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NAIROBI, Kenya (AP) — The barrage of hourly tweets sent out by Aly-Khan Satchu — East Africa`s version of CNBC`s Mad Money host Jim Cramer — cheers on what Satchu says is a growing sentiment among investors: If you`re not investing in Africa, you should be. Or as Satchu loudly proclaims on his Twitter feed or newspaper column: `ITS BOOM TOWN BABY.`
Wednesday, May 22, 2013 17:34 |
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KINSHASA (Reuters) - The World Bank on Wednesday announced $1 billion in development funding for Africa`s Great Lakes region, where renewed fighting this week between the government and rebels in eastern Congo has raised fears once again of an escalation in conflict. World Bank President Jim Yong Kim unveiled the proposed aid financing for one of Africa`s most intractable conflict regions on the first day of a trip with U.N. chief Ban Ki-moon to Democratic Republic of Congo, Rwanda and Uganda. ...
Wednesday, May 22, 2013 08:27 |
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In a hangar-shaped factory hall in central Sudan a dozen workers rush to pack refined white sugar gushing from a funnel into paper bags to be loaded on three trucks parked outside.
Wednesday, May 22, 2013 16:38 |
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Ghana`s Derek Boateng announces he has joined English club Fulham.
Wednesday, May 22, 2013 14:13 |
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Ethiopian activist Bogaletch Gebre wins an international prize for her campaign to eradicate female genital mutilation (FGM).
Wednesday, May 22, 2013 17:27 |
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(Reuters) - Kohl`s Corp said on Wednesday that Michelle Gass, who was instrumental in Starbucks Corp`s U.S. turnaround several years ago, will join the department store in the new position of chief customer officer. Gass, who will join Kohl`s on June 17, had just been named to a new role at Starbucks earlier this month, where she was set to work directly with Chairman and Chief Executive Howard Schultz. Gass spent more than 16 years with Starbucks and was most recently president for Starbucks Europe, Middle East and Africa. ...
Wednesday, May 22, 2013 13:50 |
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By Peroshni Govender JOHANNESBURG (Reuters) - A South African government report released on Wednesday implicated President Jacob Zuma in a scandal over a plane chartered by rich friends of his which landed at a military base without proper permission. The presidency and Zuma`s ruling African National Congress (ANC) have denied demanding landing permission for the flight carrying nearly 200 guests for a wedding. But a diplomatic protocol chief Bruce Koloane said he acted `under pressure from No. 1`, a direct reference to Zuma, the report said. ...
Wednesday, May 22, 2013 18:05 |
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Africa`s longest-serving leader faces election challenge
Wednesday, May 22, 2013 17:03 |
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A former refugee living on an estate in Tyneside compares life for families living on the poverty line in England and Africa.
Wednesday, May 22, 2013 16:25 |
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The World Bank unveils a $1bn (£660m) aid package to help DR Congo and its neighbours, as fighting continues near the eastern city of Goma.
Wednesday, May 22, 2013 16:03 |