NewsInternational

Thu,24Jul2014

International

PayPal's Nigeria launch sees great uptake

PayPal has signed up "tens of thousand" of Nigerians in its first week of operating in Africa's biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform.

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Global funds for African farmers

In its first continental investment, KKr & Co. hopes Ethiopia’s Afriflora will come up roses. Photo©AfrifloraAfrica's urban food markets will increase fourfold by 2030, and small and unlisted companies setting out to supply them hold high-yield potential.

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The elusive prize of value addition

There is no truism more universally acknowledged in the discussion about Africa's economic redemption than that of the need for countries to add value to their natural resources. And this truism is not of recent vintage.

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Gabon oil block talks make headway despite dispute with Total and Sinopec

File photo©ReutersGabon has selected seven companies for a final round of negotiations as part of an offshore licensing round the government hopes will reverse a chronic decline in output.

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ENI signs deal to expand oil, gas exploration in Congo

Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer.

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Power: Inga III will have to wait

Harnessing the river: Inga II with Inga I behind. Inga III will add a further 4,800MW capacity. Photo©Jean-Luc Dolmaire/JaWith the legal framework, tenders, impact studies and financing still to be finalised, construction of the dam is unlikely to start before the end of 2016.

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