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Emerging Markets Business News
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Wednesday, 03 March 2010 07:20 |
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Port Louis, Mauritius - A report by the World Economic Forum's Global Enabling Trade Index notes an improvement in the efficiency in regard to transport and infrastructure in Mauritius, APA notes in the Mauritius capital Port Louis on Monday.
The report " Review of Maritime Transport, observes that though the island is 33rd in the world classification, Mauritius is, by a large margin, the highest-ranked country in sub-Saharan Africa.
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Emerging Markets Business News
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Wednesday, 03 March 2010 07:15 |
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Nairobi, Kenya - The Toyota Group has launched a formal process of expanding its operations and establishing a regional headquarters in Nairobi following a request by Prime Minister Raila Odinga two weeks ago.
Representatives of the company, who arrived in the country on Monday, said they have identified some 60,000 square metres of land a long Mombasa Road from which they plan to launch their expanded operations.
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Emerging Markets Business News
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Tuesday, 02 February 2010 16:48 |
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Lagos, Nigeria - The European Union-African, Caribbean and Pacific (EU-ACP) Science and Technology Programme has provided US$1 million for research on yam improvement in six African countries, including Nigeria.
According to a statement issued here by the International Institute of Tropical Agriculture (IITA) on Monday in Ibadan in south-western Nigeria, the support is coming amid global re-awakening on the importance of yam as a food security crop in Africa.
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Emerging Markets Business News
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Monday, 01 February 2010 16:37 |
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Abuja, Nigeria - Speculations that the oil giant, Shell, was relocating from oil rich Niger Delta of Nigeria because of the violence in the region have gained currency as it has been confirmed selling $5 billion assets to a consortium led by a Nigerian company.
A statement issued by its spokesperson, Mr. Precious Okolobo, on Saturday in Lagos said Shell Nigeria Petroleum Development Company, "agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led by two Nigerian companies."
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Emerging Markets Business News
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Monday, 01 February 2010 16:31 |
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Addis Ababa, Ethiopia - The World Bank on Sunday announced the donation of $15 billion development assistance to Africa over the next three years, World Bank group president Robert B. Zoellick, disclosed in Ethiopia.
Zoellick told African leaders that the bank will continue its strong support to Africa, which is supporting various development activities across various countries in the continent.
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