Archive In BusinessRead the latest news for Business in Africa

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  Energy

  Falling Oil Prices Won’t Hurt Clean Energy. The price of crude oil has crashed in the past few months. That’s bad for the clean energy sector, right? Actually, not necessarily.
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  Finance

  Nigeria’s SMEs To Get Funding Boost As 11 Banks Partner To Provide Easier Loans. Nigeria’s Bank of Industry (BOI) has signed a memorandum of understanding (MoU) with ten deposit banks to provide loans to Small and Medium Enterprises (SMEs) at low interest rates.
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  AgriBusiness

  How Bill Gates Plans To Help Africa Feed Itself. VENTURES AFRICA – Seven out of ten people living in sub-Saharan Africa are farmers, according to a recent publication by the Bill&Melinda Gates Foundation. Despite this, about 30 percent of the population was hungry in 2010.
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  M & A

  Maroc Telecom Acquires Etisalat’s Assets In Six African Countries For $537m. Morocco’s leading telecommunication company, Maroc Telecom, has finalized a deal to acquire six telco assets in Africa from Etisalat, the largest mobile phone company in United Arab Emirates.
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  Finance

  Why The Naira Is Trading Below N200. Nigeria’s Naira ended last week on a record low as it denigrated to 190.36 to the dollar on Friday. It is presently trading above N200 within the country’s black market.
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  Finance

  UBA Enters Southern Africa, Opens Angolan And South African Branches. Leading Nigerian banking group, United Bank for Africa (UBA), has expanded into southern Africa with the opening of new branches in Angola and South Africa.
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  Advisor Network

  Bob Diamond’s ABC Holdings Delists From Botswana Stock Exchange. Co-Nvest Ltd, has delisted its shares from the Botswana Stock Exchange (BSE).
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  Mining & Construction

  Australian Lucapa Begins Diamond Mining In Angola. Australia diamond company, Lucapa, has began mining for alluvial diamond in the Lulo region of Lunda Norte province, Western Angola.
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  Commodities & Currencies

  Nigerian Banks And CBN In Currency Showdown. agency has revealed an ongoing tug of war between Nigeria’s Central Bank and the Financial Markets Dealers Association (FMDA), a grouping of 40 banks, discount houses and brokerages.
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  Economic development

  Why The ‘Africa Rising’ Narrative Is False. “Africa is not rising,” a straight-faced Ali Mufuruki, Tanzanian millionaire and business man, said in a TEDx Talk in London a month ago.