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The proverbial state of Africa

  (TRADE NEWSWIRE): Our highly revered Yoruba elders say :(Adan da ori kodo, o n wo ise eye) English meaning (The bat hangs upside down while watching the actions of other birds), TRADE NEWSWIRE reports. (Awa eda eniyan ro wipe agbon, la’imo wipe Oluwal’ogbon, eda go ju) English meaning ( Human beings think that they are knowledgeable, but not knowing that ...

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Lesson to African leaders: ‘I knew Mugabe’s government will not exceed 2017’

  .Power is transient (TRADE NEWSWIRE): I had on Jan 18, 2017 published in a warning letter to the former Gambian President, Yahya Jamme, as he was being pressured to leave the seat of power early this year, on paragraph five of the letter to notify him of another sit-tight African leader  that will soon be booted out of power. ...

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Maritime dev: NIMASA DG Dakuku Peterside storms AAMA 2017 Executive meeting in Egypt with Hajia Lami Tumaka, others

(TRADE NEWSWIRE): The Director General of the Nigerian Maritime Administration and safety Agency (NIMASA), Dr. Dakuku Peterside, has stormed the AAMA 2017 Executive Meeting holding in Alexandria Egypt, along with a World-renowned First-rate Strategic Communications Professional and Director of Special Duties in the Office of the DG NIMASA, Hajia Lami Tumaka, among others to discuss the way forward for the ...

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Africa is next maritime investment haven- NIMASA DG

  .Charges African countries to develop maritime infrastructure (TRADE NEWSWIRE): The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that with the potentials of the African maritime sector, competitive operating environment, proper regulation, incentives and infrastructural development; Africa would be the next maritime investment haven, TRADE NEWSWIRE reports. In a statement obtained ...

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Global maritime politics: AAMA Chairman Dakuku Peterside champions Africa’s call for more representatives on Council

    . Seeks MoU on Capacity Building (TRADE NEWSWIRE): The Chairman of the Association of African Maritime Administration (AAMA), Dr. Dakuku Peterside has called for increased representation of the continent on the International Maritime Organization (IMO), Council and its Secretariat, TRADE NEWSWIRE reports. Peterside, who made the appeal when he led a delegation of some members of AAMA Executive Committee ...

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AAMA Chairman Dakuku Peterside storms IMO conference, meets African Representatives

  .Pledges better share of global maritime trade for Africa (TRADE NEWSWIRE): The Chairman of Association of African Maritime Administration ( AAMA), Dr Dakuku Peterside  has charged African stakeholders in the maritime sector to work together to ensure Africa takes its rightful place in the global maritime community, TRADE NEWSWIRE reports. Dakuku stated this in a meeting with representatives of ...

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Port efficiency: AAMA chair identifies infrastructure, Regulatory framework as antidotes to make African ports competitive

   (TRADE NEWSWIRE): The Chairman, Association of African Maritime Administrators, Dr Dakuku Peterside, has identified investment in world class infrastructure; strengthened Regulatory Frameworks: enhanced Institutional Cooperation; and implementation of one-stop portals like the national single window and adequate Investment in human capital as remedial factors that will make African ports efficient and competitive, TRADE NEWSWIRE reports. Perterside, who is the ...

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Feeling unwanted and unwelcome, African migrants hit by new tax in Israel

TEL AVIV: Nine years ago, Teklit Michael fled Eritrea to avoid military conscription, survived a perilous journey across the Sinai peninsula and sought asylum in Israel. The 29-year-old Eritrean community organiser now works as a cook at a restaurant in south Tel Aviv – alone, without family and in legal limbo, awaiting a response to his asylum request. Since May, ...

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Mitsubishi, Sumitomo seal Tunisia power project deal

Mitsubishi Hitachi Power Systems (MHPS) and Sumitomo Corporation signed an engineering, procurement and construction (EPC) contract with Societe Tunisienne de l’Electricite et du Gaz (STEG) for a gas-fired combined cycle power plant in Tunisia. The project, which boasts a 450 MW generation capacity, will come up at Rades in Ben Arous Governorate. The power plant construction site is located about ...

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Knowledge transfer: NIMASA set to aid Ghana’s maritime capacity development

  .Peterside justifies essence of AAMA Chairmanship (TRADE NEWSWIRE): The Nigerian Maritime Administration and Safety Agency (NIMASA) is set to sign a Memorandum of Understanding (MoU) with the Ghana Maritime Authority (GMA) in order to improve the latter’s maritime development capacity through knowledge transfer, TRADE NEWSWIRE reports. The Chairman of the Association of African Maritime Administrations (AAMA) and Director-General of ...

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Former Ivory Coast midfielder Tiote dies aged 30

BEIJING, –: Former Ivory Coast midfielder Cheick Tiote collapsed and died in training with his Chinese club on Monday, his agent confirmed. “It is with deep sadness that I confirm that my client Cheick Tiote sadly passed away earlier today after collapsing in training with his club Beijing Enterprises,” agent Emanuele Palladino told Sky Sports. Tiote played for English club ...

