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Business/Tech Touch

Global economy will shrink by 5.2%- World Bank

Forecasts by World Bank reveals that the global economy will shrink by 5.2 per cent this year, as a result of the coronavirus pandemic which

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Jack Ma elevates Africa’s tech innovation with Netpreneur Award

Africa’s Business Heroes award, introduced by the Africa Netpreneur Prize Initiative, is focused mainly on Africa. When Jack Ma, the founder of Jack Ma Foundation,

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Nigeria intensifying diversification to solid minerals sector –Minister

The Nigerian Minister of State for Mines and Steel Development, Uche Ogah, has said the country had reinforced efforts at diversifying sources of revenue in

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British American Tobacco threatens South African govt with court action over tobacco sales ban

British American Tobacco South Africa has demanded that Cooperative Governance and Traditional Affairs Minister, Nkosazana Dlamini-Zuma amend regulations prohibiting the sale of tobacco products by

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Petroleum importers in Rwanda stuck with millions of litres of fuel

Importers of petroleum products are stuck with millions of litres of fuel following the decline in national demand on account of the COVID-19 lockdown. The

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Domestic airlines set to suspend flights operations in Nigeria over COVID 19

Virtually all domestic airlines in Nigeria have agreed to suspend their flight operations by midnight of Friday, 27th March as part of efforts to help

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South African Hotel Tycoon Sol Kerzner passes on

Renowned Sun City developer and international hotel tycoon Sol Kerzner has died at the age of 84, Kerzner family spokesperson Ian Douglas has confirmed. Kerzner

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Tanzania ranked second in continental radiation safety control

Tanzania has been ranked the second country in Sub- Saharan Africa for putting in place a modern laboratory complex that increases safety and control of

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Chad to settle U.S.$100 million debt to Angola with cattle

In a novel strategy that will attract some curiosity across Africa, Angola has agreed to receive 75,000 cattle from Chad as payment of a $100

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Nigerian President approves reduction of Petroleum pump price

President Muhammadu Buhari has approved the reduction in the pump price of premium motor spirit (PMS) from N145 per litre to about N130. Presidency sources