Africa

Carlyle Group LP

U.S. buyout firm Carlyle enters South Africa with tyre deal

Carlyle Group (CG.O) has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed economy.

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Mounir Fakhry Abdel Nour

Egypt expects new African trade bloc in December: minister

Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month, uniting markets worth 58 percent of the continent's economic activity, Egypt's industry and trade minister said.

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Farm

Battered by falling prices, Kenya's tea farmers threaten to uproot

Emerald-colored tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters.

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Samsung S5

Samsung Electronics sees squeeze in African growth as economy slows

Samsung Electronics expects high single-digit revenue growth in 2014, compared with the 50 to 60 percent annual expansion of the last few years, as the global economic malaise trickles down to the continent.

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Ford

Strikes cast shadow over Ford's South African investment prospects

U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief said on Thursday.

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MoneyGram

Kenya's Safaricom, Moneygram sign money transfer deal

Kenya's Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1 billion sent in remittances every year.

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Mobile user

Viettel to invest $1 billion on 3G telecoms network in Tanzania: officials

Vietnam-based telecoms operator Viettel plans to invest $1 billion in a new third-generation (3G) mobile phone network in Tanzania, the office of the east African country's president said on Tuesday.

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Africa Energy

Somalia says reviewing oil deals U.N. says lack transparency

Somalia said it was reviewing several oil and gas deals that U.N. investigators say lack transparency and risk hindering development of the country's energy industry.

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Total SA

Tanzania talks with Total, BP on hydrocarbon exploration

Tanzania has held talks with France's Total (TOTF.PA) and Britain's BP (BP.L) over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector.

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Suez canal near Ismailia port city

Egypt signs with six international firms to dredge new Suez Canal

Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's program to revive an economy battered by years of political turmoil.

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Airbus Group

Air Cote d'Ivoire in talks with Airbus, Bombardier

Ivory Coast's national carrier Air Cote d'Ivoire is in discussions with Airbus (AIR.PA) and Canada's Bombardier Inc (BBDb.TO) to renew its existing fleet and provide new aircraft for a planned expansion, the company's chief executive said.

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Paris

French tourists avoid Tunisia after traveler's beheading in nearby Algeria

Tunisia lost about a third of its French tourist bookings to cancellation shortly after the beheading last month of a French traveler by Islamist militants in neighboring Algeria, the country's tourism minister said on Monday.

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France

South Africa signs nuclear agreement with France

South Africa has signed a nuclear power agreement with France, the government said on Friday, three weeks after it reached a similar deal with Russia as part of Pretoria's first tentative steps towards building up to 9,600 MW of nuclear power.

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Worshippers

Nigeria's 'megachurches': a hidden pillar of Africa's top economy

When a guesthouse belonging to one of Nigeria's leading Christian pastors collapsed last month, killing 115 mostly South African pilgrims, attention focused on the multimillion-dollar "megachurches" that form a huge, untaxed sector of Africa's top economy.

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Egypt's Central Bank Governor Hisham Ramez

Egypt has paid back $500 million to Qatar: central bank governor

Egypt has paid back $500 million to Qatar and will soon return the remainder of the money the Gulf state deposited into the Egyptian central bank after the 2011 revolution, the bank's governor said on Saturday.

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