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Terms of Business Agreement: AAMA Chair demands Symbiotic Relationship with world maritime operators

  .Peterside markets Nigerian maritime potentials at Nor-Shipping 2017   (TRADE NEWSWIRE): The Chairman of the Association of Heads of African Maritime Administrations (AAMA), Dr. Dakuku Peterside, has demanded for a Symbiotic Relationship that is ‘mutually beneficial’ in nature on Terms of Business Agreement with world maritime operators, TRADE NEWSWIRE reports. Peterside, who is also the Director-General of the Nigerian ...

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Eyeing growth boost, Kenya opens Chinese-built railway

    MOMBASA: Kenya’s President Uhuru Kenyatta on Wednesday (May 31) inaugurated a Chinese-built railway, the country’s biggest infrastructure project since independence that is aimed at cementing its role as the gateway to East Africa. The boxy red-and-white diesel train left from a gleaming new terminal in the port city of Mombasa, carrying Kenyatta, Chinese dignitaries and citizens from around ...

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Libyan Islamist group Ansar al-Sharia says it is dissolving

CAIRO: Libyan Islamist group Ansar al-Sharia, a group linked to Al-Qaeda, is formally dissolving itself, it said in a statement on Saturday. The group, which Washington says was behind the 2012 Benghazi attack that killed the U.S. ambassador Christopher Stevens, had been at war with Khalifa Haftar’s eastern-based Libyan National Army. The group said its decision came on the back ...

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Mena e-commerce set to top $6.7bn this year

Driven by young demographics with high disposable income and high internet penetration rate, the Mena region’s e-commerce market value is set to hit the $6.7-billion mark this year, up from $4.8 billion in 2015, a report said. The Middle East’s e-commerce sector has skyrocketed by 1,500 per cent over the last 10 years, highlighted MyUS, a leading facilitator for Mena ...

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At least 30 migrants drown in new Med disaster

At least ,30 migrants, drow, in ,new Med disaster image: data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== Illegal migrants from Africa arrive on shore after being rescued by Libyan coast guards rescued at sea, off the coastal town of Tajoura, 15 kilometres east of the capital Tripoli on May 23, 2017. (Photo: AFP/Mahmud Turkia) 24 May 2017 08:50PM (Updated: 24 May 2017 08:50PM) Share this content ...

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S.Africa allows telecoms operators to keep broadband spectrum until 2028

CAPE TOWN: Six South African telecoms companies, including MTN Group and Vodacom, can keep their broadband radio spectrum licences until they expire in 2028 after agreeing to buy at least 30 percent of the government’s new Wireless Open Access Network (WOAN), the communications minister said on Wednesday. Minister Siyabonga Cwele told reporters an agreement was reached with operators on May ...

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Liberia to Cut Inshore Exclusion Zone

  The Government of Liberia has passed an Executive Order which will see its Inshore Exclusion Zone, reserved for artisanal fishermen, halved from six to three nautical miles. The Environmental Justice Foundation (EJF) says the move will increase competition from foreign industrial vessels which would export their catch overseas. This will mean a drop in the levels of fish being ...

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Efiwe: Equiping African Tertiary Libraries

  (TRADE NEWSWIRE): The need for access to relevant resources like books, equipment, journals etc. are fundamental to educational institutions and their success. Any current or past student in Public African tertiary institution will immediately see the utter lack of resources and the student’s struggle to seek knowledge amidst this lack of resources, TRADE NEWSWIRE reports. Efiwe is a Non-profit ...

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Five people shot during anti-mutiny march in Ivory Coast – witness

ABIDJAN: At least five people were wounded by gunfire during protests against an army mutiny in Ivory Coast’s second city, Bouake, on Saturday, according to a witness, as popular opposition to the three-day revolt over bonus payments grew. The witness saw five people being treated for gunshots at Bouake’s main hospital following an attempt by city residents to stage a ...

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Libyan Coast Guard Cuts Across Bow of Rescue Vessel

  On Friday, the German maritime rescue NGO Sea-Watch called for an investigation into a Libyan coast guard interdiction in international waters, which resulted in the return of hundreds of maritime migrants to Libyan shores. In addition, the group posted video showing a potentially dangerous close-quarters situation in which the Libyan vessel cut across the bow of the rescue ship. ...

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Congo records first causality of Ebola virus- Health Ministry

KINSHASA: A person in Democratic Republic of Congo who died of a hemorrhagic fever has tested positive for the Ebola virus, signaling the start of a new outbreak, the Health Ministry and the World Health Organization (WHO) said on Friday. The case was confirmed from tests on nine people who came down with a hemorrhagic fever in Bas-Uele province in ...

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DP World marks start of concession in Somaliland

Dubai-based DP World, a global trade enabler, has celebrated its 30-year port concession for the management and development of a multi-purpose port project at Berbera, Republic of Somaliland which started on March 2. President of the Republic of Somaliland, Ahmed Mohamed Mohamoud and DP World Group chairman and CEO Sultan Ahmed bin Sulayem were present at a ceremony to mark ...

