Business

Sat,23Feb2019

Business

Telkom Kenya gets $40 mln loan from European Investment Bank

 Kenyans stand in line to use public telephones provided by Telkom Kenya, the state-owned monopoly that was to have been privatized in an attempt to improve telephone and data services in the East African nation, Nairobi on Tuesday Jan. 15, 2002. Photo: KHALIL SENOSI/AP/SIPATelkom Kenya, the country's third biggest operator, has secured a loan worth $40 million from the European Investment Bank (EIB), the company said on Friday, as it tries to gain market share by expanding its mobile and data services.

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Equatorial Guinea punishes Subsea 7 over laws on local jobs

Subsea 7 social media account photoEquatorial Guinea has ordered energy operators to stop doing business with oil and gas service firm Subsea 7 for failing to comply with local laws aimed at creating more jobs for locals, the oil minister said on Thursday.

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Nigerian central bank set to reach deal in $8.1 bln MTN dispute

People buy MTN accessories on a street in Lagos, Nigeria Thursday, Nov. 5, 2015. Photo: Sunday Alamba/AP/SIPANigeria's central bank is on the verge of an agreement over a $8.1 billion dispute with South African telecoms firm MTN, its governor Godwin Emefiele said on Thursday, declining to provide further details.

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Standard Bank’s Africa-China trade corridor links Africa and China in world’s next big growth partnership

Standard bankDepth of Standard Bank’s Africa-China trade corridor

Standard Bank’s Africa-China trade corridor links Africa and China in world’s next big growth partnership
Standard Bank and ICBC celebrated 10 years of partnership by bringing African exporters to CIIE

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"We will cut down on importation" - Nana Kwame Bediako, Chief executive, Wonda World Estates

AMSTERDAM GROUP PUBLIC RELATIONS INC.

The backer of a new free zone outside of the city of Takoradi talks to The Africa Report about the importance of the local private sector

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Stanbic sees June 2019 close for $2.5 bln debt deal for Uganda's oil pipeline

Stanbic-BankStanbic Bank Uganda, lead arranger for the East African nation's $2.5 billion debt for a crude oil pipeline, expects the deal to conclude in June next year, its chief executive said on Wednesday.

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Little change in Zimbabwe a year after Mugabe downfall

AFPInformal trader Lincoln Chinengundu is frustrated with Zimbabwe's current government and says life has become tougher one year since the resignation of former president Robert Mugabe after an army coup.

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