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Intra-African Trade Fair Reaches 90% turnover

The II Edition of the Intra-African Trade Fair reached a turnover of about 36 billion dollars, 90% of the 40 billion dollars expected, said Kanayo Awani, AFreximbank managing director, quoted by African Markets. Kanayo who was speaking during the closing of the event revealed that the data is still provisional and...

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Covid-19: WHO Calls for Open Borders

In light of the decisions that have been taken by several European countries and beyond to seal off airports to countries in the southern region due to the spread of the new variant of the SARS-CoV-2 coronavirus, the World Health Organization has called for borders to remain open. The "WHO stands with African countries and asks...

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CFM resumes passenger transportation for long-haul trips

The Ports and Railways of Mozambique (CFM) has announced that it will resume passenger transport on long-haul journeys as early as December 10. According to a note from the company, long-haul travel had been interrupted following the development of covid-19 cases in the country. E,...

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BP-led consortium starts oil production in Angola

British Petroleum (BP) has announced the start of oil production and exploration at an offshore field called Platina, about 160km off the coast of Angola. It is expected to make 30,000 barrels of oil per day (bpd) available to the market at peak production, with access to 44 million barrels of oil reserves....

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Nissan wants 50% of its cars to be electric by 2030

Japanese automaker Nissan Motor has announced a plan to make more than half of the cars it sells worldwide electric, investing some 17.61 billion euros over the next five years. The investment also aims to launch 23 new electrified models - including 15 fully electric models and eight hybrid...

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Omicron: Now there is no exception! Japan closes borders to all foreign visitors

Japan's government announced today that it will close its borders to all foreign visitors starting this Tuesday due to the Omicron variant of covid-19. According to Japan's Prime Minister Fumio Kishida, Japanese returning from nine southern African countries and from countries where infections with the new variant have been reported will have to...