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Iran, Guinea renew deal on transfer of bauxite

Iranian government has renewed its contract with the West African nation of Guinea for the production and transfer of bauxite to the Persian country, said a report. Based on the project, four million tonnes of bauxite will be extracted annually from Guinea-Conakry and transferred to the  southern coasts of Iran for alumina powder production, reported the Iran Daily News. Iranian ...

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Shipowners back Peterside in reviving African maritime industry as Chairman of AAMA

  (TRADE NEWSWIRE): Ship Owners Association of Nigeria (SOAN) has given its support to Dr. Dakuku Peterside, the Director General of the Nigerian Maritime Administration and safety Agency (NIMASA) to lead African maritime sector revival, for the economic benefit of the continent, following his recent election as the Chairman, of the Association of Heads of African Maritime Administrations (AAMA), TRADE ...

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Bombardier board approves proposal to cut chairman’s pay

REUTERS: Bombardier Inc said its board of directors approved a proposal to slash Executive Chairman Pierre Beaudoin’s pay by US$1.4 million, bringing his 2016 compensation to US$3.8 million, equal to his remuneration for 2015. The move comes after Beaudoin asked the board to reset his compensation as the rise in pay had “become a distraction” from the company’s regular work. ...

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Countdown to AAMA 2017: President Buhari meets African Maritime Chieftains, as NIMASA shifts world’s attention to Nigeria

  .Few days to AAMA 2017 Conference (TRADE NEWSWIRE): President Mummadu Buhari will later this month on April 20 meet a body of African Maritime leaders under the aegis of Association of African Maritime Administration (AAMA) from across the continent to brainstorm on ways in which Africa can come together to maximize the economic opportunities of the continent’s large ocean, ...

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NPA assures Pensioners of statutory pension increase

(TRADE NEWSWIRE): The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has assured that all pensioners who are qualified for pension increase in line with Federal Government Constitutional provision will enjoy same, TRADE NEWSWIRE reports. In a statement obtained by TRADE NEWSWIRE from the Principal Manager, Ibrahim Nasiru on behalf of the General Manager, Public Affairs of ...

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Libyan Forces Seize Car Carrier

On Sunday, Libyan militia forces loyal to the warlord Khalifa Haftar boarded and seized the car carrier Morning Compass. The Eukor-operated Compass was reportedly under way from South Korea to Misrata carrying a load of several thousand cars; the militia fighters diverted the vessel to the port of Ras Al-Hilal, northeast of Benghazi.The government of Eastern Libya told media that the vessel had ...

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African port authorities meet in Dakar on how to match global trends

As in the case of Congo Republic’s Pointe-Noire, African ports are increasing their operational capacities. Installation of new infrastructures, signing of concession contracts among other moves are helping to multiply initiatives to integrate better in international trade. Port managers on the continent want to have more power in the global market and advocate for stronger regional cooperation. In the midst ...

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Algeria to Build New Deepwater Port

The Algerian government has approved plans for the construction of a new $3.3 billion deep water port at El Hamdania. The port will include 23 berths, with a 20-meter (66-foot) draft, and will have an annual handling capacity of 6.3 million TEUs per year. This would make it Africa second largest container port after Morocco’s Tanger Med with a nine ...

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Africa’s ports revolution: setting the scene for economic take-off

  With its crippling deficiency in ports and overland transport infrastructure, Africa has been cut off from modern world trade. But over the next five years, thanks to international investment, much of the continent will be fitted with state-of-the-art deepwater container terminals able to handle supersized box carriers, plus modern transport networks to distribute them. In this special GCR report, ...

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Dar es Salaam port can convert Tanzania into trade hub

Tanzania should open up its Dar es Salaam port to trudge cargo volume, expand and build new transport links to make Tanzania a regional hub while turning the country as Dubai of East Africa, the East African Business Week can report. “The Dar es Salaam port is an engine for economic growth, if we invest in logistic centers, improve on ...

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John Agyekum Kufuor FPSO vessel ready to set sail to Offshore Cape Three Points, Ghana

Eni announces that the naming ceremony of the “John Agyekum Kufuor” floating production, storage and offloading (FPSO) vessel was held in Singapore. The FPSO shall operate in Sankofa-Gye Nyame field in the Tano Basin, in Ghana’s offshore, for the Offshore Cape Three Points (OCTP) project. The vessel is expected to arrive in Ghana by April 2017. Eni announces that the ...

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Namport a good example for Ghana

The former rector of the Ghana Institute of Management and Public Administration, who was also the resident coordinator of the UN System in Namibia for four years, Stephen Adei, complimented Nam­port for its efficiency, citing it as an example of how operations should be streamlined in Ghana. Speaking at a leadership forum organised by the Canada-Ghana Chamber of Commerce last ...

