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For investors considering financing Tanzania’s proposed 27.6 trillion-shilling ($12.3 billion) borrowing program, the government’s handling of its power utility’s debt problems may give pause for thought.
Last month, President John Magufuli fired the Tanzania Electric Supply Co.’s chief executive …
Continue readingThe Federal Government of Nigeria has given 11 reasons why it believes that the economy is on its way out of the recession that has rocked the nation for almost a year.
The government described the reasons as proofs in …
Continue readingPrice water house Coopers published rankings of 32 future power economies by 2050. Nigeria, Egypt and South Africa were forecasted to be in 14th, 15th ,27th most powerful economies in the world respectively.
Now the report, takes into account the …
Egypt’s agricultural export is expected to grow by about 15 per cent in 2017 in comparison to 2.2 billion US dollars recorded last year.
This growth has been attributed to the states decision to float its currency in November. The …
Continue readingTunisia is seeking to stimulate foreign investment in order to revive the country’s economy, which has been stagnant for almost 15 years.
Recent data indicates that the country lost nothing less than 2,500 jobs per year from 2005 to 2015 …
Continue readingGambia’s President Adama Barrow vowed on Saturday to revive the country’s faltering economy with sweeping reforms as he sought to draw a line under the erratic 22-year rule of his predecessor.
Barrow was sworn into office a month ago during …
Continue readingThe Egyptian pound strengthened on Sunday, reaching a three month high, as importers’ demand for dollars at banks eased, bankers told Reuters on Sunday.
Banks were selling dollars at around 15.8 pounds per dollar on Sunday, stronger than Thursday’s rate …
Continue readingNigeria said it lost out on as much as $100 billion in revenue last year as attacks by militants in the oil-rich Niger Delta cut crude output to a record low.
Production fell by 1 million barrels a day to …
Continue readingFew days after the United States, US, President, Donald Trump, called his Nigerian counterpart, Muhammadu Buhari, an initiative of the US country to light up Africa, ‘Power Africa,’ says it’s planning to invest about one billion dollars on the power …
Continue readingGovernor Nasir El-Rufai has disclosed that the Kaduna State government is purchasing 10,000 tablets loaded with educational material for its students.
El-Rufai, who announced this when Exxon-Mobil Mobil donated 5,000 Samsung tablets to the Kaduna State government, said the government …
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