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Fri,24Nov2017

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Africa's pharmaceutical futures

Roman Vondrous/AP/SIPA

A new initiative could streamline regulation of drugs across the continent, but policymakers have a long way to go to make the African Medicines Agency a reality.

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Culture: Soaraway success on a shoestring

Photo©©GLENNA GORDON/THE NEW YORK TIMES-REDUX-REAIt's the kind of success story you only see in films: a nascent industry founded in the 1980s has blossomed into a sophisticated multi-million-dollar empire employing more than a million people and contributing around 5% to Nigeria's economy. Now larger than Hollywood, Nollywood is second only to India's gigantic Bollywood film industry, in terms of the volume of films made per annum.

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Telecoms: India's Bharti Airtel blames Nigerian losses as Q1 net profit drops 31 per cent

Photo©Adnan Abidi/ReutersIndia's largest telecom network operator, Bharti Airtel Ltd, reported a 30.8 percent fall in first-quarter net profit on Wednesday, blaming an adverse foreign exchange impact in Nigeria, although it beat analysts' estimates.

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Industrial rescue plan for Zimbabwe

The United Nations Industrial Development Organisation (UNIDO) has unveiled a $22.6 million rescue package for Zimbabwe to resuscitate the collapsed pharmaceutical and manufacturing sectors.

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India's PM visit SA to drum up business

Indian Prime Minister Narendra Modi, left, and South African President Jacob Zuma, right, stand at an arrivals ceremony at the Union Buildings in Pretoria South Africa, Friday, July 8, 2016 on the second leg of his four nation African tour. Photo©Denis Farrell/AP/SIPASouth African authorities have rolled out the red carpet for visiting Indian Prime Minister, Narendra Modi, who is on an official visit to the country, with the defence forces giving him a gun salute at the seat of government, the Union Buildings in Pretoria.

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India to import pulses from Mozambique through govt channels

Photo©AP/SIPAIndia, the world's biggest consumer of pulses, will help Mozambique in cultivation of pulses and import them through government-to-government deals in the coming years, Telecoms Minister, Ravi Shankar Prasad said on Tuesday.

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Japan eager to support Africa's transformation

Japan's Prime Minister Shinzo Abe, center left, visits the African Union (AU) headquarters in Addis Ababa, Ethiopia Tuesday, Jan. 14, 2014. Photo©Elias Asmare/AP/SIPATwo decades after Japan's pioneering efforts to get Asian countries to engage directly with African leaders by launching in 1993 the Tokyo International Conference on African Development Prime minister Shinzō Abe announced a whopping $32 billion five-year support for Africa's development projects. Fast froward from 2013, the Asian giant wants Africa to "choose Japan as its true partner".

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South Africa aims to lift coal exports to India

Photo©ReutersSouth Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share.

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Zimbabwe eyes $1 billion investment

Zimbabwe is eyeing $1 billion in foreign direct investment this year despite concerns about its unclear empowerment policies and continued isolation by the international community.

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Oil & Gas: India seeks active role in Africa

India, the world's third biggest oil importer, stepped up oil imports from Africa in 2015. File Photo©ReutersIndia has asked its oil firms to boost ties with resource-rich Africa as the south Asian nation wants to take advantage of tumbling crude prices to lock in supplies to meet future demand.

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Strong India, Africa demand lifts South Africa 2015 coal exports

Coal exports from South Africa's Richards Bay Coal Terminal (RBTC) rose by 5.7 percent to 75.4 million tonnes in 2015 helped by demand in Africa and India.

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Côte d’Ivoire’s grind hits a bump

Photos© Philippe Guionie/MYOP for TARProcessors say the government must offer incentives if it wants to increase local grinding to 50% of the cocoa crop. An announcement is expected in November

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Mauritius plans platform to hedge African currencies against U.S. dollar

Mauritius plans to launch a trading platform to hedge African currencies against the U.S. dollar, part of a bid to expand its role as a financial hub for the continent, the financial services minister said.

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101 South Africa-bound Indian migrants abandoned by fixers in Uganda

A group of 101 Indians have been abandoned in three hotels in Kampala, Uganda by two of their compatriots, who transported them from India after promising them jobs in South Africa.

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Uganda's Indian community seeks tribal status

Uganda's Indian community is lobbying to be recognised constitutionally as a tribe, leaving the country's parliamentarians tied in knots and divided over the matter.

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Telecoms: Bharti Airtel has no plans to exit Africa

Bharti Airtel Ltd, the biggest Indian cellphone carrier, has no plans to exit Africa, it said on Tuesday, despite announcing exclusive talks with France's Orange to sell four of its units on the continent.

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Banking: BRICS bank, NDB launches in Shanghai

Also known as the BRICS bank, the New Development Bank (NDB), launched on Tuesday, follows soon after the establishment of the China-led Asian Investment Infrastructure Bank (AIIB).

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BRICS Summit: South Africa should set tone for FfD Conference in Addis Ababa

With BRICS Summit just days before the Financing for Development Conference, emerging country leaders have a unique opportunity.

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SA's Aspen Pharmacare sells off businesses to Indian drugmaker, Strides

photo@ReuterspharmacySouth Africa's Aspen Pharmacare Holdings Ltd is selling off some of its businesses in Australia and Mauritius to Indian drugmaker Strides Arcolab Ltd. Strides will pay $300m for the businesses, expanding its footprint in markets that are set for brisk growth.

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Oil and Gas: Kenya oil product imports likely to hit record

File Photo©ReutersKenya is set to import record volumes of oil products in May as its economy gathers steam, soaking up some of Asia's excess supply and helping put a floor under refining margins.

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