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    • 16 JUL 16
    • 0

    Nigeria: Why Court Cancelled Buhari Govt’s 45 Percent Electricity Tariff Hike

    Allafrica – By Ben Ezeamalu A Federal High Court in Lagos, Wednesday, declared illegal the upward review of electricity tariff by the National Electricity Regulation Commission. In a landmark judgment delivered by Justice Ibrahim Idris, the court ordered the reversal and restrained NERC from further increasing the tariff except in strict compliance to the provisions

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    • 16 JUL 16
    • 0

    AFC fuels expansion at New Age with new investment

    AFC fuels expansion at New Age with new investment DANIEL TAKYI| 30 JUNE 2016 Lagos 30 June, 2016: Africa Finance Corporation (‘AFC’) is acting as lead arranger for an up to US$425 million senior mezzanine facility for New Age (African Global Energy) Limited (‘New Age’), a privately held oil and gas exploration, development, and production

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    • 12 JAN 15
    • 0

    EGYPT’S BISCO MISR SHAREHOLDERS AGREE TO SELL $125 MLN WORTH OF SHARES TO KELLOGG

    CNBCAfrica – Shareholders controlling 86 per cent of shares in Egyptian biscuit maker Bisco Misr agreed to sell their shares to US firm Kellogg. They agreed to sell their shares for a total of 125 million dollars by the time bidding ended on Sunday, the Egyptian stock exchange said. US Kellogg became the only suitor

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    • 12 JAN 15
    • 0

    Uganda Central Bank Ready to Intervene on Shilling’s Retreat

    Bloomberg – Uganda’s central bank will intervene to restore stability in the shilling, which slumped to the lowest in more than three years today, when it sees speculative trading and “excessive movements” in the foreign-exchange market. “The Bank of Uganda will intervene to restore stability using available tools like forex intervention and monetary-policy tightening,” Christine

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