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Human Smugglers Open Fire on Libyan Coast Guard

  The Libyan Coast Guard says that human smugglers opened fire on one of its vessels during a mission to intercept 700 migrants off the coast of western Libya. The assailants reportedly shot at the coast guard vessel from shore, and Libyan servicemembers returned fire, forcing the smugglers to retreat. The coast guard crew proceeded to intercept two wooden boats ...

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Ghana: Vice-President calls for uniformity of tariffs at ports

The Vice-President, Ghana, Dr Mahamadu Bawumia, has hinted that the government may ensure some standardisation in the exchange rate within the ports to ensure uniformity of tariffs. According to him, although we were in a free market, some level of standardisation ought to be put in place to ensure that port charges, using foreign exchange rates, did not put people ...

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Tanzania says to receive $305 million World Bank loan for Dar es Salaam port expansion

Tanzania will receive a $305 million loan from the World Bank to expand its main port in it main commercial city Dar es Salaam, where congestion and inefficiencies are hampering ambitions to transform the east African nation into a regional transport hub. The port, whose main rival is the bigger but also congested port of Mombasa in Kenya, acts as ...

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NPA, NCS kick-start Single Window to facilitate trade in Nigerian ports- Photo

 (TRADE NEWSWIRE): The Nigerian Ports Authority (NPA) and the Nigerian Customs Service (NCS) have introduced Single Window (SW) platform at the nation’s ports to facilitate trade with a multiplying effect on revenue to the government coffers and business operations, TRADE NEWSWIRE reports.

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Dar es Salaam port clears record containers

In the last one year Tanzania through its program “Big Result Now” (BRN) has recorded an impressive performance of the minimum average of five days in the clearing of containers at the Dar es Salaam Port as Central Corridor Transport Observatory (CCTTFA) Annual Report latest report shows. Its annual report reveals that the indicators of effectiveness and productivity are generated ...

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President Buhari’s death rumour: ‘Father, forgive them, for they don’t know what they are doing’

    (TRADE NEWSWIRE):  Yoruba elders say (Bi a ba le ni ti ti, bi a ko ba ba’ni, iwon ni a n ba’ni se ota mo, ise ni a d’eyin l’eyin  eni na) English meaning (When you pursue a person to destroy him and you can’t catch up with him to achieve your destructive aim, then you desist from ...

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Reopened Libyan oil ports hope foreign staff will return to boost output

Guards and officials at major ports in Libya’s eastern Oil Crescent say they are hoping foreign workers will soon return as they struggle to build on output gains with meagre resources. The National Oil Corporation (NOC) reopened three ports in the curve of coastline south of Benghazi in September, after the Libyan National Army (LNA) led by Khalifa Haftar seized ...

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Ivory Coast’s ports resume cocoa loading after unrest

Ship loading resumed at Ivory Coast’s two ports in the cities of Abidjan and San Pedro on Thursday, cocoa exporters said, after a temporary shutdown a day earlier due to unrest in some factions of the security forces. Port activities were disrupted when paramilitary gendarmes fired shots into the air and sealed off access to the port in Abidjan, the ...

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‘Thank you President Muhammadu Buhari, ECOWAS and World leaders for peaceful handover of power in Gambia’

  (TRADE NEWSWIRE): I specially thank my President and Commander-in-Chief of the Armed Forces of Nigeria, Muhammadu Buhari GCFR; leaders of the Economic Community of West African States (ECOWAS) and the United Nations for ensuring a peaceful transfer of power in the Gambia inspite of minor hiccups that was maturedly and still being handled by you leaders, TRADE NEWSWIRE reports. ...

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Congratulations to the Gambian President Adama Barrow

    (TRADE NEWSWIRE): I hereby congratulate Mr. Adama Barrow, as you assume the presidency of the Gambia on 19th of January 2017 to liberate, serve, develop and advance the lives of the Gambians in line with the flying demands of this 21st century, TRADE NEWSWIRE reports. I pray to the Almighty Allah (Subhanahu Wa Ta’ala) English meaning (The most ...

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Kenya Ports Authority warns of false recruitment scheme at port

Kenya Ports Authority (KPA) has issued an alert warning Kenyans that impostors are swindling many unemployed youths with false promises of employment at Mombasa port. KPA said there is no recruitment going on at the moment or at any of its inland installations. In a paid up advertisement appearing in a section of the press, KPA noted that despite warning ...

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West African forces poised for Gambia intervention as leader’s mandate ends

West African troops were poised to intervene in Gambia on Thursday after President Yahya Jammeh’s mandate expired and overnight talks to convince him to stand down failed. Senegal has deployed hundreds of soldiers to its shared border with Gambia and Nigeria has pre-positioned war planes and helicopters after regional bloc ECOWAS said it would remove Jammeh if he did not ...

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Power handover in Gambia: President Yahya Jammey is it true?

