Ethiopia’s Central Bank Permits Direct International Payments from Forex Accounts
ADDIS ABABA, Feb 11 – The National Bank of Ethiopia has introduced major changes to…
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Libya Awards Exploration Blocks to Chevron and Repsol–TOPC Consortium
TRIPOLI, Feb 10 - Libya has awarded new oil and gas exploration licenses to international energy firms Chevron and a…
Egypt Calls on Oil Firms to Double Output by 2030 as Gas Production Declines
CAIRO, Feb 11 - Egypt has asked international oil companies to double production by 2030 and revise existing contracts to…
Nigeria’s Access Bank Terminates Bidvest Bank Deal After Regulatory Deadline Lapses
Access Holdings Plc has terminated its proposed acquisition of South Africa’s Bidvest Bank after key regulatory conditions were not met…
Angola’s Endiama Targets 17 Million Carats After Record Diamond Output
LUANDA, Feb 10 - Angola’s state owned diamond producer Endiama plans to raise annual output to 17 million carats by…
Mali Creates State-Owned Company to Manage Mining Stakes
BAMAKO, Feb 10 - Mali will set up a state-owned company to manage its equity interests in mining firms, according…
Mozambique to keep South32 Aluminium Smelter Operating
MAPUTO, Feb 10 - Mozambique’s government is working to keep South32’s Mozal aluminium smelter operating as negotiations continue over electricity…
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Libya Awards Exploration Blocks to Chevron and Repsol–TOPC Consortium
TRIPOLI, Feb 10 – Libya has awarded new oil and gas exploration licenses to international…
Zambia Central Bank Cuts Policy Rate by 75 Basis Points to 13.50%
LUSAKA, Feb 11 – Zambia’s central bank reduced its benchmark lending rate by 75 basis…
Egypt Calls on Oil Firms to Double Output by 2030 as Gas Production Declines
CAIRO, Feb 11 – Egypt has asked international oil companies to double production by 2030…
Nigeria’s Access Bank Terminates Bidvest Bank Deal After Regulatory Deadline Lapses
Access Holdings Plc has terminated its proposed acquisition of South Africa’s Bidvest Bank after key…
South African Rand Strengthens as Dollar Weakens Ahead of US Jobs Report
JOHANNESBURG, Feb 11 – South Africa’s rand strengthened in early Wednesday trading as the U.S.…
Nigeria’s External Reserves Hit $47 Billion for First Time in Eight Years
LAGOS, Feb 11 – Nigeria’s external reserves have crossed the $47 billion mark for the…
Kenya Central Bank Cuts Benchmark Rate for 10th Time to Spur Lending
NAIROBI, Feb 10 – Kenya’s central bank has reduced its benchmark interest rate for the…
South Africa Enters Strongest Economic Phase in a Decade, Standard Bank Says
JOHANNESBURG, Feb 10 – South Africa’s economy has moved into its most favorable position in…
Ethiopian Airlines Draws 35 Leading Contractors for Phase II of Bishoftu International Airport
ADDIS ABABA, Feb 10 – Ethiopian Airlines has received expressions of interest from 35 internationally…