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Ethiopia launches 4G mobile service in the capital

Ethiopia's state-run telecoms monopoly has launched a fourth generation (4G) mobile service in the capital Addis Ababa, aiming to catch up with the high-speed communications available in some east African neighbors such as Kenya and Uganda.

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Casino Chips

South Africa's Sun International to buy Peermont in $775 million deal

South African hotel chain Sun International (SUIJ.J) on Friday announced plans to take over casino resort group Peermont for nearly 9.5 billion rand ($775 million).

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Ashraf al-Arabi

Egypt targets FDI worth $60 billion over four years: minister

Egypt wants to attract foreign direct investments worth $60 billion and to get an average growth rate of 7 percent over the next four years, the country's planning minister said.

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Egypt's Prime Minister Ibrahim Mehleb

Egypt's cabinet approves long-awaited investment law

Egypt's cabinet approved a long-awaited draft law on investment on Wednesday aimed at making deals less vulnerable to legal disputes or changes in government, and reducing stifling bureaucracy.

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Egyptian President Abdel Fattah al-Sisi

3.2 billion euros of Egypt-French arms deal financed by loan from Paris: Sisi

The French government loaned Egypt 3.2 billion euros to finance the recent multibillion-euro purchase of French military equipment, Egypt's president Abdel Fattah al-Sisi said in an interview on al-Arabiya TV on Saturday.

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Omar Abdirashid Ali Sharmarke

Somali PM appeals to U.S. banks to resume money transfer services

Somalia's prime minister urged the U.S. government and U.S. banks to support money transfer firms that offer a lifeline for many in the war-torn Horn of Africa nation.

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Railway

Ethiopia bets on grand projects in drive for industrial power

Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia's industrial rise.

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Africa Food

Local vendors, not supermarkets, key to Africa food security

Traditional markets sell more than 85 percent of the food consumed in sub-Saharan Africa, and rather than replacing them with Western-style supermarkets, governments should train local vendors to improve food safety, researchers say.

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International Monetary Fund

Madagascar needs reforms to hit 5 percent growth - IMF

Madagascar will not achieve the 5 percent growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters.

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G20 in Brisbane

Most governments conceal data despite G20 pledges, study says

Myanmar, Haiti and Mali were ranked the least open and transparent countries in a global index of government data released on Tuesday, which found that most governments do not make official data openly available to the public.

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Medicine

Aspen, Cipla win share of $860 million South Africa AIDS drug tender

South Africa will spend 10 billion rand ($860 million) between 2015 and 2017 on life-prolonging HIV/AIDS treatment drugs, health authorities said on Wednesday, as studies show the prevalence of the virus is rising.

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Kellogg Company.

Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr

Kellogg Co K.N., the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr (BISM.CA) on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle.

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Anglo American Plc

Amplats gets $385 million offer for Bokoni mine stake

Anglo American Platinum has received a 4.5 billion rand ($385 million) offer for its 49 percent stake in the Bokoni mine in northeast South Africa, a source said on Wednesday, pushing its shares higher.

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Kellogg Company.

Kellogg raises stakes in bidding war over Egypt's Bisco Misr

Kellogg Co raised its bid on Sunday for Egyptian cake and biscuit maker Bisco Misr, intensifying a bidding war with the UAE's Abraaj Investment Management that has pushed up the offer price by more than 12 percent.

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GlaxoSmithKline

GlaxoSmithKline fires executive who raised race complaint in South Africa: Bloomberg

Britain's biggest drugmaker, GlaxoSmithKline Plc, fired an executive from its South African unit for refusing to appear for a performance review, which was called a week after he complained of racial discrimination in the workplace, Bloomberg reported, citing company documents.

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