    (TRADE NEWSWIRE): Salam alaikum your excellency, the President, Islamic Republic of the Gambia, Mr. Yahya Jammeh is it true that Allah says this in the Holy Quran, TRADE NEWSWIRE reports. Al-Quran,  Chapter 2 Verse 177. Al-Baqara- The Cow It is not righteousness that ye turn your faces toward East or West; but it is righteousness to believe in Allah ...

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Handover of power: Open letter to the Gambian President Yahya Jammeh

  Salam alaikum your excellency sir, First, i urge you to patiently watch the video clips herewith. The end of the former Liberian President Samuel Doe The end of the former Côte d’Ivoire President Laurent Gbagbo   Haven finished watching the videos, I am sure, it is either you like or dislike it. You can also see that situations of ...

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It’s all systems go as Mombasa port gears up for SGR locomotives arrival

Preparations for the arrival of the Standard Gauge Railway (SGR) locomotives at the Mombasa Port are in high gear. Kenya Ports Authority (KPA) has started modernising the Embakasi Inland Container Depot in readiness for arrival of the first batch of the locomotives ahead of the project’s commissioning. The project’s contractor, China Road and Bridges Corporation (CRBC), has laid out a ...

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Qalaa to sell key stake in Kenya, Uganda national railways

Qalaa Holdings, an African leader in energy and infrastructure, said it was in preliminary negotiations with several prospective global investors for the sale of its stake in Rift Valley Railways (RVR), the national railway of Kenya and Uganda. Formerly known as Citadel Capital, Qalaa controls subsidiaries in industries including energy, cement, agrifoods, transportation and logistics, and mining. Qalaa’s indirect ownership ...

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Ghana swears in Akufo-Addo as president

ACCRA: Nana Akufo-Addo was sworn in as Ghana’s president on Saturday in a ceremony attended by dozens of African leaders, sealing a rare peaceful transfer of power in a region plagued by political crises. Akufo-Addo, 72, a former opposition leader, defeated incumbent John Dramani Mahama in elections a month ago. The major cocoa and gold exporter is half-way through a ...

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Egypt reports 21-month low in Suez Canal revenues in November

Egypt’s revenues from Suez Canal commerce hit a 21-month low in November 2016, generating $389.2 million, down roughly five percent compared to the same month last year, according to data from the Suez Canal Authority (SCA). November’s receipts are the lowest since February 2015, when the vital Egyptian waterway generated $382 million, according to the data, which was published on ...

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Egypt to launch tender for airport expansion

  Egyptian Airports Company (EAC) is preparing a tender for the expansion of Sharm El Sheikh International airport, said a report. EAC plans to expand terminal 2 and increase its capacity by two million passengers per year, thus taking the total capacity of the airport to 9.5 million, reported Daily News Egypt, citing a source. The Ministry of International Cooperation ...

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2016 Rivers election rerun: Gov. Wike has no moral justification to set up Panel of Inquiry, says Peterside

  .’Gov. Wike’s Panel of Inquiry laughable’ .‘Gov. Wike’s Panel of Inquiry is a kangaroo judicial commission’ .’Gov. Wike urges Rivers people to be lawless by instructing them to shun Police investigative panel’   (TRADE NEWSWIRE): The Governorship candidate of the All Progressives Congress (APC) for Rivers State in the 2015 general elections, Dr. Dakuku Peterside has described as laughable ...

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West Africa Crude- Trading Slow, Feb Programmes Add To Surplus

February loading programmes began to emerge in West Africa, adding to a surplus of light sweet crude oil in the Atlantic Basin. Firming flat prices and rising freight rates made plentiful grades a difficult sell, and competition for Asian buyers was heating up as Iraq boosts its oil sales to China and India before planned OPEC output cuts. NIGERIA * ...

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Libya’s ‘Elephant,’ Sharara Oil Fields Said Not Operational Yet

Libyan oil-facility guards prevented two of the country’s biggest fields from resuming production, days after the National Oil Corp. reached an agreement to restart operations there to boost output in the politically divided OPEC state. The El Feel, or Elephant, and Sharara fields still aren’t operational after they were shut more than a year and a half ago, an NOC ...

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Libya to Return to Pre-Conflict Oil Output Levels by Mid-2017

Libya has the largest oil reserves in Africa and the tenth largest globally. Since 2011, when country’s longtime leader Muammar Gaddafi was toppled, Libyan oil production had dropped from 1.65 million barrels per day to 250,000 in August 2016. Oil Price Dynamics “Oil production began to grow, and in the beginning or the middle of the [next] year it will ...

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Dredging in the port of Maputo, Mozambique, allows it to receive larger ships

The dredging of the access channel to the port of Maputo has allowed the port to receive a large ship, the MV Mineral Belgium, which is 289 metres long and 45 metres wide, according to a statement from the Maputo Port Development Company (MPDC). The statement said the ship, carrying 90,000 tonnes of ferro-chrome and chrome, left the port of ...

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Advance on Libyan Oil Ports Thwarted

Eastern Libyan forces said they thwarted an attempted advance on some of Libya’s major oil ports on Wednesday, hitting a rival faction with air strikes and capturing some of its commanders. The violence raised the prospect of a fresh struggle for control of the oil ports and for overall power between the many armed factions in anarchic Libya that have ...

