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Nigeria Earned $476.3 Million From Crude Oil, Gas Exports in December 2017 – NNPC


The Nigerian National Petroleum Corporation says it earned about $476.25 million from crude oil and gas exports in December, 2017. The corporation said in its monthly Financial and Operations Report for December, 2017 released on Tuesday that the figure more than doubled the export receipts $201.11 million realised in November, 2017. The report said while receipts from crude oil amounted ...

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Nigeria: Govt Identifies 130,000 Individuals, Firms Likely Culpable in Tax Underpayment – Adeosun


The data mining efforts of the federal government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments. The Honourable Minister of Finance, Mrs. Kemi Adeosun, revealed this on Tuesday while appearing on the Good Morning Nigeria programme of the Nigerian Television Authority. The Minister ...

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Nigeria: Senate Summons Aviation Minister Over Air Mishaps


Following the recent frequent air mishap in the country, the Nigerian Senate has, Tuesday, summoned the Minister of State Aviation, Hadi Sirika, to appear before it and explain why such mishaps have been occurring and measures taken to avoid subsequent occurrences. A motion filed by Senator Gbenga Ashafa brought to the notice of the senators that two air mishaps has ...

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Tunisia: Funds Worth 35 Billion Dinars Allocated to Road Network


The estimated funds allocated to the construction and development of roads throughout the territory have reached in the last three development plans about 35 billion dinars, Equipment, Housing and Spatial Planning Minister Mohamed Salah Arfawi. The latter pointed out in this regard, that the cost of the road network is estimated at 4.5 billion dinars by 2030 and the same ...

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Morocco: World Bank Launches U.S.$200M Program to Increase Investment Capacity in Morocco’s Casablanca


The World Bank launched on Monday a project worth 200 million U.S. dollars to improve the investment capacity of Morocco’s largest city of Casablanca. The launching ceremony of the program, known as “Casablanca Municipal Support Program,” was chaired by Marie Francoise Marie-Nelly, World Bank’s country director for the Maghreb and Malta, Middle East and North Africa. The loan will help ...

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Tunisia: Young Entrepreneurs Will Be Able to Open Foreign Currency Bank Accounts – (Minister)


The startup bill will allow young entrepreneurs to open foreign currency bank accounts in order to facilitate equipment acquisition, creation of subsidiaries abroad and access to foreign markets as well as avoid administrative procedures, Minister of Communication Technologies and Digital Economy Anouar Maarouf said on Monday. Speaking at a study day on the startups promotion bill organised by The House ...

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Tunisia: Export Revenues of Organic Dates Increase By 35.52%


Export revenues of organic dates for this season increased by 35.52%, compared with the previous season. This increase also comes from a 21.01% increase in the quantities exported, according to data from the Ministry of Agriculture, Water Resources and Fisheries. The quantities of organic dates exported, since the beginning of the season (October 10, 2017) to March 2, 2018, reached ...

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South Africa’s private-sector activity rises to 14-month high: PMI


South African private-sector economic activity expanded for the first time in seven months in February as political uncertainty eased, prompting increased business activity and higher domestic demand. The Standard Bank Purchasing Managers’ Index (PMI), compiled by Markit, rose to 51.4 in February from 49.0 in January, crossing the 50 mark that separates expansion from contraction for the first time since ...

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Kenya February private-sector activity strongest in nearly two years


Kenya’s private-sector activity expanded at a rapid pace last month as output rose and orders increased, a survey showed on Monday, news that will cheer investors after months of election-related contraction last year. The Markit and CFC Stanbic Kenya Purchasing Managers’ Index (PMI) for manufacturing and services rose to 54.7, its highest since April 2016, from 52.9 in January. Anything ...

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Uganda’s private-sector activity hurt by fewer export orders – survey


Uganda’s private-sector economic activity decelerated in February, slowed by weak exports, delays in customer payments and rising input prices, a survey showed on Monday. The Markit Stanbic Bank Uganda Purchasing Managers’ Index (PMI) declined to 51.1, down from 52.0 last month. A reading above 50 indicates expansion; anything below, a contraction. “February saw a contraction in the volume of new ...

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