African Nations Race to Build Sovereign Funds

African Nations Race to Build Sovereign Funds

REUTERS Resource-rich African countries are setting up sovereign wealth funds. Oil producers Angola, Ghana and Nigeria started funds in the past two years. Before then,…

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South Africa’s ‘Rattletrap’ Taxis a Multibillion-Dollar Industry

South Africa’s ‘Rattletrap’ Taxis a Multibillion-Dollar Industry

REUTERS Zakes Hadebe’s minibus taxi has nearly half a million kilometers on it, a broken speedometer and a fuel gauge he struggles to keep just…

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East Africa Moves Toward  One Currency

East Africa Moves Toward One Currency

AGENCE FRANCE-PRESSE At a November 2013 summit in Kampala, Uganda, five East African countries signed a protocol to establish a monetary union, a first step…

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Ethiopia’s Wind Farms Built for Energy Independence

Ethiopia’s Wind Farms Built for Energy Independence

AGENCE FRANCE-PRESSE From the sky, the 84 glimmering white turbines at Ashegoda wind farm shoot up from the ground like huge spokes, standing out high…

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Inga Dam Project Seeks to Illuminate the Continent

Inga Dam Project Seeks to Illuminate the Continent

REUTERS Deep in the bowels of the giant Inga hydroelectric dam that straddles the mighty Congo River stands a fading map named “The motorways of…

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Africans Investing in Africa

Africans Investing in Africa

REUTERS Investors from Europe, Asia and the United States are not the only ones chasing growth opportunities in Africa these days. Africans themselves are waking…

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World Bank Finances Great Lakes Power Plant

World Bank Finances Great Lakes Power Plant

AGENCE FRANCE-PRESSE The World Bank has approved a $340 million financing package for a crucial hydroelectric power plant in Africa’s Great Lakes region, a project…

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Ethiopia’s Commodity Exchange Boosts Growth

Ethiopia’s Commodity Exchange Boosts Growth

AGENCE FRANCE-PRESSE A bell rings, and the floor of Ethiopia’s Commodities Exchange (ECX) is flooded with traders dressed in colored coats, waving hands, and shouting…

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Railway Will Link Three Countries

Railway Will Link Three Countries

REUTERS A railway that runs from Kenya to Uganda will be extended to Rwanda by March 2018 as part of efforts to deepen trade ties…

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