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Willemen to build Africa’s first automated container terminal

  Willemen Groep, a Belgian conglomerate said it has won a major contract to build the Africa region’s first automated container terminal over a 530,000-sq-m area at Tangier MedPort in Morocco. The Dutch company APM Terminals awarded the contract to the Willemen Groep comprising Aswebo, Aannemingen Van Wellen, Franki Construct and Cosimco. APM Terminals has been active in the port ...

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Kenyan ride-hailing app Little may expand into Nigeria or Uganda

  NAIROBI: Kenyan ride-hailing app Little, which is backed by telecoms operator Safaricom, is considering expansion into Nigeria or Uganda in the first quarter of 2017, the chief executive of its parent firm said. Little was launched by Safaricom and Nairobi software firm Craft Silicon in July to compete with Uber. “We plan to go by the first quarter of ...

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‘Emerging middle class to define next decade of Mena tourism’

  The rise of an emerging middle class will define and transform the travel and tourism industry in the Middle East and North Africa (Mena) over the next decade, according to global payments technology company Visa. Speaking at the Visa Travel & Payment Trends Seminar in Dubai today, the company’s senior director and international economist, Richard Lung, identified three key ...

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South Africa coach Domingo gets contract extension

CAPE TOWN: South Africa have extended the contract of coach Russell Domingo until after next year’s tour to England, Cricket South Africa said on Wednesday. The 42-year-old took over from Gary Kirsten in mid-2013 but his current contract was due to run out in April after South Africa return from a tour to New Zealand. “The Board believed the best ...

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ExxonMobil to Start Drilling off Liberia

  Exxon Mobil Corp will start drilling its first exploratory well off the coast of Liberia in November, the world’s largest publicly traded oil company said on Tuesday.”ExxonMobil Exploration and Production Liberia Limited, an affiliate of ExxonMobil, plans to drill a deepwater exploration well on the Liberia-13 Block, located about 50 miles offshore Liberia, beginning in November 2016,” a spokeswoman ...

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Peterside bids Ken Saro-Wiwa Jnr goodnight in tears

(TRADE NEWSWIRE): ‘We brought nothing into this world and it is certain we carry nothing out.The Lord gave and the Lord has taken away, blessed be the name of the Lord. The Holy Bible- Job 1:21, the Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Dakuku Peterside, recites in honour of late Kenule “Ken” Bornale Tsaro-Wiwa, broken-heartedly, ...

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Iran, Guinea partner in water, energy sectors

  Iran and the Republic of Guinea have signed a memorandum of understanding (MoU) to step up cooperation in water, power and energy sectors, a report said. The pact includes the construction of power plants and hydroelectric dams in the West African state, the Iran Daily report said, citing Mehr News Agency. The deal was signed by an Iran-Guinea joint ...

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Photos of Osinbajo, Peterside at signing of African Charter on Maritime Security, Safety and Development in Togo

(TRADE NEWSWIRE): Photos of Osinbajo, Peterside at signing of African Charter on Maritime Security, Safety and Development in Togo obtained by TRADE NEWSWIRE from a World-renowned First-rate Public Relations Professional and Head, Corporate Communications, NIMASA, Hajia Lami Tumaka on Monday in Lagos, TRADE NEWSWIRE reports.

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Crew shortages force Kenya Airways to cancel flights

NAIROBI: Kenya Airways, already facing financial difficulties and a threatened pilots’ strike, cancelled five flights on Sunday (Oct 16) after outsourced cabin crew walked off the job. While the stoppage only involved a small number of workers, it coincides with a deep malaise at the airline, which in July posted a net annual loss of 26.22 billion shillings (US$250 million) ...

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Acwa group preferred bidder for S Africa power plant

  An Acwa Power-led consortium has been announced as the preferred bidder for the Khanyisa Coal-Fired Project in South Africa. Part of the first round of the coal base-load Independent Power Producers Programme, the 306MW plant will be the first of its kind in South Africa featuring modern circulating fluidised-bed (CFB) technology. Located in Mpumalanga Province, the country’s coal hub, ...

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215,000 hotel rooms under contract in Mideast, Africa

More than 215,000 hotel rooms were under contract in the Middle East and Africa in September 2016, according to an STR report. As many as 159,127 rooms in 555 projects were under contract in the Middle East and 56,858 rooms in 303 projects were under contract in Africa, the STR September 2016 Pipeline Report  report said. Under contract data includes ...

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Africa Could be Significant LNG Importer by 2025

  Africa could become a significant global market for imported LNG by 2025, with Egypt the main driver, as more countries eye gas-to-power projects, a senior official at Total said on Tuesday. With hundreds of millions of people living without electricity in the world’s poorest continent, African countries are increasingly turning to gas to take advantage of lower global LNG ...

