30 December 19

Ethiopia sets $200,000 minimum spend for foreign investors

Ethiopia has set a minimum threshold of $200,000 for foreigners looking to invest in local businesses and infrastructure projects. The move comes as part of the East African nation’s privatisation plans for the year ahead, part of which welcomes foreign
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23 December 19

Ethiopia launches first satellite – with a lot of help fro China

Ethiopia joined the space race on Friday with the launch of the East African nation’s first satellite.

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12 December 19

Rwanda: Qatar Airways set for 60% stake in new airport

Qatar Airways has agreed to take a 60 percent stake in a new $1.3 billion international airport set to be built in the Bugesera district, roughly 25km southeast of the capital, Kigali.

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04 December 19

Kenya: Importers forced to use expensive Chinese railway

Importers in Kenya say they are being forced to use the country’s new and expensive Chinese-built railway, connecting the port city of Mombassa with the capital, Nairobi.

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03 December 19

DRC: EU allocates €50 million to fight Ebola and malnutrition

The European Union (EU) has allocated €50 million to help fight the spread of Ebola and malnutrition in the Democratic Republic of Congo (DRC).

23 October 19

Barrick Gold to pay $300 million to Tanzania in tax dispute

Barrick Gold Corp has reached a deal with Tanzania to pay the country $300 million, bringing an end to its long-running tax dispute.

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18 October 19

Burundi: More than 40 arrested in currency crackdown

More than 40 people in Burundi have been arrested as part of a government campaign targeting black-market currency trading.

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18 October 19

Kenya’s China-funded ‘Railway to Nowhere’ opens

Kenya’s has opened its halted railway project dubbed as the “Railway to Nowhere” after China pulled funding for the ambitious project.

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17 October 19

Kenya set to double debt ceiling, almost matching economy size

Lawmakers in Kenya have approved government plans to increase the country’s debt ceiling.

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17 October 19

World Bank orders Tanzania to pay $185m to Standard Chartered

A World Bank arbitration court has ordered Tanzania to pay $185 million to Standard Chartered over the breach of an energy contract.

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