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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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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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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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JX Nippon

JX Nippon Oil & Energy Corporation opens office in African region

JX Nippon Oil & Energy Corporation has opened an office in Johannesburg, South Africa that could indicate possible company expansion as the former looks to collaborate with exploration and retail firms.

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Jakaya Kikwete

Tanzania launches first ever PE firm to advance country's economic growth

Mkobo Privet Equity Fund, Tanzania's first ever PE firm, was launched in the country to advance economic growth whereas locals were also urged to invest more in the fund.

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European Union

Djibouti receives $11 million grant from the European Union

Djibouti has received $11 million grant from the European Union to help the country in looking for ways to solve the current problem in potable water and its scarcity of supply.

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Vimpelcom

Russia's Vimpelcom agreed to sell holdings in Orascom Telecom Algeria

Russian telecoms giant Vimpelcom has agreed to let go of its much disputed holdings in Orascom Telecom Algeria to the Algerian government after buying the telecoms firm from Naguib Sawiris in 2010 for $6 billion.

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