Africa

Health workers wearing protective clothing prepare to carry an abandoned dead body presenting with Ebola symptoms at Duwala market in Monrovia August 17, 2014.

Ebola causing huge damage to West Africa economies: development bank

Ebola is causing enormous damage to West African economies, draining budgetary resources and slashing economic growth by up to 4 percent as foreign businessmen leave and projects are canceled, the African Development Bank president said.

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Ebola

British national contracts Ebola in Sierra Leone

A British national living in Sierra Leone has tested positive for Ebola, the first Briton to fall victim to the deadly disease that has spread across the West African region since March, the Department of Health said on Saturday.

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African mineral exploration

Rebel-held mine collapses in Central African Republic, killing 25

At least 25 people died when a gold mine collapsed near the Central African Republic town of Bambari, a spokesman for the mainly Muslim Seleka rebels which run the mine said on Friday.

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BHP Billiton sign

BHP unveils spin-off but disappoints with no buyback

The world's biggest mining company, BHP Billiton BHP.AX BLT.L, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.

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Nomanini PoS

Nomanini secures additional ZAR 4.8million investment for international expansion

Nomanini was able to secure an additional investment of ZAR 4.8 million ($449,000) from the Industrial Development Corporation (IDC). The company provides a unique and colorful mobile Point-of-Sales (Pos) terminal to mobile operators...

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U.S. President Barack Obama

Obama to announce $14 billion in U.S. corporate investments in Africa

President Barack Obama will announce on Tuesday that U.S. businesses have committed to investing $14 billion in construction, clean energy, banking, and information technology projects across Africa, a White House official said.

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General Electric

GE to invest $2 billion to boost African energy, infrastructure

General Electric Co (GE.N) on Monday pledged to invest $2 billion in Africa by 2018 to boost infrastructure, worker skills and access to energy, an announcement timed to coincide with a U.S. summit meeting of nearly 50 African leaders.

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Pesapal

Top 20 African tech startups, PesaPal, mobile services providers in the lead

Technology startups in Africa help mobile and internet usage increase and continually grow in the future. Currently, about 16 percent of the continent’s population has access to the internet and is increasing. This makes Africa a transformative potential in the digital world. Listed below are promising tech startup companies that show impressive development since its operation.

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Kuluya Games

Digital warriors battle to get African games on phones

Safari the warrior crouches in the bush - a digitized heroine from the new mobile phone game "Afro Fighters" that its Nigerian creator hopes will soon rival the likes of Clash of Clans or Angry Birds on the world's handsets.

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Telkom

Two unions to take South Africa's Telkom to court over planned retrenchments

Two unions representing some of Telkom SA's workers said on Tuesday they would take the South African landline provider to court over possible retrenchments.

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Sipho Maseko

South Africa's Telkom takes second shot at IT firm BCX, offers $256 million

South African telecommunications company Telkom (TKGJ.J) made a second stab at buying IT infrastructure firmBusiness Connexion (BCXJ.J) with a 2.7 billion rand ($256 million) offer, seven years after competition concerns scuppered its first bid.

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Microsoft 4Afrika Initiative

Microsoft's 4Afrika Initiative to bring wireless internet to universities in Ghana

Microsoft made announcement at Dynamic Spectrum Alliance Global Summit in Accra, Ghana that it will launch a new TV white space partnerships and projects in Africa and three other continents to provide lowcost wireless connectivity to students and faculty at universities in Koforidua, Ghana.

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Chinese Premier Li Keqiang and Kenyan President Uhuru Kenyatta

China cements deal with Kenya to fund railway construction project est. $3.8 billion

Sunday Kenya made an agreement with China to finance 90% of the 609.3 kilometer railway project in Nairobi with cost estimate of SH 327 billion or $3.8 billion.

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Joel Jackson

Ronald Lauder funds Kenyan car manufacturing start-up for cheapest vehicle in Africa

American billionaire Ronald Lauder through Pan African Investment Company (PIC) funds an undisclosed amount in convertible debt to Kenyan car manufacturing startup Mobius to produce Africa's cheapest car.

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Uganda oil block

Nigeria-Kenya Chamber of Commerce grants 7 oil fields to NIgerian business men sparking deeper business ties in other sectors

Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.

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