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DP World Looks to Expand in Africa

  Building on its recent expansion in the Horn of Africa, DP World said Tuesday that it stands ready to work with African leaders to develop ports and logistics infrastructure. DP World already operates the most advanced port on the African continent at Doraleh, Djibouti, plus two ports in Algeria, one in Egypt and one in Dakar. Last month the ...

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‘Risks remain for EMEA emerging market banks’

  Banks in emerging markets of the GCC countries, Nigeria, Russia, South Africa, and Turkey will stay under pressure for the remainder of 2016 and 2017, according to a new report from S&P Global Ratings. “The operating environments in these emerging banking markets are suffering the effects of low commodity prices on economic growth and investment activity, still significant political ...

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Libya exports first oil from Ras Lanuf since 2014

  An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya’s battered oil output. The port manager of Ras Lanuf said a second tanker was preparing to load at the terminal, one of four seized on ...

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85,000 new hotel rooms to open in MEA next year

  More than 300 new hotels housing almost 85,000 guest rooms are set to open across the Middle East and Africa next year, latest industry figures have revealed. The Middle East and Africa Hotel Construction Overview report by Tophotelprojects– released in the days leading up to the 17th annual The Hotel Show Dubai (September 17-19) – shows that the region ...

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Oil prices drop on returning Libya, Nigeria supplies

  Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut. Brent crude futures were trading at $46.20 per barrel at 0643 GMT, down 39 cents, or 0.8 per cent, from their last settlement. US West Texas Intermediate futures were down 36 ...

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Euromoney Egypt to discuss IMF agreement

Government ministers will discuss Egypt’s agreement with IMF, its impact on the country’s financial future and what it will mean for the average Egyptian at the upcoming Euromoney Egypt Conference in Cairo. The 21st edition of the summit will take place on September 19 and 20. The event will highlight reforms, social stability, currency and monetary policies, financing government deficit, ...

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Libyan Navy Patrol Fired “Warning Shots” at Aid Ship

  On Tuesday, Libyan navy spokesman Ayoub Qassem acknowledged that one of the force’s patrol boats had opened fire in the direction of the chartered anchor handler Bourbon Argos on August 17. He asserted that the patrol believed the Argos was involved in smuggling, and that when pursued, the Argos failed to respond to radio calls and altered her heading, prompting ...

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New $1.9bn petchem project launched in Egypt

  The Egyptian Ethylene and Derivatives Company (Ethydco), whose investments are estimated at $1.9 billion, was launched last week by Egyptian President Abdel Fattah Al-Sisi, said a report. The new complex launch was also attended by a number of ministers and Armed Forces leaders, added the Saudi Gazette report. Ethydco is a manufacturer and provider of value-creating plastics and rubber ...

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Africa battles to get big solar projects on grid

In an expanse of sand 60 miles (100 km) north of Senegal’s capital, two men set to work digging up tree stumps to clear space for what could soon be the biggest solar plant in West Africa. In less than a year, says developer Senergy PV SA, this shrubby lot will be covered with 96,000 gleaming solar panels from China, ...

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Egypt’s solar power upset clouds outlook for investors

  When Egypt announced plans to develop renewable power in 2014, investors piled in, drawn by year-round sunshine and chronic electricity shortages. Two years on, many projects have stalled, hitting confidence among foreign investors Egypt sorely needs. Developers who prequalified for solar and wind projects under attractive feed-in-tariff (FiT) schemes say they face delays and currency risks while wrangling with ...

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Egypt plans 3 power projects worth $7bn

Egypt’s Ministry of Electricity has finalised negotiations for three projects costing $7 billion, a report said.  The projects include Dairut’s 2,250 MW capacity combined-cycle power plant to be carried out by Acwa Power, Al-Nowais’s 2,640 MW capacity coal power plant in the Oyoun Mousa area, and Gulf of Suez’s 250 MW capacity wind plant to be carried out by the ...

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Libya’s NOC welcomes opening of ports, aims for 900,000 bpd

Libya’s state oil company said it welcomed the “unconditional” reopening of blockaded oil ports following a deal between the UN-backed government and an armed force which controls key facilities, saying it would begin work to restart exports from the terminals. The agreement could be a major step in reviving Libya’s crippled oil output. It had been questioned by National Oil ...

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Sisi warns of harsh and tough measures to fix economy

Egyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country’s ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund. In a bid to prepare public opinion for a series of measures that will include subsidy cuts, tax reforms, and privatisations of state-owned companies, ...

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Tanzania hands out cash to help its very poorest kickstart businesses

KIKWEMBE, Tanzania – Tatu Mtulya looks older than her age. Her sun-parched skin and the repairs to her well-worn dress say it all. She is poor. The 49-year-old single mother lives in a grass-thatched house with her four children in a village next to a highway in Tanzania’s northern Muheza district. She is among thousands of women from families deemed ...

