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Egypt pays $200 million in foreign oil company arrears in January: finance minister

Egypt’s Finance Minister Amr El Garhy said on Sunday the country had paid $200 million in arrears owed to foreign oil companies in January, and would pay another $550 million in February and March. Egypt...

‘Buy Made in Ghana products’, University tells Government

State agencies in Ghana are being urged to purchase “Made in Ghana” goods, local media reports. The Made in Ghana initiative looks to utilise the country’s local industries, increasing employment, production and trade. According to...

China committed to investing in Zimbabwe’s development

China's relations with Zimbabwe continue to go from strength to strength. As Zimbabwe works hard to turn around its economic fortunes, China has become the southern African nation’s largest investor, taking up various projects in...

Chinese firm to manufacture machinery spare parts in Kenya

A Chinese spare parts manufacturer company, XCMG Tisco, has opened its doors in Kenya's capital, Nairobi, a move that aims to boost the market in terms of ease of access to parts and pricing. Since...

Ethiopian Airlines to set up hubs across Africa

Ethiopia’s national carrier has revealed a plan of setting up hubs in southern Africa, Central Africa and the Horn therefore connecting neighbouring countries and enhancing trade, investment and tourism within the continent. This plan was...

UAE to resume flights to Tunis, ending row over ban on women

The United Arab Emirates said on Thursday it would resume flights to Tunisia after an exchange of security information, resolving a row over a ban on female Tunisian passengers. A statement by the foreign ministry...

Nigeria reinstates fuel subsidies to avert further shortages

Nigeria's government has reinstated fuel subsidy to avert further fuel crisis that plagued the country throughout the festive season. The petroleum ministry had scrapped long standing fuel subsidy in May 2016 saying it could no...

Nigeria agrees $550 million satellite deal with China

Nigeria has agreed a $550-million deal to buy two Chinese communications satellites and hopes to sign the contract before the end of the month, the communication minister said on Wednesday. Adebayo Shittu said China Exim...

New Zimbabwe government seeks to sell stakes in state-owned companies

Zimbabwe has invited bids for stakes in up to eight loss-making state-owned enterprises, including its national airline and power utility, to help plug a ballooning budget deficit, its deputy finance minister said on Wednesday. President...

Kenya betting firm pulls 600 million shillings sports sponsorship over tax row

A Kenyan online sports betting firm has cancelled 600 million shillings ($5.80 million) in direct annual sponsorship for the country’s main football league and other sports, after the government hiked taxes for such firms...