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Kenya
Business: Kenya gets $1b syndicated loan from banks
Kenya borrowed $1 billion via a syndicated loan from commercial banks, $200 million more than anticipated.
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Kenya
Business: Kenya's KCB shuts branches as hyperinflation bites
South Sudan's largest bank is shutting more branches as hyperinflation and a shortage of dollars eat into the group's profits, the managing director said, underscoring country's worsening financial woes amid a civil war.
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Giappone
Nomura in talks with Japan Post over real estate unit sale, sources say
Nomura Holdings is in discussions to sell its stake of about one-third in the brokerage’s real estate unit to Japan Post Holdings, according to people familiar with the talks. Japan Post, which holds many real-estate assets across the country, including some 24,000 post offices, aims to develop real-estate operations into ...
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Giappone
Aso, some G-7 peers stress free trade as key to helping fight inequality
Finance Minister Taro Aso and some of his Group of Seven (G-7) peers have stressed the importance of promoting free trade as part of an effort to address inequality, a senior Finance Ministry official said. They made the comment Friday, the first day of a two-day Group of Seven financial ...
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Cina Giappone
Government sends mixed signals on idea of Japan joining China-led AIIB
The idea of Japan joining the China-led Asian Infrastructure Investment Bank is finding renewed enthusiasm within the administration of Prime Minister Shinzo Abe, sources have said. The idea has advocates within the Prime Minister’s Office and the trade ministry, and is backed by Toshihiro Nikai, the secretary general of Abe’s ...
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Cina USA Giappone
China, U.S. reach trade agreement over beef, poultry, natural gas imports and exports
Beijing will open its borders to U.S. beef, while cooked Chinese poultry is closer to landing on American supermarket shelves under a U.S.-China trade agreement. Trump administration officials hailed the deal as a significant advance toward boosting U.S. exports and closing America’s trade gap with the world’s second-largest economy. U.S. ...
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Nigeria
N139bn budget: Plateau gov demands strict financial discipline
Friday Olokor, Jos Plateau State Governor, Simon Lalong, has promised to embark on strict financial discipline, block leakages and engender aggressive mobilisation and mopping-up of all funds accruable to the state. Expressing the view while signing into law the 2017 budget for the state, estimated at N139bn, he said that ...
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Nigeria
Govt bans MDAs from conducting business with unregistered firms
Ifeanyi Onuba, Abuja The Federal Government on Friday banned ministries, departments and agencies from transacting business with companies and other corporate bodies that are not duly registered by the Corporate Affairs Commission. A circular issued by the Office of the Secretary to the Government of the Federation said that the ...
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Nigeria
Over 120 S’African companies in Nigeria, says FG
Eniola Akinkuotu, Abuja The Federal Government has said there are over 120 South African companies doing business in Nigeria. It, therefore, stated that there was a need for Nigeria and South Africa to improve on their relationship, which had been tainted by reports of xenophobic attacks in South Africa. The ...
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Nigeria
Nigeria’s economy attracts N305bn investment in two months
Ifeanyi Onuba, Abuja Despite the challenges facing the country, the Nigerian economy attracted investments worth $1bn (about N305bn) in the first two months of this year. The Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Dr. Yemi Kale, confirmed this to our correspondent in an exclusive interview ...