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Sat,18Nov2017

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Foreign investors sold $667 million in Nigerian stocks over two months

Foreign investors sold off 132.68 billion naira ($667 million) in Nigerian stocks for the first two months of the year, data from the stock exchange showed on Thursday, hurt by a weaker naira currency and jitters over Saturday's elections.

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Hannibal: Much to do in frontier economies

As external markets sour, bank debts may become exposed, while US tapering of quantitative easing will make frontier markets less attractive to investors.

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Hannibal on the Slowdown in the Zambian mining sector

Photo©ReutersWith new regulations frightening investors, miners are threatening redundancies, which could cause widespread labour unrest.

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Sierra Leone's private sector rushes to fill the void as dam disappoints

Bumbuna Dam, 35 years in the making, has been riddled with problems since opening in 2009/Photo©Katrina Manson/reutersPoor management and weak infrastructure mean that the government and companies are relying on independent projects to meet electricity demand.

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African private equity rivals the other emerging markets

Global private equity returns Individual rate of returns to limited partners, for 10 years to end Sep. 2012Research that benchmarks African private equity against the global market for the first time shows the industry is far maturer than analysts had previously thought.

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Big boards make room for the little guys at the Stock Exchange

Kenyan Stock Exchange/Photo©ReutersStock exchanges from Nairobi to Accra are aiming to boost growth by creating market segments with scaled down entry requirements.

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Smallholders and industrial farmers in Mozambique stake their claim

Only larger farms can afford dedicated packers/Photo©BENOIT MARQUET/AFPThe government seeks to encourage both small and large agricultural enterprises, but smallholders worry that foreign investors will shake up the sector.

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Zimbabwe: Telecoms firm embarks on share split

Photo©ReutersZimbabwe's largest telecommunications firm, Econet Wireless has embarked on a share split to woo small local investors, a move that will see more Zimbabweans participating on the stock market.

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Japan and China to compete for Zimbabwean coal

Zimbabwe hopes to ship 15 million tonnes annually to Japan/Photo©ReutersJapan and China are involved in a scramble for Zimbabwe's vast coal deposits, as the southern African country goes all out in search of investors.

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Kenya's Tana Delta burning

Police patrol burnt houses in Kilelengwani/Photo©CHARLES MAKUNDA/REUTERSPolitical manipulation in the Tana Delta casts a shadow over March 2013's national elections. Ethnic violence has preceded every presidential poll, save for 2002, and the grieving local communities want answers.

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Uganda's bankers and developers endure jitters in property market

New high-rise office buildings add pizzaz to the Kampala skyline, though not all spaces are let/Photo©TREVOR SNAPPLocal banks have greatly increased their lending to commercial and residential real estate investors, but the central bank is worried that monetary tightening will increase the rate of default.

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Société Générale launches private bank in Africa

Société Générale's private banking subsidiary has appointed a client director for Africa to lead its strategy aimed at entrepreneurs in Nigeria, South Africa and Algeria.

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Foreign investment raises local fears in Zimbabwe

Donors, who supply 98% of drugs in the public sector, do not prioritise local companies/Photo©ReutersLocal companies are already struggling in the face of the government's preference for cheaper imported drugs, so the arrival of new foreign-backed companies could fundamentally alter the structure of the industry.

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A boutique hotel experience in Ghana

Charles Meares, General Manager of Villa Monticello in Ghana/Photo©Alessandro CostaThe boutique hotel concept has flourished in southern and north Africa, but in West Africa, the concept has just started catching on. And local investors are digging in.

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How corporates benefit from Africa's new business deals

There are greater opportunies for Africa to help finance the growth of international firms/Photo©AKINTUNDE AKINLEYE/REUTERSWhen African telecom companies started to emerge in the late 1990s, many scoffed. How could it be, went the general chatter, that Africans have money to spend on telecoms? Several multi-millionaires later, after the historic sale of Mo Ibrahim's Celtel for $3.4bn and the rise of South African giant MTN, investors piled in.

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A Zimbabwean ultimatum to root out skeptical investors

Zimbabwe has given foreign investors a six months ultimatum to implement their projects approved by the investment authority or risk losing them.

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Ethiopia to lease out land to investors despite land grab concerns

Ethiopia announced on Friday plans to lease 100,000 hectares of land both to local and foreign investors, despite recent reports that foreign investors were grabbing large chunks of land.

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Iron ore drives Liberia's extraction boom

Two decades of civil war and rust were swept away when ArcelorMittal reactivated Liberia’s iron ore mines; 1m tn have now been exported/Photo©Getty ImagesAs ships full of iron ore leave Liberia for the first time since the end of the civil war, oil exploration offshore is attracting interest from big investors.

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Youths need a future - President of Liberia

President of Liberia, Ellen Johnson SirleafThe Nobel Peace Prize winner has received her fair share of criticism at home in the form of youth riots and allegations of conflict of interest.

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Liberia's growing pains

Despite investment by companies like ArcelorMittal, only 20% of the workforce is in the formal sector/Photo/LUC GNAGO/REUTERSPresident Ellen Johnson Sirleaf faces a fractious political environment and gaping infrastructure deficits as her government tries to attract foreign investors to boost employment.

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