Africa and reach the United Nations’ (UN) target of Universal Access by 2030, the continent will need to add...
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BREAKING: Access Bank finally acquires Diamond Bank
According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). The a...
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Former Eskom adviser Rothschild, calls on South Africa to bail Eskom with $7Bn
The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for 100 billion rand ($7 b...
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Kenya’s Consolidated Bank says seeking investor to inject 3.5 bln shillings
Kenya’s Consolidated Bank said on Monday it was seeking an investor, either foreign or local, to inject 3.5 billion Kenyan shillings ($34.21 million) ...
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South Africa emerges from recession as farming, manufacturing jump
Farms and factories dragged South Africa out of its first recession in almost a decade, data showed on Tuesday, as the economy grew by more than expec...