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Tullow Project Moves Ahead Offshore Ghana

In the depths of Ghana’s fiscal crisis in 2014 policymakers looked forward to a time when a new oil field would open to boost the economy. That time has come but there’s a catch: oil prices have halved since the project started. The drop in the crude price to under $50 a barrel reduces the short-term boost to government revenue ...

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Emerging market debt triples since 2005, posing threat

  Developing countries have nearly tripled their external debt over the past decade, outpacing economic growth and increases in foreign exchange reserves – which could leave them open in the future to a “systemic crisis”, ratings agency Moody’s said on Thursday. Emerging market governments and companies around the globe have rushed in recent years to take advantage of rock-bottom global ...

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Iran offers services for Africa construction sector

  Iran is willing to provide technical and engineering services for African infrastructure projects, a senior government official was quoted as saying in an Iran Daily report. Mohammadreza Nematzadeh, the Iranian minister for industry, mine and trade, highlighted the country’s experience in mass construction in building two million houses. The know-how has been transferred to Venezuela and a number of ...

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Middle East and Africa spa market worth $3bn this year

  The spa market in the Middle East and Africa is valued at Dh11 billion this year ($3 billion), according to a new report. The leisure market report prepared by Euromonitor International ahead of The Leisure Show 2016 and Piscine Middle East 2016 reveals that the UAE shares over 14 per cent of this market with a value of Dh1.59 ...

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Europe’s eyes on Merkel to rebuild EU after Brexit vote

When the chips are down in Europe, everyone turns to Angela Merkel for a solution. But the German chancellor often sits on her hands until the last minute, then does the minimum necessary to keep the show on the road. Since last month’s shock British referendum vote to leave the European Union, all eyes have been on Berlin to indicate ...

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Bird flu outbreak in west Africa raises worries about food and livelihoods

The outbreak of a highly contagious strain of avian flu in west and central Africa has stoked fears that the disease may become endemic in the region, with lasting implications for people’s livelihoods, the U.N. food agency said on Friday. H5N1 avian influenza, or bird flu, has spread across a number of West African countries in the past two years, ...

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Suspected Congo yellow fever cases up 38 percent in last three weeks: WHO

KINSHASA: The number of suspected yellow fever cases in the Democratic Republic of Congo has jumped 38 percent in the last three weeks, the World Health Organization (WHO) said on Friday, as health officials prepare to launch a vaccination campaign next week. Congo’s government last month declared a yellow fever epidemic in the capital Kinshasa and two provinces that border ...

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Swiss-Belhotel signs two new Egypt hotels

Global hospitality management company Swiss-Belhotel International has signed agreements to manage two more Egyptian properties as it continues to grow its portfolio and presence in the Middle East. The move follows the company’s expansion in Egypt with its first hotel announced recently at Arabian Travel Market 2016 bringing the total number of Swiss-Belhotel International flagged hotels to three in the ...

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Libya’s government says in talks to reopen two major oil ports

Libya’s UN-backed government in Tripoli is in negotiations with an armed brigade controlling two main oil ports to reopen the terminals and lift a force majeure to restart exports, a member of its ruling council said. Libya’s oil industry has been battered by conflict among rival armed factions who control quasi-fiefdoms in a challenge to successive governments, and also by ...

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UN food agency says faces 610 million dollars shortfall for southern Africa drought relief

JOHANNESBURG: The United Nations’ food agency said on Thursday it needed US$730 million over the next 12 months for relief in seven southern African countries hit hard by a blistering drought and faced a US$610 million shortfall. (Reporting by Ed Stoddard; Editing by James Macharia) – Reuters

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Human Remains Recovered from EgyptAir Site

A search vessel contracted by the Egyptian government has recovered all previously mapped human remains under water at the crash site of EgyptAir flight MS804, Egypt’s aircraft accident investigation committee said on Sunday. The John Lethbridge, belonging to Mauritius-based Deep Ocean Search, headed to Alexandria port to hand over the remains to coroners and prosecution officials, the committee said in ...

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Egypt pays back $1bn debt owed to Qatar

Egypt has returned to Qatar $1 billion deposited by the Gulf state to help prop up the Egyptian central bank’s hard currency reserves after the 2011 uprising, the central bank governor said on Friday. Cairo’s relations with Qatar deteriorated after. Qatar had been a firm backer of Mursi’s Muslim Brotherhood and lent or gave Egypt $7.5 billion during the year ...

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Morocco to launch Islamic banking operations in 2017

  Morocco’s central bank said it would start issuing approvals for Islamic banks this year, with the aim of allowing them to begin business in early 2017. Islamic banks and insurers are setting up in Morocco after it adopted legislation allowing them into the domestic market, and the central bank has set up a central sharia board with the country’s ...

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Health officials race to prevent Congo yellow fever disaster

DAKAR: It is the stuff of a disaster movie: an outbreak of yellow fever in Congo’s capital city, full of unvaccinated people mostly huddled together in slums with too few drains and the kind of sticky, fetid climate that mosquitoes love. Kinshasa’s 12 million people – twice as many as there are doses of yellow fever vaccine anywhere in the ...

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