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Nigeria:
Visa
Partners With 15 Banks on Credit
Card Services
Visa International, the
leading electronic payment company
in the world, has decided to enter
into a partnership with 15 banks
.
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Africa - Continent of Hope
"Africa is
a good bet for foreign investors",said
World Bank's new president
Paul Wolfowitz at the U.S.-Africa
Business Summit in Baltimore,Maryland
after his recent week-long
trip to Nigeria, Burkina
Faso, South Africa and Rwanda.
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Zambia
- Destination for tourism
and investment
Zambian
President Levy Mwanawasa
(right) told the U.S.-Africa
Business Summit last week
that his country has a
lot to offer investors
who are prepared to partner
with Zambians for their
mutual benefit.
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Nigeria
Debt Relief Agreement
Announced
Welcoming
Nigeria's record of
recent economic reforms,
the 19-member Paris
Club of creditor nations
announced an agreement
that could result in
100 percent debt relief
for Nigeria.
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| US funds Sh325m dairy project |
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Dairy farmers in Eastern Province are to benefit from a $4.5 million (Sh325 million) programme funded by the American government.
Speaking yesterday during the launch of the Kenya Food for Progress Programme at the Windsor hotel, Livestock and Fisheries minister, Joseph Munyao, said the assistance would help 20,000 people in the marginal districts of Machakos, Makueni, Mbeere, Meru and Embu districts.
The three year programme will be implemented in three phases by Land O’ Lakes International Development, under the United States Department of Agriculture (USDA)
The minister said the programme was aimed at addresing the challenges in the dairy sector, particularly in raising productivity and marketing for value addition, including the small-holder dairy farmers. He said the recently concluded Kenya Dairy Development Project (KDDP) was carried out in high potential areas of Central and Rift Valley provinces, and its successes would be replicated in the marginal districts of Eastern province. |
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Oil search may head to Somalia |
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Gunmen ambush troops as insurgents fire rockets at military bases and pirates prowl the turquoise Indian Ocean shipping lanes offshore.Somalia may be seem an unlikely prospect for investors seeking untapped oil and gas fields, but that could be about to change as the majors turn their gaze off the beaten track.
Driven by record profits, a race with hungry Asian rivals and fears of growing energy nationalism in South America and Russia, interest in eastern Africa has never been higher.
“Africa across the board has seen a substantial uptake in acreage in recent years by all sizes of companies from the majors to mega-majors, independents and minnows,” said Duncan Clarke, chairman and chief executive officer of international energy consultants Global Pacific & Partners. “Quite a few significant players have moved into position.”
Big Western companies including ConocoPhillips, Chevron and Total held Somali exploration concessions before the country slid into civil war in 1991.
A World Bank and UN survey that year of eight northeastern African countries’ petroleum potential ranked Somalia second only to Sudan as the top prospective commercial producer.
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| 23 - 26 November, Dar-Es-Salaam |
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| 27 - 29 July, Nairobi, Kenya |
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| 23 - 26 November, Dar-Es-Salaam |
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| 27 - 29 July, Nairobi, Kenya |
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