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Nigeria: Govt Reviews Oil Blocs Allocations, Targets 2.1 Billion Barrels Reserves
Vanguard ( Lagos) April 4, 2006 Hector Igbikiowubo & Luka Binniyat THE Federal Government has commenced the review of all oil blocs in the Niger Delta while targeting an increase of 2.1 billion barrels in the nation's oil reserves. In line with this position, the Nigerian National Petroleum Corporation (NNPC) and all the major oil and gas exploration and production companies have started negotiating a Memorandum of Understanding...
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Namibia: Some Major Sectors Show Growth
New Era ( Windhoek) April 4, 2006 Wezi Tjaronda Windhoek
The economic activities in some sectors showed an improvement in the fourth quarter of 2005, compared to the previous one. The Bank of Namibia's Quarterly Bulletin released last week says that activities in mining and quarrying, wholesale, and the repairs and retail trade sectors recovered after growing slowly for the three preceding quarters of 2005...
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Zambia : We Won't Pull Out, BAT Assures Shareholders
The Post ( Lusaka) April 4, 2006 Kingsley Kaswende, Lusaka
The British American Tobacco (BAT) Plc board has assured the company's shareholders that the company will not pull out of Zambia. The board had a tough time last Friday at the company's annual general meeting trying to explain the company's new business model, which the minority shareholders did not favour...
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Sudan : Kenya Offers to Build Oil Pipeline From Southern Sudan to Lamu
The East African ( Nairobi) April 4, 2006 Anthony Kamau Nairobi
Kenya wants a pipeline built from Southern Sudan to the coastal town of Lamu to ship oil to regional and world markets.
In a presentation to Southern Sudan government officials at a recent investment conference in Nairobi, Kenya Pipeline Corporation managing director George Okungu said Kenya's proximity to the sea and experience in pipeline management favoured Lamu port - as opposed to the Port of Sudan on the Red Sea - as the exportation port for Southern Sudanese oil.
Mr Okungu said the distance from Kapoeta to Mombasa was 1,020 km, compared with 4,500 km to Port Sudan...
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South Africa : Manufacturing Sector Rebounds On Softer Rand
Business Day ( Johannesburg) April 4, 2006 Ayanda Shezi Johannesburg
FOR the first time since December, manufacturing activity rebounded last month, helped by a slightly weaker rand during the month.
The sector remains under pressure, however, and its activity is likely to remain lacklustre in coming months as local manufacturers struggle to compete with cheaper imports.
Also, managers are less optimistic about the six-month outlook, and the sector's performance will be watched closely over coming months...
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Mozambique : Debate On Currency Reopened Agencia de Informacao de Mocambique ( Maputo) April 4, 2006 Maputo
The Mozambican parliament, the Assembly of the Republic, on Tuesday reopened the debate on a proposed currency reform, following an appeal by deputies of the former rebel movement Renamo to the Constitutional Council, asking to have the reform annulled as unconstitutional...
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Kenya : Anti-Corruption war stalls
Inter Press Service ( Africa), by Darren Taylor April 1, 2006
More than a month has passed since authorities in Kenya pledged a fresh drive against high-level graft in the corruption-riddled East African country, but no assets have been seized, as promised.
On Feb. 14, Justice Minister Martha Karua said the government would freeze bank accounts to repossess cash and recover assets purchased with the proceeds of corruption...
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South Africa : SA Firms in Scramble for Africa Business Day ( Johannesburg) March 29, 2006 Sanchia Temkin Johannesburg
MAJOR changes announced by Finance Minister Trevor Manuel in this year's budget to exchange controls will facilitate greater merger and acquisition activity by South African companies in the rest of Africa, says Ernst & Young corporate finance partner Loyiso Jiya...
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31 MAY - 3 JUNE 2005
MAPUTO, MOZAMBIQUE |
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June 21-24, 2005
Baltimore, Maryland |
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INVESTING AND SUCCEEDING IN NIGERIA
As a subsidiary of Belgolaise Bank - the only
European bank dedicated entirely to Africa - NBM bank ( Nigeria ) Ltd can rely on a highly efficient network of affiliated banks and leading banking partners in sub-Saharan Africa . |
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