AFRICAN & MIDDLE EAST NEWS
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Nigeria secures US$700m from IDA for water, sanitation project while French company Vergnet Hydro to rehabilitate 1,000 boreholes in Ivory Coast
NIGERIA – The West African nations of Nigeria and Ivory Coast are currently ploughing in funds to finance water and sanitation projects in their communities.…
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IFAD, EU invest US$32m in Ethiopian rural financial institutions to support agriculture sector mitigate pandemic effects
ETHIOPIA – The Development Bank of Ethiopia (DBE) is set to receive a EUR13.8 million (US$16.84m) grant from the International Fund for Agricultural Development (IFAD),…
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Zambia’s agriculture industry gets US$80m boost from Chinese firm Zhong Yang Eco-Agriculture Industry Park
ZAMBIA – Chinese firm, Zhong Yang Eco-Agriculture Industry Park, has signed a US$80 million Investment Promotion and Protection Agreement (IPPA) with the Zambia Development Agency…
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Flour Mills of Nigeria expands investment in Nigeria’s sugar industry as Shell Nigeria ventures into cassava processing
NIGERIA – Flour Mills of Nigeria Plc (FMN), has announced the acquisition of 20,450 hectares of land in Nasarawa State, to boost the backward integration…
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Nampak turns to profitability courtesy of business restructuring move
SOUTH AFRICA – Nampak, Africa’s largest diversified packaging manufacturer, has recorded impressive results in the six months ended March 31, despite the ongoing restrictions on…