Business

Wed,21Feb2018

Business

Chad hires Rothschild to advise on $1 bln Glencore debt - sources

 In this April 14, 2011 file picture the Glencore headquarters in Baar, Switzerland is photographed. Photo: Urs Flueeler/AP/SIPAChad has hired Rothschild & Co to advise it on restructuring its external debt, namely a more than $1 billion loan from oil trader Glencore, four sources familiar with the matter said.

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West African leaders plan shared currency by 2020

Nigerian President Buhari speaks at U.N. headquarters, Sept. 19, 2017. He has urged caution against a shared currency. Photo: Mary Altaffer/AP/SIPAA group of four West African presidents said on Tuesday they planned steps to accelerate the creation of a shared currency for the 15-country ECOWAS bloc by 2020, according to a joint statement.

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Nigeria's NNPC says oil access is "not limitless" for fuel swaps

 In this Nov. 19, 2012 photo, a petrol attendant fills a car at a petrol station in Lagos, Nigeria. As of 24/10/17, the NNPC organisation is focused on ensuring that the country stays wet. Photo: Sunday Alamba/AP/SIPANigerian energy company NNPC is relying heavily on swapping its crude for products such as gasoline as its refineries struggle to run, but an official at the state firm said its access to oil is limited.

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Proparco serving the private sector and sustainable development in Africa since 1977

Logo ProparcoFor the past 40 years, Africa has been at the very center of Proparco’s mission. In the coming years, Proparco will grow significantly to further help entrepreneurs who, in South Africa and in the region, create jobs, fight global change and provide access to essential goods and services.

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Zimbabwe to cut budget deficit by half in 2018: Treasury

Zimbabwean President Robert Mugabe shares a light moment during his meeting with South African President Jacob Zuma in Pretoria, South Africa, Oct. 3, 2017. Photo: Themba Hadebe/AP/SIPAZimbabwe expects to cut its budget deficit by half next year to 4 percent of gross domestic product, while economic growth will slow down to 3 percent, according to a treasury document seen by Reuters on Tuesday.

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South Africa's cabinet changes rattle bonds, rand extends losses

ANC President Jacob Zuma gestures during a news conference on the eve of a parliamentary vote, in Johannesburg, South Africa, April 21, 2009. Photo: DENIS FARRELL/AP/SIPASouth African government bonds weakened and the rand extended losses against the dollar on Tuesday after President Jacob Zuma reshuffled his cabinet and the weekly bond auction failed to attract strong demand.

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African rulers' weapon against web-based dissent: the off switch

Management student Ndeye Mane Toure, uses an internet meeting site at a cyber cafe in Dakar, Senegal,  2006. Photo: REBECCA BLACKWELL/AP/SIPALong-standing African rulers fearful of popular protest and the use of social media to spread information are using various methods to shut down the internet to overcome their tech-savvy opponents, in a growing threat to democracy and economic activity in some of the world's poorest countries.

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