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Namibia: Moody’s and Local Bank Host Business Engagement

Windhoek — Moody’s Investor Services recently held a business engagement for about 50 public and private sector clients in Windhoek, in collaboration with Standard Bank Namibia. Moody’s Investors Service, often referred to as Moody’s, is a provider of credit ratings, research and risk analysis. Representatives from Moody’s were in Windhoek …

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Nigeria: Kachikwu Clarifies Statement On N1.4tr Subsidy

By Kingsley Jeremiah Abuja — Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday said the Nigerian National Petroleum Corporation (NNPC) was in the best position to give appropriate figures on import of Premium Motor Spirit (PMS) otherwise called petrol. Reacting to report, in which he (Kachikwu) was quoted as …

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Tanzania: Profit Falls, but Deposits Grow

Dar es Salaam — The I&M Bank Ltd net profit slowed to Sh4.8 billion in 2017, lower than Sh5.4 billion recorded during the previous year. The bank’s audited statement for the year ended in December 31, 2017 total deposits grew by 7.3 per cent from a shrink of 1.4 per …

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Nigeria: Emergency FAAC Meeting Ends Without Resolving Crisis

The emergency Federation Accounts Allocation Committee (FAAC) convened by the Minister of Finance, Kemi Adeosun, ended on Wednesday without resolving the crisis that derailed last Tuesday’s schedule. Tuesday’s meeting ended in a stalemate following disagreements by representatives of the 36 States and the Federal Capital Territory over the amount presented …

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Nigeria Exits Recession Fully

By Jonathan Nda-Isaiah The federal government declared yesterday that Nigeria has fully exited recession, following the latest report by the National Bureau of Statistics. The Minister of Budget and National Planning, Senator Udoma Udoma, disclosed this after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at …

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Tanzania: New Railway Projected to Reduce Transport Costs

By Josephine Christopher Dar es Salaam — When completed and operational, the standard-gauge railway (SGR) will help in reducing the transit-time and the costs in Tanzania. This was said in Dar es Salaam on Tuesday by the executive secretary of the Central Corridor Transit Transport Facilitation Agency (CCTTFA), Mr Dieudonne …

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